Drought Areas in U.S. Getting Worse

first_imgHome Indiana Agriculture News Drought Areas in U.S. Getting Worse SHARE By Andy Eubank – Aug 2, 2017 Drought Areas in U.S. Getting Worse Facebook Twitter Drought areas get worseNorth and South Dakota drought continues and there is no immediate end in sight. Ryan Martin, HAT Chief Meteorologist, traveling in Canada this week, says the drought has expanded further to the west and north of the Dakotas.“Montana is getting hammered really bad as well, especially in the eastern part,” he reports. “We’ve heard about the fires of course, but the fires are there because of drought. Then you have this drought extending out into Saskatchewan, not so much Manitoba. Maybe extreme western Manitoba they’re seeing it, but in Saskatchewan they’re seeing significant drought as well. So, there’s definitely a lack of rain. The most severe from up in North Dakota into southern Canada has us right now in what the drought monitor terms, exceptional drought.”As for relief in drought-stricken areas, Martin doesn’t think it is likely and it will take a lot to improve those areas.“You reach a certain point where it takes more than your standard, garden variety frontal system coming through to get moisture because your atmosphere is just so dry. You change the evaporation content and the way things work from the surface in these dry areas. So, do I see some systems coming through? Yes. For example, there’s one here a little later this week that kicks out of North Dakota. It really turns into a nice, big storm for the upper Midwest. So there’s some moisture there, but the problem is it’s going to put the moisture down in the usual places, the Red River Valley and far eastern North Dakota where things aren’t really as bad.”Martin feels the spring didn’t get off to a good start as the Upper Midwest came out of a winter much warmer and drier than normal. That led to a deficit in moisture that just built upon itself as the spring went by. Heading toward fall and harvest time, he says the strange weather pattern could stick around for a while yet.Here in Indiana more of the same could be on the way. Rain that is. Martin says very unsettled weather is establishing itself over the next couple of days before a mostly dry weekend and then more rain late Sunday and into Monday. Facebook Twitter Previous articleCo-Alliance and Farmers Grain and Feed Company Announce Joint VentureNext articleHAT Exclusive: EPA Administrator Visits Indiana Farm, Talks WOTUS Andy Eubank SHARElast_img read more

Home Prices Increase 6% in May

first_imgHome / Daily Dose / Home Prices Increase 6% in May Share Save in Daily Dose, Featured, Headlines, Market Studies, News Foreclosure Home Inventory Home Prices RealtTrac 2014-06-24 Colin Robins The Week Ahead: Nearing the Forbearance Exit 2 days ago Home Prices Increase 6% in May About Author: Colin Robins June 24, 2014 1,391 Views Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Servicers Navigate the Post-Pandemic World 2 days ago In the May 2014 Residential & Foreclosure Sales Report, RealtyTrac reported that U.S. properties sold at an estimated annual pace of 5.1 million in May. The pace of sold homes remained virtually unchanged from April, with a small increase of less than 1 percent from May 2013.Including distressed and non-distressed properties, median home prices increased month-over-month by 6 percent to $180,000 in May, up 13 percent from the previous year. May’s increase was the second consecutive month with a double-digit annual increase in U.S. home prices, as well as the biggest annual increase since home prices bottomed out in March 2012.Distressed sales, which the company defines as properties in foreclosure or bank-owned, posted a median price of $120,000, 37 percent below the median price of non-distressed properties. Distressed sales coupled with short sales accounted for 14.3 percent of all U.S. residential sales in May—down from 15.6 percent of sales in April and down from 15.9 percent of all sales in May 2013.”Distressed sales continue to represent a smaller share of the overall sales pie nationwide, helping to boost median home prices higher given that distressed sales tend to be in lower price ranges,” said Daren Blomquist, VP at RealtyTrac. “When broken down by average price range, U.S. sales are clearly shifting away from the lower end.”He continued, “Properties selling below $200,000 represented 50 percent of all sales in May, but that was down from a 55 percent share a year ago. Meanwhile, the share of homes selling above $200,000 increased from a 45 percent a year ago to a 50 percent in May 2014.”RealtyTrac found that higher price ranges are seeing a growth and an increase in market share. Prices in every price range above $200,000 increased as a share of total sales, both monthly and yearly. Increases were “generally higher” in the higher price ranges, according to RealtyTrac.”The share of home sales in the $200,000 to $300,000 price range increased 2 percent from the previous month and were up 6 percent from a year ago, but the share of home sales in all price ranges above $750,000 was up more than 20 percent from a year ago,” the report found.Furthermore, the share of home sales in price ranges below $200,000 saw a decline. Homes priced between $100,000 and $200,000 decreased by 5 percent, while homes in the $50,000 and $100,000 range decreased 13 percent. Homes priced below $50,000 decreased in market share by 22 percent.The company found, “Home sales in the $100,000 to $200,000 price range accounted for one-third of all home sales in May—the largest percentage of any price range—but homes priced between $200,000 and $400,000 were close, accounting for nearly 32 percent of all sales for the month.”Short sales and distressed sales made up 14.3 percent of all sales in May, down from 15.6 percent in April and down from 15.9 percent of all sales in May 2013. The Best Markets For Residential Property Investors 2 days ago Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Subscribe Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Tagged with: Foreclosure Home Inventory Home Prices RealtTrac Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Bank Collapses Continue to Grow; Failures Total 11 Next: Foreclosure Inventory Continues to Shrink in May Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days agolast_img read more