January sees big jump in value of construction

first_imgJust as impressive is the year-over-year monthly revenue increase for the city. It also went up more than six fold to $28,300 from $4,400. However, these early 2014 numbers come on the heels, of a very solid performance in 2013. – Advertisement -The twelve month construction value last year was $135,600,000 and that was more than double the 2012 total of $63,600,000.last_img

HouseCanary Announces New Additions

first_imgHouseCanary Announces New Additions HouseCanary 2017-10-01 Brianna Gilpin October 1, 2017 533 Views Sharecenter_img HouseCanary announced last week the addition of its value report to Mercury Network’s OptiVal Automated Valuation Model (AVM) Cascade as well as the hiring of VP of Business Development and Financial Services Josh Seiff.Mercury Network’s OptiVal Cascade now contains 12 AVMs and is the only independent and objective Cascade that evaluates multiple AVMs to select the most accurate for a particular piece of real estate, according to the release.Nearly 1,000 of the nation’s lenders and appraisal management companies use Mercury Network’s technology to manage real estate valuation operations and collateral risk.“We’re proud to be selected for the OptiVal Cascade,” said Chris Stroud, Chief of Research at HouseCanary. “Lenders need easy access to highly accurate data to mitigate risk and HouseCanary’s AVM has an excellent history of pinpointing property values. Objective testing will make our AVM more accessible to lenders when they need it most.”The same week, Former Fannie Mae VP of Multifamily Capital Markets & Trading Josh Seiff was announced as a new addition to the HouseCanary Staff. Seiff will lead Business Development efforts in the financial services segment of the company and drive its strategic initiatives within the real estate capital markets ecosystem. His hiring will further HouseCanary’s goal of bringing price transparency to the real estate market.“During his 13 years at Fannie Mae, Seiff traded municipal bonds, residential and commercial mortgage-backed securities, structured products, and derivatives, while also leading a variety of key technology and finance initiatives,” the release said. “As part of Fannie Mae’s multifamily senior management team, Seiff created and led the GeMS securitization program and the issuance of more than $70 Billion in Agency CMBS securitizations. In 2017, Seiff pioneered the first ever large-scale agency securitization of Invitation Homes’ portfolio of single-family rental properties.” in Data, Featured, Newslast_img read more

Facebook Google Apple and Amazon will answer questions from regulators during a

first_imgThe Fed Has Concerns About Facebook’s LibraFed Chairman Jerome Powell explains why.ShareVideo Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 1:05Loaded: 15.04%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time –:- Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning 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 CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PauseMuteCurrent Time 0:10/Duration 0:15Loaded: 0%0:10Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:05 Playback Rate1xFullscreenAmid calls for big tech to be regulated—and even broken up—Facebook, Google, Apple, and Amazon will face questions from lawmakers at several hearings on Tuesday that could serve as a flashpoint for how regulators deal with big tech in the future.”These are the early stage discussions focused on understanding the underlying issues to solve the right problems,” says Jason Kint, CEO of Digital Content Next, a trade group that represents media organizations.On Tuesday at 2 p.m. ET, the four tech giants will send representatives to answer questions in front of the House Judiciary Antitrust Subcommittee. Rep. David Cicilline (D-RI), the leader of the panel, has pledged to review the alleged anti-competitive practices of the tech giants and “how consolidation is hurting entrepreneurs.”In terms of antitrust, Kint thinks the hearing will show Congress taking a step away from the tech companies. “Look at the long, documented history of Facebook making decisions that benefit the company over consumers,” he says. “Despite growing distrust, and in light of that, can we envision giving them that sort of role over the future?”While the four tech giants will testify together, Kint says he expects they’ll be quick to point out their differences and perhaps some will put distance between themselves and Facebook.”There is a lot of momentum in antitrust around the platforms’ use of data privacy,” Kint says. “Apple has a pro-consumer viewpoint that is different than Facebook and Google, for instance.”In addition, the Senate Judiciary Committee will hold a hearing called “Google and Censorship Through Search Engines” on Tuesday afternoon. Karan Bhatia, Google’s vice president for government affairs and public policy, will answer questions in the hearing, which will be presided over by Sen. Ted Cruz (R-Texas), who has been a vocal critic about perceived conservative censorship. Kint will testify during this hearing, along with a panel of other experts, including Andy Parker, the father of slain journalist Alison Parker, and Dennis Prager, founder of the conservative site PragerU.In two hearings this week, Facebook’s plan to release its Libra cryptocurrency will be scrutinized on Capitol Hill. David Marcus, head of Facebook’s cryptocurrency initiative, will testify before the Senate Banking Committee on Tuesday at 10 a.m., and the House Financial Services Committee on Wednesday at 10 a.m.”Our first goal is to create utility and adoption, enabling people around the world—especially the unbanked and underbanked—to take part in the financial ecosystem,” he plans to tell lawmakers, according to prepared remarks released on Monday.Marcus’s testimony comes as politicians and government officials have expressed scrutiny about Facebook’s plan to release its Calibra digital wallet and Libra cryptocurrency in 2020.In his remarks, Marcus says Facebook won’t release Libra until all regulatory concerns are “fully addressed.” He added that it will be registered with the Department of the Treasury and won’t compete with sovereign currencies.Rep. Maxine Waters (D-Calif.) is working on a proposal called the “Keep Big Tech Out of Finance Act,” which would prohibit large internet companies from becoming a financial institution or offering cryptocurrencies.Last week, Federal Reserve Chairman Jerome Powell told the House Financial Services Committee he’s concerned about Libra.”While the project’s sponsors hold out the possibility of public benefits, including improved financial access for consumers, Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability,” Powell says. “These are concerns that should be thoroughly and publicly addressed before proceeding.”Ultimately, this week will be about taking another step toward ensuring big tech is accountable, learns from its mistakes of the past, and moves forward with an approach that respects the rights of consumers, Kint says.”These companies are the most powerful, most valuable and most innovative companies on the planet,” he says. “They do have unbelievable amounts of resources and engineering talent and ideas and employee capital to do things better.”More must-read stories from Fortune:—The fall and rise of VR: The struggle to make virtual reality get real—A new A.I. is running the table against poker pros. Is business strategy next?—Video game addiction: These are the warning signs to look out for—Apple has new MacBooks. Here’s what you need to know—Listen to our new audio briefing, Fortune 500 DailyCatch up with Data Sheet, Fortune’s daily digest on the business of tech.Catch up with Data Sheet, Fortune’s daily digest on the business of tech.You May LikeEntertainmentSass as a Strategy: How Netflix’s Twitter Became Just as Entertaining as Its Shows and MoviesHealthFormer GE CEO Jeff Immelt: To Combat Costs, CEOs Should Run Health Care Like a BusinessHealthFor Edie Falco, an ‘Attitude of Gratitude’ After Surviving Breast CancerLeadershipGhosn Back, Tesla Drop, Boeing Report: CEO Daily for April 4, 2019AutosElon Musk’s Plan to Boost Tesla Sales Is Dealt a SetbackMPWJoe Biden, Netflix Pregnancy Lawsuit, Lesley McSpadden: Broadsheet April 4last_img read more