SANTA ANITA OFFERS 20 CENT SINGLE TICKET RAINBOW PICK SIX JACKPOT CARRYOVER OF $157,053 INTO SATURDAY; FIRST POST TIME FOR NINE-RACE CARD IS AT 12:30 P.M.
SANTA ANITA OFFERS 20 CENT SINGLE TICKET RAINBOW PICK SIX JACKPOT CARRYOVER OF $157,053 INTO SATURDAY; FIRST POST TIME FOR NINE-RACE CARD IS AT 12:30 P.M.ARCADIA, Calif. (Feb. 7, 2020)–In addition to a pair of graded stakes on a nine-race program, fans will be greeted on Saturday by a carryover of $157,053 in Santa Anita’s popular 20 cent Single Ticket Rainbow Pick Six Jackpot.With a carryover from Sunday of $135,744 to shoot at, $93,072 in new money was wagered today, creating a total pool of $228,816.With no singleton, there were 415 consolation tickets with six winners, each worth $119.90.First post time for Saturday’s nine-race card is at 12:30 p.m. with approximate post time for the fourth race, leg one in the Rainbow Six, at 1:58 p.m. PT.The Grade II, $200,000 Las Virgenes Stakes, for 3-year-old fillies at one mile, has been carded as Saturday’s fifth race, with the Richard Baltas-trained Venetian Harbor installed as the 2-5 morning line favorite.The Grade III, $100,000 Thunder Road Stakes, for older horses at one mile on turf, will go as race seven, with Simon Callaghan’s True Valour pegged as the 7-2 early favorite in a wide-open field of 10.Santa Anita’s admission gates will open at 10:30 a.m. Saturday. For additional information, please visit santaanita.com or call (626) 574-RACE.
Home Price Appreciation S&P CoreLogic Case Shiller Index 2016-09-27 Seth Welborn Share Appreciation Pace ‘Probably Not Sustainable’. . . But Have No Fear in Daily Dose, Data, Headlines, News The current pace of home price appreciation, considering that inflation is below the Federal Reserve’s target rate of 2 percent, is probably not sustainable, but the housing market is not in immediate danger of collapse similar to 2008, according to the S&P CoreLogic Case Shiller National Index for July 2016 released Tuesday.The index is just above half a percentage point from its all-time high—reached in 2006 during the bubble—and home prices appreciated by 5.1 percent over-the-year in July, slightly higher than June’s pace of 5.0 percent. The three cities with the highest over-the-year home price appreciation in July were Portland (12.4 percent), Seattle (11.2 percent), and Denver (9.4 percent).“The S&P CoreLogic Case Shiller National Index is within 0.6 percent of the record high set in July 2006,” said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Seven of the 20 cities have already set new record highs. The 10-year, 20-year, and National indices have been rising at about 5 percent per year over the last 24 months. Eight of the cities are seeing prices up 6 percent or more in the last year. Given that the overall inflation is a bit below 2 percent, the pace is probably not sustainable over the long term. The run-up to the financial crisis was marked with both rising home prices and rapid growth in mortgage debt. Currently, outstanding mortgage debt on one-to-four family homes is 12.6 percent below the peak seen in the first quarter of 2008 and up less than 2 percent in the last four quarters. There is no reason to fear that another massive collapse is around the corner.”CoreLogic’s Home Prices Insights Report for July reported a slightly higher increase in home prices year-over-year, at 5.4 percent excluding distressed sales (6.0 percent including distressed sales). That report stated that home prices are expected to appreciate at a rate of about 5 percent over the next year.“If mortgage rates continue to remain relatively low and job growth continues, as most forecasters expect, then home purchase are likely to rise in the coming year,” CoreLogic chief economist Dr. Frank Nothaft said. “The increased sales will support further price appreciation.”Since the last rate hike by the Fed in December, which was the first in nine years, mortgage rates have plummeted to near record lows. Analysts are forecasting that the economy will have shown enough gains to warrant another rate hike by the Fed in its December meeting.Mortgage rates are expected to stay low for the near term following such an action by the Fed. But what effect would it have on home price appreciation?“Both the housing sector and the economy continue to expand with home prices continuing to rise at about a 5 percent annual rate,” Blitzer said. “The statement issued last week by the Fed after its policy meeting confirms the central bank’s view that the economy will see further gains. Most analysts now expect the Fed to raise interest rates in December. After such Fed action, mortgage rates would still be at historically low levels and would not be a major negative for house prices.”Click here to view the complete S&P CoreLogic Case Shiller Index.Click here to view the complete CoreLogic Home Price Insights Report. September 27, 2016 665 Views