13 days ago 1,038 Views Home / Daily Dose / More Millennial Homeowners Experiencing Buyer’s Remorse Demand Propels Home Prices Upward 2 days ago Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Servicers Navigate the Post-Pandemic World 2 days ago About Author: Eric C. Peck Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Servicers and Regulators Unite for Struggling Borrowers Next: Activist Legal Names Chris Pummill President of Operations Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Journal, Market Studies, News More Millennial Homeowners Experiencing Buyer’s Remorse Demand Propels Home Prices Upward 2 days ago Print This Post Tagged with: Angelica Olmsted Baby Boomers Bankrate Mark Hamrick Millennials RE/MAX Professionals Cherry Creek Sign up for DS News Daily Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Angelica Olmsted Baby Boomers Bankrate Mark Hamrick Millennials RE/MAX Professionals Cherry Creek 2021-05-17 Eric C. Peck A new report from Bankrate has found that more and more millennials are experiencing homebuyers remorse after purchasing what was thought to be that home of their dreams.The study found that nearly two-thirds of millennial homebuyers have expressed some degree of regret. The survey found that the older the buyer, the less likely they were to have misgivings about their purchase after the fact. In all, 64% of millennial homebuyers (ages 25-40) have some regrets about their purchase, compared to just 33% of baby boomer buyers (ages 57-75).In an ever-tightening market, many homebuyers are jumping into situations that are less than ideal, as the study found homebuyer regrets primarily fell into two major categories, financial and physical.One of the biggest regrets among recent homebuyers was not being prepared for maintenance and other costs associated with homeownership. More than 20% of millennial homeowners said they felt the costs of homeownership were too high, and that number jumped to 26% among younger millennials, ages 25-31.“It can cause a rude awakening if one fails to plan for inevitable expenses,” said Mark Hamrick, Bankrate’s Senior Economic Analyst. “This is yet another reminder why making emergency savings a top priority is so important. Whether it is a roof repair stemming from age or storm damage, or the need to fix or replace heating, cooling or appliances, it isn’t a question whether such expenses arise, only when and how much they will cost.”Millennials also felt they didn’t get a good mortgage rate, or that they overpaid for property, as 12% of millennials said their rates were too high, and 13% said they agreed to overpay for their home.While financial frustrations topped the list of regrets for new homebuyers, many millennial respondents felt their new place was not an ideal fit, with 15% of those polled said they disliked their new property’s location, and 30% felt the home was not the right size.Many cite the competitive market leaving very little time to make a sound judgement on a new home, forcing buyers into quick decisions.“Because the market is so competitive, you have less time to make a decision on a homebuying purchase than you do on a laptop at Best Buy,” said Angelica Olmsted, an Agent with RE/MAX Professionals Cherry Creek in Denver. “You’ve already had, possibly, a couple of offers not accepted, you feel that pressure to make a decision and put an offer in. That is an insane amount of time to have to look at a property, see if you can live there, see if you like the neighborhood, see if a house has all the features you’re interested in. If you have 15 minutes to look at it, then trying to drive around the neighborhood at different times of the night and day to see if you want to live there, you don’t have time to do that adequate amount of homework.”Click here for more on Bankrate’s study. The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe
Miami Dade County jailBY: CHRISTINA CARREGA, ABC NEWS(MIAMI) — A Florida mother, who allegedly lied to police that her son with autism was abducted by two black men, was charged with the child’s murder, police said.Patricia Ripley was allegedly seen on surveillance video pushing her son, Alejandro Ripley, into a canal on Thursday evening to drown the child, according to the police report.Neighbors heard screams and came to the rescue of the 9-year-old non-verbal boy with autism, police said.“An hour later she brought him to a different canal, this time, unfortunately, there was no one there to save him,” said Miami-Dade State Attorney Katherine Fernandez Rundle at a press conference Saturday morning. “The tragic loss of a 9-year-old boy here and the loss of any young life, leaves us grieving. This boy’s senseless, senseless death will stay with us.”Alejandro Ripley was found dead on Friday morning in a golf course waterway wearing a Captain America T-shirt, police said.“The only voice in his life that he depended on to get through this world was his mom’s, and to think that that voice would be the one to harm him the most,” said Miami-Dade Deputy Director Freddie Ramirez at the press conference.Patricia Ripley, 45, was held without bail on Saturday morning pending her first court appearance for charges of attempted first-degree murder, first-degree premeditated murder and first-degree murder. Attorney information for Patricia Ripley was not available as of Saturday.The mother’s arrest comes almost 48 hours after she reported him missing and an Amber Alert was launched.Patricia Ripley allegedly told police that while driving with her son on Thursday evening she was ambushed by two men — one armed with a knife — who demanded drugs, according to the Miami-Dade County police report.“After stating she didn’t have any drugs, he then stole her cellular phone and abducted her son, fleeing southbound in the unknown vehicle,” according to the police report.Patricia Ripley described the alleged abductors as to black men, police said. She described herself as a white Hispanic, according to the arrest affidavit.“As a parent, as a member of this community, I am deeply saddened about what happened to that young boy and then for her to displace blame of her crime on another community is just as well as another crime that was committed, it is very disappointed,” said Ramirez.The child’s father is “heartbroken,” Rundle said at the press conference.Police said after Alejandro Ripley’s body was found they questioned his mother, who allegedly gave conflicting statements and then recanted the robbery account, according to the arrest affidavit.“She admitted that she drove to the SW 62 Street and SW 138 Court at approximately 8:30 p.m. and parked near a canal. She then led the victim to the canal where he drowned. She stated he’s going to be in a better place,” according to the arrest affidavit.If convicted, Patricia Ripley faces a death sentence or life in prison without the possibility of parole.Copyright © 2020, ABC Audio. All rights reserved.
Photo: Vic Brazen Load remaining images To kick off the weekend, Lettuce spent two nights in Portland raising awareness and money for Full Plates Full Potential, an organization whose mission is to eliminate child hunger in Maine. The two-night event was spearheaded by saxophonist Ryan Zoidis, who is an active food and wine enthusiast in his native city of Portland.On Thursday night, a pre-party took place at Oxbow’s Brewing that saw Nigel Hall & Friends, which was essentially Lettuce plus members of Nigel Hall‘s solo band, playing loose improvisational music with family and friends. The VIP “Lett Us Eat” event included an oyster bar, poutine station, and summer paella crafted by James Beard Foundation Award Winning Chef Rob Evan’s talented culinary team from the new Duckfat Frites Shack. On Friday night, the psychedelic funk warriors headlined the beautiful Thompson’s Point overlooking Fore River, following performances from Galactic and Jaw Gems.Full Plates Full Potential’s mission is to end child hunger in Maine where 87,000 kids struggle to access the reliable, nutritious meals they need to thrive. 15.8 percent of Maine households, or nearly 200,000 individuals, are food insecure. It’s estimated that about 1 in 5 kids in Maine don’t know when or where they will get their next meal. By removing barriers that keep these children from benefitting from the proven, effective, efficient nutrition programs for which they are eligible, Full Plates Full Potential connects Maine kids with existing nutrition programs and builds new ones when needed across the state. They support proven initiatives like the school lunch program and seek to expand lesser accessed programs like breakfast and summer meals programs. For more information, head to the website.This upcoming week, Lettuce will head to New York City’s Blue Note Jazz Club, the West Village room where countless legendary musicians have taken the stage since its opening in 1981, for a five-night run. Lettuce will play 12 sets from Wednesday, June 27th through Sunday, July 1st. Head here for tickets.Check out the photos from Friday night’s sunset-filled show below, courtesy of photographer Vic Brazen.Lettuce, Galactic, Jaw Gems | Thompson’s Point | Portland, ME | 6/22/18 | Photos: Vic Brazen
Caribbean Export has launched a program aimed at supporting Caribbean women in business by helping them to either start exporting or to increase their exports.According to Caribbean Export, applications are now being accepted for the program – Women Empowered through Export or WE-Xport.Exporting to the EUOn Wednesday, Caribbean Export, in Cooperation with the European Union announced the commencement of the program that will assist in exporting to the European Union and utilizing the benefits of the CARIFORUM-EU Economic Partnership Agreement.The European Union is therefore pleased to provide financial support to Caribbean Export’s efforts to assist the growth and development of female-owned firms in the Caribbean to increase their competitiveness in the local, regional and international markets,” said EU Ambassador, Daniela Tramacere.Executive Director at Caribbean Export, Pamela Coke-Hamilton, encouraged the regions female entrepreneurs to take full advantage of the WE-Xport program and the opportunity to grow their businesses, connect with others and make their mark in our region, “we know you have the potential to do great things with your companies and with the right mix of support we aim to provide”.Workshops and technical assistanceWE-Xport will address women-owned businesses access to finance through the provision of workshops and technical assistance in partnership with the Barbados based Caribbean Development Bank (CDB).The program will have an intensive business coaching program to build the participants capacity and also increase their access to export markets and networks.MOU signedA Memorandum of Understanding was signed between Caribbean Export and UN Women as their commitment to work together in raising awareness around many of the challenges women face in conducting business. Representative from UN Women, Alison McLean says the economic empowerment of woman is one of the mail of objectives of UN Women and they have developed the “women empowerment principles which offer practical guidance to the private sector on how to empower women in the workplace, marketplace and communities.”
Newsroom GuidelinesNews TipsContact UsReport an Error LOS ANGELES — The Los Angeles City Council will declare Wednesday as Kobe Bryant Day, honoring the recently retired Los Angeles Laker on the date of the jersey numbers he wore with the team.City Councilman Jose Huizar said declaring Aug. 24, 2016 in Bryant’s honor “is the city of Los Angeles’ way of thanking him for his single-minded dedication to excellence, the fans and the entire city and region of Los Angeles. For 20 years, we were all the beneficiaries of Kobe’s incredible talent and legendary work ethic, and on 8/24 we’ll gather to say, ‘Thank you, Mamba,’” Huizar said, referring to Bryant’s nickname.Bryant wore the number 8 his first 10 seasons and 24 for the final 10.Bryant played his entire 20-season career with the Lakers, helping them win five NBA championships, and was chosen as the NBA Finals MVP for both of the two most recent championships. The 6-foot-6-inch Bryant, a guard for most of his career but listed as a forward-guard in his final season, scored 33,643 points, the third most in league history, behind only Kareem Abdul-Jabbar (38,387) and Karl Malone (36,928).Bryant was the league’s MVP in the 2007-2008 season, received All-NBA honors 15 times, including 11 first-team selections, and was chosen to play in the league’s All-Star Game 18 times.