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Here’s why you should call the Hoosier state home.

Indiana is celebrated for, among many other things, its agricultural prowess, its hardworking people and its top-tier higher education institutions. From the spanning farmlands to the rich culture, Indiana stands out in its own distinct way. But what is Indiana known for, exactly? It’s certainly not just cornfields and basketball: Let’s take a deeper dive into the intricacies and unique characteristics that make the Hoosier state such a great place to call home.

Employment

Historically known as a manufacturing hub, Indiana continues to play a pivotal role in the nation’s large-scale material production. The state hosts automotive giants, with companies like General Motors and Subaru operating major facilities. This industry not only provides jobs in production but also fuels ancillary industries, creating a ripple effect across the job market of the entire state.

The healthcare infrastructure in Indiana is robust, offering a ton of opportunities for professionals in a number of fields. Renowned medical institutions like Indiana University Health and the Mayo Clinic Care Network provide a spectrum of healthcare services and contribute significantly to the employment scene. From skilled medical practitioners to support staff, healthcare plays a vital role in the overall health of the statewide job market.

With renowned educational institutions like Purdue University and Indiana University, the state has a wealth of employment opportunities in academia and research. These institutions not only attract educators but also drive research and development initiatives, fostering innovation and intellectual growth.

Indiana’s business-friendly environment has nurtured a hard-working spirit. Startups and small businesses find ample support through various initiatives and incubation programs. This fosters a strong entrepreneurial ecosystem, contributing to widespread job creation and economic growth throughout the state.

Outside

Indiana is endowed with natural wonders that captivate outdoor enthusiasts. Indiana Dunes National Park, situated along the southern shore of Lake Michigan, boasts stunning sand dunes, pristine beaches and diverse ecosystems. The Hoosier National Forest, covering over 200,000 acres, is a haven for hiking, camping and wildlife observation to boot.

One of the most iconic attractions in Indiana is the Indianapolis Motor Speedway. Known as the Racing Capital of the World, it hosts the world-famous Indianapolis 500, the world’s largest single-day sporting event. Racing aficionados from around the globe flock to witness the thrilling spectacle of speed and skill.

Food

Indiana’s food scene reflects a rich amalgamation of flavors. The state is known for its Hoosier tenderloin sandwich — a delectable deep-fried pork or beef cutlet. For those with a sweet tooth, the Hoosier sugar cream pie is a local favorite, showcasing a delightful blend of sugar, cream and vanilla.

Five of the best restaurants in Indiana

With a thriving agricultural landscape, Indiana’s farm-to-table movement is strong thanks to the surrounding necessary resources. Farmers’ markets dot the state, offering fresh produce, artisanal cheeses and handmade crafts. These markets provide a glimpse into the heart of Indiana’s agricultural efficiency.

Culture

The Amish community has a strong presence in Indiana and contributes significantly to the state’s cultural diversity. Visitors can explore Amish country, characterized by simple living, traditional craftsmanship and horse-drawn buggies. Shipshewana, with its Amish-focused attractions and markets, is a window into this unique way of life.

Indiana has thriving artistic communities, like Bloomington and Nashville, where galleries, studios and theaters flourish. The Indiana University Art Museum in Bloomington showcases a diverse collection spanning centuries and traversing cultures. Brown County, often referred to as the “Art Colony of the Midwest,” attracts artists and amateur critics alike.

Entertainment

Indiana has left an indelible mark on the world of music. The legendary King of Pop, Michael Jackson, hailed from Gary, while the “Piano Man” Billy Joel was born in the state capital, Indianapolis. The Indianapolis Symphony Orchestra, known for its dynamic performances, adds a symphonic note to the state’s cultural landscape.

Throughout the year, Indiana hosts its fair share of festivals and fairs celebrating everything from food to arts. The Indiana State Fair, one of the oldest state fairs in the U.S., is a melting pot of experiences, with concerts and carnival fun for all.

It’s all about Indiana

With its unique blend of natural wonders, culinary delights, cultural richness and quality entertainment, Indiana invites exploration beyond the ordinary. This state, often overshadowed by its larger neighbors, stands as a testament to the richness and diversity that can be found in the heartland of America.

Ready to find your ideal Indiana apartment? You’ve come to the right place.

Source: rent.com

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JACKSON, MI – Since it began six years ago, Jackson nonprofit SOAR Café and Farms has strived to heal and house women who experienced trafficking, incarceration, addiction or abuse.

SOAR, which stands for “She Overcomes And Rises,” will look to fulfill that mission in a new home, with plans to transform the former Anna’s Gifts & Décor building, 401 N. Mechanic St., into a cafe, CEO and Founder Michelle Cochran said.

“It’s going to be a mentoring cafe because we’re going to be coaching ladies through employment of the cafe, and helping them gain more freedom and get back to sustainability,” Cochran said.

SOAR has operated out of the former Woman’s City club building at 300 S. Brown St., to house some women in need of services since 2019. Moving into a new facility will allow SOAR to support these women in other ways, such as employment and mentorship.

Related: Historic Jackson house renovated for women who have survived abuse

Anna’s Gifts & Décor, which closed at the beginning of 2023, offered a small cafe in the front of the store called Anna’s Porch Café, which shut down in 2021.

The building was purchased by Cornerstone Properties of Mid-Michigan’s owner Mary Garcia, who is also a SOAR board member. Garcia purchased the building with the intent to lease the facility to the nonprofit, she said.

“SOAR is a passion project for me,” Garcia said. “I’ve seen the success of the program, and if I can make a small contribution to continue that and expand that beyond just the residential program, it was always Michelle and mine’s vision.”

Related: ‘Nobody responded.’ Unanswered job listing forces Anna’s Porch Café to close after 23 years

Residents of SOAR, or even women in the community living with similar circumstances, will be able improve their work skills, make connections with the community and build their resumes by operating the cafe.

Eventually, it is the hope of Cochran to see the women outgrow it and move into the workforce.

“They (can) work there as long as they need or want to,” Cochran said. “When they are done getting the skills and education they need there, they move on to bigger and greater things and more ladies come and take their place.”

Once open, SOAR would like to serve a farm-to-table style menu with breakfast and lunch options. They are also hoping to incorporate a few items from the former Anna’s Porch Café’s menu, she said.

SOAR will also offer closed off sections for groups and meetings, a grab-and-go section, some retail space and some membership cubicles in the 10,000 square foot facility, Cochran said.

Proceeds from the cafe will go toward continuing to run Soar’s programs and the cafe, Cochran said.

Some renovations need to take place before this dream comes true. The cafe portion of the building will be relocated to the center of the store, and the porch will be transformed into cubical spaces.

The nonprofit is fundraising to purchase furniture, equipment and appliances with a goal of $90,000. People can donate to this effort through the SOAR website.

Construction will likely start in January, with a targeted completion of May of 2024, Garcia said.

Cochran is looking forward to offering a cafe inside of this location again, as well as offering women the place to grow and learn skills, she said.

“We’re excited about serving the community and serving the women we serve,” she said.

More information and updates can be found on SOAR’s Facebook page.

Want more Jackson-area news? Bookmark the local Jackson news page or sign up for the free “3@3 Jackson” daily newsletter.

Source: mlive.com

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Every family has their own reasons for choosing the type of Christmas tree that graces their home each December, but for me, nothing equals the smell of a live tree. Once a live tree is in the home, the unmistakable smell of pine, spruce or fir envelopes the room and our olfactory senses trigger fond memories of family Christmases from years ago.

Christmas tree growers would tell you that there are other reasons to choose a live Christmas tree over an artificial one, including the fact that live trees are more environmentally friendly. Christmas trees are planted specifically for harvest and subsequent replanting and an acre of Christmas trees produces enough oxygen to support 18 people each day, according to Ohio State University Extension research. Each Christmas tree will remove up to one ton of carbon dioxide from the atmosphere during its lifetime. And live Christmas trees can be recycled through chipping or composting.

Choosing a live tree

You can be assured of getting a fresh tree if you cut your own tree from a local Christmas tree farm. While this is a cherished family tradition for many, the convenience of purchasing a pre-cut tree is more desirable for others.

To check a pre-cut tree for freshness, look for flexible needles that remain firmly attached when you tug on them. All needled evergreens shed their oldest needles each year, so there is no need for concern when brown needles fall from the interior of the tree when you knock the base of the tree on the ground. Just be sure that these brown needles are thoroughly shaken off the tree before taking it indoors. If the outermost green needles pull out easily, or if they appear a dull, lifeless green, the tree may be past its prime.

Maintaining freshness and aroma

Plan to place your live tree in a stand with a basin that holds at least a gallon of water. A cut tree will absorb a surprising amount of water, particularly during the first week it is placed indoors, so replenish water daily. Avoid whittling down the sides of the trunk of the tree to fit into a stand. The outer layers of wood are the most efficient in taking up water and should not be removed. If the tree is to be stored for more than a couple of days before it is set up indoors, its trunk should be placed in water and it should be stored in a cool, shaded, and protected area such as an unheated garage.

5 tips for maintaining healthy houseplants during winter months

If the tree has been cut within 12 hours of set up indoors, it will not be necessary to recut the trunk. If it has been longer than 12 hours since harvest, the trunk should be re-cut to improve water uptake. Cut a ¼-inch-thick slice from the base of the trunk and be sure to make the cut perpendicular to the stem axis. Don’t cut the trunk at an angle or into a v-shape, as this will make it difficult to hold the tree in the stand and reduce the amount of water the tree will uptake.

How to plant paperwhites for the holiday season

Just in case the ground freezes before you have a chance to plant your living tree outdoors in January, its best to dig the planting hole now where you wish to plant the tree. Be sure to dig the planting hole two or three times wider than the container or root ball of the tree you plan to purchase. The hole should be dug to the same depth as the as the container or root ball. Soil dug from the hole can be stored in the garage in a wheelbarrow or in large containers to avoid freezing.

Mike Hogan is Extension Educator for Agriculture and Natural Resources and associate professor with Ohio State University Extension. [email protected]

Source: dispatch.com

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Situated in the heart of downtown Portland, Oregon, The Duniway is a Hilton hotel that offers travelers a relatively upscale boutique hotel atmosphere in a great location.

A short walk from many of the city’s most popular attractions, venues, restaurants and coffee shops, it’s a compelling option for guests looking to book a stay at a more locally-inspired hotel in the Hilton portfolio — after all, it’s named after Portland suffragist Abigail Scott Duniway.

Location

The Duniway sits at the corner of SW Taylor Street and SW 6th Avenue in Portland.

The feel around the hotel is a distinct city vibe, with nearby urban squares, tall buildings and Metropolitan Area Express (MAX) light rail trains quietly rumbling by every so often.

Staying here, you’ll be steps from a local winery’s tasting room, a short stroll from coffee shops and restaurants and an easy walk to popular gathering spots like the Arlene Schnizter Concert Hall (0.2 miles) and the Portland Art Museum (0.3 miles).

(Photo courtesy of Sean Cudahy)

Pioneer Courthouse Square, shown above, is just over a block away from the property.

The hotel is located on the west side of the Willamette River. If you want to reach the Oregon Convention Center, on the opposite bank, it’s a short drive.

Design elements

(Photo courtesy of Sean Cudahy)

When you walk into The Duniway, you’ll immediately encounter the contrast of dark brown wood and leather tones accented by pops of bright color.

(Photo courtesy of Sean Cudahy)

You can relax or work at one of the many tables or leather chairs, or make your way to the Mayrose Lounge Bar, which features coffee from local Portland coffee roasters as well as a full complement of alcoholic beverages.

(Photo courtesy of Sean Cudahy)

You’ll find Portland and Pacific Northwest-inspired imagery throughout the property.

Accomodations

(Photo courtesy of Sean Cudahy)

The Duniway features a relatively traditional room layout that’s been modernized with smart touches and thoughtful design.

(Photo courtesy of Sean Cudahy)

The focal point of the room is the 65-inch television integrated into a wooden floor-to-ceiling entertainment center.

(Photo courtesy of Sean Cudahy)

The comfortable bed is flanked by attached nightstands, on which you’ll find USB charging ports and reading lamps.

(Photo courtesy of Sean Cudahy)

Our room also offered a windowside loveseat and tables perfect for enjoying room service or getting some work done — although you might prefer the desk for the latter.

(Photo courtesy of Sean Cudahy)

We were upgraded to a high-floor room thanks to our reservation with Fine Hotels & Resorts (and my Hilton Gold elite status), which gave us a view of downtown Portland.

(Photo courtesy of Sean Cudahy)

The bathroom features a white marble vanity and single-use bath products (which is becoming more of a rarity these days) from Badgley Mischka.

(Photo courtesy of Sean Cudahy)

Though we didn’t request one, we received an accessible room assignment. As such, the room offered a roll-in shower as well as a bench and hand-held shower head.

(Photo courtesy of Sean Cudahy)

Finally, in an upgrade from more budget-oriented hotels — one that was appreciated by this coffee enthusiast — the room features Vittoria Coffee espresso machines.

Food and beverage

(Photo courtesy of Sean Cudahy)

Just off the lobby is the Mayrose restaurant, described by the property as an American brasserie that celebrates the progressive culture of Portland.

(Photo courtesy of Sean Cudahy)

The restaurant has an open concept feel and, depending on the time of day, is filled with natural light.

Though we didn’t find any single dish to be especially memorable, the meal was perfectly enjoyable and the menu offers plenty of options, whether you’re hoping to sit down and make full use of a property credit like us or simply enjoy a meal without having to leave the hotel premises.

(Photo courtesy of Sean Cudahy)

The highlight was definitely an appetizer — the seared gnocchi with pea puree and crispy prosciutto ($14).

(Photo courtesy of Sean Cudahy)

We also found the charred brussels sprouts topped with a fried egg yolk, crispy onions and sherry vinegar ($13) to be a bit of a unique take on a dish you find at many restaurants these days.

Our bill came to $97 which, thanks to our dining credit, meant we only had to pay for the tip out of pocket.

Our AmEx booking also entitled us to a breakfast credit of $30 per person, per day.

The Mayrose was packed for breakfast and brunch and featured menu offerings like scrambled biscuit sliders ($13) and an A.M. Banh Mi sandwich ($13).

(Photo courtesy of Sean Cudahy)

However, we decided to take advantage of a separate dining option the hotel offers: you can also use property credits and charge meals to your room at The Duniway’s sister hotel, the Hilton Portland Downtown, across the street.

(Photo courtesy of Sean Cudahy)

There, you’ll find the restaurant Hop City in the lobby, which includes a market-style area and a sit-down dining room where you can order from an a la carte menu or visit the hot buffet.

(Photo courtesy of Sean Cudahy)

My wife enjoyed her breakfast potatoes with an over-easy egg and aioli.

Amenities

(Photo courtesy of Sean Cudahy)

A highlight of The Duniway is Abigail’s Hideaway, a plant-filled courtyard on the 11th floor that provides an expansive outdoor area where guests can relax and get some fresh air.

(Photo courtesy of Sean Cudahy)

There are several sofas underneath string lights, plus heaters for those cooler Pacific Northwest evenings.

(Photo courtesy of Sean Cudahy)

Children might enjoy the giant chess board on the patio, which is open until 10 p.m. each night.

(Photo courtesy of Sean Cudahy)

Just inside, the gym includes a Peloton bike (like most Hilton properties in the U.S.) in addition to other exercise equipment and cardio machines.

(Photo courtesy of Sean Cudahy)

One room over, an indoor pool offers a place to go for a swim, though there’s not much room for lounging on the rather small pool deck.

How to get there

Located in downtown Portland, travelers arriving by air will likely fly into Portland International Airport, which is about a 15-minute drive from the hotel, depending on traffic.

By rideshare, my wife’s Lyft to the airport cost around $35, though that price can, of course, fluctuate with supply and demand.

(Photo courtesy of Sean Cudahy)

Departing later, I walked a block to catch the MAX Red Line to the airport for just $2.50. If I hadn’t run into construction delays and had to switch to a bus — which, to their credit, the hotel front desk warned me about — it would have been a pretty seamless (and inexpensive) trip.

If you’re traveling to Portland with a car or have a rental, parking at the hotel is a bit pricey, at $33 per night for self parking and $55 for valet service.

The Duniway hotel recapped

The Duniway puts guests in excellent proximity to all downtown Portland has to offer, and it offers a distinctly independent, un-corporate atmosphere — not unlike what you’d find at a Hilton Curio Collection-type property.

It also offers great value for American Express Fine Hotels & Resorts guests. Between a property credit and daily breakfast credits, my wife and I saved $220 during our two-night stay, while also getting access to complimentary premium Wi-FI and a guaranteed 4 p.m. checkout — which came in handy ahead of a red-eye flight back to the East Coast.

Terms apply.

(Top photo courtesy of Sean Cudahy)

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:

Source: nerdwallet.com

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Our Top Picks

Looking for a unique way to add elegance and character to your home or office? Modern wall sculptures are becoming increasingly popular for their ability to transform any room into a work of art. With various shapes, sizes, and materials available, we have researched and tested numerous options to bring you the top-ranking products in this category. Our evaluation criteria include design, durability, and customer reviews. There are a few considerations to keep in mind when choosing the right modern wall sculpture, such as size, shape, and materials, as well as color, texture, and overall design. By selecting a sculpture that complements your existing decor and furniture, you can add personality and style to your space. Stay tuned for our expert recommendations on the best modern wall sculptures.

LuxenHome Wall Decorations Metal Art Brown

The LuxenHome 2-Pieces Wall Decorations Metal Wall Art is a stunning addition to any modern home. Measuring 36 inches, this abstract luxury metal art wall decor features a brown frame and intricate metal sculptures that add a touch of elegance to any living room. Its durable construction ensures long-lasting use, and it can be easily mounted on any wall. This metal wall decor is perfect for adding a touch of sophistication to your home, and it’s sure to impress your guests.

Rated 9.9 based on 10
Luxury design, Easy to hang, Sturdy frame
Size may not fit
YUDACHU Metal Wall Art Gold Wall Decor

The YUDACHU Metal Wall Art is a stunning piece of decor that will elevate any living space. Measuring 59″ x 19.6″, this large 3D wall accent is made of high-quality metal and features a modern, creative geometric design in a beautiful gold finish. It’s perfect for adding a touch of elegance and sophistication to your living room, bedroom, or dining room. Easy to install and sure to impress, this wall sculpture is a must-have for anyone looking to elevate the look of their home.

Rated 9.4 based on 10
Modern and stylish design, Large size for impact, Can be used in multiple rooms
May require professional installation
Hananona Wall Sculptures Black Wall Decor.

The Hananona 3 Pcs Wall Sculptures Black Wall Decor is a stunning piece of modern art that will elevate any room in your home. Made with thick real metal, this minimalist wall art showcases the abstract female body in a single line design. The black color adds a touch of sophistication and elegance to any space. Hang these sculptures in a series or separately to create a unique and eye-catching display. The standard size makes it easy to fit in any room. Overall, this is a beautiful and unique piece of art that will impress your guests and add a touch of personality to your home decor.

Rated 9.2 based on 10
Real metal material, Minimalist modern design, Easy to hang
Only one color option
THCISL Metal Art Wall Decor Gold Sculptures

The THCISL Metal-Art-Wall-Decor is a stunning addition to any home decor. With its elegant gold finish and modern design, it is perfect for adding a touch of sophistication to your living room, entryway, foyer, hallway, bedroom, or home office. Measuring 35 X 11 IN, it is the ideal size for creating a focal point on any wall. Made from high-quality metal, this wall sculpture is durable and built to last. Its unique design is sure to impress and will make a statement in any room. Whether you’re looking to add a touch of glamour or simply elevate your home decor, the THCISL Metal-Art-Wall-Decor is the perfect choice.

Rated 8.9 based on 10
Modern wall sculptures, Golden metal finish, Suitable for various rooms
May not match all decor
Creoate Abstract Metal Wall Art Black-set

The Creoate Abstract Metal Wall Art is a stunning addition to any home decor. With its modern minimalist design and sleek black color, it adds a touch of sophistication to living rooms and bedrooms alike. Measuring 11×16 inches per panel, this set of 2 pieces is easy to install and makes a great statement piece. Made of high-quality metal, it is durable and long-lasting. Whether you’re looking for a new focal point for your space or just adding a finishing touch, the Creoate Abstract Metal Wall Art is a must-have.

Rated 8.6 based on 10
Modern and minimalist design, High-quality metal material, Easy installation process
May not match all decor styles
thlabe Metal Wall Art Leaves Sculpture

The thlabe Home Decor Metal Wall Art Leaves is a stunning piece of artwork that will elevate the look of any living space. Handmade and crafted with gold metal, this modern wall sculpture features intricate details in the form of blooming flowers and leaves. Measuring at a large size, it’s perfect for adding a touch of luxury to your living room or bedroom. It also makes for a great gift for any home decor lover. The 3D design adds depth and texture to your walls, making it a statement piece that will surely impress any visitor.

Rated 8.2 based on 10
Handmade for unique touch, Large size for statement piece, Versatile for different rooms
May be difficult to mount
Cindeer Black Metal Woman Wall Art Sculpture

The 6 Pieces Black Metal Wall Decor is a perfect addition to any modern home. Made with high-quality metal, this minimalist abstract woman wall art is a beautiful and aesthetic female wall sculpture line drawing that will add a touch of elegance to any room. Hang it in your kitchen, bedroom, bathroom or living room and enjoy the contemporary and stylish feel it brings to your wall decor. With its lightweight and easy-to-hang design, you can easily install it anywhere you want, making it a must-have for anyone who loves minimalist decor.

Rated 7.9 based on 10
Modern and minimalist design, High-quality black metal material, Easy to hang and install
May not suit all decor styles
Photect Metal Wall Art Decor

The 4 Pieces Metal Wall Art Decor is a perfect addition for those who want to add a touch of modern and minimalist art to their home or office. Made of high-quality black metal, these sculptures feature abstract female figures in elegant single line drawings. Measuring 12″x 12″ each, these wall accents are easy to hang and will complement any room décor. Ideal for the bathroom, living room, bedroom, or office, these sculptures are sure to impress and add a unique touch to your space.

Rated 7.6 based on 10
Modern minimalist design, Easy to hang, Versatile for any room
Limited color options
Gzsyyds Wood Mosaic Wall Art MSM-148A

The Gzsyyds Wood Mosaic Wall Art is a stunning piece of decor that will elevate any room in your home. Made from high-quality wood, this 3D wall sculpture features a modern minimalist design that adds a touch of sophistication to your living room or bedroom. Not only is it visually appealing, but it also doubles as an acoustic diffuser, improving the sound quality in your space. The framed wall sculpture is easy to install and is a perfect way to showcase your unique style. Available in the MS148A design, this wall art is a must-have for those who appreciate the beauty of natural materials.

Rated 7.4 based on 10
Modern and minimalist design, Adds depth and texture to walls, Can improve room acoustics
May not fit all decor styles
Touch of Class Rave Large Metal Wall Art

The Touch of Class Rave Large Metal Wall Art is a stunning addition to any modern or contemporary home. Measuring 46 inches wide, this metallic artwork features abstract shapes and a sleek design that is perfect for adding a touch of style to your living room, bedroom, or bathroom. Made from high-quality materials, this sculpture is durable and long-lasting, and its unique design is sure to make a statement in any space. Whether you’re looking for a focal point for your room or simply want to add some visual interest to your walls, the Touch of Class Rave Large Metal Wall Art is a must-have for any art lover.

Rated 7.1 based on 10
Modern and contemporary design, Large size for a statement piece, Versatile for various rooms
May not match all decor styles

FAQ

Q: What are modern wall sculptures?

A: Modern wall sculptures are artistic pieces that are specifically designed to be hung on walls. They come in different forms, sizes, and materials and can be used to add a touch of elegance, style, and personality to any space.

Q: How do I choose the right modern wall sculpture for my space?

A: When choosing a modern wall sculpture, consider the size of the space you want to decorate, the color scheme, and the overall style of the room. Look for a piece that complements the existing decor but also adds a unique touch. You can also consider the material and texture of the sculpture to bring depth and interest to the space.

Q: Where can I buy modern wall sculptures?

A: You can buy modern wall sculptures from a variety of sources, including art galleries, online retailers, and home decor stores. Look for a reputable seller that offers a wide selection of high-quality pieces at a reasonable price. You can also consider buying directly from the artist for a more personalized touch.

Conclusions

After reviewing several modern wall sculptures, it’s clear that this category of decor offers a wide range of options for any home or office space. From geometric designs to abstract shapes, these wall sculptures can add a touch of luxury and elegance to any room. Our review process focused on quality, design, and customer feedback, and we found that each of the products we reviewed offered unique features and benefits. Whether you’re looking for a large statement piece or a smaller accent, there is a modern wall sculpture for every taste and style. Overall, we highly recommend exploring this category of decor and finding the perfect piece to elevate your space.

Source: jpost.com

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Efficiency, AVM, POS Products; MI, Wholesaler, Correspondent News; STRATMOR M&A Interview

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Efficiency, AVM, POS Products; MI, Wholesaler, Correspondent News; STRATMOR M&A Interview

By:
Rob Chrisman

Wed, Nov 22 2023, 9:42 AM

“I threw my phone from the roof, and it broke. I guess airplane mode wasn’t working.” Plenty of folks will be traveling soon. Here’s some trivia for tomorrow at the dinner table! (One wonders if residential lending is heading in this direction) … But there are only 12 passenger airlines in the United States. That’s up from 10 just a few years ago but down from about 80 airlines at the peak industry in the 1980s due to a series of bankruptcies and mergers. Four of those companies (Delta, United, American, and Southwest) control 80 percent of the market, with the remaining 20 percent being low-budget airlines that are increasingly struggling. The average airline fare has declined 13 percent over the past year, and that’s been causing issues for the companies that specialize in lower fares, as many of their customers are now seeing the big guys as more accessible than before. (Today’s podcast can be found here, sponsored by Candor. Candor’s patented automated underwriting decision engine, CogniTech, is a state-of-the-art, 100 percent machine platform that can handle infinite loan scenarios. Hear an interview with the STRATMOR Group’s Garth Graham on M&A activity in 2023 and trends in the space heading into 2024.)

Lender and Broker Software, Products, and Services

With increased regulatory focus on property-valuation bias, lenders need robust risk-management processes in place. The recently released interagency proposals on AVM quality control and ROV-process guidance are designed to prevent valuation bias and help ensure industry stakeholders follow fair-lending practices. Watch our complimentary on-demand webinar to learn how you can prepare, and implement the tools needed to support the proposed AVM standards and ROV guidance.* Our experts discuss how to identify potential bias in valuations, ways to mitigate bias risk, how to monitor AVM and appraisal compliance with fair-lending requirements, and more. Watch this timely and important webinar here. *Check with your compliance or legal department for information on complying with applicable law.

Pipeline as dry as your mother-in-law’s turkey this time of year? Moisten it up with LiteSpeed by LenderLogix.

From zero to correspondent in 60 seconds… Building a correspondent channel requires exceptional customer service, precise execution, & immediate responses. Regular way, it’s costly & inefficient. Blue Water has solved this. Our comprehensive Correspondent-as-a-Service (CAAS) solution allows firms of ANY size to quickly streamline their operations and get up and running. Automated bidding provides instant pricing via email, branded portal & bid desk for sellers facilitated by our tape crack features and customizable seller settings. Ingest multi-seller tapes, price different product types, access agency pricing and LLPAs. (“Blue Water”) will integrate with your LOS for point and click onboarding, help you transfer loans, and manufacture clean product. Choose an optimal Servicing execution, best-ex in-bound loans and drive volume. Make $, grow your business and pay as you go with no upfront cost. From pricing, valuations, transactions, transfer, QC, to boarding, Blue Water makes it easy to scale up your business. Connect with our expert Sales Team.

Orion Lending slashed its annual expenses by $300,000 and boosted its conversion rate by 32 percent using Truv’s income and employment verification solution. “Truv transformed our verification process, expanding our reach and cutting costs,” asserts Richard Plummer, EVP of Operations at Orion Lending. Stop Overpaying. Highlights include impacting $300,000 annually in savings as a result of increased conversion rates, 32 percent end-to-end conversion rate, an increase of $100 in savings per application, implementing Truv in a couple of weeks, and reduced the loan manufacturing time and approval process by several days. Contact TRUV today for your income, employment, insurance, and asset verifications.

Miscellaneous Wholesaler, Correspondent, and MI News

Angel Oak Mortgage Solutions announced the release of its new DSRC Loan Calculator, providing borrowers with a quick and straightforward tool to estimate whether or not a property’s expected cash flows are sufficient to repay the mortgage loan. In tandem with Angel Oak’s DSCR Loan program, the DSCR Loan Calculator helps you show borrowers what their monthly fixed payment or monthly interest only payment would be depending on the option they seek.

Fifth Third Correspondent Lending News 2023-7-11.13.23 discusses Final Document Reminders, and Fannie Mae Products 2-4 Unit LTV.

PRMG Product Update 23-52 clarifies information on Expanded Access including multiple Financed Properties requirements for Pime and Plus connect, prepay is no longer allowed in KY and LA. Also, due to prepay not being allowed in KY, Investor Premier is no longer eligible in KY. Updates to Choice Products Profile and/or Expanded Guidelines which includes revisions to investment properties standard prepay penalty amount and increased maximum interested party contributions. Revised guidelines for Short Term Rental income. Updates to Product Profile and/or Expanded Guidelines on Choice Stretched Prime and Choice Non-Prime, Choice DSCR, and Closed End Second Products.

Reach more clients with loan programs that allow Manufactured Homes. LoanStream Mortgage knows the complexity of financing these types of homes and can help your borrowers attain a mortgage by offering a variety of loan solutions to fit their needs. Loan Programs allowing Purchase & Refinance Manufactured Homes include Conventional – Fannie Mae FNMA, RefiNow, FHA, VA, MaxONE. The following are not allowed on these programs: Non-QM / NanQ, Conventional – Freddie Mac – FHLMC, USDA, and Jumbo ONE.

Did you know that borrowers can turn cash-only properties into their dream homes with a renovation loan? When homes don’t meet the minimum property requirements (MPR), Plaza Home Mortgage® has the solution. Renovation loans can help elevate homes to meet MPR standards, and the improvements can even take place after the closing process. What’s more, qualified borrowers can be approved based on the future value of the improved property, making this option accessible to even first-time homebuyers. Renovation is becoming an increasingly popular strategy in today’s high-cost, tight inventory housing environment. Plaza Home Mortgage® makes it easy to capture more business in this growing lending segment. We offer multiple renovation loan options and have a department of dedicated renovation specialists to walk you through every step.

An ADU, or Accessory Dwelling Unit, is defined as an additional unit on a residential lot in addition to the main house (or main multi-family building). Recently in Los Angeles County, Orange County and California as a whole, new laws SB9 & SB10 and guidelines regarding ADU’s have been modified to allow for more ADU construction as a way to help solve the CA Housing shortage. The newer laws allow for much higher density in transit rich areas or urban infill areas. Visit 17th Street Capital for Lending Criteria & Guidelines.

The availability of 2-1 Seller Paid Buydown options with CalHFA programs from Kind Lending. This new option will be offered on both CalHFA Conforming & CalHFA FHA 1st loans: the Seller or Agent may provide buydown funds, subject to the standard IPC limits, Lender paid buydowns are not offered. Buydowns are allowed for conforming and high balance loan amounts. The borrower is qualified at the note rate fully amortized (not the buydown rate).

National MI announced updates and clarifications regarding underwriting changes to support affordable housing initiatives, effective November 18, 2023. View National MI Announcement Bulletin: UW 2023-04, and Servicing Guide for details. Additionally, National MI posted a Rescission Relief Guide in alignment with Fannie Mae and Freddie Mac retirement of Covid-19 forbearance requirements for all forbearance evaluations with an evaluation date on or after November 1, 2023, including evaluations for new forbearance plans and evaluations for extensions to existing Covid-19 forbearance plans.

Arch MI noted, “In response to Fannie Mae’s recent Desktop Underwriter Release Notes expanding LTV ratios for 2- to 4-unit properties and to further support affordable housing, Arch MI reminds our customers that our EZ DecisioningSM Program allows 2 to 4 units at a maximum 95% LTV ratio as follows…” (See the bulletin for full details.)

Radian MI revised its Eligibility Matrices to include One Underwrite (AUS) to reduce the minimum FICO from 700 to 620 for 3-4 unit properties.

MGIC reminded clients of the tools that can help turn renters into first time home buyers.

Capital Markets

Markets largely shrugged off the release of Fed minutes from the November meeting yesterday as old news with no surprises. Minutes showed that policymakers see room for additional tightening if incoming data shows insufficient progress toward slowing inflation, but they would also like to see more evidence to suggest that inflation is slowing toward the central bank’s target. Yes, the markets are pricing in rate cuts as early as March of 2024, but the markets and the Fed have been on different pages for most of the post-pandemic economy. Higher-for-longer rates have created a frozen U.S. housing market as homeowners are reluctant to sell and buyers are squeezed. The U.S. 30-year fixed mortgage rate has risen 460 basis points over the past three years.

Existing home sales fell 4.1 percent in October to a seasonally adjusted annual rate of 3.79 million, according to the National Association of Realtors. That is the slowest pace of sales since August 2010. Sales were down 14.6 percent from one year ago, though the median home price rose 3.4 percent to $391,800, the fourth consecutive month of year-over-year price increases. Sales continue to be hurt by persistent lack of housing inventory, high prices, and the highest mortgage rates in a generation. The inventory of unsold existing homes grew 1.8 percent from the previous month to the equivalent of 3.6 months’ supply at the current monthly sales pace. Multiple offers are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market.

As U.S. bond yields continue to fall, mortgage applications increased 3.0 percent from one week earlier, the third straight increase according to MBA. That kicked off today’s economic calendar, and was followed by October durable goods orders (soggy), and weekly jobless claims (209k, down from 231k, better than expected). Later today brings final November Michigan sentiment, Treasury announcing the auction sizes for next week’s 2-, 5-, and 7-year notes, and Freddie Mac’s Primary Mortgage Market Survey. Unlike Friday, today is not an early close, but it is likely to trade like one. We begin the last full session of the week with Thanksgiving looming tomorrow and an early close on Friday with Agency MBS prices better .125-.250 and the 10-year yielding 4.38 after closing yesterday at 4.42 percent.

Employment and Transitions

“It is with great pleasure that GHMC TPO announces the latest addition to our esteemed sales team: Mr. Tom Carroll. Tom assumes the role of National Account Executive, overseeing our Midwest region. We are excited about Tom joining our team and eagerly anticipate the opportunity for you to benefit firsthand from his experience and exemplary customer service. Furthermore, GHMC TPO has successfully completed the transition into the First Colony Mortgage family. We are on a mission to be the first choice of loan officers nationwide by offering consistent competitive pricing, superior service, and best in class technology. Check us out here or email Rex Hagood.”

“SWBC Mortgage fosters an environment where our Loan Officers can thrive and continue to provide exceptional service to their clients and partners, even during tough times. One of the most successful ways our team has stayed connected and engaged this year is by hosting educational workshops across the country. One in particular features Blake Hastings, SVP Corporate Strategy & Chief Economist at SWBC. As keynote speaker of 12 workshops, he has covered local and national economic analysis and provided dynamic forecasts for the coming months. Support is more important now than ever before. Because SWBC Mortgage has the right resources available to our teams, we are able to navigate challenges with resilience, while continuing to grow in a down market. To learn more about career opportunities at SWBC Mortgage contact Scott Brown, EVP of Retail Sales or visit us here.”

Movement Mortgage is helping builders and buyers navigate the high-rate environment with its new Lock It & List It program. Designed for new home builders, the program allows builders to lock in and buy down an interest rate today, PLUS pay up to the maximum amount of seller contributions toward closing costs. With Lock It & List It, builders can attract new buyers with competitive interest rates and closing cost savings, give buyers rate confidence with one free float down, and meet many buyers’ needs as the program is available for 30-year conventional, VA and FHA loans. By empowering builders to enhance home affordability and attract a broader pool of buyers, Movement is revolutionizing how builders navigate the complexities of today’s real estate landscape. Learn more here and contact Movement today to get locked in!

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Source: mortgagenewsdaily.com

Apache is functioning normally

New York City’s crackdown on short-term rentals such as Airbnb and Vrbo has begun, and the effects are being felt throughout the industry and among travelers visiting the area.

The city adopted Local Law 18, which requires hosts to register with the city or face stiff fines, in 2022, but enforcement didn’t begin until September 2023. Experts say the change has already reduced the number of short-term rental units in the city.

“The available listings for less than 30 days have fallen by 33.7% year-over-year,” says Bram Gallagher, an economist at AirDNA, a short-term rental analytics platform. “There’s big movement there.”

The law specifically targets stand-alone properties — that is, properties where neither the host nor other guests are on-site. Experts expect such rentals to see the biggest changes in availability. Yet, the reduction in supply for stand-alone units could drive up demand for shared spaces and hotels, leading to a potential increase in lodging prices across the board.

That’s what Roger Tran, a city employee from Ontario, Canada, experienced on a September vacation to New York City.

“New York is always going to be expensive, but to my surprise, Airbnbs weren’t cheaper at all than hotels,” Tran says. “I was looking in Manhattan, Queens, Brooklyn, Jersey City. I didn’t mind commuting, but even there it was expensive.”

Though it’s too early to say how the new law will ultimately shake out in New York’s vast lodging industry, it’s clear that the tide is shifting away from short-term rentals and into other forms.

NYC supply has dropped, prices are rising

In the rest of the country, the supply of short-term rental properties has been steadily increasing for the last few years. The number of available listings in the U.S. rose 14.5% in September 2023 to more than 1.5 million units compared with the same time last year, according to AirDNA data.

In other words, New York City is running against the current nationally in terms of adding short-term rentals.

“Supply in NYC has been flat over the last couple of months, which is noticeable since the number of listings had been increasing prior to that,” said Melanie Brown, executive director of data Insights for Key Data, a short-term rental market data service, in an email.

AirDNA’s Gallagher says New York ranked third from last in October among the top 50 short-term rental markets in terms of demand growth. That was behind even Maui, Hawaii; Cape Coral, Florida; and Fort Myers, Florida — areas that have suffered recent natural disasters.

Even though bookings slowed over the same time period, reduction in demand hasn’t kept pace with the tightening supply. As a result, prices are increasing, with average daily rates up 23% year-over-year in September compared with a 17% year-over-year increase in July for shared and private rooms, according to Key Data.

Rooms in shared accommodations are not affected by Local Law 18, suggesting that an overall contraction in supply is pushing guests to seek other options, driving prices higher even for units not restricted by the law.

The landscape is changing quickly

Beyond the simple logic of supply and demand fluctuations, experts say the new law’s enforcement has changed how — and where — hosts list their properties.

For example, because the law requires permitting only for bookings under 30 days, some hosts are changing how they list their properties.

“We’ve seen a big switch over from short-term rentals to long-term rentals, which are 30 days or more,” Gallagher says. “New York City has had a lot of those, and now it has even more.”

That might make sense for hosts, but it keeps the total supply of short-term units available on these platforms relatively flat. And for guests looking for short-term rentals, this will mean fewer options to choose from when searching.

Also, because the restrictions apply only to New York City itself, the new law has led many guests to seek accommodations on the other side of the Hudson River.

“Interestingly, the number one demand growth area was Jersey City and Newark,” Gallagher says, noting that bookings in this region of New Jersey rose a whopping 61% in October 2023 compared with the same month in 2022.

And though it’s too early to tell, the reduced options and higher costs of short-term rentals in the city could drive some travelers to seek other options. That’s where Tran landed on his recent trip.

“I went for a hostel, which was the cheapest option,” Tran says. “It was great. I was a 10-minute train ride from Times Square.”

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:

Source: nerdwallet.com

Apache is functioning normally

The Department of Veterans Affairs (VA) is pausing foreclosures on homes financed with VA loans for six months to help military borrowers in danger of losing their homes, a department spokesperson said in a statement to HousingWire on Monday.

The Veterans Assistance Partial Claim Payment program  — which began July 2021 — allowed military borrowers to skip six or 12 mortgage payments during the COVID-19 pandemic if they had a financial hardship. VA borrowers would resume making the regular payments when they were back on their feet and the missed payments would be moved to the end of the loan term.

The VA, however, ended the program in October 2022 despite the mortgage industry urging the department to delay its expiration, forcing borrowers to pay back payments quickly or refinance at higher interest rates.

The department said it will push all mortgage servicers to pause foreclosures of VA-guaranteed loans through May 31, 2024, according to the statement.

The VA’s decision to reverse course comes on the heels of an investigative NPR article reporting that thousands of VA loan borrowers risk losing their homes after the VA ended the assistance program.

About 6,000 borrowers with VA loans who had COVID-19-related forbearances are in the foreclosure process and 34,000 more are delinquent, according to NPR’s article citing data from ICE Mortgage Technology. 

The COVID-19 Refund Modification program – intended for borrowers who have not been able to financially recover from the pandemic back to their previous income level – was set to expire at the end of 2023, but is now extended through May 31.

The modification program allows military borrowers to obtain a zero-interest, deferred-payment loan from the VA to cover missed payments and modify their existing VA loan to achieve affordable monthly payments for the duration of the extension, the statement said.  

The department plans to launch a new VA Servicing Purchase (VASP) program to allow the VA to purchase defaulted VA loans from mortgage servicers. This will allow federal officials to modify the loans and place them in the VA-owned portfolio as direct loans.

The National Consumer Law Center applauded the VA’s decision saying the foreclosure pause will give VA borrowers a much-needed opportunity to access the VASP program.

“The foreclosure pause is badly needed as veteran borrowers have had no meaningful alternatives to foreclosure for over a year,” said Steve Sharpe, senior attorney at the National Consumer Law Center.

Last week, a group of Democrat U.S. Senators – Sherrod Brown of Ohio, Jon Tester of Montana, Jack Reed of Rhode Island and Tim Kaine of Virginia – wrote a letter urging VA Secretary Denis McDonough to protect military borrowers from foreclosure.

“VA previously offered solutions to help borrowers exit forbearance and get back on track with their payments. But for more than a year, veterans have not had a viable option to bring their mortgages current, leaving them vulnerable to losing their homes,” the letter read.

“In the meantime, tens of thousands of veterans and service members are left with no viable options to get back on track with payments and save their homes. Stories from across the country show that this is already having severe consequences for veterans and their families.”

Over the past year, the department said it helped more than 145,000 military borrowers and their families keep their homes and avoid foreclosure.

Source: housingwire.com