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By Real Estate Advisor

Modest median price gains in new and existing homes, a stable interest rate on the 30-year fixed mortgage, decreased housing starts and a stable unemployment rate are some of the features of the 2007 housing forecast provided by major trade group economists as reported by The Inman News.

NAR chief economist David Lereah expects new-home sales to fall from 1.07 million units sold in 2006 to 975,000 units in 2007, which is an 8.7% decline. He cites decreased new home construction as a large contributing factor to this change. The median new home price of $238,400 in 2006 is expected to increase by 1.3 percent to $241,400 in 2007.

NAR also predicts that existing home sales figures for 2006 to end around 6.47 million units, which is an 8.6% decline from 2005. The 2007 forecast for existing home sales is 6.43 million units. The median price of existing homes in 2006 was $223,700 and is expected to increase 1.7% to $227,500 in 2007.

[youtube]http://www.youtube.com/watch?v=traGKwKz93k[/youtube]

Doug Duncan, chief economist for the Mortgage Bankers Association predicts the interest rates on 30-year fixed mortgages to stay around 6.5 percent, but mortgage originations to fall 14% to $2.1 trillion.

While Lereah predicts that the unemployment rate to stay at 4.7 percent, Duncan takes it higher and believes it may reach 5.2 percent by midyear 2007. However, he concurs with Lereah in predicting modest home price gains in new and existing homes for the coming year.

The housing forecast of The National Association of Home Builders (NAHB) is in line with NAR and the Mortgage Bankers Association. According to David Seiders, Chief Economist at NAHB, the year 2007 will see the housing market re-adjust itself once the housing demand stabilizes, leading to a healthy balance between supply and demand.

Looking at the state level, the California Association of Realtors (CAR) projects that the median price of California homes will end 2006 around $560,700, and will decline in 2007 to $550,000 — a 1.7% drop. The number of units sold in California will end 2006 around 481,200, and is projected to decrease 447,500 in 2007. CAR predicts that the unemployment rate will stay around 5.1 percent, although interest rates on the 30-year fixed mortgage may hover around 6.7 percent in 2007.

The overall housing forecast for 2007 made by these four major real estate trade groups is not at all bad. Home buyers and investors planning to go ahead with their real estate activities can fare better with the help of a good real estate agent.

About the Author: San Diego HomesScripps Ranch Real EstateTierrasanta Homes

Source: isnare.com

Permanent Link: isnare.com/?aid=113287&ca=Real+Estate

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Canada’s Don Valley West (Ward 26) city council candidates speak
This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley West (Ward 26). Four candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Muhammad Alam, Bahar Aminvaziri, Orhan Aybars, Michele Carroll-Smith, Mohamed Dhanani, Abdul Ingar, Geoff Kettel, Debbie Lechter, Natalie Maniates, John Masterson, John Parker, David Thomas, Csaba Vegh, and Fred Williams.

For more information on the election, read Toronto municipal election, 2006.

Contents

  • 1 Geoff Kettel
  • 2 Natalie Maniates
  • 3 John Parker
  • 4 Csaba Vegh
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Ukraine opposition candidate Yushchenko is suffering from a Dioxin intoxication, doctors say

Saturday, December 11, 2004

VIENNA –Doctors from the Rudolfinerhaus clinic in Vienna say “there is no doubt” Ukrainian opposition leader Victor Yushchenko was poisoned with Dioxin.

Yushchenko’s body had about 1,000 times more than the normal concentration of the toxin. It is unknown if there were any other poisons in his system.

Although it has not yet been proven that the poisoning was deliberate, doctors suspect it was. “We suspect a cause triggered by a third party,” said Michael Zimpfer, head doctor at the Rudolfinerhaus clinic. He suggested the poison may have been administered orally, through food or drink.

Today’s announcements are a follow-up of an earlier press conference, where Dr. Korpan that there were three hypotheses under consideration, one of them involving dioxin. He did not reveal what the other two hypotheses were. Dr. Michael Zimpfer, director of the Rudolfinerhaus clinic emphasized that time there was no proof yet to specify the substance causing the illness.

Yushchenko left Kiev on Friday (2004-10-12) for further examination in Vienna. When Yushchenko fell ill on October 6th, Ukrainian doctors had initially diagnosed food poisoning, leading to speculation that he had been poisoned deliberately. The illness has disfigured Yushchenko’s body and face which doctors say could take up to two years to heal.

He fell seriously ill on the September 6th, during his presidential campaign. Yushchenko was taken to the Rudolfinerhaus clinic of Vienna, where he stayed for four days under Dr. Korpan’s care. He was diagnosed with “acute pancreatitis, accompanied by interstitial edematous changes.” These symptoms were said to be due to “a serious viral infection and chemical substances which are not normally found in food products” as his campaign officials put it. In laymans terms, he developed an infection in the pancreas and got a bad skin condition that disfigured his face with cysts and lesions. The skin condition has similarities with the chloracne associated with dioxin posioning according to a British toxicologist John Henry.

Earlier, doctor Nikolai Korpan of Rudolfinerhaus clinic confirmed today that the illness of Ukrainian presidential candidate Viktor Yushchenko was caused by an attempt to kill him.

  • Ukraine political crisis – Wikinews’ special coverage portal

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FDA issues proposed rules requiring calorie content on menus

Sunday, April 3, 2011

The US Food and Drug Administration (FDA) has issued proposed calorie labeling rules requiring most retail food vendors to display the calorie counts in items on their menus and menu boards. The proposed rules, issued Friday and expected to be finalized in 2012, would apply to most restaurants, snack bars, vending machines, coffee shops, drive-through restaurants, and convenience and grocery stores.

The US Congress required the rules in the health-care reform law passed in 2010. The rules proposed by the FDA must undergo a public comment period before they are finalized and take effect, said Michael R. Taylor, Deputy Director for Foods at the FDA.

The proposed regulations pertain to businesses devoting more than 50 percent of their floor space to the sale of food or that consider themselves restaurants, specifically food-selling chains with at least 20 stores nationally. Included are candy stores, bakeries, and ice-cream parlors.

The FDA’s proposed guidelines specify that chains post the calorie counts of foods and drinks on menus and menu boards or next to the food item, such as at a salad bar. The menu is to prominently exhibit the calorie content of each item in a way customers can see easily, giving them the same information packaged foods prepared at home currently provide. The information must be displayed in “clear and conspicuous” print and colors.

Giving consumers clear nutritional information makes it easier for them to choose healthier options that can help fight obesity and make us all healthier.

Many cities and states have passed laws requiring calorie labeling on menus, beginning with New York City in 2008. California implemented a similar law in January, although many counties are waiting for the release of the federal guidelines before they begin enforcement. Some fast-food chains there, such as McDonald’s and Starbucks, are displaying calorie counts on menus in some of their stores.

The rules are intended to curb the national obesity epidemic since, according to FDA estimates, one third of the calories people consume yearly come from food eaten out. In a statement issued yesterday, Kathleen Sebelius, Secretary of Health and Human Services said, “Giving consumers clear nutritional information makes it easier for them to choose healthier options that can help fight obesity and make us all healthier.”

Excluded from the rules are businesses whose primary product is not food sales but that sell it, such as bowling alleys, airports and airplanes, amusement parks, hotels and movie theaters. Alcohol is also excluded.

Locally designed, low emissions car launched in Qatar

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Locally designed, low emissions car launched in Qatar
Author:

19 Jul

Friday, November 30, 2012

Qatari non-profit organization Gulf Organization for Research and Development (GORD) launched a low emissions car at the 2012 United Nations Climate Change Conference (COP 18) in Doha. The car was designed and developed in Qatar.

Revealed during a press conference at the Qatar National Convention Centre, the car in addition to an internal combustion engine, includes an automotive thermoelectric generator designed to capture waste heat to produce hydrogen. GORD expects the heat waste collecting system to be compatible with any gasoline or compressed natural gas car.

GORD chairman Dr Al-Horr summarised the key concepts of the invention in a statement saying, “Our car produces electricity at no cost by capturing thermal waste energy, reducing costs and eliminating the need for an external source of electricity. Also, bulky compressed-hydrogen cylinders are a thing of the past, as our concept accomplishes the production of hydrogen by using water through fuel cells integrated within the car.”

Most of the energy in Qatari vehicle comes from the the car’s gasoline tank, supplemented by a thin film photo-voltaic panel on the roof. Normally in a combustion engine, chemical energy stored in a fuel, such as gasoline, is converted into heat energy through combustion. This heat energy is then converted into mechanical energy, manifested as an increase in pressure in the combustion chamber due to the kinetic energy of the combustion gases. The kinetic energy of these combustion gases are then converted into work; because of the inefficiencies in converting chemical energy into useful work, internal combustion engines have a theoretical maximum effiecincy of 37% (with what is achievable in day to day applications being about half of this). Of the chemical energy in the consumed fuel used by an internal combustion engine 40% is dissipated as waste heat. However, the Qatari vehicle uses a thermoelectric generator to convert this waste heat into electricity. Such generators are used in space vehicles, and produce electricity when thermoelectric materials are subjected to a temperature gradient, the greater the gradient the greater the amount of electrcity produced. In the GORD vehicle the electricity produced is used to electrolyse potable water to produce hydrogen which can be introduced into the vehicle’s existing fuel system.

The researchers showed that the heat waste collection engine caused a decrease in the car’s emissions, including a decrease of carbon monoxide and nitrous oxide emissions by more than 50%, the fuel efficiency increasing by 20%. On its website, GORD said that the heat waste collector engine is universal, “Any car can be adapted to accommodate the system as it doesn’t alter any electro-mechanical systems”.

New Jersey files lawsuit against federal sports betting ban

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New Jersey files lawsuit against federal sports betting ban
Author:

19 Jul

Wednesday, March 25, 2009

A New Jersey state senator has filed a lawsuit seeking to overturn a federal law banning sports betting in 46 states.

State Sen. Raymond Lesniak, a Democrat representing portions of Union County, filed the suit Monday, arguing the 17-year-old law is unconstitutional because it treats four states differently than the other states.

Under the law, sports betting is prohibited in all states except Delaware, Oregon, Montana and Nevada, although only the latter two currently allow wagering.

“This federal law deprives the State of New Jersey of over $100 million of yearly revenues, as well as depriving our casinos, racetracks and Internet operators of over $500 million in gross income,” Lesniak said in a statement to the press.

The 39-page lawsuit is believed to be the first challenge to the Professional and Amateur Sports Protection Act of 1992. New Jersey missed a 1994 deadline that would have allowed it to join the other states when the law was implemented.

Atlantic City officials and their political allies have argued allowing sports betting would give all the states a new source of revenue needed in the face of a staggering recession.

New Jersey Governor Jon Corzine was not involved with the lawsuit, but he said legalizing sports betting would help Atlantic City and said it was “worth pursuing”.

Legalizing sports betting in New Jersey could bring the state more than $50 million in annual tax revenue, according to officials from the Interactive Media Entertainment & Gaming Inc., a Washington, D.C.-based consultant for the electronic gaming industry, which joined Lesniak as a plaintiff in the lawsuit.

“This is about more than revenue,” said Joe Brennan Jr., chairman of Interactive Media Entertainment. “It’s about jobs and economic activity.”According to 1999 study, $380 billion in illegal sports betting occurs in the state each year.

New Jersey, in particular, is facing a difficult budget season, and the Atlantic City casinos are in what the Associated Press called a “financial meltdown”. Eleven of the city’s casinos suffered their biggest revenue decline in 30 years last month.

Delaware is reported to be considering regulating sports betting, which New Jersey backers of the lawsuit said adds a sense of urgency to the issue.

“We cannot afford to be naive about illegal sports betting,” New Jersey State Sen. Jeff Van Drew said in a statement to the press. “It’s happening right now, and is funding other criminal enterprises which are far more dangerous.”

The New Jersey Thoroughbred Horsemen’s Association, the Thoroughbred Breeders Association of New Jersey and the Standardbred Breeders & Owners Association of New Jersey were also listed as plaintiffs in the lawsuit.

How Solar Power Electricity Works}

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How Solar Power Electricity Works

by

Christopher Lollini

With the rising cost of electricity many homeowners are looking for alternative ways to generate the power they require, and lower their energy bills each month as a result. Home solar power systems are a great alternative energy solution for anyone looking for a clean and efficient system to provide the power their home requires. Modern solar power electricity systems are less expensive and more efficient than ever before and provide a near perfect alternative energy solution that can help you lower or even eliminate your monthly electricity bill by using nothing more than simple sunlight for fuel.

More Flexible and Less ExpensiveThese modern solar power electricity systems have seen dramatic improvements in recent years and are more flexible than ever before and less expensive as well. Because of this, many homeowners are installing one of these home solar power systems and dramatically reducing the amount of power they need to pay for each month. In addition to the savings, they can also feel good about using an alternative energy solution on their homes that is helping to eliminate the pollution associated with traditional power generation methods such as coal or oil.How It WorksThe way a typical solar power electricity system works is fairly straightforward and only requires a few components to provide your home with free power from the sun. It all starts with the solar panels that do the actual conversion of sunlight to electricity. They are able to perform this conversion through the use of photovoltaic solar cells that can generate a small current when exposed to sunlight. Each panel is a collection of these solar cells that have been connected together to provide a good bit of power as a complete panel. The power these solar panels produce is direct current (DC), which needs to be converted to alternating current (AC) before it can be used by the home.Current ConversionThe conversion of the DC current supplied by the solar panels to AC current that can be used by the home is done by a device called an inverter. The inverter is typically a large device that is located near the electrical panel of the home. The inverter has a few responsibilities in a solar power system and the conversion of power is one of them. Another thing the inverter does is supply this converted power directly to the home for use. It is typically connected between the solar power electricity system, the home and the local power utility. It has the ability to switch the home between the power being supplied by the solar power system during the day and the local utility for power in the evenings. Spinning Your Meter BackwardsThe inverter is also in charge of directing any excess power your system generates during the day that is not being used by the home, back up the power lines to the local utility. The idea is to generate more power than you are using when the solar power electricity system is active and send the surplus to the local utility. This excess power will generate a credit for your home that can be used in the evenings to offset the cost of power you need to purchase when your system is dormant. If your solar power system is sized correctly, this back and forth trading of power should cancel each other out and you’ll be left without a utility bill each month. In some areas you can even be paid for any excess power you generate beyond your home’s needs!

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North American roads suffer from dramatic thaws and freezes

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North American roads suffer from dramatic thaws and freezes
Author:

19 Jul

Monday, January 8, 2007

Major city roads across North America are suffering from an early surge in potholes due to the dramatic freezes and thaws this month, some several feet across and inches deep. The potholes are caused by water seeping into cracks during warm weather, and pushing concrete apart when it freezes. Traffic erodes chunks of concrete from the cracks to form holes that continuously grow larger.

While car repair shops are experiencing a boom in business, city budgets are being hit with the costs of patching potholes. Thierry Larivée, an infrastructure spokesman in Montréal, Canada, says about 20 pothole patrols are working throughout the city. They are expected to continue work until at least Friday.

Craig Bryson, spokesman for the Road Commission for Oakland County in Michigan, United States, reports problems on unpaved roads as well. “The warmer weather is also playing havoc with gravel roads; the top layer of dirt thaws, but remains frozen about 10 inches below the surface. Surface water has no place to go. This creates a rutted, soupy road, especially in low-lying areas.”

Environment Canada meteorologist René Héroux attributes the unseasonable thaw to warm winds from the southwest. Environment Canada predicts a new cold front on Thursday.

Posted deadlines for Christmas delivery

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Posted deadlines for Christmas delivery
Author:

19 Jul

Wednesday, December 21, 2005

In the United States of America and other parts of the word, as Christmas and the holidays draw near, shippers have released information on shipping deadlines. Remember to always clearly label and address your holiday packages.

68 pieces of luggage found behind Texas pet store

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68 pieces of luggage found behind Texas pet store
Author:

19 Jul

Wednesday, December 27, 2006

At least 68 different pieces of luggage has been found behind a pet store inside a garbage dumpster in Houston, Texas. The luggage came from several different international flights and authorities do not know how they got there or if the contents of the luggage have been stolen.

“We’re going to be investigating and the authorities are going to be investigating,” said spokeswoman for Continental Airlines, Mary Clark. All luggage was handed over to Continental Airlines.

The luggage is reported to have been sifted through, and most pieces have come from all over the world. The luggage is reported to have come from Bush Intercontinental Airport. Some pieces of the luggage have name tags and Clark states that “we’re trying to reach whoever we need to let them know the bags are there.”

Officers with the Houston Police Department are in charge of the investigation. The luggage was found by individuals who own the pet store.

The FBI has stated that the bags do not pose any danger.