You should still be prepared for competition when buying a home:
Bottom Line: Home buying competition has been at the center of the housing bubble fears that some have expressed this year. With multiple offers and many home sales above the asking price – some have had bad memories of eight years ago surface. On Friday I offered the latest explanation as to why we aren’t in a housing bubble so I won’t spend additional time addressing it. We are seeing the real-estate market enter a second phase of a recovery. One in which fewer investors are involved, more buyers are financing and fewer competitive offers are being made on home listings. On average you should still expect competition when making an offer to buy a home. It’s just a little less likely that you will.
The peak of competitive bidding on real-estate was March when about 8 in 10 homes (76%) had multiple offers prior to selling. That number has come down as prices have risen but 6 in 10 homes (63%) still are receiving multiple bids according to Trulia. This means that home buyers should be diligent if they’re serious about buying a particular home. This means have a strong loan preapproval (rather than a prequalification) and solid offer price upfront could be important. Uncertain loan offers don’t generally fair well against even lower all cash offers. Also be careful to be too aggressive in low balling your initial offer. If it’s a competitive situation, you may not receive a counter and be left out of the process.
Who the worst drivers are and why you'll have to pay more to drive these cars:
Bottom Line: BMW owners are the worst drivers according to a year long study conducted by the
Jewelry demand has jumped because of lower gold prices:
Bottom Line: While gold and silver prices were diving in May into June, coins sales were soaring. That demand along with average production cost for mining gold at about $1100 per ounce worldwide ($1123 according to my estimate), we saw a floor for gold prices at about $1200 per ounce and $18 per ounce for silver. It hasn’t just been about the investors though… Worldwide Jewelry demand is up nearly 30% this summer over last year to an all time record. The biggest demand for jewelry has come from
iPhone in gold & 128GB of memory & Apple's top spot in value:
Bottom Line: A couple of new features for the next generation iPhones are being leaked out of
Many had suggested that the best days for Apple died with Steve Jobs especially as Apple’s stock price dropped from $705 to $385. No longer though. With new products set to be rolled out Apple’s stock price has risen back to over $500 per share and once again Apple is the world’s most valuable company with a current market value of $456 billion dollars.
Mercedes teamed with Google on in Car Google Glass Nav system:
Bottom Line: While most of us are still wrapping our brains around the idea of Glasses powered by a computer on our head, Mercedes Benz is working on making it a navigation system inside of their cars.
Google Glass will likely be available around next June. Mercedes is working with Google to create an in car navigation system using the product. The argument would be that in car nav systems cause us to take our eyes off of the road at times. If you’re wearing glasses and the glasses provided the directions in your eyes (still sounds really weird right?) you wouldn’t have to take your eyes off of the road. Sounds like something else but wearable tech is the next big thing…
Samsung's Galaxy Gear Smart Watch to hit in September:
Bottom Line: And speaking of wearable tech… Samsung’s first foray into the smart watch market should be here the first week of September. Bloomberg tech analysts are reporting that the product that will be called Galaxy Gear and it will be the first major product release in the up and coming wearable tech market. It’s likely that Apple will have an announcement of it’s own in October but by then Samsung will already have its product readily available. The question is do you want a smartwatch? These companies are ready to bet big on it.
Why it’s a good time to trade out your shrimp for lobster:
Bottom Line: If you like shrimp you’ve likely noticed that your appetite for shrimp is more expensive to feed. Shrimp prices are at a record high right now near $6 per pound for white shrimp. The increase over last summer is more than 50% as
It's been a cruel summer for summer jobs:
Bottom Line: For decades summer meant an opportunity for a job and a little income for high schoolers and college students. That’s now not so much the case. The summer of 2013 was the worst ever for seasonal employment according to Challenger, Gray & Christmas. The job research firm found that summer employment fell another 3% from last year and that only 43% of those seeking summer employment actually obtained jobs. That’s compared to 70% when they started tracking the data in 1980. This means that it’s important to start the process of looking for summer work well before summer these days. An internship or other relationship prior to the summer with a desired employer could also be exceedingly important.