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inspection

Why Are So Many Real Estate Deals Falling Through At The Last Minute In The US?

Potential homebuyers in the US are backing out of their home purchase deals at a record rate. Real estate agents and experts throughout the country are stating that these deals are also falling through based on minor reasons, according to Yahoo! news.

“We’re seeing nightmare scenarios where deals are getting canceled at the last minute for the most minute reasons,” said Rafael Corrales, a premier agent for Redfin in Miami. Miami recently saw 2,500 home purchases get canceled in the month of June. 

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“Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue,” Corrales stated. 

Redfin recently released a report that showed 56,000 home purchases were canceled last June, which is about 15% of the homes in the US that went under contract, which is the highest percentage of any June on record.

“Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area.

“They’re backing out due to minor issues because the monthly costs associated with buying a home today are just too high to rationalize not getting everything on their must-have list,” she added. 

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The average home price in America right now has increased by 4% when compared to last year, with an average price of $442,525 in June with an average mortgage rate of 6.92% 

Some potential buyers are also waiting out the market and hoping that in the autumn/September time period rates could fall lower. 

“With fewer takers, properties are languishing longer on the market, with the number of active listings climbing nearly 13% since last year,” according to Redfin.

“We’re seeing a slow shift from a seller’s market to a buyer’s market,” said National Association of Realtors chief economist Lawrence Yun in a recent press release.

“Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

flight

Domestic Airfare To Drop 40% In Fall Months After Pricey And Demanding Summer Travel

After a summer that saw airline prices, staffing shortages, and flight cancellations abound, domestic travelers will get some much-needed relief this fall according to a new report by Hopper, the travel booking data platform.

According to Hopper, domestic airfare will drop to $286 in August, down 25% compared to May’s airfare and over 10% from July’s. Meanwhile, September and October will see drops of about 40% ($238 for a domestic round-trip) from the peak summer months.

Though that estimated price doesn’t match September 2021’s average domestic airfare of $225, it does beat out October of last year’s $240. Hopper noted this year’s August to October drop is abnormally large because of those high prices and earlier-than-usual travel demand peaks.

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International round-trip airfare, meanwhile, will decrease 19% ($179) to an average of $754 in September and October. It’s a massive drop, but unfortunately nowhere close to September ($641) and October ($706) of 2021.

Those prices are also helped by the fact that airlines are attempting to combat the slow season by offering better deals for travelers as a way to “incentivize travelers to plan one more trip before the holiday season,” Hopper explained.

“For travelers who held off on summer trips given the soaring airfares, this lower demand season can mean lower fares and less crowded tourist destinations!”

Among the most trending fall domestic destinations include Seattle ($419 average round-trip), Asheville, North Carolina ($313), Jackson, Wyoming ($460), Hilton Head, South Carolina ($315), and all cities in Hawaii ($500 and under).

As for international destinations, Sydney, Australia ($1,394), Tokyo, Japan ($1,333), Bali, Indonesia ($1,951), and Ho Chi Minh City, Vietnam ($1,085) are all trending with flyers looking to explore the world while capitalizing on a deal.

Unfortunately, flyers don’t have much time to take advantage. October and November will see slow rises before airfare takes a gigantic boost to $368 in December, with last-minute holiday bookings sitting at $390.

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Travelers have had to bear the burden of airline shortcomings after the COVID-19 pandemic ravaged the air travel industry. According to the Bureau of Transportation, 88,161 flights have been canceled already this year, over 55,000 more than in 2021.

While the number won’t come close to 2020’s 263,941 canceled flights, it already ranks higher than any yearly total from 2013 to 2019. Toward late July, Hopper reported travel delays had risen to 25% of departures, equaling more than 5,000 flights a day. They aren’t likely to subside anytime soon.

Of course, the high prices experienced just aren’t due to the multitude of airline struggles, but inflation as a whole. Airfare has suffered the second-worst 12-month price change with 27.7%, second behind gasoline (44.0%).

Even with the potential problems, taking advantage of decreased savings before they — and the tourists paying them — begin to ramp up again in the winter could be intriguing if you’ve been itching to add one more pin to your map of America or the world.

Cinema Movie Theater

How Cinemas Are Going Above And Beyond To Lure Moviegoers Back 

Compared to 2019, domestic movie ticket sales for the first four months of 2022 show a 44% decrease, however, cinemas are seeing a significant increase in ticket purchases when compared to last year. 

“Blockbuster titles like Warner Bros.′ ‘The Batman,’ Paramount’s ‘Sonic 2’ and the Marvel-Sony’s ‘Spider-Man: No Way Home’ have led to a 338% increase in ticket sales from 2021, reaching $1.95 billion,” according to data from Comscore.

Cinema operators were excited to hear all the new titles coming out this year, and were reassured by studios that they will continue to receive a large number of theatrical exclusives going forward. Operators were also told about the plans certain studios have for the future at CinemaCon last week. 

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The annual convention hosted at Caesar’s Palace in Las Vegas was seen as a major success after multiple studios expressed their excitement for showcasing a diversity of content in the coming year. 

Movie theater owners, however, have to be more individually creative in order to market their movies to citizens who are still hesitant about returning to the theater. Many theaters have offered exclusive food and drink deals, as well as flexibility regarding the content they show at the theater. 

For larger chains such as AMC, Regal, and Cinemark, live events like concerts, sports and gaming are being used to draw moviegoers back to the cinema. 

AMC announced that it would be investing $250 million into Cinionic’s laser projectors to be placed in 3,500 of its locations in the US by 2026. This technology offers brighter and crisper imaging, and makes it easier for the operators, as the bulbs don’t need to be replaced multiple times a year like more traditional projectors. 

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“We wanted to make a bold, straightforward statement to remind moviegoers of that immersive, communal, multi-sensory experience that you can only get by seeing a movie in a theater,” said Alicia Cook, director of advertising at AMC Theatres, during a CinemaCon panel.

Smaller chains with less access to large sums of money to invest in have gotten creative in creating a better theatrical experience for their audiences. 

“We are more nimble than the larger organizations. I think our superpower is eventizing but also creating those experiences around going to the movies. So, we do crazy stuff,” said Rich Daughtridge, president and CEO of Warehouse Cinemas.

Daughtridge said “promotions range from offering margaritas with movie tickets to special daddy-daughter date night showings. Mid-pandemic, we  capitalized on the release of Solstice Studio’s ‘Unhinged’ by hosting a car smash event during the film’s fifth week in theaters.”

“I think as marketers we tend to say ‘this movie is playing,’ ‘this movie is playing. I think from an engagement perspective, let’s talk a little bit more about why going to the movies is a good thing to do … I think the messaging that we are trying to do to create that engagement is more about why moviegoing makes sense versus just what movie is playing,” Daughtridge said.

Nintendo

Nintendo Switch Games Going On Sale For Mario Day 2021

March 10th officially marks Mario Day 2021 for Nintendo, a great day for fans and Switch users around the world who are finding some of their favorite Mario games on sale this week. There are some amazing discounts this week in honor of the iconic video game character Mario, and the many other characters that the Mario universe has introduced us to over the years. 

Mario Day, also known as Mar10 Day, is an “annual celebration created by fans of the beloved Mario franchise, which first debuted in 1985; though Mario himself first appeared in Donkey Kong in 1981,” according to media sources. 

Games like Super Mario Party have seen a major price drop this week. Originally the game retailed for about $60 but is currently on sale for $39! Most of the games are on sale for around 35% off. This game in particular has more than 6,000 5-star reviews, which makes sense considering Mario Party has been one of the most popular staple games in the Mario franchise. 

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“Buyers love playing Mario Party with their families and how it makes them nostalgic for arcades and early consoles. The game also now supports up to four players and features 80 new mini-games to keep you entertained all-day long!”

Even more popular, Mario Kart 8 Deluxe is now on sale for $50, which is $10 off of its normal price. Out of all the Mario Kart games that have hit the market the Switch version has been regarded as one of the best. 

“If you’ve ever wanted to race your friends in true Mario fashion for the ultimate trophy, this is your chance to do it. Choose your favorite avatar and ride down popular race tracks, like Rainbow Road, with up to eight players wirelessly. There’s even additional battle courses if you’re looking to go toe-to-toe with your best friend,” explained Nichka Dhawan, a staff writer for USA Today.

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With every Mario Kart 8 Deluxe purchase players also receive a seven-day free Switch online trial which allows users to race with friends or strangers from all over the world. Additionally the online Switch membership can be used for any game that has the ability to connect to the internet and other players. 

Super Mario Odyssey is a relatively newer addition to the Mario Universe that has also experienced a price drop of $10 down to $50. According to Dhawan the game has more than 17,000 5-star reviews and takes players on an “action-filled, globe-trotting adventure to save Princess Peach from Mario’s arch-nemesis, Bowser. Customers called this ‘the best Mario title to date’ and noted that it’s a game for all ages.”

Speaking of newer Mario franchise games, Luigi’s Mansion 3 has also seen a $21 price drop down to $39. Play as your favorite video game brother as you navigate throughout a spooky mansion and solve puzzle after puzzle to help rescue Mario, and some of his friends along the way. For a list of all the Nintendo Switch games on sale for Mario Day, click here!

Shopping Cart

Random Lockdown Purchases That Have Actually Improved People’s Lives 

Many have been turning to retail therapy to help cope with the past year in lockdown. Now that vaccines are being distributed throughout the world, many are ready to get back to their normal day-to-day lives, however, they also are realizing their lockdown purchases have proven to be quite useful, and will likely continue to be as the pandemic comes to a slow end. Here’s a list of some of the most unusually popular purchases of the past year in quarantine: 

Treadmill: Starting on a relatively basic level, many individuals have taken their time at home to finally focus on their physical health and get into a solid exercise routine. Treadmill’s have always been one of the most popular pieces of at-home exercise equipment because they’re easy to use and can provide one of the best cardio workouts, and the past year has proven that. Especially when the weather got colder and we all were really stuck indoors, many found purchasing a treadmill or other fitness equipment helped keep their minds occupied at home. 

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Electric Bike: Along those same lines many have been turning to electronic bikes to cope with colder weather. Pelaton’s have been rising in popularity due to the fact that they provide personal trainers and scheduled classes to help keep clients motivated and on a steady schedule. 

Furry Friends: For those living alone especially, adopting a new pet has been one of the most popular purchases within the past year. Something that’s important for all new pet owners to remember is that our furry friends have no idea what the past year has actually been like for us, so as we start to get back to normal and enter into the real world again, remember to transition your animal the same way you transition yourself back into normalcy. You are your pets whole world, and your absence does and will impact them emotionally, so be there for them. 

Bread maker: Many were obsessed with making bread in the beginning of the pandemic, and for some, they discovered a real talent for baking. Bread makers in general have risen in popularity immensely within the past year because they’re easy to use, and don’t take up a lot of space, so anyone can have fresh, ready-to-eat bread on any given day. 

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Motorhome: For those with the financial ability to do so, purchasing a motorhome has been the perfect way to continue to vacation in a world where you need to stay separated from everyone, not to mention one of the safest. With thousands of campsites and trailer parks throughout the nation, a motorhome has been the perfect addition for any traveler. 

Bed: Now that we’ve all been spending an obscene amount of time at home, many have realized that our furniture is not exactly up to our liking. Beds in general have risen immensely in popularity due to the fact that many are realizing they haven’t upgraded their sleeping set up in a while, and what better time to do so then when we all are forced to stay home in bed anyway? 

Projector: On Amazon projectors range from $200-$500 depending on the size, but many people have been buying them to do socially distanced movie nights in their backyard. For others, they’re realizing that buying a projector and displaying it on a blank wall is the perfect solution to buying a large entertainment system without completely breaking the bank. 

Black Friday Sale

Best Black Friday Deals You Can Find On Amazon Right Now

Now that Black Friday is finally here, shoppers are logging into as many online retailers as possible to avoid the crowds at the malls or stores, and shop safer this year amid the Covid-19 pandemic. One of the most popular retailers is of course Amazon, and this year they’re offering a multitude of deals on some of their most well-known products. 

Echo Flex: The Echo Flex is a small smart speaker that simply plugs into any outlet and will turn any room into a melodic space filled with your favorite tunes. The Flex is currently on sale for $9.99, originally $24.99.

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Echo Dot: The fourth-generation Echo Dot is Amazon’s latest Dot model and features a new sleek spherical shape. The Echo Dot is on sale for the first time this Black Friday for just $28.99 for the base model, or for $10 more you could get the Echo Dot with Clock or the Kids Edition.

Ring Video Doorbells: Ring Video doorbells are some of the most popular video-security devices on the market now. The sleek design comes in both silver and bronze to match any homes aesthetic, and is now on sale for pricing starting at $70. The doorbells feature 1080p HD video and are super easy to install.

Echo Show 8: Originally $130 the Echo Show 8 is now on sale for the low price of $65! The smart display is now available at its lowest price ever and comes in both charcoal and sandstone color schemes. 

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Kindle Paperwhite: The Kindle Paperwhite is one of the most popular e-readers on the market currently. Starting at just $85 this Black Friday, the paperwhite is the perfect gift for any reader in your life. It’s the thinnest model Amazon’s ever released, and it’s waterproof in case you accidentally spill anything on it.

Fire HD Tablet 8 Plus: Originally $110 the Fire HD Tablet 8 Plus is now on sale for just $75! This is also CNN’s budget pick for best tablet of the holiday season.

Fire TV Recast: On sale for $180, the Fire TV Recast is the perfect DVR device for any cable lover in your life. The Recast gives you the ability to watch and record over-the-air TV at home with your Fire TV or Echo Show! You can also record on-the-go with the mobile app. 

Echo Buds: Originally $130 the Echo Buds are now on sale for $80. These wireless earbuds bring Alexa on-the-go with you and offer an immersive sound experience, and a battery-life lasting up to 5 hours of continuous audio.  

Fire TV Cube: On sale for $80, the Fire TV Cube is Amazon’s most powerful Fire TV device that allows for easy Alexa-enabled entertainment. The Cube can also control any other Amazon smart home devices you have in the home.

Cyber Monday

Top 5 Best Cyber Monday Deals for 2019

In recent years, Cyber Monday has eclipsed Black Friday as one of the best days of the year for deals on all manner of products. The number of items on sale across the Internet is surely in the thousands, and it can be difficult to find the best deals. As such, this article details some of the best deals on some of the most popular products this holiday season.

1) Apple Airpods

Wireless earbuds are all the rage as of late, and for iPhone users, there’s perhaps no better option than Apple’s own Airpods. Normally $159, they can be purchased for $144 today only from Walmart. While this is not the best deal on this list, Airpods are an extremely popular gift this holiday season, and the wireless earphones are, as of this writing, currently sold out on Amazon and other retailers. Apple products rarely go on sale, so if you’re planning on giving Airpods as a gift this year, it’s a good idea to buy them today before the deal ends or they’re sold out.

2) Apple iPad

An even better deal can be found for the newest versions of Apple’s iPad, which can be purchased for up to $100 off today. The new iPad can be bought at a discount from various retailers, including Target, Amazon, Walmart, and Best Buy today. On Target’s website, the 10.2 inch 32 GB iPad is $229.99, $100 less than its usual price. If you want to buy the tablet in other colors, however, you’ll have to spend $249.99, which is still a substantial discount. Apple’s latest version of its popular tablet is its best yet, and thanks to software updates and a wide range of accessories, the iPad is a powerful mobile computer which can be had for an excellent price.

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3) Xbox One X

Video game consoles are often a great holiday gift for children and teenagers, and the most recent gaming consoles are as affordable as they’ve ever been. The Xbox One X, Microsoft’s answer to Sony’s Playstation 4 and Nintendo’s Switch, can be purchased at a $200 discount for $299 from B&H today only. The Xbox One X is an update to the Xbox One, and supports 4K and HDR output. As such, the console makes a great gift for fans of video games who want to enjoy some of the best graphics console gaming has to offer, as long as they have a TV compatible with the console’s advanced visual features.

4) Amazon Fire TV Stick

Another great entertainment option is Amazon’s Fire TV Stick, which plugs into the HDMI port on a TV and grants access to a wide variety of streaming video services, including Netflix, Hulu, Youtube, and Amazon Prime Video. The Fire TV Stick is offered for $19.99, half of its usual price, on Amazon, Target, and Best Buy. The Fire TV Stick transforms any HDTV into a Smart TV, and its easy-to-use interface is ideal for accessing movies and TV shows. The device’s remote even offers a voice input feature through Alexa. For just under $20, the Fire TV Stick is a great option for streamlining one’s TV-watching experience.

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5) Samsung Galaxy Watch Active 2

While the Apple Watch is likely the best available smartwatch for iPhone users, people who have Android phones have a plethora of options for compatible devices. Probably the best smartwatch for Android users is the Samsung Galaxy Watch Active 2, which is currently $50 off on Amazon. Both the 40mm and 44 mm sizes are on sale today, and can be purchased for $229 and $249 respectively. Though it was released just months after Samsung’s other Active smartwatch, the Samsung Galaxy Watch Active, this watch offers a number of improvements over its predecessor, including more accurate heart-rate sensors and a 2-day battery life. The watch works especially well with Samsung smartphones, making the watch an excellent gift for someone who has a Galaxy or Note phone.

As always, time is of the essence when shopping for deals on Cyber Monday, as the products listed here as well as countless others are likely to be sold out by the end of the day. It’s a good idea to take advantage of these deals while they last and complete your holiday shopping when you can save the most money.

Labor Day

What Labor Day is Really About

When most of us think of Labor Day, we think of back-to-school sales and having one last summer barbecue before the unofficial end of the season. But while many of us have a vague understanding that the federal holiday has to do with the labor rights movement in the United States, few of us fully appreciate the history behind the holiday, and how that history affects labor in this country today.

While the specific details about the origin of Labor Day have been disputed, the holiday traces its roots to the Industrial Revolution, a period of American history in which advances in technology had a substantial impact on society, as cities exploded in size and agricultural communities began to fade away. During the late 1800s, an increasing number of people worked in factories, mills, and mines. The working conditions for laborers in these fields was abysmal; the average American worker worked 12-hour days, seven days a week, just to make enough money to live. Additionally, these workers often lived in crowded, unsanitary, and unsafe tenement houses, which often lacked running water and other basic amenities. In the workplace, little concern was given to safety, as machinery had the potential to cause injuries, including dismemberment, and employees had little access to fresh air and breaks. Even worse, many of these employees were children, some as young as 5 years old.

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It was in the context of these living and working conditions that the labor movement began to emerge. Workers started to form unions, which would go on strike and rally in order to put pressure on employers to increase wages, reduce hours, and improve conditions. Employers were reluctant to take any actions that would cut into their profits, however, and resisted the demands of unions, oftentimes firing workers who organized and led unions or punishing them by other means. Occasionally, the tension between worker and employee would become so great that it would lead to violence, such as in the Haymarket Riot of 1886, in which a number of Chicago workers and policemen were killed. The first Labor Day parade was held on September 5th, 1882, when 10,000 workers took time off from work to march from City Hall to Union Square in New York City.

The idea of a holiday to celebrate the working man, taking place on the first Monday in September, spread to industrial communities across the country, and several states passed laws recognizing the holiday. However, Congress did not recognize the holiday until 1894, after the American Railroad Union called for a boycott of all Pullman railway cars in order to protest wage cuts and the firing of representatives of the union. The federal government sent the military to Chicago in order to break the strike, which led to riots in which over a dozen workers died. In an attempt to reconcile with laborers in the aftermath of the violence, President Grover Cleveland signed a bill recognizing Labor Day as a federal holiday into law. The original founder of Labor Day remains unknown.

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Of course, the struggle to improve working conditions in America did not end there. Though Labor Day was recognized by the federal government by the end of the nineteenth century, that recognition was largely symbolic, as employers remained relatively free to treat their employees as poorly as they pleased without breaking the law. Workers continued to protest and lobby for legislation protecting their rights, and on September 3rd, 1916, the Adamson Act was passed, which established a standard eight-hour workday for railroad workers, with additional pay being required for overtime. After this law was passed, railway companies refused to follow it, claiming that it was unconstitutional, until the Supreme Court upheld the constitutionality of the law the following year. The success of this law led to similar efforts from other industries to pressure governments to pass legislation benefiting workers, and in 1938, the Fair Labor Standards Act was passed, which extended the eight-hour workday to other industries, created “time-and-a-half” pay for people who worked more than forty hours a week, established the right to a minimum wage, and placed restrictions on the type of work minors were allowed to do. 

Although a tremendous amount of progress has been made in securing workers’ rights, there are still areas that can be improved upon. Most notably, not every job pays time-and-a-half for overtime, as some industries and types of work are exempt from laws requiring employees to pay extra for hours beyond forty a week. Some jobs which have become popular in recent years, such as driving for Uber, lack the same protections of other jobs as workers are labelled as contractors rather than employees. And over the past several years, labor unions have been under an increasing amount of pressure, as only 10.5 percent of American workers belong to unions, whereas in the 1950s more than a third of American workers did. And, ironically, Labor Day is one of the busiest days for retail outlets, as many employees are expected to work overtime in order to meet demand created by sales. So this Labor Day, in between shopping, barbecuing, and picnicking, take some time to consider the history of the labor movement in this country.

Sources:

https://www.history.com/topics/holidays/labor-day-1

https://www.encyclopedia.com/history/dictionaries-thesauruses-pictures-and-press-releases/adamson-act

https://www.nelp.org/blog/this-week-in-labor-history-remembering-the-adamson-act/