Murray celebrates 29th birthday with win over Djokovic in Rome Masters final

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first_imgJust a week after Djokovic had beaten him in the final of the Madrid Masters, the Scot gained his revenge over the world number one in another claycourt final with a superb 6-3, 6-3 win in one hour and 35 minutes.Djokovic was not at his best and in a grumpy mood, complaining on several occasions to the umpire about the slippery court surface on a damp day at the Foro Italico.Yet the defeat, just his third of the entire season, could not be totally put down to hints of weariness from Djokovic after a tough week’s work as he told Murray afterwards: “Well done Andy, you were just too good.”It was an emphatic triumph, after finishing runner-up in Madrid and making the semi-finals in Monte Carlo, to convince Murray that he now must have his best shot yet at winning the French Open, which begins next weekend.In the week that Murray announced an amicable split from coach Amelie Mauresmo, this was only the second time in their last 14 meetings that he had beaten Djokovic and it was his first victory in their six duels on clay.The light rain in the Italian capital really seemed to dampen Djokovic’s spirit as he complained to the umpire that it was “too dangerous” to continue but his appeals were brushed aside by the official, Damian Steiner.Murray was aggressive from the start, taking command in the light drizzle, and even when Djokovic appeared to be fighting back in the second set, Murray saved break points in successive games to begin imposing himself again.At the end, Djokovic capitulated with surprising swiftness, hitting a couple of errant forehands and a double fault at 3-5 down before Murray conjured up one inspirational backhand winner from way beyond the tramlines to lift the title.No British man had won the Italian title since Patrick Hughes in 1931 and the triumph will put Murray into the world number two spot on Monday ahead of Roger Federer before the second of the season’s slams starts in Paris.Reuterslast_img read more

Recessionary Conditions Ahead Says Delgado

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first_img“Recessionary Conditions Ahead,” Says Delgado 2019 Five Star Single-Family Rental Summit Charles Sells Ed Delgado Jeffrey Tesch Molly Boesel Sean Miller SFRS The Five Star Institute Tim Rood 2019-03-12 Donna Joseph March 12, 2019 971 Views in Daily Dose, Featured, News, Servicingcenter_img Experts from the housing and mortgage industry came together at the Guest House at Graceland in Memphis, Tennessee for the 2019 Five Star Single-Family Rental Summit (SFRS). The event, which began on Monday with an opening night reception launched into a full lineup of curriculum today and will run into tomorrow. The event is a deep-dive into the financing and strategic planning needed to invest in this dynamic market.During his opening remarks before an audience of SFR investors and portfolio managers, Five Star Global President & CEO Ed Delgado warned of emerging economic conditions suggesting a recession may be on the horizon for the U.S. economy. “There are several indicators that suggest the U.S. economy will enter a recessionary period at some point in 2020,” Delgado said, “including increased volatility in the manufacturing sector, a waning of both business and consumer sentiment, and a slowdown in the global markets under the looming condition of an inverted yield curve, all pointing to cooling of the economy in the next year.”Jeffrey Tesch, Managing Director at RCN Capital said, “As institutional money continues to flood the single-family investment space, rate compression and ease of aggregation for investors are better than ever. However, investors pooling SFR assets in multiple geographic regions across the United States are having a more difficult time than ever due to constraints on inventory. The content presented at the SFR Summit was a great lead into the Five Star annual event in Dallas in September,” Tesch shared.Charles Sells, Founder and Managing Director, The PIP Group, told DS News earlier that speculation about a possible recession is preoccupying some investors with “what if” scenarios spurred by uncertainty. “Investors have all talked about that 18-month window [for expecting a market correction],” Sells said. Traditional homebuyers (not investors) are just playing the wait-and-see game. They don’t want to buy right now because they’re afraid they’ll end up in upside-down mortgages. They’re all just hanging tight, not wanting to make that move,” he added.The discussion around SFR investment has become even more important in a market that’s seeing an increasing growth. According to a CoreLogic report, U.S. single-family rent prices increased 3.1 percent year-over-year in December 2018 compared with 2.9 percent in 2017, with low-end rental growth outpacing high-end gains for the fifth consecutive year in 2018.“The strengthening in rent prices reflects strong economic and labor markets,” said Molly Boesel, Principal Economist at CoreLogic. “However, low-end rental increases outpaced high-end increases for the fifth consecutive year, suggesting continued supply constraints on the lower end.”With a strong economy and labor markets continuing to propel SFR growth, experts at the summit said that now was clearly the time to collaborate on strategies to take SFR to the next level.“As the SFR market continues to grow, innovative investors are not only looking for new opportunities but also for creative ways to fund those investments,” Delgado said. “We are proud to host leaders of this asset class, which, in many cases, provides a stepping stone toward homeownership.”Sean Miller, President, PointCentral, told DS News that the market for single-family rentals (SFR) remains strong. “Owners and operators are trying to up their game as a way to serve that strong demand,” Miller said, “whether that’s combining portfolios or adding to their existing portfolios.” Overall, Miller predicted that 2019 would be another strong year for SFR.Tim Rood, Co-founder & Chairman at The Collingwood Group, LLC said, “The one thing I have noticed is that millennials have been renting single family homes once they start a family but their aspirations to ultimately buy a home are statistically comparable to previous generations. The only difference to previous generations is that Millenials are making their first home purchase later in life (mid-30s vs. mid- to-late 20s).”This year’s SFRS curriculum is divided into three broad subject areas with panels and keynote speakers providing more detailed insights into each topic.Tuesday’s discussions were split between the funding session from 9 a.m. to 1 p.m. and the acquisition and disposition session from 1 p.m. to 3 p.m. While the funding session focused on financing for fix and flip projects, creative funding for acquisitions, and getting the best financing deals, the sessions on acquisitions and disposition featured expert panels on elements that can impact buying opportunities, pricing portfolios for successful disposition, and getting the timing right on buying and selling an SFR investment.On Wednesday, the sessions on property management will look at how SFR investors can manage their portfolio while expanding their business, maintaining profitability through tenant retention, and technology that can fuel revenue generation for SFR investments. 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