All Ocean City schools will be closed on Monday (March 3) as a winter storm threatens to dump as much as a foot of snow on the island.New weather forecasting models updated on Sunday show the potential for a significant snowfall for Ocean City and southern New Jersey on Monday.A National Weather Service winter storm warning is in effect from 9 p.m. Sunday through 4 p.m. Monday.The latest forecast predicts 6 to 12 inches of snow will accumulate in Ocean City on Monday after precipitation starts as rain, freezing rain and sleet on Sunday night. Snow forecast maps released by the NWS on Saturday had called for 10 to 14 inches. Wind gusts up to 40 mph out of the north are possible on the coast late Sunday night through Monday. The marine forecast suggests winds will be strong enough to send a light freezing spray onto the island.With a new moon having passed on Saturday, minor tidal flooding is possible with the highest tides expected at 9:32 a.m. and 9:55 p.m. on the bay side of Ocean City, where flooding is usually worse. Residents on low-elevation streets may want to consider moving their vehicles to higher ground.Near record cold will follow the storm with the low temperature on Monday night predicted at 11 degrees. Philadelphia is just 6 inches shy of the second snowiest winter on record (65.5 inches in 1995-96). As in most winters, the coastal region saw less snow. Atlantic City International Airport in nearby Egg Harbor Township has recorded 28.2 inches this winter.The Ocean City Police Department reminds residents that all parked cars must be removed from the entire length of West Avenue (snow emergency route) when the roadway is covered by snow. Violators will be ticketed.The ocean water temperature is 36.9 degrees, and for summer lovers, there are just 84 days until the start of Memorial Day Weekend.
Vermont ranks fifth in the nation home price increase from June to May. CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its June Home Price Index (HPI) which shows that home prices in the U.S. increased by 0.7 percent in June 2011 compared to May 2011, the third consecutive month-over-month increase. According to CoreLogic, national home prices, including distressed sales, declined by 6.8 percent in June 2011 compared to June 2010 after declining by 6.7 percent* in May 2011 compared to May 2010. Excluding distressed sales, year-over-year prices declined by 1.1 percent in June 2011 compared to June 2010 and by 2.1* percent in May 2011 compared to May 2010. Distressed sales include short sales and real estate owned (REO) transactions. “While there is a consistent and sustained seasonal improvement in prices over the last three months, prices are lower than a year ago due to the decline in prices after the expiration of the tax credit last year. The difference between the overall HPI and our index excluding distressed sales indicates that the price declines are more concentrated in the distressed sales market,” said Mark Fleming, chief economist for CoreLogic.Highlights as of June 2011Including distressed sales, the five states with the highest appreciation were: New York (+3.3 percent), the District of Columbia (+2.4 percent),North Dakota (+1.2 percent), Alaska (+0.1 percent) and Nebraska (+0.1 percent).Including distressed sales, the five states with the greatest depreciation were: Nevada (-12.4 percent), Idaho (-12.3 percent), Arizona (-12.3 percent), Illinois (-12.2 percent) and Minnesota (-9.6 percent).Excluding distressed sales, the five states with the highest appreciation were: North Dakota (+5.9 percent),New York (+4.6 percent),West Virginia (+3.6 percent), Texas (+2.8 percent) and Vermont(+2.6 percent).Excluding distressed sales, the five states with the greatest depreciation were: Nevada (-9.9 percent), Arizona (-8.0 percent), Mississippi (-7.3 percent), Minnesota (-6.8 percent) and Delaware(-6.7 percent).Including distressed transactions, the peak-to-current change in the national HPI (from April 2006to June 2011) was -31.7 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -21.4 percent. Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 86 are showing year-over-year declines in June, five less than May. Full-month June 2011 national, state-level and top CBSA-level data can be found athttp://www.corelogic.com/About-Us/ResearchTrends/Home-Price-Index.aspx(link is external)*May data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results. MethodologyThe CoreLogic HPI incorporates more than 30 years worth of repeat sales transactions, representing more than 65 million observations sourced from CoreLogic industry-leading property information and its securities and servicing databases. The CoreLogic HPI provides a multi-tier market evaluation based on price, time between sales, property type, loan type (conforming vs. nonconforming), and distressed sales. The CoreLogic HPI is a repeat-sales index that tracks increases and decreases in sales prices for the same homes over time, which provides a more accurate “constant-quality” view of pricing trends than basing analysis on all home sales. The CoreLogic HPI provides the most comprehensive set of monthly home price indices and median sales prices available covering 6,534 ZIP codes (59 percent of total U.S. population), 608 Core Based Statistical Areas (86 percent of total U.S. population) and 1,129 counties (84 percent of total U.S. population) located in all 50 states and the District of Columbia. About CoreLogicCoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2010 revenues of $1.6 billion. For more information visit www.corelogic.com(link is external). Source: CoreLogic SANTA ANA, Calif., Aug. 3, 2011 /PRNewswire/ —
After making his English Premier League debut for Chelsea this weekend, Ghana star Baba Rahman says he hopes to get better with more games.The left-back started and finished the game in the absence of injured Serbian Branislav Ivanovic, and although appearing a tad shaky at times, he did his bit to help the Blues to a 2-0 win over visiting Aston Villa.He is now hoping he can build on his performance with games against Dynamo Kiev – in the UEFA Champions League – and West Ham over the course of the next week.”Everybody is happy and we are hoping things continue to go this way,” said Baba. “It was a hard game but the most important thing was to get the win.”I think I still need to learn more and I want to improve game after game.”We are looking forward to all the games and we just want to keep on winning.” Fellow Ghana international Jordan Ayew started for Villa and lasted 68 minutes before giving way to Mali’s Adama Traore. Benin striker Rudy Gestede and Senegal midfielder Idrissa Gueye played the entire game for the visitors.–Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySports