CHARLOTTE, NC – DECEMBER 02: Kelly Bryant #2 of the Clemson Tigers reacts after a touchdown against the Miami Hurricanes in the third quarter during the ACC Football Championship at Bank of America Stadium on December 2, 2017 in Charlotte, North Carolina. (Photo by Streeter Lecka/Getty Images)Earlier this week, Clemson benched quarterback Kelly Bryant in favor of true freshman QB Trevor Lawrence. That decision by Dabo Swinney is under heavy scrutiny on Saturday afternoon after Lawrence left the game with an injury.Bryant could have hopped in as the team’s backup, but the senior decided to announce his transfer rather than sit on the sideline for the remainder of his career. He was afforded that opportunity by the new redshirt rule that allows players to redshirt if they’ve played fewer than four games in a season.With Clemson trailing Syracuse and Trevor Lawrence out of the game, many are calling for Kelly Bryant to come back to the program. But can he?According to Dennis Dodd, the answer is yes.Am told IF Kelly Bryant hasn’t withdrawn and IF he wanted to come back, there is a reinstatement process where he could return to Clemson.— Dennis Dodd (@dennisdoddcbs) September 29, 2018Now the question becomes, would he want to come back?We’ll have to wait and see. Meanwhile, Clemson trails 23-20 with just under nine minutes left in the game.
Sales of new US homes tick up 0.2 pct. in September; revisions wipe away much of August surge AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email WASHINGTON – U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.New-home sales edged up 0.2 per cent last month to a seasonally adjusted annual rate of 467,000, the Commerce Department reported Friday. The report also revised down the August sales rate to 466,000 from 504,000.The pace of sales for newly built homes has improved a mere 1.7 per cent so far this year compared to 2013. Only the South has experienced gains in buying year-to-date, while purchases have fallen in the Northeast, Midwest and West.Housing has struggled to fully rebound since the recession ended more than five years ago. Many potential buyers lack the savings and strong credit history needed to afford a home, causing them to rent or remain in their existing houses instead of upgrading.Construction and buyers of new homes have trickled back from the worst of the bust, but new-home sales remain drastically below the annual rate of 700,000 during the 1990s.Sales in the most expensive Western states declined in September, reversing some of the gains made in August. Because homes are pricier in the West, that pushed down the median price for a new home to $259,000 from $286,800 in the prior month.Analysts noted that the new-home sales report from the government is notoriously volatile from month to month, yet sales have basically been stuck in place for the past few years.“There is little evidence that the new single-family housing market is decisively breaking out of its medium-term flat pattern,” said Joshua Shapiro, chief U.S. economist at the forecasting firm MFR.Some of the financial pressures on homebuyers are starting to ease, yet it’s unlikely that will do much to suddenly boost sales of new homes in the final months of this year.Over the past two weeks, federal regulators have unveiled plans to loosen down payment requirements, and mortgage rates have tumbled below 4 per cent. Along with a slowdown in price growth, these factors could eventually help usher more buyers into the real estate market.Average rates for a 30-year mortgage fell to 3.92 per cent from 3.97 per cent last week, the mortgage company Freddie Mac reported. That is the lowest level since June 2013 and marks a solid decline from average rates that began the year at 4.53 per cent. When rates fall, it becomes cheaper for people to borrow and makes homes more affordable.But many potential buyers are unable to upgrade to a new home by selling their current home, as prices still have yet to exceed mortgage debt for much of the country.More than 8 million homes are “seriously underwater,” representing 15 per cent of all properties with a mortgage and roughly $1.4 trillion worth of negative equity, according to the housing data company RealtyTrac. The lasting damage from the housing bust continues to weigh on the market, preventing some homeowners from upgrading to larger houses and limiting the options of buyers.Builders have yet to meaningfully ramp up construction of single-family houses.Almost all of the 6.3 per cent growth in housing starts last month came from apartments and multi-family construction, the Commerce Department reported. Starts for single-family houses rose just 1.1 per cent in September compared to the prior month.Increased apartment construction reflects a broader shift toward renting. Many would-be buyers endured the loss of their financial savings and potentially their jobs during the recession. As wages have barely surpassed inflation during the recovery, a broad swath of Americans lack the income needed to buy a house.The troublesome housing landscape has created a paradox: It’s ostensibly cheaper to own for the time-being but more people are stuck renting, according to an analysis from the real estate data firm Trulia. A recent report by the firm found that current mortgage rates have made it 38 per cent cheaper to buy a home rather than renting, based on a seven-year timeframe.“Consumers tell us that the main obstacle to homeownership is the down payment,” said Jed Kolko, chief economist at Trulia in the report. “For those would-be homeowners —especially first-timers without savings or equity from another home — a low-down-payment mortgage might be the only option.”Federal regulators have announced plans this month to lower the down payment requirements for some Fannie Mae and Freddie Mac programs to 3 per cent from 5 per cent. by Josh Boak, The Associated Press Posted Oct 24, 2014 8:40 am MDT