EUGENE, OR – SEPTEMBER 14: A general view af the game between the Oregon Ducks and the Tennessee Volunteers on September 14, 2013 at the Autzen Stadium in Eugene, Oregon. (Photo by Jonathan Ferrey/Getty Images)With the release of the updated Coaches’ Poll this afternoon, all of the college football national rankings have been updated going into Week 2.There were a few changes on the charts, with Boise State and Nebraska entering the fold and Iowa State and Northwestern bowing out. Auburn made a sizable jump, while Oregon fell off as a result of their loss to the Tigers.It is very early in the season, and it will take some more time to sort out which teams are truly elite from the rest of the pack. However, it’s never too soon to look at who might be sitting a little higher than they deserve.By our estimation, here are the three “most overrated” teams in the updated Coaches’ Poll.Note, we listed them according to the order they were ranked in the poll, not by which we think is most overrated: No. 10 FloridaFull disclosure: we ranked Florida seventh in our preseason top 25, so we were buying into them pretty heavily. But the Gators did not look like a top-10 team in their season-opening win over Miami on August 24. They have to get more consistency out of Feleipe Franks if they are going to win double-digit games and make a run at the SEC East. We’ll see if the extra time off helped them this weekend.No. 16 WisconsinWe didn’t rank the Badgers in the preseason, but had them pegged as the “first team out.” Therefore, it feels like No. 16 is slightly high, even after an impressive beatdown of USF in Week 1. Jonathan Taylor is a superstar, but we need to see Wisconsin against some better competition before we have them on the cusp of the top 15.No. 18 OregonThe Ducks dropped five spots after losing to Auburn. Even though the Tigers are a quality team, we feel Oregon should have fallen just outside the top 20. This was a game you led by two touchdowns with a projected top-10 NFL Draft pick at quarterback and a freshman making his first start playing against you. That’s a brutal start to the season for a team expected to compete for the Pac-12 title.You can view the full Coaches’ Poll here. The latest AP top 25 is here.
WASHINGTON – Steady job growth, low mortgage rates and tight inventories helped fuel rising U.S. home prices in October.The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.5 per cent in the 12 months ending in October, up from a 5.4 per cent pace in September, according to a report released Tuesday.Home values have climbed at a roughly 5 per cent pace during much of 2015, as strong hiring has bolstered a real estate market still recovering from a housing bust that triggered a recession eight years ago. Home sales have increased this year as the 5 per cent unemployment rate has strengthened confidence in the economy.“The U.S. housing market as a whole made great progress in 2015, as the big and occasionally volatile bounce off the bottom we experienced from 2012 through 2014 gave way to a more stable and sustainable environment,” said Svenja Gudell, chief economist at the real estate firm Zillow.Rising demand, however, hasn’t been met with an increase in sales listings, causing prices to rise much faster than inflation or wages this year. This could limit the number of first-time buyers coming into the market next year. Still, many buyers are also benefiting from 30-year, fixed-rate mortgages averaging less than 4 per cent, making it cheaper to borrow for a home. Mortgage rates have historically been closer to 6 per cent.Borrowing costs are expected to rise shortly after the Federal Reserve this month raised a key short-term interest rate for the first time in nearly a decade. Yet the federal funds rate — what banks charge each other to lend overnight — remains low at 0.25 per cent to 0.5 per cent, such that mortgage rates are unlikely to return to their historic averages.When the Fed previously hiked this rate from 1 per cent to 5.25 per cent through the middle of 2007, mortgage rates increased a mere 0.75 points.“These data suggest that potential homebuyers need not fear runaway mortgage interest rates,” said David Blitzer, chairman of the index committee at S&P Dow Jones.But the gains have been uneven. San Francisco, Denver and Portland, Oregon led with reported increases of 10.9 per cent over the past year. Prices in Chicago and Washington, District of Columbia rose less than 2 per cent. The 20-city index remains 11.5 per cent below its peak in July 2006, with metro areas such as Cleveland, Detroit, Miami, Minneapolis and Tampa still significantly below their pre-recession highs.Sales of existing homes did slow in November, although that appears to largely reflect new mortgage disclosure rules rather than a decline in demand.The National Association of Realtors said last week that sales of existing homes tumbled 10.5 per cent to a seasonally adjusted annual rate of 4.76 million. Still, home sales are on track to rise roughly 5 per cent for the entire year.The limited supplies are pushing up prices as buyers are chasing a narrow inventory of properties. The number of listings on the market has dropped 1.9 per cent from a year ago, according to the Realtors.The Case-Shiller index covers roughly half of U.S. homes. The index measures prices compared with those in January 2000 and creates a three-month moving average. The October figures are the latest available.___This story has been corrected to show that the home prices report was released on Tuesday, not Thursday. US home prices rise 5.5 pct. from year earlier, boosted by job growth and low mortgage rates by Josh Boak, The Associated Press Posted Dec 29, 2015 7:02 am MDT Last Updated Dec 29, 2015 at 10:20 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email