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Housing Market Snapshot: Why Is Foreign Investment Declining?

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago August 6, 2020 1,233 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Foreign Investment global investment National Association of Realtors About Author: Andy Beth Miller Home / Daily Dose / Housing Market Snapshot: Why Is Foreign Investment Declining? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Andy Beth Miller is an experienced freelance editor and writer. Her main focus is travel writing, and when she is not typing away from her computer at her home in the Hawaiian Islands, she is regularly roaming the world as a digital nomad, and loving every minute of it. She has been published in myriad online and print magazines, is a fan of all things outdoors, and finds life (and all of its business, technological, and cultural facets) fascinating in their constant evolution. She is excited to spectate as the world changes, and have a job that allows her to bring a detailed account of those constant shifts to her readers at home and abroad. Sign up for DS News Daily Previous: Customer Experience: Listen, Experiment & Measure Next: Carson Announces HUD Will Resume Physical Inspectionscenter_img Housing Market Snapshot: Why Is Foreign Investment Declining? The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share 1Save The Best Markets For Residential Property Investors 2 days ago Foreign Investment global investment National Association of Realtors 2020-08-06 Christina Hughes Babb The National Association of Realtors (NAR) recently released results from a survey, which showed America experienced a 5% decrease in annual foreign investment in home sales. According to survey data, foreign buyers invested $74 billion in the direct purchase of existing homes during the year spanning April 2019 through March 2020. This represents a 5% fall from one year ago and also marks the second year in a row that there was a decline in foreign investment in United States residential real estate. NAR Chief Economist Lawrence Yun commented on the decline, citing possible factors attributing to it: “Foreign buyers and recent immigrants have become less of a force in the United States housing market over the last couple of years. A lack of housing inventory–the primary factor hindering domestic buyers–is also holding back some foreign buyers. Additionally, less cross-border travel, falling international trade and fewer foreign students attending American universities are impacting foreign homebuyers.”Other statistics highlighted in NAR’s report included the fact that China and Canada ranked among the top two spenders in America’s residential sales dollar volume, posting $11.5 billion and $9.5 billion, respectively. This duo has managed to maintain these top positions since 2013.  Fast on China and Canada’s heels were Mexico ($5.8 billion), India ($5.4 billion), and Colombia ($1.3 billion). Among these top five spenders, China was the only one that spent less than the year prior (down from $13.4 billion last year to $11.5 billion this year). The major “upset” within this group was Columbia, which ousted the United Kingdom from its previous fifth place roost. Yun also shared his predictions for what to expect in the coming days: “In the upcoming year, better opportunities may become available for foreign buyers in large cities like New York and San Francisco. New patterns of domestic migration are trending away from expensive cities to more affordable suburbs and small communities because of the pandemic and greater work-from-home possibilities.”  Subscribelast_img read more

Dell EMC PowerStore Metro Node Enables Automated Business Continuity

first_imgIn the data era, information needs to be always available. This is reflected worldwide by regulations requiring synchronous data mirroring to prevent outages and critical data loss. Most institutions now require a business continuity plan in addition to a disaster recovery plan for IT that provides “continuous availability” to keep business application data intact and current after a site or data center outage. In addition, few companies today can sustain 24-hour data center operations, so many IT business continuity plans now require automatically initiated site failover in case of an outage to further reduce the possibility of critical data loss. Play VideoPlayMuteCurrent Time 0:00/Duration Time 1:31Loaded: 0%Progress: 0%Stream TypeLIVERemaining Time -1:31 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedDE ES FR IT JP KO BR CN Subtitlescaptions settings, opens captions settings dialogcaptions off, selectedDE ES FR IT JP KO BR CN Captionsen (Main), selectedAudio TrackFullscreenThis is a modal window.Caption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDoneClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Introducing Dell EMC PowerStore metro nodeWith that in mind, Dell Technologies is introducing Dell EMC metro node, purpose built to address these business continuity challenges. Unlike some industry active-passive solutions, metro node provides true active-active metro configurations by allowing simultaneous writes at both sites and supports Recovery Point Objective (RPO) and Recover Time Objective (RTO) equal to zero. Zero RPO means there’s an expectation for zero data loss. Zero RTO means the time to recover is zero time or immediately. In addition, PowerStore metro node is designed to automatically initiate an instant site failover through its unique virtual machine (VM) witness technology.Why is metro replication important to business continuity?Only metro synchronous replication, which includes fully mirrored storage systems with an active-active configuration, can provide RPO and RTO equal to zero. You can implement PowerStore metro node with the full confidence that your data will always be available and accessible within metro Round Trip Time (RTT) boundaries of less than 10 milliseconds.“The PowerStore metro node was fully capable of synchronizing our workloads across two separate PowerStore arrays while delivering superior performance,” said Bryan Peroutka, Technical Solutions Architect at World Wide Technology. “It features a very quick, responsive and easy to navigate interface and it’s very space efficient, only adding an additional 2U to our PowerStore footprint. It’s an ideal addition to any company’s business continuity strategy.”Key benefits of metro nodeVolume/LUN level granularityAllows the replication of specific LUNs for application level granularity, significantly reducing TCO and improving flexibility by giving you the choice of which workloads to replicate.Non-disruptive addition of consistency groupsSupports consistency group add/delete operations without disruption. This provides operational flexibility with zero downtime and means you can add or remove volumes to consistency groups without breaking the replication.Multi-Platform SupportEnables replication between different Dell EMC array types.Avoid degradation to array performanceMetro node replication has zero performance impact on the storage array.No additional host softwareIt’s self-contained and does not require any software to be deployed on the hosts or a host reboot.Provides multiple capabilities and configurationsIn addition to synchronous metro replication, PowerStore metro node can also support local configurations for continuous application availability, data mobility to non-disruptively relocate workloads and enables storage technology refresh without application downtime.Compact form factor with high performanceThe PowerStore metro node cluster is comprised of two 1U units which support 32Gb/s Fibre Channel.Learn more about the PowerStore family of all-flash data storage appliances.last_img read more

Iran neighbors impose travel bans as coronavirus toll rises

first_imgIran’s confirmed death toll from the new coronavirus rose to eight on Sunday, the highest outside China, sending neighbouring countries scrambling to contain the outbreak.Four immediate neighbours of the Islamic republic — Turkey, Pakistan, Afghanistan and Armenia — said on Sunday they would close land borders, while three imposed restrictions on air traffic, amid growing regional concerns about the spread of the virus.Iraqi and Kuwaiti authorities have already banned travel to and from Iran. Lebanon has confirmed its first case — a 45-year-old Lebanese woman who had travelled from Qom in Iran — and Israel on Sunday quarantined at home nearly 200 school pupils who came into contact with South Korean tourists who contracted the virus. Iran reported three more novel coronavirus deaths Sunday among 15 new cases in the past 24 hours, taking its total number of fatalities to eight and infections to 43.Four new COVID-19 cases surfaced in Tehran, seven in the holy city of Qom, two in Gilan and one each in Markazi and Tonekabon, health ministry spokesman Kianoush Jahanpour said.Authorities have ordered the closure of schools, universities and other educational centres in 14 provinces across the country as a “preventive measure”. Art events, concerts and film shows have been banned for a week.”We are on the frontlines, we need help,” the head of Qom’s medical sciences university, Mohammadreza Ghadir, said on state television. ‘Major implications’ “To prevent the spread of the novel #coronavirus and protect the public, Afghanistan suspends all passenger movement (air and ground) to and from Iran,” the office of the National Security Council of Afghanistan tweeted.A provincial official in Pakistan and the nation’s Frontier Corps, for their part, confirmed the country had sealed the land border with Iran.Both Afghanistan and Pakistan share long, porous borders with Iran that are often used by smugglers and human traffickers, while millions of Afghan refugees live in the Islamic republic — raising fears that the virus could easily spread over the border.Turkey said it would “temporarily” close its land border with Iran, while air traffic from Iran would be halted but departures to the country continue.Late on Sunday, Armenia’s Prime Minister Nikol Pachinian announced his country was both suspending flights and entry via the sole land border checkpoint with Iran. China — the epicentre of the outbreak — reported another 97 deaths in its daily update Sunday, taking its total to 2,442, plus 648 new infections.Nearly 80,000 people have been infected worldwide, the vast majority in China.But official figures indicate the death rate is proportionately much higher in Iran than China, standing at nearly one in five of the confirmed infections.Iran’s Health Minister Saeed Namaki said the treatment of COVID-19 cases would be free.”In every city, one hospital will be dedicated to treating coronavirus cases,” he said, adding that this number would be greater in bigger cities like Tehran.But academics expressed concern over the ability of Iran — currently grappling with a major economic crisis and hit by swingeing US sanctions — to contain the outbreak. “It is unlikely that Iran will have the resources and facilities to adequately identify cases and adequately manage them if case numbers are large,” said Paul Hunter, a medical professor at Britain’s University of East Anglia.He also noted that the region was already grappling with multiple conflicts.”During armed conflicts, borders between countries become porous… and health care facilities are often targeted and destroyed,” he said.Other regional countries on Sunday also took major precautionary measures to counter the virus potentially spreading from Iran.Jordan said it would bar entry to citizens of China, Iran and South Korea and other foreigners travelling from those countries.The Kuwait Port Authority, meanwhile, announced a ban on the entry of all ships from the Islamic republic.Topics :last_img read more