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Vermont reverses trend: Home prices down, sales up

first_imgVermont was the only New England state to experience a decline in median home price in June. However, its 22.3 percent increase in home sales was second only to Connecticut. All six New England States experienced a 3-month trend uptick in June of 21.7 percent. For the first time in the past three months, Vermont realized a price decline of -4.0 percent, with all other states continuing to see month-over-month price increases.While year-over-year sales and prices remain sluggish in New England, the consistent monthly numbers suggests that the market has hit bottom. Changes in financing requirements, unemployment and overall uncertainty continue to be the barriers that are slowing recovery.‘The positive trend in home sales coupled with steady price increases are strong indicators that we are in the midst of a slow recovery,’ said RE/MAX of New England Executive Vice President, Jay Hummer. ‘The housing market has turned the corner and while we may ride some bumps along the bottom, I feel the housing market recovery has begun.’last_img read more

CUs working to meet members’ holiday financial needs

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » This holiday season, the average consumer will spend more than $1,000 on gifts and related expenses and credit unions are there to ensure consumers maintain their financial health, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices Tuesday.Donovan’s latest communication is part of CUNA’s ongoing outreach to all Congressional offices reminding them that continued support of credit unions allows them to continue service to 115 million Americans.“With programs like budgeting workshops, interest-free loan deferrals, and higher interest savings accounts, credit unions in your community are investing time, staff, and capital to keep your constituents in the green this winter, ensuring a happy holiday season for all,” Donovan wrote.“By supporting credit unions’ not-for profit mission, you’re sustaining the financial wellness of your community and the 115 million Americans across the country who have chosen to make credit unions their financial partner,” he added.last_img read more

Clamoring to get home, India’s migrant workers stone police

first_imgIt happened when officials stopped the workers, who had rented vehicles, from crossing into neighboring Madhaya Pradesh, Rajasthan and Uttar Pradesh states, because they did not have sufficient paperwork for entry, officials told AFP.Gujarat is one of India’s main industrial hubs, and authorities there were bracing for a logistical “nightmare” after about two million migrant labourers and their families signed up for permission to return home, an official in the state said.They are clamoring to get back to their villages despite the fact that some might have the opportunity to work again. The government is pushing for factories to reopen and has eased some restrictions in the lockdown which will extend for two more weeks from Monday.”Making arrangements for even half of the registered people would be a nightmare for the district administrations,” the official, who asked to remain anonymous, told AFP. More than 2,000 rural migrant workers blocked from returning home pelted Indian police with stones, officials in Gujarat said, as millions more stranded in the state readied to return to villages.Poor migrant workers across the country lost their jobs during the world’s biggest pandemic lockdown, which began in late March to guard against the spread of new coronavirus.Saturday’s clash in western India’s Gujarat is the latest in a spate of such protests across India. In Indore, in the central state of Madhya Pradesh, 14 migrant workers and four others were found by police on Saturday crammed into a cement mixer, local media reported. The migrants had been trying to return home from western Maharashtra state to northern Uttar Pradesh state — a 1,200-kilometre (745-mile) journey.In a vast exodus, many migrant already managed to return to their villages, mostly on foot, but local media reported that some died on their long journeys. Others have been stranded at crowded shelters in cities.The government late last week allowed special cross-border trains and buses to operate to bring those who wanted to return to their villages in other states.Inter-state public transport is still barred.center_img Topics :last_img read more

Casinos celebrate as sports gambling begins

first_imgSeveral casinos around the state held ceremonies and began taking their first sports bets Thursday as it became legal at noon.The sports book operator counted down three-two-one and the ribbon was cut to cheers at the Prairie Meadows Casino in Altoona, Republican state senate majority leader Jack Whitver of Ankeny says some Iowans were already betting illegally.“We decided the right path forward was to bring sports wagering out of the darkness into a controlled, regulated environment that offers consumer protection along the way,” Whitver says.The state will collect taxes from sports gambling, but it may only be a small percentage of what is already collected from casinos. Whitver and State Senator Tony Bisignano of Des Moines made the first bets at Prairie Meadows. Bisignano bet on the New York Yankees to win their game and Whitver – who was a standout wide receiver at Iowa State — picked the Cyclones to beat Iowa this year in football. Customers lined up after the ribbon cutting to place their bets.Mick Schminkey of Pleasant Hill put 40 dollars down on a few N-F-L preseason games. He says he’s been waiting for Iowa to approve sports gambling since the Supreme Court threw out a federal ban last year. Eventually Schminkey hopes to win a few bets, but this was for the experience.“It’s just fun to have that first bet in my pocket. I probably won’t ever throw this ticket away, unless I win,” Schminkey says. Iowa is one of the early states to adopt sport betting but others are close behind. Places like Oregon, Illinois and Indiana are working out the final details. A similar ceremony took place at the Isle Casino Hotel in Bettendorf . Bettendorf Mayor Bob Gallagher placed the ceremonial first legal sports bet on his alma mater.“Seeing as though I am an Iowa grad, my son goes to school there, and I was actually Herky the Hawkeye while in school, I’m going to take the Hawkeyes in their season total wins to beat seven and a half,” Gallagher says. William Hill is running the sports betting for the Isle and Vice President Michael Grodsky says they are ready for sports gamblers.“Any questions you have at all or any concerns you have about how to bet or what way to make a bet, we are here for you,” Grodsky says. “We know this is brand new to the midwest, and we’re excited to be here.” Eighteen of the 19 state-licensed casinos plan to offer sports betting. Ten of them were ready to go for the first day and the rest are expected to complete the process in the next week or so.last_img read more