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The Housing Trends And Factors For 2016




The Housing Trends And Factors For 2016

What does the future hold for purchasing homes? What trends will we most likely see for 2016?

There are predictions that it may be harder to buy a home in 2016 due to several factors.  Even if our economy is producing more employment, this will most likely lead to interest rates going up because of lack of housing.

A study done by Blomquist reflects 3% of the counties have home prices that are not affordable.  Home price may remain stuck, but credit and interest are likely to go up.

Economists have analyzed the home buying of the last year 2015 and are comparing it with 2016.  Nationally house prices will heighten as compared with 2015.

The reason for this boom may be because the Generation X (Millennials) will want to buy a home versus paying rent.  Those of the baby boom times that already own a home will be more apt to consider home improvements with their equity lines.


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Although most of Generation X may be buying homes some may decide they will put off home buying to catch up with paying their student loans for a year or so.

It is becoming a bit difficult for generation x to buy homes because those born in the baby boom time are keeping their homes more and settling to retire rather than sell their homes

Many reports show that adults are more optimistic in buying a home 2016 than 2015 because rent is too steep to pay.  Some places in San Francisco charge rent as high as $5000 for a 2-bedroom apartment.

The government has tried to increase home ownership by reducing insurance premiums.

Is there enough supply for the demand?  Speculations are doing rounds that fewer people will choose buying homes due to the following

  • If you already own a home, the chances of you taking equity on your home will be used for home improvements rather than buying a newer home. Why is this? Some homeowners are locked in their low-interest mortgage rates from the past and rather stay with the low-interest rates they have than purchase a new home with higher mortgage rates
  • With Equity home improvements are a more appealing investment than buying a larger home.
  • Many homeowners are still trying to catch up and owe more than what their house is worth which causes them to be underwater

Another trend we see in 2016 is the increasing need for loans.

With the predicted interest rates soaring there is a requisite for loans with a lower down payment.    Some of the consumers are using the available credit they have for purposes that don’t relate to their mortgages.  A lot of consumers are averaging their credit to improve and invest in personal loans such has automobiles.   It is inevitable that although the credit for their current situation is satisfying, it is more expensive in the long run because they could use their equity built on their homes for less.

The market for unaffordable homes could rise if interest rates rise and wages don’t rise significantly.

Many predict that a 30-year mortgage rate will surge to approximately 4.65% compared to the bank rate of 3.88%.

Some Factors that would encourage people to buy homes instead of rent.

  • Job raise
  • Improved credit history
  • Lower prices on homes
  • Lower interests’ rates
  • Increase in Rent

Usually, house prices rise an average of 3% in the nation.  The growth has caught the attention of economist who believe that as our economy improves the lack of credit programs and rising home prices will even out.  Lack of Credit may inevitably lead to lesser demand for Housing.

Overall the outlook for 2016 by consumers seem optimistic.  Consumers are settling for what makes their situation better for the present rather than in the long run as far as loans.  As the economy improves, the trend will be that more homeowners will be looking to remodeling of their homes or home improvements.  This economy can spike the home improvement jobs up in 2016 and raise contracts.

As more homeowners look for remodeling contracts, more jobs will be created, and remodeling will be an incentive for renters.

Prediction is that more loan programs will include ways of families widening the costs by considering the income of multi-generation families and boarders.  These programs are primarily for families who would like to contribute to the home loan.  These are recognized revenues even if they are not part of the original loan.

Mortgage brokers association believes new mortgages surely amount to approximately $900 billion.  Is home ownership part of the dream and can it be a reality? Those born in Generation x are optimistic about attaining this goal.

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RetailMeNot’s Five to Buy in February




RetailMeNot's Five to Buy in February
Image via Shutterstock

The wintry temps may make you cold, but February deals are sure to warm your heart. It’s not only a great time to shower your valentine with roses and gifts, but it’s a great time to make other smart and timely purchases as well.

The shopping and trends expert for RetailMeNot, Sara Skirboll, agrees. “With the biggest football game of the year, Valentine’s Day and Presidents Day on the horizon, retailers will offer tremendous savings on a variety of categories — from TVs and TV dinners to all of your Valentine’s Day needs.

1. Play Cupid

With Valentine’s Day this month, shoppers might be struggling to find the right present that symbolizes their love. You can never go wrong with a customized gift made especially for them. This month, shoppers looking to go the extra mile for their loved one will save an average of 40% on items like personalized photo albums, picture frames, wall art and more. You name it, they make it — and just because it’s customized doesn’t mean it will break the bank. Turn to retailers like Shutterfly who is offering a RetailMeNot exclusive for 28% off your regular priced purchase.

2. Ding-Dong Deals

While some might make dinner reservations at the fanciest restaurant in town, many will opt to eat at home. Those who do can take advantage of special promotions and discounts. In fact, diners can save an average of 30% off all month long, so be sure to search the food delivery deals from RetailMeNot. Right now, DoorDash is offering 25% off your first purchase and Postmates is offering $15 delivery credit for existing users.

3. Flower Power

Everything’s coming up roses! According to a recent RetailMeNot survey, 46% of shoppers plan to buy flowers for Valentine’s Day this year, up from 34% in 2019. Many florists will be offering promotions and discounts to help shoppers prepare for the holiday. This year, retailers like 1800Flowers are having up to 40% off flowers & gifts and FTD is offering a RetailMeNot exclusive offer for 20% off sitewide.

4. Get Your Game On

Attention sports fans: Discounts on electronics are not strictly reserved for Black Friday! In fact, February is the second-cheapest time of year to buy a new TV. With the big game right around the corner and March Madness close behind, manufacturers will use those big-time events to highlight big savings on big-screen sets. Another reason for the markdowns is that new models will be released next month, so retailers will be looking to make room for new inventory. Shoppers in the market for a new TV should head to Samsung where they can get 10% cash back with RetailMeNot, and Best Buy where they can find up to 64% off clearance items.

5. Meet Your (Price) Match

Life can easily get in the way of finding “the one,” but online dating sites and convenient mobile apps are here to help. Those looking for love are in luck: Dating sites can offer up to 75% off enrollment fees to encourage singles to put themselves out there. Dating sites like eHarmony are offering 35% off all subscriptions and OkCupid is offering free membership.

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Shutterstock Announced as Official Photographer of the 2020 EE British Academy Film Awards




shutterstock 2020 EE British Academy Film Awards
Shutterstock Announced as Official Photographer of the 2020 EE British Academy Film Awards (Photo: PR Newswire)

Shutterstock, Inc., a leading global technology company offering a creative platform for high-quality content, tools and services, today announced that it has been renewed as the official photographer of the 2020 EE British Academy Film Awards, which recognizes the very best in film over the past year. As the official photographer of the show on Sunday, February 2nd, Shutterstock’s on-site entertainment photographers, editors and engineering team will deliver exclusive high-quality images from the event at the Royal Albert Hall in London to the world in less than one minute from the image being taken.

Shutterstock’s editorial team captures, edits and distributes celebrity portraits and candid images leveraging proprietary software optimized for speed to market. As the moments from the red carpet, inside the awards show, and at the after-parties are captured, Shutterstock’s team makes lightning-fast crops and edits and transmits them directly to the desks of photo editors, writers and media. This speed-to-market empowers Shutterstock’s editorial customers to keep up with today’s fast news cycle to quickly deliver their news stories.

“We are pleased to continue our long-standing relationship with BAFTA, an arts charity whose purpose of celebrating and supporting the best work and talent in film, games and television is closely aligned with Shutterstock’s,” said Candice Murray, Vice President of Editorial at Shutterstock. “As a company whose passion is rooted in creativity, it is always an honor to be selected to shoot and share these unique moments recognizing the industry’s top creatives from around the world at the BAFTAs.”

“Shutterstock is best equipped to provide the world’s media with high-quality images of our awards ceremonies and year-round program through their advanced creative platform,” said Claire Rees, Photography Director for British Academy of Film and Television Arts. “Our partnership has grown over the years and as Shutterstock’s technology and service continue to evolve, we continue to see greater results in amplifying the mission of BAFTA around the world.”

Shutterstock’s annual partnership with BAFTA, a world-leading independent arts charity, originated in 2013 and includes editorial photography coverage of the Television Craft Awards, Games Awards, Television Awards, Young Game Designers Competition, Scotland Awards, Cymru Awards and Children’s Awards.

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Amazon Profits Surge as Investment in Faster Shipping Pays Off




Amazon Profits Surge as Investment in Faster Shipping Pays Off
Image via Shutterstock
By Dominic Rushe

Amazon’s massive investment in faster shipping paid off for the tech company over the Christmas holidays with record sales and four times as many customers taking advantage of its free one-day shipping offer over the shopping season compared with last year.

Amazon is spending billions making one-day shipping the default for its Prime members and the gamble helped drive its revenues up over $87bn for the final quarter of 2019, or $29bn a month, compared with $72.4bn in the fourth quarter of 2018.

Profits increased to $3.3bn in the fourth quarter, up from $3bn in the same period last year, after a fall of 25% from July to September due to its costly shipping investments. Amazon’s shares shot up over 10% in after-hours trading.

“We’ve made Prime delivery faster – the number of items delivered to US customers with Prime’s free one-day and same-day delivery more than quadrupled this quarter compared to last year,” said Jeff Bezos, Amazon founder and CEO.

Amazon’s bumper Christmas – the best in its history – came as other retailers including Target, Macy’s and JC Penney have reported lower sales.

Amazon Web Services (AWS), its cloud computing business, reported revenues of $9.9bn for the quarter, up 34% from the year-ago period.

Amazon also gave an update on its number of Prime subscribers, who pay an annual fee for faster shipping and access to free content on its streaming media services. Bezos said the company now has over 150 million paid Prime members around the world, up from 100 million last April.

Amazon’s share price has lagged its tech giant peers in recent months as investors have worried about its spending. The latest results push the company back into the exclusive club of tech companies now valued at over $1tn including Apple, Alphabet and Microsoft.

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