A large portion of near-future homebuyers are millenials
A recent national survey by Experian revealed opportunities for businesses to build relationships with future homebuyers before they’re ready to obtain a loan. Insights include:
• 35% of future buyers said they don’t know what steps to take to qualify for a larger loan
• 75% of future buyers are not preapproved for a home loan
• 29% of those surveyed would purchase a more expensive home if they had better credit and could qualify for a larger loan
A large portion of near-future homebuyers are millennials. Building relationships with this generation now will benefit financial institutions in the future.
More: Experian Consumer Homebuying Survey 2016
After a Royal Navy pilot completed a 300-mile drive from Birmingham to the British air base Culdrose, he heard “meows” coming from inside his BMW. Lt. Nick Grimmer and his colleagues disassembled the car and found a tiny (and unharmed) kitten hiding out inside the bumper.
The group, which is part of the 814 Naval Air Squadron, a.k.a. “the Flying Tigers,” has nicknamed the kitten “Tigger,” the BBC reports. Grimmer said he’s looking for the rightful owners, but in the meantime, he’s bonded with the kitten.
“The place he has felt most comfortable is in my flying helmet,” he said, “which is the only place he is able to sleep.”
via This Intrepid Kitten Travels 300 Miles Inside the Bumper of a Car — TIME
I love surveys that put California (my home state) at the bottom of these lists… Chief Executive Magazine ranked California “last” on their ranking list of best places to do business. (Read it at http://chiefexecutive.net/best-worst-states-business/2015/)
California is 50th on their list, but according to the author, California “added more private-sector jobs since the recession ended than any other state, at 1.5 million; and remains home to more venture capital, patents, tourism, Fortune 500 companies, agriculture, biotech and manufacturing output than any other state.”
I suppose if you add the seemingly endless recreational and educational opportunities, environmental stewardship, and the world’s best weather (at least in my hometown of Orange County), then if all of the above makes California a loser on their list, count me among the luckiest losers on the planet to have grown-up in the Golden State!
Gentrification and displacement are growing concerns in community development and urban revitalization. Cities are in a period of resurgence, gaining renewed interest from people who want to live and work in urban centers. This has resulted in gentrification pressures in a number of low- and moderate-income (LMI) neighborhoods that are in or near city centers and core business districts and historically have had modest property values.
In this webinar, participants will hear about emerging research on gentrification that explores how it is being defined, its causes, and its impacts on vulnerable residents. Practitioners from Boston and Philadelphia will discuss practical solutions for addressing the effects of gentrification and displacement on LMI households, and the speakers will discuss how they have promoted the use of equitable and inclusive development policies and practices to support commercial, residential, and transit growth and community revitalization.
Speakers include Ingrid Gould Ellen, New York University Furman Center for Real Estate and Urban Policy; Harry Smith, Dudley Neighbors, Inc.; and John Chin, Philadelphia Chinatown Development Corporation.
Thursday, May 12, 2016
12:00 p.m. Pacific / 3:00 p.m. Eastern
Participation is free, but preregistration is required. Visit the link below for more information.
The Connecting Communities® webinar series is a Federal Reserve System initiative intended to provide a national audience with timely information on emerging and important community and economic development topics.
All past sessions are archived on the Connecting Communities website: https://bsr.stlouisfed.org/connectingcommunities/
Join us in celebrating Nurses Day on May 6th with “The American Nurse” on Discovery Life channel at 9pm. The hour-long documentary will explore the work of five nurses, striving to provide the best care possible; including a full segment on Veteran care and a Caregiver Support Coordinator nurse, Brian McMillon.
There will also be a special screening on May 11, 2016 at select theaters nationwide, please see locations by clicking here.