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Limerick group demands action on housing

first_imgTwitter Limerick city house prices rise 4.9% as time to sell falls RELATED ARTICLESMORE FROM AUTHOR Limerick county house prices to rise 5% in 2021 Facebook Mortgage payment break for local authority home loan borrowers will be extended by a further three months WhatsApp Linkedin ACTIVISTS took to the street of Limerick on Saturday, February 23, to protest over the growing housing crisis.The recently formed Limerick Housing Action (LHA) group organised a march that gathered at People’s Park and made its way to City Hall on Merchants Quay, where organisers and members of other action groups spoke to the crowd of almost fifty people.Sign up for the weekly Limerick Post newsletter Sign Up Recent homeless figures have shown that more than 290 people were homeless in Limerick at the end of last year.A spokesperson for the group  said that for many people the housing crisis isn’t about statistics.“Long before the numbers are published in the papers and in the reports, or in the Dáil debates, we’ve already seen them. You’ve seen them on our streets in our homes and on the worried faces of our friends and family.”She said the movement was formed by a “group of concerned community members that came together” with a common goal of supporting those affected by the housing crisis and to “take collective action to demand change”.“I don’t think I’m being too dramatic when I say that probably everyone here is affected by this, the housing crisis or at least know someone who’s affected.”“By coming out today, you have shown that the people in Limerick aren’t going to take it any longer. Underneath it all, we know that there are only two types of people in the housing struggle – the people that profit from it,  and the people who suffer from it.“We also know that there is ultimately more of us than there is of them,” the spokeswoman explained. TAGSHousingNewspoliticsvideo center_img Previous articleLimerick films selected for Ireland’s Young Filmmaker of the Year Awards 2019 regional heatsNext articleEast Limerick teachers honoured after decades of educating the young Cian Reinhardthttp://www.limerickpost.ieJournalist & Digital Media Coordinator. Covering human interest and social issues as well as creating digital content to accompany news stories. [email protected] Limerick on Covid watch list Advertisement Print Email NewsHousingVideoLimerick group demands action on housingBy Cian Reinhardt – February 28, 2019 591 Shannon Airport braced for a devastating blow Local backlash over Aer Lingus threatlast_img read more

Predictions for the 2019 Housing Market

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Redfin’s Chief Economist, Daryl Fairweather, predicts the housing market will continue to cool into the first half of 2019. Among the seven predictions for the year ahead, Redfin forecasts a rise in homeownership rates and rise in inventory to be back at 2017 levels. Price hikes will record the lowest numbers since 2014. Speaking of investors and house-flippers, Fairweather expects them to back away from the market. She noted that real estate companies that buy homes from consumers to quickly sell at a profit are likely to face challenges as the market cools. Local housing issues will have tech companies and local governments continue to “go head to head,” she said. Redfin’s 2019 predictions anticipate price growth to stay around 3 percent in the first half of the new year, a drop from the 7 percent recorded around the same period last year. Though a booming economy and increased access to credit will drive homebuyer demand, higher interest rates will make homeownership an expensive affair for many—creating doubts about the rebound of home sales next year, the report said.According to the report, more inventory and less competition will be key features of the market of 2019. Homeownership has been consistently growing from its post-recession valley of 63 percent in 2016 to above 64 percent this year. It pointed out that an increase in mortgage-rate to 5.5 percent by the end of 2019 would mean about a $100 increase in monthly mortgage payments on a $300,000 home.The heat of rising rates will affect lenders as their costs of lending will lead to flattened demand for services—compelling lenders to reach out to low-income borrowers and first-time homebuyers, Fairweather wrote. Redfin also predicts fewer homes to be built and an uptick in starter homes that are easier to sell than luxury homes. The per-unit values of building permits will also decline in 2019. Low unemployment is projected to increase the wages for low-income workers, impacting both demand and supply and demand for housing, the report indicated. Institutional buyers will face their first serious test wherein buyers who made money from nearly every sale in a rising market with low-interest rates could start to face losses if homebuying demand falters on account of higher interest rates and stock-market volatility, the report stated. Read the full report here. Home / Daily Dose / Predictions for the 2019 Housing Market Affordability Dr. Daryl Fairweather Homeownership Inventory Redfin 2018-12-20 Donna Joseph The Week Ahead: Nearing the Forbearance Exit 2 days ago December 20, 2018 3,492 Views Previous: Fannie and Freddie’s 2019 Goals Next: A Closer Look at Foreclosure Prevention  Print This Post Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Predictions for the 2019 Housing Market About Author: Donna Joseph in Daily Dose, Featured, Market Studies, News, Servicing Tagged with: Affordability Dr. Daryl Fairweather Homeownership Inventory Redfin Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Sign up for DS News Daily Subscribelast_img read more

First Lady thanks Slovak Govt for Covid-19 response donation

first_img“This donation will enhance our collective fight against the spread of the Coronavirus in Kenya especially where it is needed most – the most vulnerable and marginalised communities in the country,” Ms Maina said.Also Read  COVID-19: Kenya records 98 new cases, 62 recoveries, 2 deathsShe said the First Lady also appreciates the support extended to Mater Misericordiae Hospital by the Slovakian Paediatric Heart Mission, noting that the mission’s commitment to establish a cardiac program that offers special cardiac care for children will help many who cannot afford it.Handing over the donation, Slovakia Ambassador to Kenya Frantisek Dlhopolcek said his country is also facing challenges brought about by Covid-19 and the donation is an expression of solidarity with the people of Kenya in the fight against the pandemicAlso Read  Noordin Haji reorganizes ODPP in renewed war on graftHe commended First Lady Margaret Kenyatta for her role in enhancing cooperation between Kenya and the Slovak Republic.“The First Lady is a patron of our development cooperation and we are very happy with her patronage and advise,” Ambassador Dlhopolcek said.CAS Mwangangi said the donation from the Slovak Republic comes in handy at a point where cases of those who have tested positive to the Coronavirus in Kenya has passed the 17,000 mark.“The contribution being received here today will definitely go a long mile in the fight against Covid-19.“We extend our sincere gratitude to the Slovak Government for this kind contribution which includes testing kits, about 18,000 litres of sanitizer and protective gear that will go a long way in helping our community health workers as we implement our home-based care program,” Dr Mwangangi said.Also Read  PSC to challenge Maraga’s advice to dissolve Parliament over gender ruleOn his part, Mr Namwamba said Slovakia and the Kenya share strong bilateral ties in various fields ranging from agriculture and business to health.“Therefore this donation is another gesture of the very strong cooperation between the Slovak Republic and the Republic of Kenya,” Mr Namwamba said.The brief handing over ceremony at the Jomo Kenyatta International Airport was also attended by the European Union Deputy Head of Mission Katrin Hagemann, Ministry of Foreign Affairs Director for Europe and the Commonwealth Dr Joe Sang and Ministry of Health’s Director for Global Health Dr Andrew Toro. First Lady Margaret Kenyatta has applauded the Government of the Slovak Republic for their solidarity with Kenya in the fight against Coronavirus through a donation of Covid-19 response supplies.The Shs 26 million worth of supplies, which included testing kits, personal protective equipment, respirators, sanitizer, clothing and shoes, was received today at the Jomo Kenyatta International Airport on behalf of the First Lady by Director of Administration in the Office of the First Lady, Ms Eva Maina.Also present to receive the donation were Foreign Affairs Chief Administrative Secretary Ababu Namwamba and his Health counterpart Dr Mercy Mwangangi. Ms Maina said the First Lady, through the Beyond Zero initiative, has prioritized support of vulnerable women, children, the elderly as well as persons with disabilities in its Covid-19 response strategy.Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153last_img read more