Source: NBC News
Millennials were the largest group of home buyers (34 percent) for the fourth consecutive year, according to NAR's 2017 Home Buyer and Seller Generational Trends study. By comparison, baby boomers were 30 percent of buyers.
"Millennials have been fairly slow to get into the market, but we are seeing an uptick in millennial buyers this year — which is a good sign, because as home values rise, we want a wider number of people to participate in this housing recovery," said Lawrence Yun, chief economist at the NAR. "There's a pent-up demand and as the economy continues to improve, we expect to see more people in their early thirties, adults who are still living with their parents — clearly not their idea of the American dream — begin to look for their own housing units."
Research done by the National Association of Homebuilders found that more than 90 percent of millennials say they eventually want to buy a house.
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Wednesday, July 26, 2017
Wednesday, July 19, 2017
Wednesday, July 12, 2017
Researchers Calculate Major Cost Savings of 3-D Printing Household Items
Source: Phys.org
Interested in making an investment that promises a 100 percent return on your money? Buy a low-cost, open-source 3-D printer, plug it in, and print household items. In a recent study, Michigan Technological University Associate Professor Joshua Pearce set out to determine how practical and cost effective at-home 3-D printing is for the average consumer. He found that consumers—even those who are technologically illiterate—can not only make their money back within six months, but can also earn an almost 1,000 percent return on their investment over a five-year period.
Interested in making an investment that promises a 100 percent return on your money? Buy a low-cost, open-source 3-D printer, plug it in, and print household items. In a recent study, Michigan Technological University Associate Professor Joshua Pearce set out to determine how practical and cost effective at-home 3-D printing is for the average consumer. He found that consumers—even those who are technologically illiterate—can not only make their money back within six months, but can also earn an almost 1,000 percent return on their investment over a five-year period.
Wednesday, July 5, 2017
In the Smart Home, Whoever Owns the Hub May Own Retail Too
Source: Forbes
Beyond the convenience of seeing who is knocking at your door, many of the potential uses of the smart home lead back to retail. Your refrigerator will tell you when you need more milk. Your smart lamp might predict or warn you when your light bulb is about to die. Your fitness tracker will make meal recommendations for how to change your diet to meet your fitness goals – meals it will undoubtedly want to help you plan and buy. And right now there are three main companies capable of carrying on a conversation with such smart devices: Apple, Google, and Amazon. If you’re using Amazon’s Alexa, where do you think it’s going to be easiest to buy that milk your refrigerator says you need? You might not even consciously approve the order – when milk gets this low, Alexa will order it, and Amazon Pantry will deliver.
Beyond the convenience of seeing who is knocking at your door, many of the potential uses of the smart home lead back to retail. Your refrigerator will tell you when you need more milk. Your smart lamp might predict or warn you when your light bulb is about to die. Your fitness tracker will make meal recommendations for how to change your diet to meet your fitness goals – meals it will undoubtedly want to help you plan and buy. And right now there are three main companies capable of carrying on a conversation with such smart devices: Apple, Google, and Amazon. If you’re using Amazon’s Alexa, where do you think it’s going to be easiest to buy that milk your refrigerator says you need? You might not even consciously approve the order – when milk gets this low, Alexa will order it, and Amazon Pantry will deliver.
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