Home Price Gains Slow on FHFA Index

The Federal Housing Finance Agency (FHFA) reported on Tuesday that home prices were up in 48 states and the District of Columbia during the second quarter of 2017.  The agency said that More »

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President Trump vowed on Monday to beef up the American military presence in Afghanistan, a strategy that promises to extend the longest war in U.S. history and add billions to its financial More »

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Home prices rose 6.6% in a second quarter, FHFA says

Home prices augmenting 6.6% in a second entertain from a year progressing as buyers competed for a timorous supply of listings.

Prices rose 1.6% on a seasonally practiced basement from a prior 3 months, a Federal Housing Finance Agency pronounced in a matter Tuesday. In June, prices climbed 0.1% from May, reduction than a 0.5% normal guess of 12 economists.

The U.S. has been carnivorous for inventory, in partial since builders slowed prolongation after a final decade’s skill pile-up and many seniors are selecting to sojourn in their houses rather than downsize. The supply of formerly owned homes on a marketplace during a finish of Jun fell 7.1% from a year earlier, a 25th uninterrupted annual decline, according to a National Association of Realtors.

“U.S. residence prices rose in many states during a second quarter,” William Doerner, comparison economist during FHFA, pronounced in a statement. “New-home sales are climbing but, relations to a altogether population, they still sojourn low from a chronological perspective. The parsimonious register is a vital reason for because residence prices have been augmenting each entertain over a final 6 years.”

The FHFA index measures exchange for single-family properties financed with mortgages owned or securitized by government-sponsored Fannie Mae and Freddie Mac. It doesn’t yield prices. The inhabitant median cost of an existent single-family home was $255,600 in a second quarter, adult 6.2% from a year earlier, information from a Realtors organisation show.


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Article source: http://www.nationalmortgagenews.com/articles/home-prices-rose-66-in-the-second-quarter-fhfa-says

Home Price Gains Slow on FHFA Index

The Federal Housing Finance Agency (FHFA)
reported on Tuesday that home prices were up in 48 states and the District of
Columbia
during the second quarter of 2017. 
The agency said that its Housing Price Index appreciated 1.6 percent
compared to the first quarter of the year. 

Year-over-year prices, expressed as an
increase from the second quarter of 2016, was 6.6 percent. On a monthly basis,
prices in June were 0.1 percent higher than in May.  All of FHFA’s national numbers marked
deceleration from earlier reports
.  The
year-over-year figure in May was 6.6 percent and May’s prices rose 0.4 percent
when compared with April.

The slowing of increases surprised
analysts polled by Econoday. There were looking for even stronger monthly gains
than in May, from 0.3 to 0.6 percent, with a consensus of 0.5 percent.

“U.S. house
prices rose in most states during the second quarter,” said FHFA Senior
Economist William Doerner.  “New home sales are climbing but,
relative to the overall population, they still remain low from a historical
perspective.
The tight inventory is a major explanation for why house prices have
been increasing every quarter over the last six years.”

The states with the
greatest price gains from the second quarter of 2016 to the same quarter in
2017 were Washington at 12.4 percent; Colorado 10.4 percent; Idaho 10.3 percent; Florida 9.4 percent; and Utah 9.2 percent. The two
states that experienced year-over-year price declines were West Virginia where
prices were down 1.22 percent and Alaska where they fell 0.33 percent.  

The Pacific division
experienced the strongest increase among the nine census divisions, posting a
2.6 percent quarterly gain, 8.9 percent since the second quarter of last year.
 House price appreciation was weakest in the Middle Atlantic division, where
prices rose 0.8 percent from the last quarter. The year-over-year gain in the
division was 4.08 percent.

FHFA’s HPI tracks changes in average home prices by analyzing changes in
home values from Fannie Mae- and Freddie Mac-purchased and guaranteed mortgages
originated over the past 42 years. The index has a base value of January,
1991=100 and was at 249.3 in June compared to 249.2 in May.   

Article source: http://www.mortgagenewsdaily.com/08222017_fhfa_hpi.asp

PHI Group, Inc. (PHIL: OTCQB) | PHI Group Forms Strategic Alliance with Tho Xuan Duong JSC, a Vietnamese Traditional Medicine and Herbal Company with Nearly 400 Years’ History

NEW YORK, Aug. 22, 2017 (GLOBE NEWSWIRE) — PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture, healthcare and special situations, announced today that it has signed a Master Business Cooperation Agreement with Tho Xuan Duong Joint Stock Company (“TXD”), a Vietnamese company recognized by Guinness World Records with nearly four centuries of history in Vietnamese traditional medicine and herbs.

According to the Agreement, PHIL will assist TXD to promote and advertise TXD’s history, brand and traditional medicinal products and treatments on a global basis; set up manufacturing facilities and/or establish strategic alliances with pharmaceutical production and distribution companies in Europe, the United States, the Middle East, Central and South America, Africa and other selective geographical areas; and access funding sources to implement TXD’s business plan.

In addition, PHIL considers acquiring an equity interest in TXD and/or exchange of ownership between the two companies by way of stock swap to form a strategic alliance.   PHIL will cooperate with TXD to build and develop raw material areas, preliminary and full-scale processing facilities for herbal medicines, and herbal medicine tourism area in Sapa, Lao Cai Province, Northern Vietnam.   PHI will also assist TXD to obtain special medical devices using Low Level Laser Light Therapy technologies developed by American Laser Healthcare Corp., a US company, which has been cleared by the U.S. FDA for pain treatment, needleless acupuncture, and other diseases.

Dr. Giang Tuan Phung, Chairman and CEO of Tho Xuan Duong, stated, “We are excited to collaborate with PHI Group to develop additional raw material areas, modernize our processing capabilities, and broaden our reach to selective international markets to make our precious herbal healthcare products and services available to users on a global basis.”

Henry Fahman, CEO of PHI Group, said, “We are delighted to work with TXD and confident that our cooperation will greatly benefit not only shareholders of both companies but also many people all over the world by making TXD’s products more accessible.”

On another note, PHI Group is in the process of acquiring a 20-year old pharmaceutical and medical device distribution company in Europe as a platform to provide Tho Xuan Duong’s products to European countries.

About PHI Group
PHI Group (www.phiglobal.com) primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value.  PHI Group also provides MA and consulting services through its wholly owned subsidiary, PHI Capital Holdings, Inc. (www.phicapitalholdings.com)

About Tho Xuan Duong
Following the tradition of nearly four centuries through sixteen generations, starting with Mr. Phung Van Duong at the Le Dynasty Medical Institute in Vietnam, Tho Xuan Duong is the oldest traditional medicine company in Vietnam, recognized by Guinness World Records. The Company provides prized herbal medicinal products and treatments for a wide variety of diseases.  It has treated patients from over a hundred countries around the world. TXD is in the process of developing additional raw material areas, preliminary and full-scale processing facilities for herbal medicines, and herbal medicine tourism area in Sapa, Lao Cai Province, Northern Vietnam. Website: www.thoxuanduong.com

Safe Harbor
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995.

Press Contact:
Henry Fahman
+1-702-475-5430
henry@phiglobal.com

Article source: http://www.otcmarkets.com/stock/PHIL/news?id=167886

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