The Ultimate Truth about Housing Affordability

There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.

On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability Index. According to NAR, the index…

“…measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.”

Their methodology states:

“To interpret the indices, a […] Read more

Tpg-Axon Management LP Has Cut Equifax (EFX) Holding as Valuation Rose; Soroban Capital Partners LP Has Lowered Its Union Pac (UNP) Stake as Share Value Rose

Tpg-Axon Management Lp decreased its stake in Equifax Inc (EFX) by 46.32% based on its latest 2018Q4 regulatory filing with the SEC. Tpg-Axon Management Lp sold 20,700 shares as the company’s stock rose 4.22% with the market. The hedge fund held 23,990 shares of the finance company at the end of 2018Q4, valued at $2.23M, down from 44,690 at the end of the previous reported quarter. Tpg-Axon Management Lp who had been investing in Equifax Inc for a number of months, seems to be less bullish one the $14.59B market cap company. The stock decreased 1.98% or $2.44 during the […] Read more

Open house at transformed United Way-built home in E. Patchogue

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23 Furman Avenue in E. Patchogue is being listed for $375,000, and there is an open house Saturday, June 1, from 12 – 3 p.m. Read more below.

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United Way of Long Island has partnered with the Suffolk County Landbank to transform a formerly abandoned structure into a state-of-the-art, healthy Smart Home for sale to the public.

Located at 23 Furman Avenue in East Patchogue (map below), this project leverages advanced technology for superior energy efficiency and performance. The house is just one of United Way’s state-of-the-art homes that generates little to no energy […] Read more

Columbus Hill Capital Management LP Lowered Stake in Equifax (EFX) by $3.49 Million as Market Valuation Rose; Energy Opportunities Capital Management Holds Stake in National Oilwell Varco Com (NOV)

Columbus Hill Capital Management Lp decreased its stake in Equifax Inc (EFX) by 24.95% based on its latest 2018Q4 regulatory filing with the SEC. Columbus Hill Capital Management Lp sold 37,500 shares as the company’s stock rose 4.22% with the market. The hedge fund held 112,791 shares of the finance company at the end of 2018Q4, valued at $10.50 million, down from 150,291 at the end of the previous reported quarter. Columbus Hill Capital Management Lp who had been investing in Equifax Inc for a number of months, seems to be less bullish one the $14.57B market cap company. The […] Read more

Meiji Yasuda Life Insurance Company Holding in Ugi New (UGI) Lowered by $1.57 Million; Equifax (EFX) Valuation Rose While Financial Engines Advisors Has Trimmed Its Holding

Financial Engines Advisors Llc decreased its stake in Equifax Inc (EFX) by 33.02% based on its latest 2018Q4 regulatory filing with the SEC. Financial Engines Advisors Llc sold 5,549 shares as the company’s stock rose 4.22% with the market. The institutional investor held 11,256 shares of the finance company at the end of 2018Q4, valued at $1.05 million, down from 16,805 at the end of the previous reported quarter. Financial Engines Advisors Llc who had been investing in Equifax Inc for a number of months, seems to be less bullish one the $14.57B market cap company. The stock decreased 2.07% […] Read more

Calculating The Intrinsic Value Of Equifax Inc. (NYSE:EFX) – Simply Wall St News

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Does the May share price for Equifax Inc. (NYSE:EFX) reflect what it’s really worth? Today, we will estimate the stock’s intrinsic value by taking the expected future cash flows and discounting them to today’s value. This is done using the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!

We generally believe that a company’s value is the present value of all of the […] Read more

NY Investigates Exposure of 885 Million Mortgage Documents — Krebs on Security

New York regulators are investigating a weakness that exposed 885 million mortgage records at First American Financial Corp. [NYSE:FAF] as the first test of the state’s strict new cybersecurity regulation. That measure, which went into effect in March 2019 and is considered among the toughest in the nation, requires financial companies to regularly audit and report on how they protect sensitive data, and provides for fines in cases where violations were reckless or willful.

On May 24, KrebsOnSecurity broke the news that First American had just fixed a weakness in its Web site that exposed approximately 885 million documents — many […] Read more

Checkers restaurant chain warns customers that hackers have their credit cards

Eating “crazy good” comes at a cost. Checkers Drive-In Restaurants, which runs one of the largest chains of drive-thru restaurants in the US under the slogan “crazy good food,” has warned customers that hackers made off with their credit card data.

According to the notice, the long-running breach started as early as 2015, when hackers infected Point of Sale (PoS) systems with malware designed to collect information stored on the magnetic stripe of payment cards. A list of affected restaurants and estimated periods of exposure can be found here. Around 15% of Cherckers restaurants were affected.

For more than three years, the […] Read more

Equifax Inc. (NYSE:EFX) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Equifax Inc. (NYSE:EFX) by 7.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,056 shares of the credit services provider’s stock after buying an additional 478 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Equifax were worth $836,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Majedie Asset Management Ltd acquired a new position in shares of […] Read more