Sign up for DS News Daily in Daily Dose, Featured, Journal, News Previous: Mortgage Management Company Recovco Creates COO Position Next: Metros Most Vulnerable to COVID-19’s Fallout Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Growth Found in SFR Market Servicers Navigate the Post-Pandemic World 2 days ago Print This Post The Best Markets For Residential Property Investors 2 days ago April 21, 2021 906 Views Related Articles Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: 2021 Single-Family Rental Summit (SFRS) Affordability CoreLogic Molly Boesel Single-Family Rent Index (SFRI) Share 3Save CoreLogic’s latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas, has found that in February 2021, there was a national rent increase of 3.9% year-over-year, up from a 3% year-over-year increase in February 2020.“While single-family rent increases overall were above the pre-pandemic rate in February, renters are not experiencing recovery the same across the board,” said Molly Boesel, principal economist at CoreLogic. “As vaccine eligibility opens up more widely and businesses continue to open their doors in response, we may see a balance of recovery.”As families continue to seek out more space and face housing affordability concerns, high demand and low rental supply inventory has led to rising rental prices nationwide.According to CoreLogic, after growing approximately 3% annually since mid-2018, rent growth slowed in the spring of 2020, but bounced back in three of the four tiers to exceed the pre-pandemic growth rate beginning in October 2020.However, rent price growth of the low-price tier continues to trail high-priced rentals, resulting in uneven U.S. job recovery, often referred to as a “K-shaped recovery.” Rent growth in the low-price tier remains below pre-pandemic levels, as the recession continues to disproportionately affect lower-wage workers.For the analysis, CoreLogic examined four tiers of rental prices. National single-family rent growth across the four tiers, and the year-over-year changes, were as follows:Lower-priced (75% or less than the regional median): 2.9%, down from 3.7% in February 2020Lower-middle priced (75% to 100% of the regional median): 3.4%, up from 3.1% in February 2020Higher-middle priced (100% to 125% of the regional median): 3.9%, up from 2.8% in February 2020Higher-priced (125% or more than the regional median): 4.4%, up from 2.7% in February 2020Regionally, Tucson, Arizona had the highest year-over-year increase in single-family rents in February 2021 at 11.2%. Phoenix had the second-highest rent price growth with a gain of 11.1%, followed by Atlanta at 8.1%. Conversely, Boston had an annual decline of 8.9% in rent prices and experienced the largest decrease in all analyzed metros’ rent prices for seven consecutive months. Chicago also posted an annual rent decrease of 2.9% in February 2021 year-over-year. Rent prices of detached rentals in Chicago increased by 4.2% in February 2021, while attached rentals decreased by 4.8%, demonstrating a demand to gain more living space.Delving deeper into the SFR market, on Wednesday, May 12, the Five Star Institute will present its 2021 Single-Family Rental Summit (SFRS) at The Four Seasons Resort and Club Dallas at Las Colinas. The in-person event brings together top subject matter experts and skilled SFR practitioners who will lead discussion panels and training sessions that will answer questions and offer viable solutions related to property acquisition and management, financing, strategies for small, midcap, and large investors, and new developments related to technology and professional services.More information about the agenda, registration, and other event details are available here. Servicers Navigate the Post-Pandemic World 2 days ago Growth Found in SFR Market Subscribe 2021 Single-Family Rental Summit (SFRS) Affordability CoreLogic Molly Boesel Single-Family Rent Index (SFRI) 2021-04-21 Eric C. Peck About Author: Eric C. Peck Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago
The Huskies proved Friday night who the Humboldt-Del Norte League belongs to.For the second straight year the Fortuna boys basketball team captured the Dick Niclai Memorial Tournament championship, and for the second straight year the Huskies did so in dominating fashion, beating the Del Norte Warriors for the third time this season, this time by a 78-66 margin Friday night at Lumberjack Arena.“It’s just an amazing feeling,” Fortuna head coach Tony Miles said. “Like I’ve said many times, this …
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The synthesizer revolutionized music in the 1980s. Since then, TV and film have effectively used the instrument to instantly create nostalgic connections in their soundtracks. Let’s take a look at some of the most notable throughout TV and film history.Cover image via ShutterstockThe history of synthesized music can be traced back to the late 19th century, but it wasn’t until American inventor Robert Moog’s breakthrough in voltage-controlled oscillation combined with amplification and a keyboard that we first heard the familiar sounds of a voltage-controlled synthesizer in the 1960s.It would take another couple of decades of technological innovations until the Minimoog Model D would be mass-manufactured and released to fully assimilate the synth sound into mainstream music and culture.Once the technology became available to musicians everywhere, it didn’t take long for the sound to make its way into television and film. While there are a few notable experimentations in the decades before, the first wave of synth music didn’t hit until the late 1970s and ran heavily in the 1980s. Since then, the sound has come in and out of popularity, but has remained consistent in the aural aesthetic which connects it with the era it first rose to prominence. Without further ado, here are some of the best synth soundtracks throughout recent history.Apocalypse Now (1979)While Francis Ford Coppola’s Vietnam classic will always be remembered for “the horrors” of its production and Marlon Brando’s Heart of Darkness ramblings, the Moog-heavy soundtrack is often overlooked despite the dark and sporadic soundscape it creates throughout.Francis Ford Coppola’s father, Carmine Coppola (an accomplished flautist and composer who won an Oscar for scoring The Godfather), worked with Coppola throughout the chaotic production to create a new synthesized sound in the style of experimental Japanese synthesist Isao Tomita.The overall product became a hybrid soundtrack heavy on Moog dynamics and punctuated by the aptly named closing track by The Doors, “The End.” Knight Rider (1982)By 1982, synth soundtracks were all the rage, being heavily used in notable big-screen soundtracks like Blade Runner, The Fog and American Gigolo. However, as the revolution continued, mainstream television began to pick up on and capitalize on the trend.Perhaps no television soundtrack is more recognizable (and notably synth) than the opening theme song to Knight Rider, which features a pulsing synth backdrop to the show’s techy-and-cool style.Manhunter (1986)As the synthesizer continued to become more popular, other models outside of the Moog began to work their way into film and TV. For Michael Mann’s 1986 feature hit Manhunter, composer Michel Rubini began to use polyphonic synthesized sounds through sampling systems like the Synclavier II which could create rich chords and layers behind other instruments and solo synths. The Manhunter soundtrack would go on to be one of the most most highly praised soundtracks of the 80s and cited as a soundtrack which “dominated the film.”Twin Peaks (1990)Unlike the 80s, the 90s were not as unapologetically synth obsessed in their soundtracks. However, as a show set squarely up against the end of the 80s and beginning of the 90s, Twin Peaks fittingly evokes an innocent nostalgia for the former decade with its soft synth theme song and character odes.Here’s a great excerpt from the Twin Peaks documentary Secrets from Another Place in which composer Angelo Badalamenti talks through how David Lynch helped him create the haunting “Laura Palmer’s Theme” song which hangs heavy throughout the mysterious series.The Virgin Suicides (1999)Like the 90s, the 2000s had mostly moved on from the now-retro synth sound except for occasional period pieces and thematic recalls. Arguably one of the best examples of how synth music can work within a film to provide nostalgia and a bygone aesthetic is in the soundtrack to Sofia Coppola’s film adaptation of The Virgin Suicides.Like her father and grandfather before her, Coppola’s use of music inside her film is a huge element of the story. The soundtrack, composed by the band Air, would rely heavily on late 70s music and sounds and would introduce a new wave of synth-undertoned music into the 21st century.Drive (2011)If there ever were a film to be driven by its soundtrack, Nicolas Winding Refn’s 2011 breakout hit, Drive, would have to be it. The film, sparse on dialogue and long on slow scenes and city night driving montages, relies heavily on its highly praised 80s-inspired synth soundtrack to lull the audience into a nostalgic trance.The film’s mostly synth soundtrack, composed by Cliff Martinez, went on to place as a top-selling album on the Billboard 200 charts and featured career-launching tracks by Kavinsky, Desire, and Chromatics (along with Martinez himself).Halt and Catch Fire (2014)Set against the very 80s backdrop of the personalized computer revolution, AMC’s acclaimed Halt and Catch Fire is a textbook example of how synthesizer music can help instantly create setting and scene for a story hinging on its own distinct cultural identity.The show’s composer, Paul Haslinger, was a member of the perennial synth soundtrack band Tangerine Dream (which itself wrote and recorded over sixty synth-fueled soundtracks in their 70s and 80s heyday). Inverse has a great interview and some AMC behind-the-scenes videos on the show’s highly detailed attempts to create 80’s authenticity in their production and soundtrack.Stranger Things (2016)While the Netflix-exclusive smash hit Stranger Things has taken the internet by storm in terms of popularity and influx of 80s homage articles and breakdowns, the show’s nostalgic pastiche of all things 1980s would not be complete without the pounding (and at times, overbearing) synth soundtrack and theme song.A fitting culmination of 30-plus years of synthesized soundtrack evolution, the show’s cultural-phenomenon status has cemented synth music, and specifically the Moog synthesizer, as the musical touchstone of 80s nostalgia. If you’re looking to hop onto the train and create some 80s nostalgic magic in one of your next projects, check out our selection of royalty-free 80s Synth Music. Or, if you have any other classic synth soundtracks to share, let us know in the comments.
One of our biggest calls this year is paying off… In early August, E.B. Tucker, editor of The Casey Report, told subscribers how to profit from the world’s oversupply of oil. Regular readers know global oil production is near record highs. Last year, global oil output reached its highest level in at least twenty-five years, according to the U.S. Energy Information Administration (EIA). High oil prices were a big reason for the surge in production. Between 2011 and mid-2014, the price of oil hovered around $90/barrel. But oil peaked at $106 last June, and it’s been falling ever since. Today, a barrel of oil goes for about $45. Even though the price of oil has been cut in half, global oil production is still near all-time highs. The Organization of the Petroleum Exporting Countries (OPEC), a cartel of 12 oil-producing nations, is still pumping a record amount of oil. And it plans to increase production next year. In the U.S., oil supplies are still about 100 million barrels above their five-year average. E.B. explains why some countries have no choice but to keep pumping oil: Oil is the foundation of many countries’ economies. Take Venezuela, for example. Venezuela produces over 2.5 million barrels-per-day (BPD) of oil. Oil exports make up half of the country’s economic output. The country is so dependent on oil that cutting production would be economic suicide. This is happening across the globe. Giant state-run oil companies continue to pump because it’s the only way for these countries to make money. This is why global oil production has not fallen even though the price of oil has been cut in half. In many areas, production has actually increased. • The extra oil has weighed on oil prices… Weak oil prices have hammered virtually all oil companies…including the biggest oil companies on the planet. Profits for ExxonMobil (XOM), the largest U.S. oil company, fell 52% during the second quarter due to weak oil prices. Its stock is now down 24% since oil peaked last summer. Chevron (CVX), America’s second-biggest oil company, earned its lowest profit in twelve years during the second quarter. Its stock price is down 34% since last summer’s peak. The entire industry is struggling. XOP, an ETF that holds the largest oil explorers and producers, has dropped 52% over the same period. • But oil tanker companies are making more money than they have in seven years… Unlike oil producers, oil tanker companies don’t need high oil prices to make big profits. That’s because they make money based on how much oil they move. Their revenues aren’t directly tied to the price of oil. On Monday, Bloomberg Business explained why oil tankers are making the most money they’ve made in years. The world’s biggest crude oil tankers earned more than $100,000 a day for the first time since 2008… Ships hauling two-million-barrel cargoes of Saudi Arabian crude to Japan, a benchmark route, earned $104,256 a day, a level last seen in July 2008, according to data on Friday from the Baltic Exchange in London. The rate was a 13 percent gain from Thursday. Social Security Sucks Born before 1969? You can get an extra $4,098 monthly with this. • Casey Research’s favorite oil tanker company is cashing in on higher shipping rates… On August 13, E.B. Tucker told readers of The Casey Report about a company called Euronav (EURN). According to E.B., Euronav is the best oil tanker company in the world. The company has one of the newest and largest fleets on the planet. Euronav’s sales more than doubled during the first half of the year. The company’s EBITDA (earnings before taxes, interest, and accounting charges) quadrupled. And because Euronav’s policy is to pay out at least 80% of its profits as dividends, the company doubled its dividend payment last quarter. Investors who acted on E.B.’s recommendation have already pocketed a 5% quarterly dividend. Based on its last two dividends, Euronav is paying an annualized yield of 12%. That’s not bad…considering 10-Treasuries pay just 2.07% right now. Euronav’s stock is up big too. It has gained 15% in the past month alone…while the S&P just gained 1%. E.B. thinks Euronav is just getting started: Euronav’s stock price has rocketed in recent weeks, but it’s going to go much higher. Euronav is a great business and the economics of shipping oil are improving. The market hasn’t fully caught on to how good things are in the industry right now. Shipping rates are ripping higher, but the supply of ships can’t keep up with demand. The largest supertankers can carry 2 million barrels of oil at a time. They measure three football fields long. These ships take years to build and cost about $100 million each. Shipping rates should stay high as the world works through this huge oil glut. It’s a great time to own shipping companies. And Euronav is the best of the bunch. Euronav has shot up since E.B. recommended it, but the buying window hasn’t closed. In fact, Euronav is still below E.B.’s “buy under” price of $17.50. You can learn more about Euronav by taking The Casey Report for a risk-free spin today. You’ll also learn about E.B.’s other top investment ideas, including a unique way to profit from the “digital revolution” in money. Click here to get started. • The price of silver just hit a three-month high… Silver is surging after hitting a six-year low last month. It’s climbed for six days straight, and is now up 8.7% since last Wednesday. Louis James, editor of International Speculator, says the Federal Reserve helped fuel silver’s recent rally. The Fed’s decision to not raise rates last month gave silver a boost. And that’s because silver is both an industrial metal and a precious metal. Regular readers know the Fed hasn’t raised its key interest rate in nine years. Many investors thought the Fed would finally lift rates last month, but that didn’t happen. The Fed decided to keep rates at effectively zero because the global economy is slowing. Silver is a safe haven asset like gold. People have used it as money for thousands of years. It’s preserved wealth through financial market meltdowns, depressions, and wars. Investors buy gold and silver when they’re nervous about the economy or stock market. By deciding not to raise rates, the Fed signaled that the U.S. economy still needs extremely cheap credit. Investors who bought silver likely took this as a sign that the U.S. economy isn’t healthy enough to stand on its own, without easy credit. As Louis mentioned, silver is also a key industrial metal. In fact, industrial uses account for more than half of silver’s global demand. Silver is used in dental fillings, solar panels, and batteries. By not raising rates, the Fed kept the cost of borrowing money incredibly cheap. Cheap credit makes it easier for businesses to grow, and that supports industrial demand for silver. Louis went on to say that demand for silver is rising while supply falls: The number of industrial uses for silver continue to multiply, even as current silver supplies deplete and mines shut down. The ingredients for a “perfect storm” in silver are there. Has it started? Too soon to say, but the ingredients are in place. • In today’s mailbag, Grant B. asks… Can I claim a copy of Going Global 2015 if I live in New Zealand? Justin Spittler comments: We can send physical copies anywhere in the United States. However, if you live outside the U.S., we’ll send you a digital copy when you order Going Global 2015. Going Global 2015 is our guide to surviving financial crises. It gives you specific steps to take to preserve your money during an economic catastrophe. Going Global 2015 has all the best research Casey Research has done on “financial survival” in the past 25 years. As you may know, we normally sell this book for $99. But right now we’re selling it for just a $4.95 processing fee. Click here to learn more. Chart of the Day Euronav’s stock price is surging… The stock has jumped 10% since E.B. Tucker recommended the stock in early August. If you factor in the dividend Euronav paid on September 22, it’s returned 15% in less than two months. Meanwhile, the S&P 500 has fallen 5% over the same period. Popular Economist Flees to Secluded 1,235 Acre Farm. Warning to Americans: “It’s going to be much more severe, different and longer lasting than what we saw in 2008 and 2009…” Click here to learn more. –