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Parents and guardians looking to keep kids entertained this summer reportedly helped boost sales of LEGO sets. The company’s second quarter report shows a 14 percent increase in sales during the first half of 2020 over the same time period last year.“During the first half, we saw the benefits of our investments in long-term growth initiatives such as e-commerce and product innovation,” the LEGO Group CEO, Niels B. Christiansen said in a statement.He also thanked employees and colleagues who did “everything they could to stay safe and bring play to children and families around the world.”Despite citing growth in e-commerce, LEGO is planning to open dozens of new stores yet this year.The toy company announced they are still on track to open 120 new stores in 2020, with about 80 of them based in China. They reported 46 stores around the world have already opened this year.Christiansen told the BBC sales of more complicated and larger LEGO sets grew by two and a half times in the first half of the year, possibly as families spent more time at home in lockdown and needed projects to do together.The company’s report also shared the top selling LEGO themes, in no particular order:LEGO TechnicLEGO Speed ChampionsLEGO ClassicLEGO Star WarsLEGO Harry PotterLEGO Disney Princess 1295
Plan to buy your first home in 2021? It’ll probably take months instead of weeks, and you might feel demoralized at times.That’s not negative thinking. It’s an acknowledgment that the road to homeownership has potholes. The journey can be bumpy, but the destination is worth it. When you know at the outset that you’re in for emotional highs and lows, it’s easier to shrug off those lows and keep on truckin’.Here’s why 2021 will be a rough year for first-time home buyers — and how to manage your emotions during the process.Why buying a home in 2021 will be toughThere aren’t enough homes for sale to meet demand. At the end of October, the most recent month with available data, 1.42 million existing homes were available for resale. At that month’s sales pace, it would take just 2.5 months to sell every home on the market — an all-time low, according to the National Association of Realtors. The supply of new homes for sale was enough for 3.3 months, tied with the previous month for a record low.Supply is low because buyers are pouncing whenever homes become available. Most existing homes sold in October — 7 in 10 — were on the market less than a month, according to the NAR.With a slender stock of homes selling fast, buyers have little power. “The control is in the seller’s hands because of supply and demand,” says Terri Robinson, a Realtor with Re/Max Select Properties in Ashburn, Virginia.Set realistic expectationsExpect months to elapse between the first step of checking your credit reports to the final step of closing on the home. “The first thing that I hope people understand is it’s not an overnight process,” says Marc J. Jenkins, a real estate agent with Prime Property Partners in Atlanta.Jenkins tells first-timer clients that it typically takes five to eight months to buy a home. Understanding that homebuying timeline “prepares them mentally, emotionally and financially to see this process through.” Would-be buyers are prone to burnout if they expect the process to take a month, he says.Everyone wants a bargain, but buyers need to recalibrate the meaning of that word so it applies to today’s competitive environment. “A bargain, if I were to redefine that, is the home that you want for the price that you’re willing to pay,” Robinson says.Know where you’ll compromiseMore than three-quarters of home buyers in their 20s and 30s made compromises, according to NAR’s 2020 Home Buyers and Sellers Generational Trends Report. The most common compromises had to do with the condition or price of the home.So before you start seriously looking at homes, decide what you need and what you won’t budge on. You may have a maximum price and commute time, a minimum size or other requirements. Those are your deal breakers. Write them down. Resist the temptation to compromise on deal breakers, even when you feel discouraged. For all else, keep an open mind.Make decisions fastIn today’s market, many homes are on the market for less than a month, so it’s important to make an offer quickly once you find one you like. Let your list of deal breakers be your guide. If a home meets your criteria, including an acceptable price, it may be worth making an offer. Again, quickly, because many sellers field multiple offers within a day or two of listing the home and planting a “for sale” sign in the yard.“Even as a first-time home buyer, they may have to make a quick decision whether or not to buy a home,” Robinson says. To have the offer taken seriously, have a preapproval letter from a lender and make a competitive offer, she adds.Don’t take rejection personallyWhen first-time buyers make offers, “they’re going to get rejected many times,” says Laura Moreno, host of the “First Time Home Buyer Podcast” and founder of a tech startup called HomeFlow that offers an all-in-one homebuying platform.As rejected offers pile up, they take it personally or feel worthless, Moreno says. “What I tell them is just breathe. It’s not a judgment against you.”You might get lucky and have your first offer accepted. But don’t count on it. Realize that for the seller, this is a business decision.Wait before you celebrateYour offer was accepted? Great! Just remember that the home inspection and lender’s appraisal are coming next, and either of them can knock the deal awry. The more excited you get about the seller giving your offer a thumbs-up, the more disappointed you’ll be if you have to give the deal a thumbs-down after the inspection or appraisal.Think about the seller’s needsYou’re focused on your own needs and problems. That’s understandable, but there’s a benefit to thinking about the seller’s needs, too.Jenkins advises making the offer attractive to the seller. That might mean keeping the inspection period short: maybe just three to five days, so the seller can put the home back on the market promptly if you’re dissatisfied with the inspection and decide to move on.Having a preapproval letter from a reputable mortgage lender, paying all of your own closing costs and paying some or all of your agent’s commission are other ways to meet the seller’s needs.Have a backup plan: Don’t buy yetAs fervently as you want to buy a house in 2021, your best option might be to wait until fortune favors you. By putting homebuying on hold for a few months, you give yourself time to save for a bigger down payment and build your credit, and for your local housing market to become less competitive.More From NerdWalletHow first-home shoppers can keep a cool head in a hot market4 market headwinds facing first-time home buyersThe credit score needed to buy a houseHolden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. 5691
PHOENIX (AP) — Tens of thousands of coronavirus test kits that went unused during a 12-day testing blitz in Phoenix's hardest-hit Latino neighborhoods shows a failure to spread the word to a community that’s often distrustful of government. Suspicion over uniformed National Guard members at the testing site and initial requirements to show IDs and pre-register also stopped many Latinos from getting a free test in the national COVID-19 hot spot. Community leaders say officials need to go beyond the obvious translations and press releases when communicating with Hispanic people. That can include promoting events on popular social media accounts or doing live interviews on Spanish radio. 701
Police have apprehended a suspect in Phoenix after a lengthy pursuit on Tuesday afternoon. According to Phoenix police, the vehicle in the pursuit was part of an armed robbery investigation. At one point during the pursuit, the suspect carjacked a woman in Tolleson, Arizona.Watch chase in video player below. 333
Police Chief Mike Koval in Madison, Wisconsin arrested WISC-TV Meteorologist Dave Caufield during a live newscast for "stealing spring," according to the station.Koval and Capt. Cory Nelson 'arrested' Caufield for charges of spreading false hope for warmer weather and not following through on promises."You are so infatuated with breaking records that we believe you are instigating this prolonged pain and misery," Koval said.Caufield said he's taking the fall for Mother Nature's crimes.Although we're all upset about the weather, the only one to blame here is Mother Nature herself. The Madison Police Department will not actually be pressing charges against Dave Caufield. 721