Why Aren’t Gen Xers Downsizing Their Homes?

first_img Previous: The Tappable Equity Slide Next: Foreclosure Challenges, From Fraud to Deed Theft  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. in Daily Dose, Featured, Market Studies, News Why Aren’t Gen Xers Downsizing Their Homes? Home / Daily Dose / Why Aren’t Gen Xers Downsizing Their Homes? Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Affordability Baby Boomers Gen Xers generation Home Price Home Sellers Homebuyers Homeowners Income Millennials NAR Rent 2019-04-01 Radhika Ojha Demand Propels Home Prices Upward 2 days agocenter_img About Author: Radhika Ojha Related Articles The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Multi-generational homes are the preferred choice for Gen-Xers and older millennials, according to the National Association of Realtors’ (NAR’s) 2019 Home Buyer and Seller Generational Trends study. However, the reasons they prefer to buy these homes are different.The study found that while Gen Xers prefer to buy a multi-generational home because their adult children are moving in with them or never left home, older millennials who bought these homes were likely to do so to take care of their aging parents.”The high cost of rent and lack of affordable housing inventory is sending adult children back to their parents’ home either out of necessity or an attempt to save money,” said Lawrence Yun, Chief Economist at NAR. “While these multi-generational homes may not be what a majority of Americans expect out of homeownership, this method allows younger potential buyers the opportunity to gain their financial footing and transition into homeownership.”For the first time, the study also divided the millennial generation into older millennials and younger ones due to the disparity in their homebuying habits. While millennials as a whole continued to form the largest group of homebuyers of any generation at 37 percent of all buyers, younger millennials accounted for 11 percent of all buyers while older ones represented 26 percent of all homebuyers.It indicated that younger millennials accounted for a larger buying share than the silent generation which stood at 7 percent of all buyers. Among millennial homebuyers, the study indicated that older millennials “have a median household income of $101,200 and purchase homes with a median price of $274,000, comparable to Gen Xers ($111,100 income, $277,800 median home price) and younger boomers ($102,300, $251,100 respectively).”According to Yun, “Older millennials are now entering the prime earning stages of their careers, and the size and costs of homes they purchase reflect this. Their choices are falling more in line with their Gen X and boomer counterparts.”On the other hand, younger millennials whose median income stood at around $71,000 were purchasing the least expensive and smallest homes due to the challenges of affordability.When it came to downsizing, the study revealed that this wasn’t common among any of the generations at present. It indicated that sellers over the age of 54 only downsized by a median of 100 to 200 square feet as Gen Xers and boomers who might be interested in downsizing facing the challenges of smaller inventory. These sellers could also “have been impeded by the increase in multi-generational living these generations are reporting to accommodate the needs of adult children and aging parents.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 1, 2019 1,651 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Tagged with: Affordability Baby Boomers Gen Xers generation Home Price Home Sellers Homebuyers Homeowners Income Millennials NAR Rent The Best Markets For Residential Property Investors 2 days agolast_img read more

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Former South Bend mayor Pete Buttigieg to join Notre Dame Institute for Advanced Study

first_imgFormer South Bend mayor and presidential candidate Pete Buttigieg will serve as a faculty fellow at the Notre Dame Institute for Advanced Study (NDIAS) for the 2020-2021 school year, according to a Thursday press release.As an NDIAS fellow, Buttigieg will work on two research projects, “one that explores how to restore trust in political institutions and another that considers the forces distinctively shaping the 2020s.” In addition, Buttigieg will teach an undergraduate course and host seminars and other academic programming in conjunction with other NDIAS fellows and students.“I’m thrilled to welcome Pete to the institute and Notre Dame in the coming year. More than ever, we need scholars and public leaders working together, generating the insights that will make democratic institutions stronger and advance the common good in creative and evidence-based ways,” said Meghan Sullivan, director of the NDIAS and the John A. O’Brien Professor of Philosophy.Buttigieg — a lifelong resident of South Bend — has been connected with the University since his parents were both long-standing members of the faculty.This University has previously had political figures serve as fellows or guest lecturers, including former White House Chief of Staff Denis McDonough and former Speaker of the U.S. House of Representatives Paul Ryan.Tags: faculty fellow, Notre Dame Institute for Advanced Study, Pete Butigeglast_img read more

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Outdoor Brands Consume Less Than One Percent of Global Down Production

first_imgFor years animal rights activist groups have targeted high profile outdoor brands in campaigns to halt inhumane practices used in the production of down and feathers for jackets and sleeping bags. But, according to research, such brands consume a tiny fraction of global down production, even at a time when down usage within the outdoor industry is at an all-time high, the European Outdoor Group (EOG) said in a study it released last week.The EOG, which represents 62 outdoor companies, including several U.S. brands, undertook the research to establish the type, quality and quantity of down used across the manufacture of outdoor products.  The effort was supported by Outdoor Industry Association (OIA), which encouraged its members in the U.S. to contribute to the research.A total of 1,058 tons of down was measured and the association has estimated that this represents somewhere in the region of 65-to-75 percent of the down used by European/American outdoor brands – giving a projected outdoor market volume of between 1,410 and 1,630 tons of down annually.  This is equates to less than one percent of the total global production of down, estimated to be at least 270,000 tons.Down feathersPatagonia, The North Face and Allied Feather & Down have all responded to criticism of inhumane practices in the down supply chain over the past year, launching initiatives to trace their down supply all the way back to individual villages and hatcheries. Some have argued such initiatives are futile given the fractured nature of the supply chain — and the fact that the food and bedding industries have much more demand.EOG said the survey will be used to influence the impact that outdoor, bedding and other manufacturers may have on the environment, communities in the supply chain, and animal welfare.“It is common knowledge that over the last few years there has been a growing focus from NGOs, retailers and consumers on the ethical sourcing of down within our industry,” said Mark Held, general secretary of the EOG. “Meanwhile, numerous brands are working hard to ensure that their use of down meets high ethical and environmental standards.  At the EOG, we have continued to maintain our approach of providing research support for our members and thereby facilitating both the debate and the move to best practice in terms of sourcing.“The fact that our industry’s volume of down use equates to less than one percent of total production suggests one reason why our leverage across the supply chain is limited and requires a combined effort,” said Mark Held, general secretary of the EOG. “We are confident that we are following the correct approach in trying to work together as an industry and promote best practices, while encouraging the wider down users and supply chain to get further engaged.  This research is an important step in achieving our long term aim, which is to help find a way to achieve one single industry standard, that is held by an independent body, is cost effective, and acceptable to both businesses and NGOs.The data that has been collected will be used to inform the future direction of the association’s CSR/sustainability program.  Full details of the down research results are only available to participants, but exceptions are possible in the case of companies that are prepared to actively support the general aim of an improved supply chain.  For more information, visit www.europeanoutdoorgroup.com.Down Jacket Womens Frontlast_img read more

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Iloilo, Negros Occ. among richest provinces in PH

first_img* Caloocan City – P18.381billion The 10 richestmunicipalities: * Caluya, Antique – P2.161billion * Carmona, Cavite – P1.969billion * Pasay City – P18.278billion Here are the 10 richestprovinces in the Philippines, according to COA: * Tanay, Rizal – P2.014billion * Compostela Valley – P19.615 billion * Iloilo – P11.442 billion * Palawan – P11.277 billion * Makati City – P230.833billion ILOILO City – Iloilo andNegros Occidental were among the 10 richest provinces in the country, the 2018annual financial report on local government units (LGUs) of the Commission onAudit (COA) showed. * Bukidnon – P15.278 billion * Cebu City – P33.884billion Negros Occidental, on theother hand, ranked No. 6 with assets reaching P14.446 billion – over P2 billionhigher from its 2017 assets of P12.889 billion. * Pasig City – P38.985billion * Rizal – P18.076 billion * Davao City – P16.259billion * Laguna – P11.587 billion * Batangas – P18.186 billion “Iloilo also receivedgrants from the national government through the Philippine Rural DevelopmentProject (PRDP) and Conditional Matching Grant to Provinces (CMGP) forinfrastructures projects such as roads and bridges,” said Umadhay.center_img * Calamba City – P12.606billion * Cebu – P35.659 billion * Calaca, Batangas –P1.876 billion./PN * Taguig City – P24.536 billion * Zambales – P11.241 billion * Quezon City – P87.285billion The provincial governmentalso earned from the auction of some of its disposable properties, Umadhayadded. * Mariveles, Bataan –P3.016 billion The 10 richest LGUs: Contributing to theincrease in Iloilo’s assets were the revenues raked in by the provincialgovernment’s local enterprises such as district hospitals and the stepped upcollection of real property taxes, according to Jean Marie Umadhay, head of theProvincial Treasurer’s Office. * Negros Occidental – P14.446 billion * Sual, Pangasinan –P2.805 billion * Sto. Tomas, Batangas –P2.566 billion * Binangonan, Rizal –P2.218 billion * Silang, Cavite – P1.9billion * Cainta, Rizal – P4.437billion With asset reachingP11.442 billion, Iloilo ranked No. 8 – up by some P1 billion from its 2017’sP10.045 billion assets. Assets that COA referredto covered cash, buildings and infrastructures among others owned by theprovincial government. * Manila – P40.711 billionlast_img read more

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EPL: Man City humiliate Brighton

first_imgRelatedPosts Several Chelsea players test positive for COVID-19 – Media reports EPL: Burnley seek history against Brighton Breaking: Man City win Champions League ban appeal Raheem Sterling bagged a hat-trick as a dominant Manchester City side thrashed Brighton 5-0 at the Amex Stadium.As ever, Pep Guardiola was more than happy to rotate his side with six changes in total – including an entirely different backline from the back four that played in the 5-0 win over Newcastle.Despite the Catalan’s wholesale changes, it did not appear to affect the fluency that his side played with Gabriel Jesus and Benjamin Mendy going close early on.City were enjoying total domination of the ball and were looking in the mood to open the scoring, and a quarter of the way through, Raheem Sterling made his mark.Riyad Mahrez curled in from the right and Jesus chested to Sterling, who skipped past one marker before sending a low shot into the far corner.Brighton’s high-pressing may have worked well against Liverpool but they were coming undone against a far superior Man City side, who should have doubled the lead only for Mahrez and Jesus to squander chances, with the former hitting the crossbar.But Jesus finally did get his goal that his play deserved, tapping home from a Rodri knockdown on the stroke of half time as the scoreline finally reflected the visitors’ dominance.If there was any suggestion City would take their foot off the gas in the second half, they soon dispelled that theory. Kevin De Bruyne nearly rasped one of his trademark free-kicks into the top corner, only to find the woodwork in his way.But Sterling would have no trouble in finding the net for his second of the night – and 26th in all competitions this season – heading home after a pinpoint delivery from Mahrez.Four minutes later, it was four and this time Brighton were caught in defensive nightmare. Bernardo Silva’s harmless looking effort squirmed out of Mat Ryan’s gloves and Jesus set up the Portuguese for a tap-in.Jesus looked far from pleased when withdrawn midway through the second half as Guardiola gave minutes to David Silva, John Stones and Phil Foden late on.Sterling then sealed his hat-trick with a bizarre header as City tightened their grip on second place with another impressive performance.Tags: Brighton & Hove AlbionRaheem Sterling Amex Stadiumlast_img read more

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Extra Innings: Hubbs isn’t the right head coach for USC

first_imgBaseball season is my favorite season. The smell of the fresh-cut grass, the feeling of scalding-hot hard plastic seats, the sound of the pounding ball on leather, the taste of the  salty sunflower seeds. But there’s one other thing baseball season brings — the horrific sight that is USC baseball. One thing is for sure: Hubbs and “potential head coach to be named” have a lot of veteran and young talent in their arsenal, and I look forward to the next few seasons. What happens when there’s a lot of talent on a losing team? Look to the person who paid for the “Lynn Swann — Fire Clay Helton” helicopter banner last semester.  While I think Hubbs is a great coach, he just isn’t cutting it for USC. The Trojans have largely been a .500 or slightly below .500 team since the Mike Gillespie era (with the exception of 2015). That period encompasses three coaches. Hubbs is a great pitching coach. He had a fantastic 12-year tenure as Cal’s pitching coach, and he consistently produced pitching staffs with the lowest ERAs in the Pac-10. When he became the head coach at USC, that pitching knowledge and training ability didn’t translate, as USC’s team ERA barely went above average in the Pac-12 and even spent a couple years in dead last. I am really excited about two recruits in particular: starting pitcher Chandler Champlain and outfielder Preston Hartsell. In all seriousness, no pitcher should be judged by one start, especially his first start at the collegiate level. It’s just fun to poke fun at players like Champlain whose talent is undeniable. Out of high school, he was drafted to the MLB but declined to sign. He has a laundry list of awards to his name, and I have no doubt that he will mesh well with other Trojan starters like sophomore Kyle Hurt. Sam Arslanian is a sophomore writing about sports. His column, “Extra Innings,” runs Fridays. USC lost some pitching talent this year in Solomon Bates, who was drafted by the San Francisco Giants in the 2018 MLB Draft. But if young players are directed properly, they will couple well with the Trojans’ brick wall infield. But Trojan baseball hasn’t had a winning season since 2015, and that’s a sorry statistic. The fact that they have the 14th best recruiting class in the nation is baffling, but I guess the warm weather and historic record means a lot to these recruits. It’s entirely possible for Hartsell to fill in for the outfielders this year. He could even take some reps at designated hitter, if he can prove his batting ability at the collegiate level and become a true asset down the line for the Trojans. Hubbs is in the final year of his contract as head coach with the Trojans. While he has held the team steady, USC Athletics can’t be complacent with staying “average.” This school should be a dominant powerhouse for college baseball, and I don’t see that happening under the current management. USC could even consider hiring a new head coach while keeping Hubbs as a pitching coach. Champlain’s first start was rough, to say the least. In his start against Nebraska Omaha (who?), the rookie didn’t last an inning. Two-thirds of an inning, nine batters faced, three hits, three walks, a drilled batter and five earned runs. A 225 ERA is not necessarily “Cy Young” material but, hey, maybe there’s room for improvement? Perhaps that was a bit too hyperbolic. This team is not a bad baseball squad by any means — it has a lot of talent. And this year, the Trojans did some fantastic recruiting. USC football should learn from baseball head coach Dan Hubbs in that department. I feel like a broken record after repeating this throughout football season, but this team has an abundance of talent. It just needs to focus on bringing all the pieces together. If that happens under Hubbs this season, great. If Trojan baseball fans have to wait until a new skipper takes over at Dedeaux Field, fine. Hartsell hasn’t started in a game, although he did pinch hit in USC’s 11-0 romp on Saturday against Nebraska Omaha. While he reached base on a fielder’s choice, he plated another runner, earning his first RBI. Coming into USC, Hartsell was rated the best outfielder in California, boasting a .396 batting average with 110 RBIs. Right now, the outfield is occupied by some veteran players like juniors Blake Sabol and Matthew Acosta at left and center, respectively, while sophomore Jamal O’Guinn holds down the right side of the lawn. last_img read more

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