Demand for Homes Outpaces Current Supply Available

first_img in Featured, Media, News Demand for Homes Outpaces Current Supply Available  Print This Post Home / Featured / Demand for Homes Outpaces Current Supply Available Tagged with: DS News Lawrence Yun National Association of Realtors Pending Home Sales Index Is Rise in Forbearance Volume Cause for Concern? 2 days ago About Author: Sandra Lane Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img DS News Lawrence Yun National Association of Realtors Pending Home Sales Index 2017-02-27 Sandra Lane Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Pending home sales in January dipped to their lowest level in a year, according to the National Association of Realtors (NAR). This is deemed to be the result of limited inventory.In January, prospective homeowners faced numerous obstacles in their quest to buy a home, Lawrence Yun, NAR chief economist said. “The significant shortage of listings last month along with deteriorating affordability as the result of higher home prices and mortgage rates kept many would-be buyers at bay,” he said.This month, available homes are selling at a much faster rate than a year ago, he said. “Buyer traffic is easily outpacing seller traffic in several metro areas, In the West, it’s not uncommon to see a home come off the market within a month.”Yun’s comments are based on the Pending Home Sales Index, a forward-looking indicator based on contract signings. A sale is listed as pending when the contract has been signed, but the transaction has not closed, though the sale usually is finalized within one or two months of signing.This index shows that signings decreased 2.8 percent to 106.4 in January from an upwardly revised 109.5 in December 2016. Although last month’s index reading is 0.4 percent above last January, it is the lowest since then.Although interest in buying a home is the highest it has been since the Great Recession and home shoppers are feeling more confident about their financial situation, they are dealing with challenging supply shortages in many areas, resulting in higher prices. However, Yun pointed out that since job growth is strong in most of the country and the stock market has seen record gains in recent months, he thinks that these factors bode favorably for increased sales in coming months,”January’s accelerated price appreciation  is concerning because it’s more than double the pace of income growth, and mortgage rates are up considerably from six months ago,” Yun said. “Especially in the most expensive markets, prospective buyers will feel this squeeze to their budget and will likely have to come up with additional savings or compromise on home size or location.”Existing-home sales are forecast to be around 5.57 million this year, an increase of 2.2 percent from 2016 (5.45 million). The national median existing-home price this year is expected to increase around 4 percent. In 2016, existing sales increased 3.8 percent and prices rose 5.1 percent.”Sales got off to a fantastic start in January, but last month’s retreat in contract signings indicates that activity will likely be choppy in coming months as buyers compete for the meager number of listings in their price range,” Yun added.The PHSI in the Northeast rose 2.3 percent to 98.7 in January, and is now 3.6 percent above a year ago. In the Midwest, the index fell 5.0 percent to 99.5 in January and is now 3.8 percent lower than in January 2016.Pending home sales in the South inched higher (0.4 percent) to an index of 122.5 in January and are now 2.0 percent above last January. The index in the West dropped 9.8 percent in January to 94.6 and is now 0.4 percent lower than a year ago. Share Save Previous: Industry Organization Issues Requests for Proposals for Diversity Education Module Next: Fannie Mae Secures Second CIRT Transaction Sandra Lane has extensive experience covering the default servicing industry. She contributed regularly to DS News’ predecessor, REO Magazine, from 2004 to 2006, covering local market trends, the effects of macroeconomic shifts on market conditions, and “big-picture” analyses of industry-driving indicators. But her understanding of the mortgage and real estate business extends even beyond those pre-crisis days. She is a former real estate broker and grew up in what she calls “a real estate family.” A journalism graduate of the University of North Texas, she has written articles for various newspapers and trade journals, as well as company communications for several major corporations. February 27, 2017 3,085 Views Subscribelast_img read more

Jeff Bezos is a branding bozo

first_imgI love Jeff Bezos. I really do love him, but not for any reason you’re likely to guess. I love Jeff Bezos because I speak and write quite a bit about branding, and I’m always looking for examples to use as fodder for my witty commentary. One of my favorite topics is brand extension, and as if they were manna from heaven, Jeff Bezos and Amazon provide the perfect example of what not to do.For anyone unfamiliar with the term, brand extension is leveraging the strength of your brand in one product or product group to extend your business into other products. For example, Orville Redenbacher’s has been a very well-established and admired brand of traditional popcorn for as long as I can remember. So it makes sense that over the years, ConAgra has extended that brand to include microwave popcorn and popcorn oil. It all fits because it’s all popcorn, right?Then you have Amazon. Amazon started in 1994 as an online bookseller and eventually made the leap to general retailer in 1999. At the time, the thought of buying power tools from a bookstore struck me as a little odd, but Amazon pulled it off. That particular brand extension worked.In the ensuing years, however, Amazon has extended its brand in some truly ridiculous directions. The company got into tablets, smartphones, cloud computing, diapers, video on demand, groceries, and most recently, student loans. Keep in mind, that’s only a partial list. It’s brand extension run amok.Is Amazon an electronics company? A cloud company? A diaper company? A video company? A grocery company? A student loan company? No, Amazon still has an extremely strong brand, but only as an online retailer. (And if you’re a community financial institution that’s in the student loan business, I promise Amazon’s foray into student loans is no threat to you.) The rest of this stuff does nothing to help the Amazon brand. In fact, I’d argue that it actually weakens the brand.If Amazon becomes addicted to being the me-too brand for every imaginable product and service under the sun, it risks losing sight of its core business. Then someone with a little more focus will come along and clean Amazon’s clock.Jeff Bezos himself said it best: “There’s nothing about our model that can’t be copied over time. But you know, McDonald’s got copied. And it still built a huge, multibillion-dollar company. A lot of it comes down to the brand name. Brand names are more important online than they are in the physical world.”The thing that Bezos has failed to grasp is that McDonald’s stuck to burgers and fries, and would surely never dream of selling you diapers.The lesson here is that just because you can extend your brand into something new, that doesn’t necessarily mean you should extend your brand into something new. When it comes to brand extension, don’t be a Jeff; be an Orville. 22SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John San Filippo John is the co-founder of OmniChannel Communications, Inc., a company that specializes in B2B marketing to community financial institutions. He started out in the savings and loan industry, but wisely … Web: www.omnichannelcommunications.com Detailslast_img read more

Sold On Gold Coast: the best spots to bag a bargain in the south

first_img 2. Varsity Lakes Despite being on the beachfront, Tugun is considered cheap in comparison to some of its neighbouring suburbs.Tugun is so laid back its residents have given its already short title a nickname.Fondly known as Tugz (pronounced choogs), the beachside suburb on the southern Gold Coast is popular because of its village vibe. Located on the NSW and Queensland border, it is a small suburb nestled between Currumbin and Bilinga.It has arguably one of the best beaches but surprisingly, that’s not what people love most about it.The real charm is in its quiet streets, cafe culture and fish and chip shops.A number of fancy new restaurants and quirky cafes have popped up in Tugun Village over the past few years while a major upgrade to Golden Four Drive has made it easier and safer for cyclists and pedestrians to use. Despite being 15km from bustling suburbs like Broadbeach, Tugun has managed to retain the “old Gold Coast feel”.It has a diverse range of properties on offer, including old beach shacks and luxury homes.Several multimillion-dollar sales have been recorded in the suburb within the past year.An original two-storey beach house fetched $2.95 million at auction last year while an elevated house with sweeping views of the coastline sold for $1.135 million in April. Million-dollar homes aside, it is one of the Coast’s more affordable suburbs for both houses and apartments, according to latest CoreLogic data. Its median house price reached $635,000 following 2.4 per cent growth in the past year and 16 per cent in the past three years.The median unit price is $460,750 following 2 per cent growth in the past year and 15.9 per cent in the past three years.As Tugun is right next to the Gold Coast Airport, it is often the first suburb new arrivals see when they head north towards Surfers Paradise. 1. Mudgeeraba MORE NEWS: The three most expensive suburbs at the heart of the GC Median house price: $635,000 Median house rent: $620/weekMedian unit price: $460,750 Median unit rent: $455/weekAverage days on market: 37.5 Average hold period: 13 yearsPopulation: 6588Average weekly household income: $1288Median age: 41 Median house price: $599,000 Median house rent: $580/weekMedian unit price: $419,000Median unit rent: $460/weekAverage days on market: 44 Average hold period: 9 yearsPopulation: 15,026 Average weekly household income: $1363Median age: 34 Varsity Lakes, which is one of the south’s main activity hubs, has a lot to offer residents on the hunt for a bargain.Varsity Lakes has come a long way since its days as Stephens Swamp. Originally named after former Brisbane mayor and owner of the area Thomas Stephens in the 1860s, the suburb was renamed in 2003. Its reputation needed a reboot as it was known as a low socio-economic area — it now has a much more up-market image.More from news02:37International architect Desmond Brooks selling luxury beach villa10 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoThe $2 billion masterplanned community, which was developed by Lendlease in 1999, had an aim of creating a mixed-used area with an emphasis on job creation and blending residential, commercial and education in a village setting. The urban village feel of the area steered clear of the traditional high rise, beaches and bikinis vibe the Gold Coast is known for. Open space was at the forefront of the design with the area offering an 80ha lake, 56ha of open space and 20km of walking and bike tracks. The housing estates were built around Lake Orr, so those wanting to buy a relatively new waterfront home might find what they are after in Varsity Lakes. The suburb has a $599,000 median house price. Bond University also sits on the shores of Lake Orr and was Australia’s first private non-profit university. There are about 1000 staff and 4000 students who attend the institution. It has a focus on society, design, health sciences, medicine, business and law degrees. Adjacent to the university is the acclaimed Varsity College which caters from prep to Year 12. Varsity Lakes is nestled between Burleigh Waters and Robina with easy access to the Gold Coast’s second-largest shopping complex, Robina Town Centre. Two waterfront suburbs are among the three most affordable in the city’s south.THE city’s southern suburbs are renowned for their pristine beaches, village-like communities and laid-back vibes — that’s why so many people want to live there.But where are the best places to buy a property that won’t break the bank?Mudgeeraba, Varsity Lakes and Tugun were the three most affordable areas in the Gold Coast’s south as featured in the Bulletin’s Sold On Gold Coast — the Glitter Strip’s ultimate property guide.This is what makes these areas not only affordable but highly sought after. 3. Tugun MORE NEWS: Hot spots for luxury homes Median house price: $591,000 Median house rent: 550/weekMedian unit price: $41,500 Median unit rent: $433/weekAverage days on market: 34 Average hold period: 9 years Population: 13,624 Average weekly household income: $1550Median age: 38 Mudgeeraba is one of the south’s most affordable suburbs.Driving through the streets of the Mudgeeraba township is like stepping back in time.Its older-style country buildings and friendly residents give it a village charm that is hard not to love. It is one of the Coast’s larger suburbs bordered by Tallai, Worongary, Merrimac, Robina, Varsity Lakes, Reedy Creek and Bonogin. Located on the western side of the Pacific Motorway, it seems like a world away from the hustle and bustle of the Glitter Strip. But it is actually becoming more popular among younger demographics because it is only a short drive to the beach without the hefty price tag. With a median house price of $591,000, the suburb appeals to first-home buyers, growing families and investors.It has a mix of residential and small acreage properties.The area has long been popular among people who enjoy the country lifestyle.Like many country towns, it has a beloved old hotel that has stood for more than 100 years.The original Mudgeeraba Hotel, now known as the Wallaby Hotel, still remains today despite being built in 1884.It is also home to the Mudgeeraba Farmers’ Market, which is believed to be the oldest on the Gold Coast.Held at the Mudgeeraba Showgrounds on the second and fourth Saturday of each month, the market offers produce, coffee, jams, cheese, wine and baked goods from around the area. The suburb also has quaint restaurants, bed and breakfasts, cafes and art and craft galleries.One of the suburb’s major attractions is the annual Mudgeeraba Show, which showcases everything the area has to offer.As it is at the foot of the Hinterland, many people often travel through the suburb to get to Springbrook National Park. Source: CoreLogic data to April 2019last_img read more

Des Moines Black Lives Matter organizer faces felony criminal mischief charge

first_imgDES MOINES — A Des Moines Black Lives Matter organizer has been charged with felony criminal mischief after Des Moines Police accused Matthew Bruce of vandalizing a police vehicle.Photos from the Des Moines Register show protesters spray painting a police car at a Saturday protest at a Hy-Vee store.Bruce turned himself in Wednesday morning and got out on bail. He spoke to activists and reporters outside the Polk County Jail.  “This treatment right here ain’t going to do nothing but hype me up, make me louder, and get all of us turned up,” Bruce said, to cheers.Bruce says Des Moines police should be investigating two men who drove their pickup trucks at him and other protesters Saturday. Police say they didn’t receive formal complaints about those incidents.last_img

Dutch give Koeman first win by cruising past Portugal

first_img“The difference between tonight and last Friday is that we were more comfortable and scored quickly. The team had confidence.“It felt good with the new system and results like tonight make things easier.”Ronaldo was left incensed after his appeals for a penalty were waved away, despite replays appearing to show him kick the ground when attempting to shoot.Virgil van Dijk scored to help secure his first win as captain of the Netherlands national team in a 3-0 victory over Portugal last night! ?https://t.co/raBOHUZJvT pic.twitter.com/LYff4LX8uZ— LFC India (@LFCIndia) March 27, 2018– Kluivert debut –But the Netherlands doubled their lead just after the half-hour mark as Ryan Babel headed in Matthijs de Ligt’s driven cross from close range.The goal continued the Besiktas winger’s return to form, having only been recalled to the Dutch squad last year after a six-year absence.Things went from bad to worse for Portugal on the stroke of half-time, as De Ligt nodded down for Liverpool centre-back Van Dijk to volley into the far corner to score his first international goal.Share on: WhatsApp Pages: 1 2 Geneva, Switzerland | AFP | Ronald Koeman claimed his first win in charge of the Netherlands national team as the Dutch cruised to a comfortable 3-0 friendly victory over an uninspired Portugal in Geneva on Monday.The three-time World Cup runners-up have failed to qualify for this year’s finals in Russia, but Koeman’s second game at the helm saw goals from Memphis Depay, Ryan Babel and Virgil van Dijk seal an impressive win.It was a disappointing evening for European champions Portugal ahead of the World Cup, as talisman Cristiano Ronaldo cut an isolated figure just three days after his late brace had seen off Egypt 2-1. “They had four chances and scored three times, they deserved their victory,” said Portugal coach Fernando Santos.“Two years ago, before the Euros, we lost at home against Bulgaria. I don’t think we have lost confidence, I still believe in these players for the future.”The Netherlands, who lost 1-0 to England in Amsterdam on Friday, opened the scoring in the 11th minute as Depay grabbed the first goal of the Koeman era by turning home from inside the box.That strike came against the run of play as Portugal had dominated the early stages against an unusual 5-3-2 formation deployed by the Dutch.“We decided to play with a system totally different from the one that the team has been using for a number of years,” said former Everton boss Koeman.last_img read more

Lovely Locks Will Be Shaved When Home Instead Senior Care Team…

first_imgSubmitted by Shane Hedberg for Home Instead Senior CareMost of us, if not all, are willing to physically protect a child should the need arise. Our sad reality, however, is that not everything that threatens children is something that can be physically fended off. Once every three minutes, a parent is told that their child has cancer; it’s an experience that no one can imagine, and no one should have to go through. From that moment on the child is no longer a mere child, but a gladiator in a fight for their life.Childhood cancer is a tragedy for everyone it touches, and it touches more people than you might think. In spite of the horrors of the illness, however, little cancer research is geared directly with children in mind. In the face of overwhelming odds, we are lucky to have the St. Baldrick’s Foundation.The St. Baldrick’s Foundation has pledged to help end the fight against childhood cancer by funding research not only specifically geared toward children, but also geared toward saving their lifelong health from being damaged by the treatments. And luckily for the St. Baldrick’s Foundation, they have four new warriors on their side this year.At the Home Instead Senior Care office in Olympia are four women who have pledged to raise $4,000 for the St. Baldrick’s Rock, Paper, Scissors fundraiser on June 8th in Seattle. For the privilege of receiving your donations Michelle, Andrea, Carlena, and Jennifer will shave their heads. Why? Because they all agree that in the face of childhood cancer, hair is entirely meaningless.To assist with these noble ladies’ endeavor, donations can be made through this group or in person at the office located at 1217 Cooper Pt Rd. SW Ste. 8. If you have questions, you can call Jennifer at 360-570-0049 ex. 107. For updates you can visit the South Sound Home Instead Senior Care Facebook page.ABOUT THE PARTICIPATING STAFF:Carlena ElliottAge: 27I recently had a friend who’s young niece Sadie-Lynn lost her fight to a very rare form of brain cancer known as AT/RT (Atypical Teratoid/Rhabdoid Tumor).  I have two small children and like any parent would be devastated if a tragedy like childhood cancer presented itself to my kids. After learning about Sadie and the Sadie’s Fight Foundation I became passionate about helping to find cures for childhood cancers. St. Baldricks like Sadie’s Fight is an incredible non-profit organization and I am happy to be taking part of something so big with a team of girls so great.Jennifer McCleesAge: 28I was born and raised in Tumwater, WA.  I am married to Dave McClees and I have 3 kids: Brady (7), Aspen (5) and Porter (1).  My father is a 2-time cancer survivor and I have lost people close to me to cancer.  Having three kids of my own and having been affected by cancer, I want to do everything I can to raise awareness and help find a cure.  Shaving my head is the least I can do to help.  One of my favorite quotes: “Never doubt that a small group of thoughtful, committed people can change the world.  Indeed, it is the only thing that ever has.” – Margaret MeadMichelle WebbAge: 26Reason why: Why wouldn’t you commit to such a great cause? Raising funds and awareness to support childhood cancer research is a worthy reason itself, but for me personally being able to selflessly give in support of all children and their families going through such a tremendous struggle is reason enough for me.Andrea GarnerAge: 25My name is Andrea Garner and I’m married to Shane Hedberg. Our family has been affected by cancer in many different forms, all of which hold their own tragedies and stories of absolute triumph. When I was approached and asked to fund raise and shave my head in support of childhood cancer research, there was no hesitation. I’m looking forward to the journey and the eradication of these diseases. Facebook38Tweet0Pin0last_img read more

This App is Rated R: Mobile App Stores to Institute App Rating System

first_imgRelated Posts Why Tech Companies Need Simpler Terms of Servic… marshall kirkpatrick Top Reasons to Go With Managed WordPress Hosting The CTIA Wireless Association announced this afternoon that it will add a new voluntary App Rating System to its list of industry guidelines. Participating app stores will allow parents to block access by children to apps rated suitable for adults only. It seems likely that new adult apps will thus be made available as well. From the sacred to the profane, effective content ratings and guidelines could create a safe haven for all kinds of new apps and commerce to flourish.No such ratings system has been built yet, but the organization announced today the availability of a Request for Proposals for outside vendors to build it. The guiding principle will be that app creators will submit information about the contents of their apps at the time of submission to participating app stores and then the ratings would be applied automatically. No list of which app stores will participate is available yet, but the organization’s membership includes both Apple and Google, among many others.CTIA uses the number 800,000 to reference the large number of apps at issue. That’s substantially higher than the number of apps included if you add up the iTunes and Android Marketplace numbers together (that would be 500,000). In other words, it seems that the organization is hoping or presuming that Google and Apple will participate. It seems unlikely that the system would be announced without some favorable consultation of those two most relevant members of the association.This Could Get ComplicatedWhile a system intended to protect childeren by offering app ratings sounds like a good idea, it also sounds like it could become complicated. Voluntary ratings could prove ineffective, for one thing. The line between what’s appropriate or innapropriate for children is also a subjective one. Wherever the line gets drawn regarding innapropriate content, you can probably expect someone to protest it.Dirty dirty apps don’t seem like a big problem today, either. Perhaps that’s just because there’s no way to keep the kids safe so they all get nuked from iTunes. It seems likely that app producers and marketplaces would like to draw a line in order to cash in on apps that are on the other side of it. The industry may also be creating voluntary parental control ratings proactively in order to pre-empt a non-voluntary, independent ratings system created by government or other parties. Crazy Days Are Over?In seperate but realted news, members of the US Congress today asked Apple to remove from its app store crowd-sourced traffic tracking apps that allowed users to alert eachother to the location of drunk-driving police check-points.In as much as it’s been a self-policed Wild West out there in app land so far, those days may soon come to an end. Where there is rule of law, they say, there can be scalable commerce.center_img A Web Developer’s New Best Friend is the AI Wai… Tags:#conferences#CTIA 2011#web 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Silicon Valley, Meet Innovation From Great Rift Valley

first_img steve hamm Massive Non-Desk Workforce is an Opportunity fo… IT + Project Management: A Love Affair Tags:#Africa Related Posts 3 Areas of Your Business that Need Tech Now Across Africa, an innovation culture is starting to emerge. In Kenya, PesaPal piggybacks on the popular M-PESA mobile payments service, enabling Kenyans to buy and sell on the Internet. Tanzania’s Techno Brain is selling software for managing businesses in 13 countries. And South Africa’s Cobi Interactive, a mobile communications software company, is developing popular applications for smart phones.Yet for Africa to fulfill its potential and emerge among the world’s economic tigers, social and business leaders agree that much more innovation must happen there. The continent’s cities, universities, entrepreneurs and commercial R&D organizations can become engines of innovation producing new products and services that are tailored for the African experience. And, in order to make this transition, African institutions and businesses–plus multinational corporations –must work together to create innovation ecosystems that foster this kind of creativity.At IBM’s Smarter Planet Leadership Forum today in Nairobi, Kenya, CEO Ginni Rometty said IBM hopes to work collaboratively with the people and institutions in Africa: “We want to be seen as a citizen of the countries, essential to the government, companies and people.” Rometty said IBM’s decision to locate an IBM Research laboratory on the continent–beginning with an office in Nairobi–sends the strong signal about the company’s commitment to Africa. The message is clear: Rometty wants IBM to play an active role in building innovation ecosystems in Africa.Taking Silicon Valley On The RoadCalifornia’s Silicon Valley is the prototype innovation ecosystem. It benefitted from the combination of good universities, entrepreneurial companies, government incentives and robust supplies of venture capital. Many of other places have tried to copy Silicon Valley’s formula—some quite successfully, among them Bangalore, India, and Singapore.Kenya is among the countries in Africa that have the potential of creating a vibrant innovation ecosystem. Students and entrepreneurs dream of tapping science and technology to solve social and business problems. Universities aim to expand their research and teaching programs in science, math and technology. Business leaders are creating startup incubators to encourage entrepreneurship—places like iHub, FabLab Nairobi and NaiLab.The government is playing a vital role, too, by making bold moves aimed at establishing Kenya as an information technology hub for East Africa. The government recently broke ground for Konzo Techno City, a new municipality being built from scratch south of Nairobi to bring research universities, corporations and government agencies together to support job creation, research collaboration and economic development. Another key move was the launch by the Kenya ICT Board of an incubation program for high-tech startups—including seed capital funding. “If we can build the skills and innovate, it will change the entire continent,” said Bitange Ndemo, permanent secretary of Kenya’s ministry of information and science.Private Interests Play Key RoleBut there’s an important role for foreign companies and academic institutions to play, as well—as partners with African institutions in making progress. IBM Research’s new research laboratory in Nairobi is the first basic scientific research lab to be established in Africa by a foreign multinational firm. We have allied with Catholic University of Eastern Africa to locate the lab on its Nairobi campus.The goal of the lab is to produce innovations within Africa and also bring in great ideas from IBM’s other 11 research labs around the world. “We want to create technology solutions optimized for Africa that can be exported to the rest of the developing world,” John Kelly, senior vice president and director of IBM Research said earlier this week.While the first lab office is in Nairobi, IBM plans on expanding elsewhere around the continent and also performing collaborative research with a number of universities. Already, the company is engaging with the University of Nairobi and Strathmore University in collaborative programs where scientists from IBM will work with university faculty members on projects of mutual interest.In another sign that Kenya is beginning to offer an attractive academic environment, Columbia University, one of the leading academic institutions in the United States, has set up Columbia Global Centre/Africa as a venue for research aimed at helping African nations reach their UN Millennium Development Goals.We believe that foreign firms and institutions won’t succeed if they try to build islands of expertise. They must work with local universities on collaborative research and to improve the quality of degree programs. Sure, if this happens it will mean that IBM Research will have to compete vigorously to recruit and retain the most skilled and ambitious young people. But so be it. “This is a long term investment,” said Kelly. “We’re here to help build the skills and, hopefully, we’ll get our fair share of the most talented graduates.”Article and video courtesy of A Smarter Planet. Lead image courtesy of Shutterstock. Cognitive Automation is the Immediate Future of…last_img read more