Pending home sales decline for third straight month

first_imgMessage* U.S. pending home sales declined for the third consecutive month. (iStock) A measure of pending home sales declined for the third consecutive month, as prices rise and inventory shrinks.The National Association of Realtors’ pending home sales index declined 2.6 percent in November from the previous month. That represents a much steeper decline than October’s, when pending home sales ticked down 1.1 percent from the previous month. The monthly index tracks contract signings and closings for existing single-family homes, condos and co-ops. Closings usually occur within a month or two of the contract signing.Read morePending home sales fall again as prices continue to riseOffice apartment REITs get shot in the arm from vaccine newsHome prices hit fastest growth in six years Despite the consecutive months of decline, contract signings remain elevated compared to the previous year. Contract signings were up 16.4 percent year over year in November — an all-time record.Lawrence Yun, NAR’s chief economist, attributed the monthly decline in pending home sales to a shortage of available homes and rising prices. “It is important to keep in mind that the current sales and prices are far stronger than a year ago,” Yun said.The median home price reached an all-time high in July, exceeding $300,000, as workers, untethered from their offices, hunted for digs with more space for remote working and virtual school. An S&P index which tracks home prices in major metropolitan areas showed prices were up 8.4 percent year over year in October — a growth rate not seen for more than six years.With more buyers on the market, the supply of homes has also dwindled. Homes under $100,000 were the hardest to come by in November, with 38 percent fewer on the market compared to 2019. By comparison, the supply of homes priced at more than $1 million were down only 1.4 percent year over year.In 2021, Yun predicted that mortgage rates will rise slightly, to 3 percent from the current 2.7 percent, due to government borrowing.But with the vaccine and a congressional relief package on the way, Yun anticipates the new year will also bring a 10 percent rise in sales of existing homes and a 20 percent rise in new home sales.Contact Georgia Kromrei Email Address* Full Name*center_img Tagscase-shiller national home price indexHousing MarketNational Association of Realtors Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinklast_img read more

Associate Professor

first_imgDivision: Physical Medicine & Rehabilitation (80001018)Department: Physical Medicine & Rehabilitation (90002108)Employment Duration: Full-timeSummaryThe H. Ben Taub Department of Physical Medicine &Rehabilitation is seeking a skilled Associate Professor/M.D.This position includes a major commitment to inpatient services atBaylor St. Luke’s CHI Medical Center Hospital and outpatientservices at BSLMC McNair Campus.Job Responsibilities:Provide Inpatient bed service and consults at BSLMC &Additional clinics at McNair for Neuromuscular and SpasticitypatientsJob Qualifications:Required Education: Applicants must have an MD or MD/PhD degree,board certified/board eligible in Physical Medicine andRehabilitation and maintain a valid Texas Medical License.Candidate must be eligible to obtain hospital privileges at BCMaffiliated facilities.Baylor College of Medicine is an Equal Opportunity/AffirmativeAction/Equal Access Employer.671CA; CHlast_img read more

Beach Replenishment Update: Phase 2 Complete at St. David’s Place

first_imgThe end of the line for Phase 2 of the south end beach replenishment project between 47th and 48th streets in Ocean City, NJ. Beach replenishment work gets a foothold at 55th Street by late on Tuesday, May 12.Check OCNJ Daily for updates and photos of the progress of work of the Ocean City beach replenishment project for 2015 in the south end of Ocean City between 36th and 59th Streets. DATE: Tuesday, May 12PROGRESS: Work on the second phase of the south end beach replenishment project is now complete at St. David’s Place (between 47th and 48th streets). Operations have shifted to a feeder pipeline at 55th Street, and by dusk on Tuesday, an accumulation of new sand surrounded the pipeline. From there, sand-pumping will progress northward to where the project left off at St. David’s. The second phase had originally been announced as 42nd Street to 49th Street. Crews on Tuesday were removing sections of pipeline from the beach between 42nd Street and 47th Street.WHAT’S NEXT: The project will proceed from 55th Street to St. David’s Place (mid-May to mid-June), then from 55th to 59th (mid-June to mid-July). These southern blocks will require more work to rebuild and repair dunes.READ MORE: Ocean City NJ Beach Replenishment 2015 Daily UpdateFOR DAILY UPDATES by E-MAIL: Sign up for freelast_img read more

Press release: Increased fees for criminal defence advocates

first_img Criminal defence advocates play a crucial role in upholding the rule of law, and it is vital that their pay adequately reflects the work they do in a fair and sustainable way. We have acted on the views we have heard during our engagement with the Bar and will increase spending on criminal advocates’ fees by £8 million, bringing the total increase to £23 million. Alongside this, we are looking at how we can best enable people to resolve their problems in a modern justice system and are spending £1bn to modernise and reform our courts and tribunals system. This will make it more straightforward, accessible, and provide better value for the taxpayer. government publishes response to AGFS consultation spending on fees to increase by £23 million money to be targeted at junior advocates The government is committed to working closely with the legal professions to ensure that criminal defence advocacy is fit for the modern age and open to all.The revised scheme will be reviewed after 18 months.Notes to editors Announcing the move, Lord Chancellor David Gauke also today (24 November 2018) committed to bring forward a 1% increase on all fees to come into effect alongside the new scheme.The announcement follows a consultation on proposals to increase spending on the revised Advocates Graduated Fee Scheme (AGFS) by £15 million, announced in August.After carefully considering the responses, the government will now spend an additional £8 million, bringing the total increase to £23 million. The money will be specifically targeted at junior advocates to support continued investment in the profession.Lord Chancellor, David Gauke said: the scheme will come into effect via an SI, scheduled to be laid in December the projected increase is based on overall spend on the Advocates Graduated Fee Scheme in 2016 to 2017last_img read more

STUDY: Strict Parents Create Picky Eaters

first_imgCropped Photo: Ivan Radic / CC BY 2.0JAMESTOWN – If you’re frustrated with your child’s picky eating, becoming the food police only makes it worse.According to a new study in the Journal Pediatrics, demanding that children eat certain foods, or punishing them by restricting foods, does not help.Instead, the children become even pickier about what they eat.The authors explain that eating is one of the few things kids have control over. Pediatricians recommend that you do not demand that children clean their plates or reward them with dessert. Children do best when introduced to new foods earlier in life.The experts say some children are just wired to be picky eaters. Parents are encouraged to try to make meal time fun and take the pressure off about what kids need to eat.One of the best practices for parents dealing with picky eaters is to expose children to the food multiple times.One other positive from the study, picky eaters typically do not have problems with weight gain or body mass index.If you are at a loss about feeding your kids, there’s no shame in reaching out to a pediatrician or nutritionist for more advice.The study followed parents and their children for five years. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

Watch Patti LuPone Belt with Gavin Creel & Kinda-Sorta Tap Dance in Latest Family Video!

first_img View Comments Patti LuPone Patti LuPone’s been busy lately—dumping ice on herself at the beach, performing ALL THE TIME at 54 Below, etc. And a little over a year ago, the Tony winner crossed the pond to perform at the Leicester Square Theatre with Seth Rudetsky. Her son, Josh Johnston, had the cameras rolling as she belted on stage with some familiar faces (including fellow Olivier winner Gavin Creel!) and off stage as she ran around in curlers. Because if anyone can pull off that look and still be fabulous, it’s Ms. LuPone. Check out the latest installment of Entrances, Exits, and Everything in Between with Patti LuPone below! Gavin Creel Star Fileslast_img

At the Supreme Court’s request: Bar to study the need for unbundled legal services

first_img June 1, 2000 Associate Editor Regular News At the Supreme Court’s request: Bar to study the need for unbundled legal services At the Supreme Court’s request center_img Bar to study the need for unbundled legal services Mark D. Killian Associate Editor Facing an ever-increasing number of pro se litigants in family courts, the Supreme Court has asked the Bar to study the possible need for “unbundled legal services.”If the committee finds the need exists for unbundled legal services, Chief Justice Major B. Harding, in an administrative order, asked the Bar to submit a proposed rule amendment to facilitate the use of such services no later than March 1, 2001.“This is a very significant committee that will be investigating an important subject to most attorneys,” said Bar President Edith Osman, noting any changes could have a profound impact on lawyers who bill by the hour.The unbundling of legal services — also sometimes known as discrete task representation — would allow the client to select which activities will be performed by the lawyer and which will be performed by the client, if they are performed at all. The client may also specify the extent of each service the lawyer is to perform.Osman said the study committee also must investigate how unbundled legal services might transcend family law or if it can be limited to family practice. That, she said, is why she intends to appoint lawyers who practice in the areas of real property and commercial litigation as well as members of the family bar to the study committee.“The purpose of unbundling legal service is to provide greater access to the legal system to more people,” Osman said. “For example, middle class clients could obtain a lawyer for just those parts of a case they are concerned about.”Family Law Section Chair Ky Koch said limited representation in a divorce case could be as simple as helping decide who gets to keep the cat or as complex as handling child custody matters while the couple works out the financial split, or the lawyer drafts a qualified domestic relations order and the divorcing couple handles the of rest the case.Looking into unbundled services responds to the proliferation of pro se litigants in family cases, particularly divorce, and the Bar needs to consider unbundled legal services to accommodate the needs of people who use the system, Koch said.“Pro se litigants are a majority of our customers in the divorce arena and we have to be responsive to them,” Koch said. “What we have been faced with is how do we respond to that need, both to the people who don’t have lawyers and to make sure that legal rights and representation are provided when needed.”Looking at the pro se problems is a balancing act, he said.“We can’t go into this with the sole perspective of protecting lawyers’ pocketbooks, but we have got to also recognize that things are changing within the family law division and we have to meet those needs,” Koch said.As it now stands, Koch said, providing limited representation is not precluded by Bar rules, “it is simply that there are all kinds of problems related to it.”Is it ethical for a lawyer to involve himself or herself only in a limited portion of a case? From a legal malpractice perspective, what is the response from the insurance carrier about limited representation? Will judges permit lawyers to take part in one aspect of a case and not another?“Most judges take the position, and I think reasonably so, that if you are on this case, you are on this case,” Koch said. “It is not like you are kind of pregnant — you are either on or off.”Bar Ethics Counsel Elizabeth Tarbert said the Supreme Court has generally declined to adopt rules that apply only to lawyers in a specific practice area. In 1969, Tarbert said, the court rejected a rule intended to govern the conduct of in-house counsel for insurance companies. More recently, Tarbert said, the court declined to adopt a rule that would address the conduct of family law practitioners.“Specifically, the court said `the petitioners have not demonstrated that there is a need to treat those members of the Bar who practice family law differently than other members of the Bar,’” Tarbert said, citing Amendment to Rules Regulating the Florida Bar — Rule 4-1.18, Client-Lawyer Relationships in Family Law Matters, 662 So. 2d 1246 (Fla. 1995).Tarbert said the Professional Ethics Committee has followed the court’s general precept. As an example, the panel published Florida Ethics Opinion 90-4, which indicated the rule prohibiting communication with represented persons applies to Department of Justice attorneys when the DOJ argued otherwise.“Florida was at the vanguard of states that declared that DOJ attorneys could not just try to exempt themselves from state rules,” Tarbert said.Tarbert said there is now only one rule approved by the Supreme Court which specifically addresses one type of practitioner — Rule 4-3.8, Special Responsibilities of a Prosecutor, which deals with the conduct of prosecutors in criminal cases.Colorado’s new limited representation rules went into effect last July.“Colorado lawyers and judges supported the idea that some lawyer help to pro se parties is better than none,” Colorado Supreme Court Chief Justice Mary Mullarkey told that state’s Judicial Conference last year.“The rules are meant to achieve candor to the court and to allow citizens to obtain legal services without having to hire an attorney for the entire litigation or go without.”The rules require a pro se party to disclose on the pleading the name of the attorney who assisted in drafting the pleading. An attorney must advise the pro se party of that requirement and also to explain the risk involved in obtaining limited representation in contrast to full representation in litigation. Under the revised civil rules, limited representation by an attorney does not constitute an entry of appearance, and the court and opposing parties are not required to serve the assisting attorney.The Colorado rules also provide:The attorney/client privilege applies to limited representation as it does to full representation under the ethical rules.The appearance of the attorney’s name on the pro se pleading is not the occasion for other parties or the court to question the assisting attorney regarding the case or the actions of the pro se party.The rules do not contemplate the opposing party questioning the pro se party about the preparation of the pleading or inquiring into or discovering the attorney’s versus the client’s own drafts of the pleading.If the matter of sanctions should arise because the client did not disclose the name of the attorney, or the attorney did not advise the client to make the disclosure, the matter should be handled by the court apart from the merits of the pro se party’s case and include confidential in-camera treatment of papers, conversations or other matters that implicate the attorney/client privilege.“Whether these rules will function as intended depends on the willingness of bench and bar to have them work,” Justice Mullarkey said.Koch noted Arizona also has similar unbundled legal services rules; however, it is difficult to compare the Arizona and Colorado experiences to Florida because Arizona’s rules differ sharply from Florida’s, and Colorado’s rules have been in place for less than two years.“In Arizona when pro se litigants come in, they have people at a desk that answer questions, and if there is a feature of their case these pro se litigants need assistance with they have a list of lawyers who will assist them — on an unbundled basis — as to particular topics,” Koch said, noting, too, that Arizona has no UPL rules.Anyone interested in serving on the committee or providing comments to the panel may contact The Florida Bar, Office of the Executive Director, 651 E. Jefferson Street, Tallahassee 32399-2300.last_img

Art. V glitch bill finalized

first_imgArt. V glitch bill finalized Art. V glitch bill finalized Gary Blankenship Senior Editor A bill outlining how the state will pay for more of the trial court system — and that gives counties some enhanced abilities to raise revenues for court functions — cleared the Florida Legislature in its closing days.SB 2962 was passed by the Senate on April 28 and concurred in by the House on April 29. The “glitch bill” addressed problems with HB 113A, (Ch. 2003-402, Laws of Florida) passed last year, to govern the funding shift mandated by Revision 7 to Art. V, the constitutional amendment approved by voters in 1998.“We are satisfied that the glitch bill has those things that are important to the courts, in both the House and Senate version,” said Sixth Circuit Judge Susan Schaeffer, chair of the Trial Court Budget Commission, the day before the Senate gave final approval. “Unless something disastrous happens, I’m expecting a very satisfactory bill from the legislature.”“I think that they did a really good job on the glitch bill,” added State Courts Administrator Lisa Goodner. “It’s an extremely complicated issue that they had to contend with. It touched on so many different parts of the statutes and so many operational issues for the clerks, the courts, the state attorneys, and the public defenders. They did a good job in addressing everyone’s concerns as they came up.”Sen. Rod Smith, D-Gainesville, chair of the Appropriations Subcommittee on Article V Implementation and Judiciary, explained the bill on the Senate floor and said the final version addressed many of the financial concerns of counties.It requires the counties to impose an extra $65 in costs on many criminal cases with that money going for legal aid, law libraries, juvenile justice programs including teen courts, and for a court innovation fund controlled by the circuit chief judges. It also adds a $4 per page increase to court clerks’ recording fee. The clerks will get $2, the state attorneys and public defenders $.50 each, and the counties $1 with the money used for court technology.That provision, Smith said, will raise the recording fee for the typical three-page document from $15 to $27, and bring in about $104 million annually just for technology improvements.Counties can also tack on $15 to traffic cases. Smith said that will provide money for Miami-Dade, Hillsborough, and Bay counties that had pledged filing and fee revenues — now taken over by the state — to repay bonds sold to build court facilities.Counties with no bonds to repay can use that assessment to raise money for court facilities, still a county obligation under Revision 7, Smith said. Pro Hac Vice Fee Of interest to The Florida Bar, the bill also imposes a $100 fee on out-of-state attorneys when they appear pro hac vice in Florida. The Bar, in proposed rule changes on multijurisdictional practice pending at the Supreme Court, has proposed collecting a $250 fee from those out-of-state lawyers.The bill also requires counties to provide office space for the guardian ad litem program. Smith, in response to a question on the Senate floor, said the legislature is increasing the $20 million guardian ad litem budget by $1 million statewide, plus another $400,000 to continue an Orange County program.Overall, Smith said while the legislature is hitting counties with a $90 million expense from another bill by requiring them to pay for juvenile detention centers, they will save or have the ability to raise far more than that from SB 2962.He also said the bill had the approval of the Florida Association of Counties, which had expressed reservations about earlier drafts. FAC officials said those versions left the counties with too much of the bills for the court system and without resources to pay for them. Compromises The final bill had compromises between initial House and Senate positions. For example, the Senate had agreed counties could contract with state attorneys and public defenders to handle criminal violations of local ordinances. The House initial bill set the reimbursement rate at $60 an hour, an amount the counties called too high. The final bill allows the contracts with reimbursement up to $50 per hour.The $65 add-on cost for criminal cases for legal aid, law libraries, and other uses was also a compromise. The Senate originally set a $150 figure, while the House wanted $50.Kent Spuhler, executive director of Florida Legal Services, said the surcharge will be applied to approximately one million criminal cases handled by the courts each year, but he said projections are that the $65 new fee will be collected on mostly the 800,000 misdemeanor and criminal traffic cases. In reality, no one is exactly sure how much will be raised, he said.“We really don’t know,” he said. “There were wildly different estimates floating around in the legislature.”The bill requires that if counties don’t raise as much from the new fee for legal aid as they did with filing fees, then they must make up the difference from other revenues. Spuhler said it also requires counties that did not have local legal aid programs supported by filing fees to impose the new charge, with the split for legal aid.“Each county is going to have to pass an ordinance enacting that provision,” he said, adding he’s not sure of the total fiscal impact other than each county will now be contributing to local legal aid programs. “There’s potential there; how much is realistic, we don’t know. We’ll work with counties in getting ordinances in place and do what we can to make the system work.”John Ricco, of the Florida Association of Counties, said the Senate estimate was that the $65 fee would raise $33 million statewide, with the legal aid portion coming in at $7.5 to $8.2 million. Legal aid officials have said they get about $8 million from filing fee surcharges now.While the association had criticized early drafts of the legislation, “Overall, we’re relatively pleased with the bill; it’s a good product,” Ricco said. “A number of our concerns were not resolved in the manner in which we initially proposed, but the legislature made concessions and attempted to address them in other fashions.”He said counties still do not believe they are responsible for information technology costs for the courts. But with the legislature increasing the recording fee and providing a revenue stream, counties can manage. The problem, Ricco said, can be while the statewide total for the recording fee looks like enough to address needs, the income can vary from county to county and some might have a shortfall.Schaeffer said the glitch bill was the result of hard work not only by the Trial Court Budget Commission, but by legislators who were continually willing to listen.“The main authors of the glitch bill were Sen. Rod Smith (D-Gainesville) and Rep. Holly Benson (R-Pensacola),” the judge said. “Both of these legislators deserve tremendous credit for coming up with a bill that serves the courts’ needs.“We had requested many amendments to their original drafts and found them both to be very willing to listen to the courts’ needs and make necessary changes.”Goodner, the state courts administrator, noted that in a sense the passage of HB 113A and SB 2962 are the prologues for the transfers demanded by Revision 7. Starting July 1, the state will take over from the counties or be hiring 1,253.5 positions, plus dealing with a completely revamped fiscal system.“I’m looking forward to getting through the first month (July),” Goodner said, “that we know all our people got on the payroll, that all of the contracts are up and running, that everything is running.“It’s going to be a rough couple of months to move this thing across. The budget was a huge deal and a large part of it, but you can’t imagine the number of implementation questions we are trying to address every day.” May 15, 2004 Senior Editor Regular Newslast_img read more

No rate hike expected as FOMC begins two-day policy meeting

first_img continue reading » The Federal Open Market Committee (FOMC), the Federal Reserve’s monetary policy-setting arm, begins a two-day meeting today, which is not expected to end with a rate hike.The committee last raised the federal funds target rate to the current range of 2.25 to 2.5 percent at the end of its December meeting, the fourth rate hike of 2018.Following its March meeting, the committee indicated that the current range is expected to remain the same in 2019 and that only one rate hike will be in made in the next two years. NAFCU Chief Economist and Vice President of Research Curt Long, has previously predicted that the likelihood of an interest rate hike in 2019 is minimal. In addition, most economists agree that the Fed will hold at the current rate through 2020, according to a new Bloomberg survey. The Federal Reservecenter_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Istra Inspirit opens the eighth season of storytelling

first_img“All performances of Istra Inspirit are free of charge thanks to the project partners who again this year recognized the importance of cultural and adventure tourism and gave confidence to Istra Inspirit as its partner to revive history, myths and legends in order to create additional offerings.. ” stand out from IRTA. Through the interactive Istra Inspirit experience, Pićan will once again revive a unique legend from late antiquity that will take locals and visitors back to the 6th century when the Pićan diocese was founded under the leadership of St. Nicephorus. The entire experience, directed by Petra B. Blašković and performed by professional actors Istra Inspirita and extras from Pićan, will be completed by a carefully designed scenography of the old town of Pićan, which will evoke the miraculous journey of St. Nicephorus to Rome. By the way, the representatives of the local community who participated in creating the concept of this event from the very beginning, gave their selfless contribution to the revival of the legend this year, as well as the Association of Drinks “Trnoplesari” whose annual assembly is held on that day. RELATED NEWS: Istra Inspirit will, during the main tourist season, stage over 30 experiences, and of which they stand out in particular interpretive walks – for the first time this season Dvigrad Tour in Dvigrad (11.07., 8.08., 21.08.) And Casanova Tour in Vrsar (05.06., 11.06., 25.06., 9.07., 23.07., 6.08., 20.08., 10.09., 23.10. .), performances as part of the festival – Poreč Open Air (14.07., 21.07., 28.07., 4.08., 11.08., 18.08., 25.08., 1.09.), Rabac Open Air (27.07., 3.08., 10.08.), Malin Festa in Medulin (5.08. ., 12.08., 19.08.), Stari samnja in Vrsar (16.06., 8.09.) And individual experiences – Crispo at the archeological site Vižula in Medulin (July 18.07) and Vodnjan Stories 5, on the occasion of marking the Day of the City of Vodnjan (August 9.08). center_img Istra Inspirit is implemented within the Istrian Development Tourist Agency, with the support of the Administrative Department for Tourism of the Istrian County and the Tourist Board of the Istrian County and other project partners. On Saturday, June 1, 2019, at 20 pm, as part of the Petivina event in Pićan, the ‘Legend of the Trnoplers’ will be held – Istra Inspirit, with the experience of which the new season of the multi-award winning cultural-adventure project officially begins. eighth year in a row, it revives the history, legends and myths of the Istrian peninsula and creates an additional tourist offer at the destination.last_img read more