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OPPORTUNITY ZONE HOUSING MARKETS STILL TRACKING ALONG WITH BROADER U.S. HOUSING MARKET

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Median Home Values Decrease During Fourth Quarter of 2023 in Just Over Half of Opportunity Zones Targeted for Economic Redevelopment Around U.S.; Price-Decline Trends Inside Zones Again Follow Closely With National Market Patterns

IRVINE, Calif., Feb. 15, 2024 /PRNewswire/ — ATTOM, a leading curator of land, property, and real estate data, today released its fourth-quarter 2023 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 3,667 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the fourth quarter of 2023.

The report found that median single-family home and condo prices dropped from the third quarter of 2023 to the fourth quarter of 2023 in 52 percent of Opportunity Zones around the country with sufficient data to analyze, declining by more than 3 percent in close to half.

Those downturns, in and around low-income neighborhoods where the federal government offers tax breaks to spur economic revival, tracked closely with nationwide price trends as a decade-long boom in the U.S. housing market showed signs of slowing down. The latest trends also continued a long-term pattern of home values inside Opportunity Zones moving alongside broader nationwide gains and losses for at least the last three years. That marked an ongoing sign of economic tides rising or falling inside some of the country’s most distressed communities along with other markets around the country.

Opportunity Zones even showed signs again of doing slightly better than other neighborhoods around the country during the fourth quarter of last year. For example, while prices generally decreased, a slightly larger portion of Opportunity Zones saw significant price increases in the fourth quarter compared to other locations around the U.S.

“The fourth quarter of last year certainly wasn’t a great one for Opportunity Zone home values, with more losses than gains. But within the bigger picture, those areas keep riding national coattails, whether home values are going up or whether they are going down. Nothing jumped out as much worse than what happened throughout the nation,” said Rob Barber, CEO for ATTOM. “This has clearly become an extended story as the zones continue to attract home-buyer interest in a very tight housing market. More broadly, it also shows the kind of economic strength inside Opportunity Zones that the legislation is designed to use as a springboard to attract investors.”

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 the economic limitations of Opportunity Zones, typical home values in most of those neighborhoods continued to fall well below those in other markets around the nation during the fourth quarter of 2023. Median fourth-quarter sales prices were less than the U.S. median sales price of $333,000 in 79 percent of Opportunity Zones. That was about the same portion as in earlier periods over the past year. In addition, median prices remained under $200,000 in 51 percent of the zones during the fourth quarter of 2023.

Considerable price volatility also remained in place inside Opportunity Zones, with median values either dropping or increasing by at least 5 percent in almost three-quarters of those locations from the third quarter of 2023 to the fourth quarter. That again likely reflected the small number of sales in many zones.

High-level findings from the report:

Median prices of single-family homes and condominiums decreased from the third quarter of 2023 to the fourth quarter of 2023 in 1,729 (52 percent) of the Opportunity Zones around the U.S. with sufficient data to analyze, while staying the same or increasing in 48 percent. Medians, however, were still up from the fourth quarter of 2022 to same period last year in 1,958 (60 percent) of those zones. (Among the 3,667 Opportunity Zones included in the report, 3,294 had enough data to generate usable median-price comparisons from the third quarter of 2023 to the fourth quarter of 2023; 3,247 had enough data to make comparisons between the fourth quarter of 2022 and the fourth quarter of 2023).Prices declined more quarterly or rose more annually than they did nationwide in almost the same portion of Opportunity Zones as elsewhere. The median single-family home value decreased from the third to the fourth quarter of 2023 by more than the national figure in 46 percent of Opportunity Zones tracts and 45 percent of tracts outside the zones. The median price rose, year over year, by more than the national figure in 50 percent of Opportunity Zones tracts and 48 percent of tracts outside the zones. (The nationwide median dropped 3.4 percent quarterly but was still up 5.2 percent from the fourth quarter of 2022 to the fourth quarter of 2023.)In one sign that Opportunity Zones again did a bit better than the rest of the country, median prices grew quarterly by at least 5 percent in a higher portion of those areas. Typical values went up at least that much quarterly in 38 percent of Opportunity Zones with enough data but in just 33 percent of other neighborhoods around the U.S. Medians also remained up annually by at least 10 percent more often in Opportunity Zones than elsewhere (42 percent versus 38 percent).Among states that had at least 25 Opportunity Zones with enough data to analyze during the fourth quarter of 2023, the largest portions of zones where median prices decreased quarterly were in Kentucky (medians down from the third quarter of 2023 to the fourth quarter of 2023 in 66 percent of zones), Minnesota (65 percent), Arizona (62 percent), California (61 percent) and Maryland (61 percent). States where prices were up quarterly in the largest portion of zones included Louisiana (median prices up quarterly in 67 percent of zones), Utah (63 percent), Missouri (54 percent), Ohio (53 percent) and Indiana (53 percent).States where median home values in Opportunity Zones remained up most often year over year included New Jersey (median prices up annually in 83 percent of zones), Missouri (77 percent), Wisconsin (72 percent), Virginia (68 percent) and Michigan (66 percent).Of the 3,667 zones in the report, 1,262 (34 percent) had median prices in the fourth quarter of 2023 that were less than $150,000. That was down from 37 percent of zones with sufficient data a year earlier. Another 604 zones (16 percent) had medians in the fourth quarter of last year ranging from $150,000 to $199,999.Median values in the fourth quarter of 2023 ranged from $200,000 to $299,999 in 825 Opportunity Zones (22 percent) while they topped the nationwide fourth-quarter median of $333,000 in just 768 (21 percent).The Midwest continued in the fourth quarter of 2023 to have larger portions of the lowest-priced Opportunity Zone tracts. Median home prices were less than $175,000 in 66 percent of zones in the Midwest, followed by the Northeast (46 percent), the South (45 percent) and the West (6 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 fourth quarter of 2023. Median household income data for tracts and counties comes from surveys taken by the U.S. Census Bureau (www.census.gov) from 2017 through 2021. 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 to power products that improve transparency, innovation, efficiency, and disruption 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 bulk file licenses, property data APIs, real estate market trends, property navigator and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud.

Media Contact:
Jennifer von Pohlmann
949.412.3897
jennifer.vonpohlmann@attomdata.com 

Data and Report Licensing:
949.502.8313
datareports@attomdata.com

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Redefining Charging: Anker Innovations Showcases Smart and Sustainable Solutions at CES and Unveils New Lineup in Taiwan

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January 13, 2025

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BELLEVUE, Wash., Jan. 13, 2025 /PRNewswire/ — Anker Innovations, a global leader in mobile charging and consumer electronics, today unveiled its latest groundbreaking charging innovations at the Consumer Electronics Show (CES), held January 7-10 in Las Vegas. Among the featured products from Anker mobile charging and Anker SOLIX are the 25,000mAh Anker Power Bank, Anker 140W Charger, EverForest 2 Electric Cooler and Solar Umbrella, redefining fast-charging standards for users worldwide.

The products mentioned above will soon be available in Southeast Asia as well. “As the world’s No.1 mobile charging brand, we are grateful for the support of Southeast Asian consumers,” said Leon Wu, Head of Anker Innovations Southeast Asia. “Our mission is to ignite possibilities through ultimate innovation, and we are committed to providing products that exceed consumer expectations in Southeast Asia.”

Anker Innovations, a global leader in fast-charging technologies, develops products for home, office, and on-the-go charging. By integrating Gallium Nitride (GaN) technology and proprietary features, Anker delivers a safer, faster, and more sustainable charging experience. The Anker Prime Charging Docking Station (14-in-1, 160W) won the CES 2025 Innovation Award in the Computer Peripherals & Accessories category.

Leading the Future of Charging Technology

Anker’s new line of high-speed USB-C chargers are available exclusively on apple.com and at select Apple Store in Taiwan, designed to meet a variety of charging needs and can efficiently charge Apple Watches, AirPods,iPhones, iPads, MacBooks, and more, making them the perfect companion for Apple devices.

As a global pioneer in charging technologies, Anker continues to push the boundaries of what’s possible. Featuring cutting-edge GaN technology, these latest products deliver faster speeds, reduced heat generation, and more compact designs compared to traditional silicon-based chargers.

More importantly, these innovations are designed with user insights in mind, transforming charging devices from cold hardware into interactive and connected ecosystems, solidifying Anker’s status as a leader in next-generation charging technology.

Anker has recently launched its new series in Taiwan, including the Anker MagGo Power Bank (10K, Slim), Anker Prime Power Bank (9.6K, 65W, Fusion), and Anker MagGo Power Bank (10K, 35W, For Apple Watch). Enjoy a NT$100 discount on new products with pre-orders from January 10 to February 9 on the official website.These new products are designed to provide Taiwanese consumers with an enhanced experience and greater benefits, offering superior convenience, performance, and functionality.

Anker MagGo Power Bank (10K, Slim)

Anker’s slimmest Magnetic power bank yet, the MagGo Power Bank (10K, Slim), measures just 0.58 × 2.78 × 4.09 inches, offering maximum portability. Featuring ultra-fast 15W Qi2-certified wireless charging, it can charge an iPhone 16 Pro from 0 to 50% in just 51 minutes. Additionally, its 30W USB-C port ensures broad device compatibility, showcasing Anker’s innovation in mobile charging.

The power bank combines a sleek matte UV finish with a sturdy metal frame, offering both durability and an ergonomic design. Aerogel thermal insulation keeps it cool to the touch, and its 10,000mAh capacity provides 1.7 times full charge for an iPhone 16 Pro, making it ideal for daily use and travel.

Anker MagGo Power Bank (10K, Slim) suggested retail price: NT$1,990.

Anker Prime Power Bank (9.6K, 65W, Fusion)

Anker continues to push the boundaries of innovation with the Anker Prime Power Bank (9.6K, 65W, Fusion), delivering powerful 65W high-speed charging. Even in power bank mode, the single Type-C port can fast charge a laptop at 65W. With its dual-function design, it serves both as a compact 9,600mAh power bank and a wall charger, offering unmatched flexibility for users on the go.

Despite its small size, weighing just 10.76 oz, the Anker Prime Power Bank packs monumental power, easily fitting into any pocket or bag. The 1.3-inch smart LCD display provides real-time updates on battery levels and power output, ensuring users stay fully informed during charging. This combination of portability, power, and smart functionality underscores Anker’s commitment to innovation in charging technology.

Anker Prime Power Bank (9.6K, 65W, Fusion) suggested retail price: NT$3,290.

Anker MagGo Power Bank (10K, 35W, For Apple Watch)

The MagGo Power Bank (10K, 35W, For Apple Watch) is designed to provide all-around charging for Apple devices with its 10,000mAh capacity. It features an adjustable, Apple-certified Apple Watch charger and a built-in USB-C cable, ensuring fast, on-the-go power. The power bank can charge an Apple Watch Series 10 from 0 to 30% in just 20 minutes, while its 30W USB-C port supports simultaneous charging of other devices, even more impressive, the input power is up to 30W, and the power bank supports simultaneous charging and recharging.

Compact and travel-friendly, the MagGo Magnetic Power Bank measures just 3.7 × 2.0 × 1.3 inches, making it as small as a standard mouse and fully flight-approved for easy portability. With the capacity to deliver 1.8 times full charges for an iPhone 16 Pro and 4 times full charges for an Apple Watch Series 10, this power bank showcases Anker’s commitment to combining innovation with convenience for Apple users.

Anker MagGo Power Bank (10K, 35W, For Apple Watch) suggested retail price: NT$2,490.

About Anker

Anker is the world’s #1 mobile charging brand and a developer of high-speed charging technologies for the home, car, and on the go. This includes wall plugs, wireless chargers, car chargers, power banks, cables, and more. Find out more about Anker at anker.com.

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Ishan Technologies Wins Frost & Sullivan’s 2024 Emerging Company of the Year Award in Network Services

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January 13, 2025

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AHMEDABAD, India, Jan. 13, 2025 /PRNewswire/ — Ishan Technologies, a leading ICT company specializing in system integration, network services, data center, cloud solutions, and cybersecurity, has been honored with the 2024 India Network Services Emerging Company of the Year Award by Frost & Sullivan. This prestigious recognition highlights Ishan Technologies’ exceptional performance and contribution to the network services industry over the past year.

Ishan Technologies has consistently demonstrated excellence through innovative solutions, customer-focused services, and a strong commitment to delivering value to its clients. By enabling businesses to thrive with reliable network services, the company has solidified its position as a key player in the Indian ICT sector.

On receiving the award, Mr. Pinkesh Kotecha, Chairman and Managing Director of Ishan Technologies, said, “We are truly honored to receive the 2024 India Network Services Emerging Company of the Year Award from Frost & Sullivan. At Ishan Technologies, we strive to stay ahead of the curve, continuously evolving to meet the dynamic needs of the ICT landscape. This award motivates us to further our commitment to innovation, sustainability, and exceptional customer experiences. We extend our heartfelt gratitude to Frost & Sullivan for acknowledging our efforts and to our employees, customers, and stakeholders for their unwavering support.”

The Frost & Sullivan Best Practices Awards recognize industry leaders who set benchmarks through their unique strategies and impactful contributions. Recipients are identified through comprehensive research and evaluation based on criteria such as market disruption, competitive differentiation, leadership, customer experience, and brand equity.

“Ishan Technologies has expanded its operations across 100+ locations in India, addressing the critical network and cloud connectivity challenges faced in industry. By partnering with Google Cloud for secure service access and Versa Networks for AI/ML-powered SASE solutions, they ensure the availability of 99.99% and provide enhanced network performance. These collaborations focus on secure, high-speed broadband, network connectivity, and cloud services, driving business growth, security, and digital transformation across India,” said Sapan Agarwal, Global Senior Vice President, Frost & Sullivan.

About Ishan Technologies

Ishan Technologies is a leading ICT provider with a pan-India presence, specializing in communication, network, cloud, and cybersecurity solutions. With over 20 years of experience, it is known for its expertise in system integration, data center services, and ISP capabilities, providing cutting-edge solutions that empower businesses to thrive in the digital age. With over two decades of experience and a commitment to innovation, Ishan continues to drive digital transformation for its clients across India.

For more information about Ishan Technologies, please visit our website www.ishantechnologies.com.

 

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Huawei Unveils a New Era of Foldable Excellence at ‘Unfold the Classic’ Launch in Dubai

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January 13, 2025

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DUBAI, UAE, Jan. 13, 2025 /PRNewswire/ — Huawei Consumer Business Group unveiled several highly anticipated products that ushers in a new era of flagship foldable excellence, as part of the “Unfold the Classic” HUAWEI Flagship Product Launch held in Dubai on December 12.

 

Amongst the brand new innovations include the HUAWEI Mate X6, HUAWEI nova 13 series, HUAWEI FreeBuds Pro 4, HUAWEI FreeClip Rose Gold and HUAWEI MatePad 11.5. This comprehensive suite of products represents a new era of flagship innovation, showcasing Huawei’s commitment to continuous advancement and elevating consumer engagement.

HUAWEI Mate X6: Makes a Stunning Global Debut

Headlining the HUAWEI Flagship Product Launch event is the next generation of their Mate series foldables, the HUAWEI Mate X6. An all-rounded and advanced smartphone that brings significant upgrades to display, camera, durability, user experience, and more.

HUAWEI Mate X6’s Space-Age Orbit around the camera layout gets inspiration from planetary orbits, symbolizing the infinite possibility of the future. The exclusive Nebula Gray edition is named after its nebula texture, smooth to the touch, which is crafted via Micro-Nano 3D Topography using an innovative material called Vegan Fiber. The HUAWEI Mate X6 is also available in Nebula Red and Black.

An innovative distributed architecture delivers a huge leap in HUAWEI Mate X6’s network, cooling, and durability.

The incredible camera system features a new Ultra Chroma Camera with 1.50 million spectral channels, a 50 MP Ultra Aperture Camera that supports a 10-size physical aperture, a 40 MP ultra-wide-angle camera, and a 48 MP telephoto micro camera, enabling breakthrough foldable photography.

HUAWEI Mate X6 introduces Live Multi-task, a new way to multi-task efficiently. With this feature, users can run three applications simultaneously with the screen unfolded in an expanded view.

HUAWEI XMAGE Dubai Gala: A Heartwarming World

Starting from Dubai on 9th May, after stops in Kuala Lumpur, Mexico City, Hong Kong, Shanghai, Shenzhen and Istanbul, A Heartwarming World — HUAWEI XMAGE Dubai Gala is the conclusion of the HUAWEI XMAGE worldwide shows in 2024. It showcased this year’s extraordinary winning works, which inspire consumers to use innovative HUAWEI products to create, to capture, and to challenge.

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