Categoría: Geovanny Vicente

JACKSONVILLE, Fla., March 8, 2021 /PRNewswire/ — Today, the Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based upon the company’s industry-leading mortgage, real estate and public records datasets. This month’s report looks back on 2020 origination volumes as well as at rate lock data from Black Knight’s Secondary Marketing Technologies division to get a sense of how the market is faring as rates begin to rise. According to Black Knight Data & Analytics President Ben Graboske, despite interest rates recently spiking to more than 3.2% according to the daily tracking data of the company’s Optimal Blue Mortgage Market Index, Q1 2021 refinance lending volumes are poised to remain near Q4 2020’s record-breaking high.

«Roughly 2.8 million homeowners refinanced their mortgages in the last quarter of 2020, which saw a record-breaking $869 billion in refinance lending,» said Graboske. «Assuming a 45-day lock-to-close timeline, daily rate lock data from Black Knight through mid-February suggests refi activity could remain steady in Q1 2021. Of course, that’s before a recent spike in 30-year rates is expected to begin impacting closed loan volumes in late Q1 or early Q2. Still, by the end of March, another 2.8 million homeowners will have taken advantage of near-record-low rates to refinance their mortgages. It’s important to remember that this would be coupled with a 25% reduction from Q4 2020 in purchase loans as well, resulting in an overall 10% quarterly decline.

«With rates on the rise, refinance incentive has been significantly curtailed. Just under 13 million high-quality refinance candidates remain in the market — a nearly 30% drop in just the past three weeks. Added to that, retention of what is now a dwindling number of refinancing borrowers remains at record lows, with just 18% being retained by their servicers. Approximately 2.3 million borrowers were not retained in Q4 2020 alone. The current rate volatility serves to underscore the critical nature of both accurate and strategic pricing and advanced retention analytics to help identify borrowers who still have incentive and are out there transacting in the market.»

Drilling down into the latest retention data provides some interesting context. Rate/term refinances were retained at a significantly higher rate (23%) than those pulling cash out as part of the transaction (11%). Borrowers who took out their previous mortgage in 2019 continued to drive the largest volume of refinance originations (20%) and were also retained at one of the highest paces (24%). Those who took out their prior mortgage earlier in 2020 drove 8% of all Q4 2020 refinances, representing a large volume of early refinance activity. Among higher-credit quality rate/term GSE refinances, borrowers who left their servicer received more than an eighth of a percent lower rate than those who refinanced and remained with their current servicer. Much more detail can be found in Black Knight’s January 2021 Mortgage Monitor Report.

About the Mortgage Monitor
The Data & Analytics division of Black Knight manages the nation’s leading repository of loan-level residential mortgage data and performance information covering the majority of the overall market, including tens of millions of loans across the spectrum of credit products and more than 160 million historical records. The combined insight of the Black Knight HPI and Collateral Analytics’ home price and real estate data provides one of the most complete, accurate and timely measures of home prices available, covering 95% of U.S. residential properties down to the ZIP-code level. In addition, the company maintains one of the most robust public property records databases available, covering 99.9% of the U.S. population and households from more than 3,100 counties.

Black Knight’s research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for the monthly Mortgage Monitor Report. To review the full report, visit: https://www.blackknightinc.com/data-reports/

About Black Knight
Black Knight, Inc. (NYSE:BKI) is an award-winning software, data and analytics company that drives innovation in the mortgage lending and servicing and real estate industries, as well as the capital and secondary markets. Businesses leverage our robust, integrated solutions across the entire homeownership life cycle to help retain existing customers, gain new customers, mitigate risk and operate more effectively.

Our clients rely on our proven, comprehensive, scalable products and our unwavering commitment to delivering superior client support to achieve their strategic goals and better serving their customers. For more information on Black Knight, please visit www.blackknightinc.com/.

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SOURCE Black Knight, Inc.

SAN JUAN, Puerto Rico, March 8, 2021 /PRNewswire/ — The Chief Executive Officer of Surety One, Inc., Constantin Poindexter has this week transferred one quarter of one million frequent flier miles to the «AA Miles for Social Good» program. The benefit of the mileage package is spread among the program facilitator’s preferred charities which support humanitarian efforts, feeding the hungry and disaster response.

Said Poindexter, «I made this donation as part of my ongoing efforts to support organizations that contribute to the eradication of hunger, alleviate suffering due to poverty and promote the health of children. Financial contributions are the standard but I am always pondering novel ways to meet the specific needs of the more vulnerable members of my communities. These people need resources far more than I need a handful of flight upgrades.»

The American Airlines Social Good program reserves all rights to the disbursement of mileage gifts however there are three organizations that enjoy partner agreements with the social good project. Per AA, «The Red Cross prevents and relieves suffering through disaster relief, health services and blood donations. Feeding America is a nationwide network of 200 food banks and 60,000 food pantries and meal programs that provides food and services to those in need. UNICEF’s Change for Good program raises funds to benefit children around the world.»

Says Poindexter, «In my youth I was taught that ‘faith may be lost in sight, hope ends in fruition, but charity extends beyond the grave.’ I make a regular effort to incorporate this ideal in my daily life and remember that there are so many that don’t enjoy the many blessings that I do.»

Surety One, Inc. is an international insurance intermediary domiciled in Puerto Rico, licensed nationwide, in the U.S. Virgin Islands and the Dominican Republic.  For more information call (800) 373-2804 or email 304649@email4pr.com.

Website:  https://SuretyOne.com

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SOURCE Surety One, Inc.

NEW YORK, March 8, 2021 /PRNewswire/ — Some of them are well known and iconic, and others are lesser known, but all of the women highlighted in Little Giants: 10 Hispanic Women Who Made History fought for the rights of those who had no voice.

Author Raynelda A. Calderon, a native of the Dominican Republic, works as a public librarian. In the introduction to the book, Ms. Calderon describes her attempts to find a children’s anthology about the lives of notable Hispanic women who impacted Latin America. In finding nothing of the sort, she decided to take on the project of writing one herself.

Her desire for such a book to exist is twofold: firstly, to tell the largely untold stories of Latin American women without whom, she says in the book’s introduction, Latin America would not be the free and rich continent it is today; secondly, to inspire young readers to follow their passions and to never take «no» for an answer. The author describes Little Giants aim: «to motivate and inspire our children today to accomplish great things tomorrow, based on the example of role models of past and present.»

Included in this anthology are the stories of Cuban native Alicia Alonso, who beat the odds and overcame barriers to become a world-famous ballerina; Dolores Cacuango, an indigenous native of Ecuador who fought against the injustice and mistreatment of her people; and Elvia Carrillo Puerto, who secured women’s right to vote in Mexico. Little Giants also teaches children key Spanish definitions and suggested activities. Written for children aged eight to twelve, this book includes beautiful illustrations that help bring these inspiring women to life.

The book is available in hardcover and paperback. For more information you can visit www.cayenapress.org.

Media Contact:
Fatima Castillo
(347) 316-8757
304592@email4pr.com 

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SOURCE Raynelda A. Calderon

MADISON, Wis., March 8, 2021 /PRNewswire/ — Flux Mopeds is pleased to announce the launch of the Flux EM1 Street Pilot Program, another step towards making small electric vehicle transport more accessible to communities throughout the United States. The Street Pilot Program is a premiere referral program meant to build a network of like-minded individuals who want easy-to-use, sustainable transportation in their local neighborhood. Read the company’s latest blog post which details how Flux Mopeds determined that promoting the value of short distance transportation needs to come from within local communities here: https://www.fluxmopeds.com/standpoint/2021/3/1/why-we-developed-the-flux-em1-to-be-your-local-ride

Flux Mopeds produces small electric vehicles for short distance transportation. The Flux EM1 is the brand‘s flagship product, an electric moped designed to be Your Local Ride™. Its benefits include:

• Easy to ride, park and haul
• Low-maintenance and compact
• Fun performance
• Simplifies local short distance travel

After a lifetime of driving SUVs, Flux Mopeds co-founder and CEO Matt Brueggeman discovered the benefits of small electric vehicles while traveling abroad. He and his co-founders launched Flux Mopeds to provide people in the United States with an alternative transportation option.

«We believe that it doesn’t make sense to drive a 4,000-pound vehicle a mile to get a quart of milk. There is a better way. After 12 years of development, we’ve produced a reliable small electric vehicle that promotes independent, sustainable communities. The Flux EM1 offers the perfect balance of range, charge time, and speed for short distance transportation. To reach local audiences, we need to think locally. That‘s why we want to find like-minded individuals in neighborhoods nationwide who share our passion for a more sustainable and convenient society – and want to share that passion with their friends, family, neighbors, and coworkers.»

The Street Pilot Program marks a new milestone towards raising awareness about the advantages of Your Local Ride™ and making the Flux EM1 more accessible for all Americans. Individuals who join the referral program get $100 for each successful sales referral they make. Street Pilots work with Flux Mopeds to develop grassroots marketing efforts in their local communities. Flux Mopeds is targeting a diversity of locations across the country and seeking Street Pilots nationwide.

About Flux Mopeds
Flux Mopeds officially launched in 2014 with the goal of making short distance transportation in local communities more convenient and sustainable. The result is the Flux EM1, an electric moped that tops out at 38 mph and gets up to 50 miles per charge. The Flux EM1 is the ideal solution for Your Local Ride™. Flux Mopeds manufactures each product to order, which allows the company to retain its competitive pricing and independence. The company caters to clients across the United States, with a flagship dealership located in Madison, Wisconsin.

Contact:  Matt Brueggeman
Phone: 608-620-3589
Website: www.fluxmopeds.com 
Email: 304627@email4pr.com

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SOURCE Flux Mopeds

ALBANY, N.Y., March 8, 2021 /PRNewswire/ — Coronavirus outbreak has put businesses, communities, and consumers through economic woes, which has resulted in paper and packaging companies experiencing volatility in the market. The current period of financial turmoil is expected to reduce customer appetite for products, potentially disrupting the revenue and production in the global stone paper market. As a result, paper manufacturers should review their short- and long-term growth projections, as well as their assumptions, in order to weather business uncertainty.

Numerous factors influence the global stone paper market, including the surge in demand for the preventive measures of deforestation and environment friendly items in the packaging industry. Moreover, the global stone paper market is anticipated to grow rapidly in the near future due to a number of advantages associated with stone paper. In the forecast timeframe, rising demand from various key application sectors like self-adhesive paper, labelling, and packaging is observed to have a significant impact on overall growth opportunities for the market.

Investing more in research and development activities to create sophisticated production technologies utilizing calcium carbonate and other similar organic compounds is anticipated to be an important driver of market growth. In addition to that, increasing concerns about deforestation, as well as supportive rules encouraging the use of an alternative to traditional paper, are expected to drive up demand for the product.

Request for Covid-19 Impact Analysis on Stone Paper Market: https://www.transparencymarketresearch.com/Covid19.php

The global stone paper market is foreseen to develop at a growth rate of 6% CAGR over the forecast timeframe, from 2020 to 2030. Numerous factors may influence the global stone paper market, including the rise in demand for environment friendly items in the packaging industry and measures to prevent deforestation. In addition to that, the market is expected to grow rapidly in the near future due to several advantages linked with stone paper.

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Key Findings of Market Report

• Demand for Environment Friendly Products to Boost Market Growth

As a result of the adverse effects of climate change, green products have become increasingly common in stone paper companies. Taiwan-based Lung Meng Advanced Composite Materials Co., for example, has invested US$ 49.8 Mn in research and development activities to come up with green products such as shopping bags, notebooks, and cups. Stone paper manufacturers are attempting to follow environmentally friendly practises. To fight climate change, they are supporting the development of high-performance environment friendly items. As a result, waste marble is ground into a fine powder, which is then formed into pellets and then it is stretched and cut constantly. Stone paper products are presenting a significant threat to the sale of pulp-based products. These products are also attracting the attention of stakeholders in the decoration, marketing, and packaging industries owing to their low cost of production. All these factors are likely to boost growth of the global stone paper market in the years to come.

• Multiple Benefits of Stone Paper to Accelerate its Adoption in Packaging Industry

Stone paper is readily accepted by the expanding flexible packaging industry in FMCG and food and beverage packaging applications. Food producers choose stone paper because of its long-term sustainability and aesthetic qualities. To diversify their revenue sources, stone paper manufacturers are widening their supply chains so as to include side gussets, stand-up pouches, and heavy-duty containers. Stone paper’s sustainable and environmental friendly qualities aid in lessening manufacturing waste whilst also improving consumer satisfaction. Stone paper box pouches with digital printing are being utilized to help brands achieve market exposure. Such multiple uses are likely to work in favor of the global stone paper market over the analysis timeline, from 2020 to 2030.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/77762

Stone Paper Market: Growth Drivers

• Stone paper is mostly made up of recycled materials with a polyethylene binder. As such, it is a substance that is less harmful to the environment. Stone paper also comes with several other advantages, including high durability and resistance to flame.
• Stone paper is gaining rapid traction in paper and packaging applications owing to its special formulation, which provides outstanding oil resistance, water resistance, and tear resistance.
• In Europe, increased political pressure and rising customer consciousness about environment friendly good and services have resulted in the substitution of single-use plastic-based items with paper-based alternatives.

Global Stone Paper Market: Key Competitors

• Sphera International, Inc.
• Shenzhen Stone Paper New Materials Co., Ltd
• Taiwan Lung Meng Advanced Composite Materials Co., Ltd.
• Pishgaman Sanat Sabz
• TBM Co., Ltd

Global Stone Paper Market: Segmentation

Application

• Packaging and Decoration
• Industrial
• Printing
• Marketing and Advertising

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Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry,

Agricultural Micronutrients Market – https://www.transparencymarketresearch.com/agricultural-micronutrients-market.html

Sulfur Fertilizer Market – https://www.transparencymarketresearch.com/sulfur-fertilizer-market.html

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About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Mr. Rohit Bhisey
Transparency Market Research
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SOURCE Transparency Market Research

NEW YORK, March 8, 2021 /PRNewswire/ — Bloomberg today announced that the Bloomberg Short-Term Bank Yield Index (BSBY) is now available for use as a reference in financial benchmarks in the U.S. loan market.  BSBY includes both a term structure and systemic credit-sensitive spread, which may be used to support the market’s transition from LIBOR to risk-free rates, such as SOFR.  Bloomberg began publishing BSBY on an indicative basis for the purposes of illustration, analysis and collection of market feedback on October 15, 2020.

Over the six-month period during which BSBY was published on an indicative basis, Bloomberg received positive feedback on the sensitivity of the rate and robustness of the methodology from market participants, indicating that BSBY meets their needs as an alternative replacement rate.

«Now that BSBY is available for use in the U.S. loan market, we will continue exploring the introduction of products that may use BSBY as a benchmark,» said Steve Berkley, CEO of Bloomberg Index Services Limited (BISL). «We’re encouraged by the responses we’ve received from finanical institutions and corporations on this approach; in particular, that the availability of BSBY’s credit-sensitive rate is an important milestone in helping them move away from LIBOR and meet regulatory timelines.»

BSBY is available as a standalone rate and can also be used as a supplement to Term SOFR.  In addition to BSBY, Bloomberg provides an array of tools and complementary offerings to help market participants transition away from legacy IBORs, including calculating and publishing term and spread adjustments for the fallbacks that ISDA intends to implement for certain IBORs. 

«There is strong demand for a rate that has a term structure and credit component,» commented Peter Tchir, Head of Macro Strategies at Academy Securities. «BSBY is a big step toward incorporating traded rates across a variety of bank issuers to establish a realistic benchmark for transactions; the design fixes a lot of issues and makes it a compelling  alternative as clients prepare for LIBOR transition .»

BSBY will be calculated daily and published at 8 AM ET, using the prior day’s transaction data, on a T+1 basis.  The index can be accessed via the Bloomberg Terminal, and will be posted publicly on Bloomberg.com on a delayed basis.  The index is available for 5 tenors: overnight {BSBYON Index }, 1-month {BSBY1M Index }, 3-months {BSBY3M Index }, 6-months {BSBY6M Index } and 12-months {BSBY12M Index }.  Additional detail on the BSBY methodology can be accessed here.

Bloomberg is licensing BSBY for use as a financial benchmark via Bloomberg Index Services Limited (BISL), Bloomberg’s authorized benchmark administrator. In addition to BSBY, BISL administers the Bloomberg Barclays flagship family of fixed income indices, the Bloomberg Commodity Index (BCOM), and Bloomberg’s Global Equity Index family. BISL provides robust governance and oversight over its benchmark offerings, which will soon include a dedicated oversight function for BSBY composed of a balanced set of market stakeholders.

BSBY’s transaction-based inputs, robust construction and resilient methodology are designed to meet the high standards of both the BMR and the IOSCO principles for financial benchmarks (IOSCO Principles).  An independent assurance report for BSBY’s alignment with the IOSCO Principles will be made available when complete, and BSBY will soon be made available for licensing in additional jurisdictions, including the U.K. and the EU.  More information on BSBY licensing is available here.

About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.

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SOURCE Bloomberg

GWANGJU, South Korea, March 8, 2021 /PRNewswire/ — The landmark 2015 Paris Agreement resulted in multiple studies examining the impact of global temperature increases, but these rarely investigate the effect of warming on «fire weather» conditions. Now, in a new study, scientists have found that by projecting two different types of fire weather conditions, an additional half-degree of warming could drastically increase the likelihood and significance of blazes worldwide.

Under the 2015 Paris Agreement, the United Nations Framework Convention on Climate Change agreed to pursue efforts to limit the temperature increase to 2.0°C and, ideally, to 1.5°C, over preindustrial levels. However, even before that treaty was signed, scientists had already warned that those «best case» targets were unlikely to be achievable. Consequently, many fire weather studies are built with models that simulate much higher levels of climate warming.

Recently, researchers from South Korea, Japan, and the United States have found that by projecting the fire weather conditions under two mildly varying warming levels — one in which the global climate warms by 1.5℃ and the other by 2℃ — even just a half-degree of warming could significantly increase the likelihood and significance of wildfires.

«When it comes to the conditions that make wildfires more likely, a little bit of warming goes a long way,» explained lead author Rackhun Son, Ph.D. candidate at Gwangju Institute of Science and Technology (GIST), Korea, «but, of course, this is troubling, because it is quite unlikely that we will only be experiencing a little bit of warming.«

«Although it is reasonable to look at fire weather under more extreme circumstances, there is little sense in making goals without a good understanding of what might happen if you were to reach those goals,» said co-author Seung-Hee Kim of Chapman University, «so, we asked ‘what would happen if we did reach these goals? Would the fire weather conditions not become as severe?‘»

That answer is complex, but this study’s key finding is that just a half a degree of additional warming would likely create a notably greater danger of fire on the most widely inhabited continents, with dangers particularly concentrated in the Amazon rainforest and African savanna, and around the Mediterranean. «We also provided evidence that places like Australia and Indonesia are likely to reach peak levels of fire susceptibility even before we reach that lower threshold,» said co-author Simon Wang of Utah State University.

The study does provide a silver lining of hope to this cloud of danger. Commenting on the implications of their findings, Dr. Wang comments, «If we were somehow able to suppress this extra half a degree of warming, we could reduce climate-driven extreme fire activities in many places, potentially saving many lives and billions of dollars.»

Their research has been published in the journal Environmental Research Letters.

Reference
Title of original paper: Changes in fire weather climatology under 1.5°C and 2.0°C warming
Journal: Environmental Research Letters
DOI: 10.1088/1748-9326/abe675

About Gwangju Institute of Science and Technology (GIST)
Website: http://www.gist.ac.kr/

About the author

Jinho Yoon is Associate Professor of Earth Sciences and Environmental Engineering at GIST. His group focuses on understanding and predicting weather-climate extremes under climate change. Prof. Yoon’s group is also analyzing aerosol-cloud-precipitation interactions to understand the distribution and characteristics of clouds. Before coming to GIST, he was a scientist (level 3) at Pacific Northwest National Laboratory. In 2004, Prof. Yoon received a PhD in Atmospheric Sciences from Iowa State University.

Contact:
Nayeong Lee
82 62 715 2114
304637@email4pr.com

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SOURCE Gwangju Institute of Science and Technology

SEATTLE, March 8, 2021 /PRNewswire/ — (NASDAQ: RDFN) — A homebuyer would lose $23,250 in spending power with a mortgage rate of 3.25% versus a 2.75% rate, where they were sitting earlier this year, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. At a 3.25% interest rate, a homebuyer can afford a $506,000 home for $2,500 per month, down from the $529,250 they could afford on the same budget with a 2.75% rate. To put it another way, the monthly payment on a $506,000 home would rise $110 with the higher mortgage rate, from $2,390 to $2,500.

Interest rates started to rise in mid-February after 30-year fixed mortgage rates reached a record low of 2.65% in the beginning of January, a continuation of five months of sub-3% rates as the Fed worked to stimulate the economy during the pandemic-driven recession. Partly as a result of record-low rates, home prices rose a near-record 14% year over year in January. The average mortgage rate hit 3.02% in the week ending March 4—the first time it has risen above 3% in seven months—and is likely to continue to increase, at least slightly, as the economy recovers.

Growth in the number of homes that have gone under contract has started to slow in recent weeks, but it’s too early to tell whether the trend is a result of winter storms, a shortage of homes for sale, or rising mortgage rates or whether the trend is likely to continue into spring or not.

«If the $1.9 trillion economic stimulus package that’s set to provide cash relief to Americans and get people back to work is successful, interest rates are likely to inch back up to pre-pandemic levels of about 3.5%. That would alter the dynamics of the housing market, though it wouldn’t necessarily put a damper on it,» said Redfin Chief Economist Daryl Fairweather. «The financial relief coming to families earning less than $150,000 will give more of them the desire and means to buy a home. That will result in more demand for affordable homes. That’s different from what we’re seeing now, which is a housing market driven by wealthy people purchasing relatively expensive homes. Higher mortgage rates will also make buyers more price conscious and less likely to bid 10% or more over asking, so we could see some of the intense competition slow down.»

Forty-four percent of respondents to a recent Redfin survey said mortgage rates rising above 3.5% would have no impact on their homebuying plans, while 10% would cancel their plans to buy a home.

«The small increase in mortgage rates has had zero impact on buyers so far,» said Seattle Redfin agent Ben Stanfield. «Rates are still historically low and they’re still keeping buyers in the market. Even though rates are creeping up, they’re not increasing nearly as quickly as home prices. If you can buy, it’s a good idea to buy now before homes become even more expensive.»

With a 3.25% interest rate, 68.4% of homes nationwide that were for sale any time between January 26 and February 25 were affordable on a $2,500 monthly budget. With a 2.75% rate, 70.1% of homes were affordable on that budget.

«Over the next few months, it will be important to keep an eye on inflation,» Fairweather said. «Inflation has the potential to change every aspect of homebuyers’ finances: It could change earnings, change budgets and change mortgage rates.»

Buyers have fewer options with a 3.25% interest rate in every metro—especially Denver, Sacramento and Riverside

With a 3.25% interest rate, 52.5% of homes for sale in Denver between January 26 and February 25 were affordable on a $2,500 monthly budget, versus 56.3% with a 2.75% rate. In Sacramento, 47% of homes for sale were affordable with a 3.25% rate, versus 50.6% with a 2.75% rate. The 3.7 percentage-point difference in each of those places is bigger than any other metro. Next comes Riverside, CA, with a 3.4 percentage-point difference (57.3% versus 60.7%).

Birmingham, Cleveland and Detroit each have just a 0.4 percentage-point difference in the share of homes affordable with the two different interest rates. In Birmingham, 87.3% of homes for sale were affordable on a $2,500 monthly budget with a 3.25% rate, just slightly fewer than 87.7% with a 2.75% rate. In Cleveland it’s 92% versus 92.4%, and in Detroit it’s 92.9% versus 93.3%.

 

To read the full report, including methodology and an interactive chart that shows how much a homebuyer can afford to spend at different mortgage interest rates, please visit: https://www.redfin.com/news/rising-mortgage-rates-decrease-purchasing-power

About Redfin
Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer’s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we also run the country’s #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 95 markets in the United States and Canada. Since our launch in 2006, we have saved our customers nearly $1 billion and we’ve helped them buy or sell more than 310,000 homes worth more than $152 billion.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email press@redfin.com. To view Redfin’s press center, click here.

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SOURCE Redfin

PORTLAND, Ore., March 8, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Solar Farm Market by Type (Utility-scale, Distributed Generation, Microgrids, and Others) and End User Industry (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global solar farm industry generated $61.4 billion in 2019, and is estimated to generate $261.0 billion by 2027, witnessing a CAGR of 19.8% from 2020 to 2027.

Prime determinants of growth

Supportive government regulations for usage of photovoltaic technology drive the global solar farm market. However, high cost associated with installation hinders the market growth. Contrarily, increase in demand for renewable energy presents new opportunities in the coming years.

Download Sample PDF (284 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/10607

Covid-19 Scenario

• Manufacturing activities for solar farms have been stopped due to the lockdown imposed in many countries. In addition, raw material shortage has occurred.
• China is the major supplier of solar panels across the world and the stoppage of production activity in the country impacted the global market, especially the U.S and South-East Asia.
• Owing to economic uncertainty caused because of prolonged pandemic, some solar farm projects have been postponed or canceled.

The utility-scale segment to maintain its lead position throughout the forecast period

Based on type, the utility-scale segment contributed to around half of the global solar farm market in 2019, and is expected to maintain its lead position throughout the forecast period. This is due to surge in investments in grid expansion and integration technologies such as storage and UV connectivity. However, the distributed generation segment is projected to witness the highest CAGR of 20.3% from 2020 to 2027.

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The commercial segment to maintain its leadership status by 2027

Based on end-use industry, the commercial segment held the highest market share in 2019, accounting for around three-fifths of the global solar power plant market in 2019, and is expected to maintain its leadership status by 2027. Moreover, this segment is projected to portray the fastest CAGR of 20.3% from 2020 to 2027. This is due to increase in economies around the world, rise in urbanization, and adoption of solar energy by commercial buildings such as offices, malls, airports, and others to decrease the carbon footprint. The research also analyzes the industrial segment.

Asia-Pacific, followed by North America, to maintain its dominant position by 2027

Based on region, Asia-Pacific, followed by North America, accounted for the largest market share in 2019, contributing to more than two-thirds of the global solar farm market, and is expected to maintain its dominant position in terms of revenue by 2027. This is due to increase in government initiatives that raise the demand for PV energy and distribution of solar lighting systems in rural areas. However, Europe is expected to grow at the fastest CAGR of 21.1% from 2020 to 2027, owing to rise in production of solar energy, increase in construction activities that led to installation of BIPV systems to generate electricity, and implementation of stringent environmental regulations to reduce carbon emission.

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Leading market players

• Trina Solar
• Sharp Corporation
• TATA Power Solar Systems Ltd.
• First Solar, Inc.
• BrightSource Energy, Inc.
• Shenzhen Topray Solar Co. Ltd.
• JA Solar Holdings Co. Ltd.

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