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OPPORTUNITY ZONE HOUSING MARKETS STILL KEEPING UP WITH BROADER NATIONWIDE PRICE GAINS DURING THIRD QUARTER

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Median Home Values Increase During Third Quarter of 2024 in Majority of Opportunity Zones Targeted for Economic Redevelopment Around U.S.;
Prices Trends Inside Zones Once Again Reflect National Patterns

IRVINE, Calif., Nov. 7, 2024 /PRNewswire/ — ATTOM, a leading curator of land, property data, and real estate analytics, today released its third-quarter 2024 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017 (see full methodology below). In this report, ATTOM looked at 3,857 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the third quarter of 2024.

The report found that median single-family home and condo prices increased from the second quarter of 2024 to the third quarter of 2024 in 53 percent of Opportunity Zones around the country with enough data to measure. They were up annually in 61 percent of those zones.

As the nation’s long housing market boom continued, median prices increased more than 10 percent annually in almost half the Opportunity Zones analyzed.

Those trends, in and around low-income neighborhoods where the federal government offers tax breaks to spur economic revival, extended a long-term pattern of home values inside Opportunity Zones moving parallel to broader nationwide price shifts for at least the last three years. That pattern has remained in place regardless of whether the housing market has surged, improved modestly or ticked downward.

Despite overall gains inside Opportunity Zone markets, the third-quarter trends again were mixed, with typical values rising more in higher-priced zones while benefitting fewer of the very lowest-priced neighborhoods. That continued to reveal how the very bottom of the U.S. housing market is benefitting less from the national run of price gains now in its 13th year and could be more vulnerable if that pattern levels off or reverses.

Nevertheless, the latest patterns yet again showed how some of the most distressed communities in the nation are enjoying strong signs of ongoing economic strength, or limited weakness, compared to other markets around the country.

By several important measures, Opportunity Zones again did even better than the nation as a whole during the third quarter of 2024. For example, median prices inside the zones grew by at least 10 percent annually more often than elsewhere.

“Another quarter, another sign of rising fortunes. That again is the takeaway from home-price data inside neighborhoods with some of the most pressing needs around the country, marking just the latest indication of their economic potential,” said Rob Barber, CEO for ATTOM. “We keep seeing this over and over as soaring values push house hunters without a ton of resources out of pricier locations to more-affordable markets.”

He added that “the situation inside Opportunity Zones still is far from rosy. Significant numbers still face depressed prices. But the latest big picture provides more evidence of home buyers interested in these communities, which can only be a positive lure for the investments that Opportunity Zone incentives are designed to attract.”

Opportunity Zones are defined in the Tax Act legislation as census tracts in or alongside low-income neighborhoods that meet various criteria for redevelopment in all 50 states, the District of Columbia and U.S. territories. Census tracts, as defined by the U.S. Census Bureau, cover areas that have 1,200 to 8,000 residents, with an average of about 4,000 people.

Amid economic limitations, most Opportunity Zones still had typical home values that fell well below those around most of the nation in the third quarter of 2024. Median third-quarter prices inside about 80 percent of the zones were less the U.S. median of $360,500. That was about the same portion as in earlier periods over the past three years. In addition, median prices remained under $200,000 in almost half the zones.

Considerable price volatility also continued inside Opportunity Zones, with median values either dropping or increasing by at least 5 percent in nearly three-quarters of those locations from the second quarter of 2024 to the third quarter of this year. That again likely reflected small numbers of sales in many zones.

High-level findings from the report:

Median prices of single-family homes and condos increased from the second quarter of 2024 to the third quarter of 2024 in 1,803 (53 percent) of the Opportunity Zones around the U.S. with sufficient data to analyze, while staying the same or decreasing in 47 percent. Measured annually, medians remained up from the third quarter of 2023 to same period this year in 2,091 (61 percent) of those zones. (Among the 3,857 Opportunity Zones included in the report, 3,426 had enough data to generate usable median-price comparisons from the second to the third quarter of 2024; 3,420 had enough data to make comparisons between the third quarter of 2023 and the third quarter of 2024).In another indication of strength, typical values rose by more than 10 percent annually in 43 percent of Opportunity Zones versus 37 percent of census tracts elsewhere.Measured quarterly, typical values were up more than 5 percent in 42 percent of Opportunity Zones and in 39 percent of neighborhoods outside the zones.However, in a potential sign of trouble, median prices were up annually in only 48 percent of Opportunity Zones where homes commonly sold for less than $125,000 during the third quarter of 2024.Among states that had at least 25 Opportunity Zones with enough data to analyze during the third quarter of 2024, the largest portions of zones where median prices increased annually were in Nevada (medians up from the third quarter of 2023 to the third quarter of 2024 in 81 percent of zones), Wisconsin (75 percent), Indiana (72 percent), Ohio (69 percent) and Utah (69 percent). States where prices were up annually in the smallest portion of zones included Kentucky (median prices up in 46 percent of zones), Louisiana (47 percent), Colorado (47 percent), Arizona (48 percent of zones) and Oklahoma (52 percent).Of the 3,857 zones in the report, 1,081 (28 percent) had median prices below $150,000 in the third quarter of 2024. That was down from 33 percent of zones with sufficient data a year earlier and almost 60 percent five years ago. Another 636 zones (16 percent) had medians in the third quarter of this year ranging from $150,000 to $199,999.Median values in the third quarter of 2024 ranged from $200,000 to $299,999 in 25 percent of Opportunity Zones while they topped the nationwide third-quarter median of $360,500 in just 21 percent.The Midwest continued in the third quarter of 2024 to have larger portions of the lowest-priced Opportunity Zone tracts. Median home prices were less than $175,000 in 58 percent of zones in the Midwest, followed by the Northeast (40 percent), the South (39 percent) and the West (5 percent).Median household incomes in 87 percent of the Opportunity Zones analyzed were less than the medians in the counties where they were located. Median incomes were less than three-quarters of county-level figures in 54 percent of those zones and less than half in 14 percent.

Report methodology
The ATTOM Opportunity Zones analysis is based on home sales price data derived from recorded sales deeds. Statistics for previous quarters are revised when each new report is issued as more deed data becomes available. ATTOM’s analysis compared median home prices in census tracts designated as Opportunity Zones by the Internal Revenue Service. Except where noted, tracts were used for the analysis if they had at least five sales in the third quarter of 2024. Median household income data for tracts and counties comes from surveys taken the U.S. Census Bureau (www.census.gov) from 2018 through 2022. The list of designated Qualified Opportunity Zones is located at U.S. Department of the Treasury. Regions are based on designations by the Census Bureau. Hawaii and Alaska, which the bureau designates as part of the Pacific region, were included in the West region for this report.

About ATTOM
ATTOM provides premium property data and analytics that power a myriad of solutions that improve transparency, innovation, digitization and efficiency in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 30TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include ATTOM Cloudbulk file licensesproperty data APIsreal estate market trendsproperty navigator and more. Also, introducing our newest innovative solution, making property data more readily accessible and optimized for AI applications – AI-Ready Solutions.

Media Contact:
Megan Hunt
megan.hunt@attomdata.com 

Data and Report Licensing:
datareports@attomdata.com

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Acer Announces Operating Income for Q3’24 at NT$1.60 Billion and for Year-to-September at NT$3.85 Billion with 36.1% Growth

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TAIPEI, Nov. 7, 2024 /PRNewswire/ — Acer Inc. (TWSE: 2353) announced its financial results for the third quarter of 2024: consolidated revenues were NT$72.69 billion with 8.3% growth quarter-on-quarter (QoQ) and 7.8% growth year-on-year (YoY); gross profits reached NT$7.68 billion, up 6.9% QoQ and 5.2% YoY, with 10.6% margin; operating income was NT$1.60 billion, up 9.2% QoQ and 3.7% YoY, with 2.2% margin; net income[1] was NT$1.50 billion, up 7.2% QoQ; and earnings per share was NT$0.50. Businesses other than computers and displays contributed 26.9% of total group revenues, while public subsidiaries contributed 26.4% of operating income.

For year-to-September, consolidated revenues were NT$198.66 billion with 11.5% growth YoY; gross profits reached NT$21.05 billion, up 11.3% YoY with 10.6% margin; operating income was NT$3.85 billion, up 36.1% YoY with 1.9% margin; net income[1] was NT$4.11 billion, up 5.0% YoY; and earnings per share was NT$1.37. Businesses other than computers and displays contributed 28.0% of total group revenues, while public subsidiaries contributed 36.5% of operating income.

To strengthen the company’s risk management, realize sustainable development goals, and enhance governance, Acer’s Board of Directors approved the reorganization of the former Risk Management Committee to become the “Risk Management and Sustainable Development Committee,” with expanded tasks of overseeing cyber security and corporate sustainability.

[1] Net income is reported as profit-after-tax in Acer’s financial statements

About Acer

Founded in 1976, Acer is one of the world’s top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer’s 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2024 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

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LPS Launches NeuroNode: Empowering Advanced AI for Enterprises with On-Premises LLM

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The end-to-end LLM solution is designed to accelerate AI deployment by integrating out-of-the-box AI functionality into powerful Lenovo infrastructure.NeuroNode equips enterprises with security, autonomy, and scalability, rapidly unlocking the most value from their AI investments.

HONG KONG, Nov. 7, 2024 /PRNewswire/ — Lenovo PCCW Solutions (LPS) announces the launch of NeuroNode, a private Large Language Model (LLM) In-A-Box solution that offers a secure, quick and cost-effective AI solution for enterprises – providing an accessible option for businesses looking to benefit from LLMs. The launch of NeuroNode underscores LPS’ commitment to excellence in IT services, reinforced by being named the No.1 IT Services Provider in Hong Kong by IDC[1].

As the promise of AI-powered digital transformation continues to grow, CIOs are faced with the challenge of finding a secure pathway towards AI adoption. This has resulted in an increasingly cautious outlook towards AI investment, with Lenovo’s 2024 Global CIO Study finding 81% of CIOs leveraging third-party AI tools and proprietary AI tools expressing security as a top concern.

NeuroNode: Smarter and Safer AI at Your Fingertips

NeuroNode, named for its brain-like capabilities, embodies intelligence and agility. Built on Lenovo’s powerful infrastructure and offering a LLM ready out-of-the-box, the solution helps organizations embrace AI as quickly as possible. By enabling powerful AI capabilities on-premises, organizations can have total autonomy and control over their own data without the need to channel anything through the public cloud.

With the simplicity of a box, NeuroNode slots seamlessly into existing technology stacks with minimal infrastructure constraints and can be easily scaled up to meet growing workload demands. NeuroNode comes with native support for leading open source LLMs like Llama 3.1, GLM-4, Pixtral 12B etc. via Open AI compliant API. The simple and interactive interface enables users to input both natural language and images for AI processing with options for pre-built templates to serve unique business needs. Equipped with 4 powerful GPUs at its core, NeuroNode can respond to a typical query by generating a full-length A4 page of text in as little as 10 seconds (A10 GPU model, running Llama3.1 8B model).

NeuroNode empowers organizations to unlock transparent metrics and valuable insights to transform their operations with data privacy ensured. Its robust AI capabilities are designed to meet dynamic industry demands and can be utilized for numerous use cases such as automated content generation, knowledge management, compliance checking, customer service chatbots, and much more.

Dr. Ted Suen, President of LPS, said, “LPS remains committed to driving innovative AI solutions – collaborating closely with Lenovo to fast-track AI adoption for our clients. Our newly launched AI solution, NeuroNode, aims to lower the barriers to entry for enterprises looking for transparent AI value creation and reliable data security.”

As LPS unveils this new solution, the company continues to set the benchmark for IT excellence in Hong Kong. According to IDC Worldwide Semiannual Services Tracker (2024H1 release), LPS leads the Custom Application Development and Systems Integration segments in Hong Kong for 11 consecutive years, commanding 47% and 20.1% market share respectively, with over 9% YoY growth in both. LPS also stands atop the Managed Services segment with an 8.2% YoY revenue growth.

Roger Ling, Associate Vice President, Software, Services and Cloud, IDC Asia/Pacific, said, “As organizations navigate the complexities and opportunities presented by AI, partnering with an experienced and reputable IT service provider is becoming increasingly essential. Such collaborations enable businesses to leverage advanced technologies while ensuring security and operational efficiency, all while effectively addressing local nuances.”

NeuroNode provides a robust and scalable solution for any organization looking to leverage AI technology, with LPS offering further scalability and post-launch support to enhance models through prompt engineering, consulting, and more to help businesses maximize the potential of this solution.

For more information on NeuroNode, please visit here: https://www.lpstech.com/site/en/service/data-ai/neuronode-llm-in-a-box.html

About Lenovo PCCW Solutions (LPS)

LPS is a leading IT and technology solutions provider in the Asia Pacific. We partner with governments and enterprises to achieve digital transformation excellence, driving business growth through our market-leading solutions and industry best practices. As a proud member of Lenovo Group, we have unlocked new synergies with Lenovo’s global reach and technological capabilities. With our 4,000+ team of experts and a strong network of ecosystem partners, LPS is committed to providing end-to-end technology solutions and services, including systems integration, application development and operation, managed services, cloud services, IT outsourcing, and technical services.

To find out more about LPS, please visit www.lpstech.com.

[1] Ranking based on vendor revenue. Source: IDC Worldwide Semiannual Services Tracker (2024H1 release)

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MGI Tech Partners with the Human Cell Atlas to Further Advance Worldwide Human Cell Mapping Efforts

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SHENZHEN, China, Nov. 7, 2024 /PRNewswire/ — MGI Tech Co., Ltd. (“MGI”), a company committed to building core tools and technologies that drive innovation in life science, today announced a commercial partnership with Human Cell Atlas (HCA) consortium to further accelerate the human cell mapping initiative. Aimed to facilitate the wider adoption of single cell sequencing and spatial transcriptomics technologies globally, MGI will expand access to its proprietary products within the HCA network by providing discounted rates to collaborating members.

“Cutting-edge single cell and spatial genomics are important driving forces for the HCA project,” said John Randell, HCA Chief Alliance Officer. “MGI’s involvement in the HCA discount program will enhance the efforts of our collaborative members and help fuel HCA’s progress and new scientific discoveries.”

Under this partnership, HCA members will enjoy more access to MGI’s cost-effective and scalable single cell and spatial omics solutions. In addition, MGI will also provide support to members in experimental design, assay execution, and bioinformatic support when applying MGI’s technologies to their research.

First introduced in 2019, MGI’s single cell series has become one of the company’s main product lines. Based on the core DNBSEQä technology, the series addresses the diverse demand of single cell research by offering users a comprehensive and user-friendly solution. The DNBelab C-TaiM 4 portable droplet generator, the latest addition to MGI’s single cell lineup, is meticulously crafted to facilitate high-throughput single-cell 3’RNA, 5’RNA& V(D)J,ATAC in any setting. This compact but robust device seamlessly integrates dual-bead cell capture, a microfluidic droplet generator, state-of-the-art computing modules, and other advanced technologies to enable intricate genomic analyses anytime anywhere.

Starting June 2024, MGI also became an official distributor of STOmics-related products, opening access to cutting-edge advancements in spatial omics for the scientific community. STOmics’ proprietary Stereo-seq technology has revolutionized spatial multi-omics research with its large field of view, nanoscale resolution, unbiased whole transcriptome capture, and multi-omics solutions. Its applications span diverse fields, including developmental biology, organ atlas, neuroscience, and digital pathology. To date, it has also contributed to over 60 publications in top-tier journals like Cell, Science, Nature, and Cell Research.

“We are proud to support HCA researchers worldwide in this important effort to uncover the intricate details of how the genes in our cells shape life,” said Duncan Yu, President at MGI. “Leveraging MGI’s highly sensitive and specific tools with comprehensive coverage, this partnership will allow the HCA community to push the boundaries of single cell genomics and spatial omics further, with broad implications for scientific discovery and disease research.”

The HCA is a global collaborative research consortium that is creating comprehensive reference maps of all human cells in the healthy body to drive major advances in healthcare and medicine worldwide. Founded in 2016, it has grown to more than 3,600 HCA members from over 100 countries around the world. To date, the global HCA community has profiled tens of millions of cells from nearly 10,000 individuals and produced more than 400 HCA scientific publications, delivering fundamental insights into human biology and diseases.

Over the years, MGI has been empowering scientists and researchers globally in frontier life science research with cutting-edge tools and facilitating advances and discoveries in the understanding of human cells. The company has been actively supporting HCA research as far back as 2018. Notably, in 2019, at a European Molecular Biology Organization (EMBO) workshop on Single Cell Biology, Dr. Sarah Teichmann, co-founder and principal leader of the HCA consortium, shared her systematic evaluation workflow for single-cell RNA sequencing using MGI’s platforms.

Earlier this year, MGI participated in the HCA Single-cell Omics Workshop in Bangkok to connect with members and promote its advanced technology. Following that, the company will be present at the HCA Asia 2024 Meeting, taking place in Hong Kong from December 3 to 4. MGI welcomes researchers and scientists worldwide to participate for exchanges of ideas and to explore partnership opportunities.

About MGI MGI Tech Co., Ltd. (or its subsidiaries, together referred to as MGI) is committed to building core tools and technologies that drive innovation in life science. Our focus lies in research & development, manufacturing, and sales of instruments, reagents, and related products in the field of life science and biotechnology. We provide real-time, multi-omics, and a full spectrum of digital equipment and systems for precision medicine, agriculture, healthcare, and various other industries.

Founded in 2016, MGI has grown into a leader in life science, serving customers across six continents and establishing research, manufacturing, training, and after-sales service facilities globally. MGI stands out as one of the few companies capable of independently developing and mass-producing clinical-grade gene sequencers with varying throughput capacities, ranging from Gb to Tb levels. With unparalleled expertise, cutting-edge products, and a commitment to global impact, MGI continues to shape the trajectory of life sciences into the future.

For more information, please visit the MGI website or connect with us on TwitterLinkedIn or YouTube.

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