September 2, 2015Welcome to the August 27. 2015 workshop participants.from left: Michael Rosati II [seminar week]Laura Villa Baroncelli from France [seminar week]Ryan David Erica Qualizza from Italy [seminar week]Felipe Fierro from ColumbiaNick Skinner [scholarship][photo by Sue Kirsch]
Freddie Mac Home Prices Housing Starts 2019-08-01 Mike Albanese in Daily Dose, Data, Featured, Government, News, Origination Freddie Mac’s latest housing market forecast reveals the combination of record-low mortgage rates and the anticipation of the Fed’s decreasing interest rates has caused a spike in purchase and refinance mortgage applications.The GSE added that it expects record-low mortgage rates and a “thriving labor market” to sustain the housing market for the next 18 months. The average mortgage rate has been below 4% since May. “The lasting impact of trade tensions will have some visible impact on second and third quarter GDP growth in 2019,” Freddie Mac stated. “Without the short-term effects of tax cuts and fiscal stimulus we experienced in 2018, we forecast growth of 2.1% for full year 2019, decelerating to 1.8% in 2020.”Freddie Mac also said it expects consumer prices to rise 2.4% in Q3 2019, despite gas and fuel prices declining and slow wage growth. The consumer price growth forecast remained unchanged at 2.1% for 2019, but will dip to 2% in 2020.“Despite fears of economic slowdown, the U.S. labor market stands firm and continues to beat expectations,” The GSE said. “Specifically, historically low jobless claims, high payroll growth, and the low unemployment rate continue to reaffirm our forecast for a strong labor market. There has not been much change in workers’ willingness to switch jobs, and businesses are holding on to their current workforce in a tight labor market.”The report also states that Freddie Mac lowered its unemployment rate forecast to 3.7% for both 2019 and 2020.Also included in the report was Freddie Mac’s notion that strong homebuilder confidence and lower mortgage rates will help housing starts and home sales recover from their slump in 2018. Freddie Mac anticipates housing starts to be 1.26 million in 2019, then rising to 1.34 million in 2020.Home sales are forecast for 6 million for the remained of 2019, before rising to 6.12 million in 2020. Prices are anticipated to increase 3.4% in 2019 and then drop to 2.6% next year. Freddie Mac also said the volume of mortgage originations have responded to lower mortgage rates, and is a trend it expects to continue. The refinance share of originations is expected to grow to 34% in 2019, before decreasing slightly to 28% in 2020. The total annual mortgage origination is forecast to be 1.8 trillion in 2019 and 1.7 trillion in 2020. 22 hours ago 100 Views Report: Falling Mortgage Rates Impacting Housing Market Share
Michael RasmussenOver-the-top video and TV services company Xstream has upped chief financial officer Michael Rasmussen to CEO.Rasmussen takes over from Simon Høgsbro who left the Copenhagen-based company earlier this year to take up a director of platform and innovation role at Microsoft.Rasmussen first joined Xstream in 2015, prior to which he spent 16 years in a variety of general management and CFO roles at Ericsson in both the US and Europe.“Xstream is already a major player in the VOD market and our forward roadmap is now to broaden our presence and work with many of the new entrants offering over-the-top (OTT) TV and video services to consumers,” said Rasmussen.
HBO Nordic and Turner EMEA have joined forces to create Toonix, a kids-focused OTT service.Toonix is a new brand Turner EMEA has created for the 3-12s market.The service brings together Time Warner-owned sister companies HBO and Turner. Leading Turner execs are known to have been keen on closer cooperation for some years.Toonix will offer existing HBO Nordic SVOD customers more than 2,000 episodes at launch, with all shows ad-free and localised in Swedish, Danish, Norwegian and Finnish.The content will come from Turner’s Cartoon Network Studios, Warner Bros. Animation and third party distributors.Turner shows will include The Amazing World of Gumball, Lego Ninjago, Looney Tunes, The Powerpuff Girls, Adventure Time, Ben 10, Scooby-Doo and Tom and Jerry.Preschool shows Shaun the Sheep, Alfie Atkins, My Little Pony, Pippi Longstocking, Bamse, Rasmus Klump and The Moomins are among the third party acquisitions, along with live-action series such as Dance Academy and family movies such as Arthur and the Mimimoys and Mr. Magorium’s Wonder Emporium.“At Turner we are constantly seeking new ways to engage with our fans, building on our leadership in premium content creation across kids, news, movies, general entertainment and sports, and expanding our options to curate and distribute our branded content,” said Giorgio Stock, president of Turner EMEA.“We’re delighted to be partnering with HBO Nordic to start this flagship kids and family focused OTT venture, which represents a significant and exciting newmilestone in our ability to provide our fans with a trusted, bespoke, rich and immersive user offering.”“Thanks to our cooperation with Turner, we are very pleased that we can now offer our subscribers in Sweden, Denmark, Norway and Finland a brand-new kids and family section,” said Hervé Payan, CEO of HBO Europe, whose operation houses HBO Nordic.He added that HBO Nordic now “provides subscribers a complete selection of the best premium content of series and films for the entire family”.HBO has operated an SVOD service in the Nordics since 2012 and last year expanded into Spain, while Turner has been experimenting with OTT offers such as the sports-focused US service it announced in August.