Rich Americans Ready to Swoop In If New Zealand Relaxes Home-Buying Ban
Since New Zealand overhauled its golden visa program last month, there has been a surge of interest from would-be US investors, but the inability to buy a house in the country remains an obstacle, said Marcus Beveridge, managing director at Queen City Law in Auckland who specializes in foreign investment.
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Newsweek
23 minutes ago
- Newsweek
Alaska Airlines Reveals Details of Nationwide Outage
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Alaska Airlines has revealed that an "unexpected failure" of a critical piece of hardware caused an IT outage that led to its entire fleet being temporarily grounded on Sunday. The airline announced a ground-stop of its aircraft, including planes flying under its Horizon Air brand, at around 8 p.m. PT. The issue was resolved after around three hours, but knock-on delays continued into Monday. Responding to the incident, Alaska Airlines told Newsweek in a statement: "We're working to get our operations back on track today at Alaska Airlines and Horizon Air after a significant IT outage Sunday night resulted in a system-wide ground stop of flights, which was lifted at 11 p.m. Pacific. "A critical piece of multi-redundant hardware at our data centers, manufactured by a third-party, experienced an unexpected failure. When that happened, it impacted several of our key systems that enable us to run various operations, necessitating the implementation of a ground stop to keep aircraft in position. The safety of our flights was never compromised." An Alaska Airlines plane departing Los Angeles International Airport in March, 2024. An Alaska Airlines plane departing Los Angeles International Airport in March, 2024. DANIEL SLIM/AFP via Getty Images The airline added: "Since Sunday evening, we've had more than 150 flight cancellations, including 64 cancellations today. Additional flight disruptions are likely as we reposition aircraft and crews throughout our network. "The IT outage is not related to any other current events, and it's not connected to the recent cybersecurity incident at Hawaiian Airlines. "We are currently working with our vendor to replace the hardware equipment at the data center. "We appreciate the patience of our guests whose travel plans have been disrupted. We're working to get them to their destinations as quickly as we can. Before heading to the airport, we encourage flyers to check their fight status." This is a developing story. More to follow.
Forbes
2 hours ago
- Forbes
Affordable Housing, Gen Z & The Near Future Of The U.S. Housing Market
When markets tighten, some companies retreat and wait for easier conditions. Others see adversity as the moment to lean into purpose and sharpen differentiation. For Beazer Homes, clarity around brand, culture, and technology strategy is central to navigating today's challenging housing landscape. The housing market has faced a triple threat: rising inventories in many Sunbelt markets, affordability pressures driven by elevated prices and interest rates, and significant declines in builder stock valuations. Allan Merrill Beazer CEO explained, 'Sentiment is toxic. People want to know what the catalyst is, and right now it's hard to see one instantaneously.' Yet despite these headwinds, the brand focus remains on long-term strategic investments. Beazer CEO Allan Merrill The Four Principles To Maintain Focus And Growth During Market Turbulence Four principles shape Beazer's approach. First, being honest about market realities. Optimism is valuable for the long term, but clarity is critical for immediate decision-making. Without it, credibility can slip internally, affecting alignment and morale. Second, using the company's strategy as a filter to prioritize efforts that align with purpose, while shelving distractions that don't. In leaner times, resources tighten, making focus essential. For Beazer that means leaning into its vision to inspire sustainable and healthy living. Third, adjusting time horizons without losing sight of goals. The destination remains constant, even if the speed to reach it changes. This prevents shortcut decisions aimed at hitting arbitrary timelines. Finally, avoiding the temptation to mimic competitors. Tough markets often lead to herd behavior, but maintaining brand points of difference prevents commoditization and preserves long-term value. Dean Wehrli, an industry expert and principal at John Burns noted, 'There are a ton of market headwinds right now, but the smart operator balances long-term success against short-term necessities. Beazer appears to be focused on maintaining that balance to lay the groundwork to not just get through the tough times but come out better on the other end.' Investing In Product, Experience, And People Product innovation remains front and center. Beazer has no plans to reverse course on its leadership in energy efficiency. In fact, now is viewed as the moment to widen that moat. 'Others lose their nerve to save a dollar,' Merrill explained. 'This is when you build the widest moat possible, so when the market recovers, you're far ahead.' Wehrli elaborated, 'Beazer builds exceptional homes. When price is top of mind, quality can lag in the race to offer the least expensive home, but there is always going to be long-term value in building a brand that buyer's associate with quality.' Customer experience is another area of focus. In an anxious homebuying environment, trust matters more than ever. The company has been recognized as the number one builder for customer experience based on third-party owner data, and it continues to invest in technology and AI to enhance interactions before, during, and after purchase. Projects include simplifying the post-ownership experience – such as ensuring homeowners always know who to call and when. Beazer Leverages AI As A Strategic Enabler Rather than treating AI as a standalone initiative, Beazer is embedding it across its technology stack. It is becoming a core toolkit, reshaping processes from site selection to market analytics and talent acquisition. One AI-powered tool accelerates site selection by analyzing potential parcels, ranking them based on dozens of factors and running pro formas. This enables land teams to act faster and smarter. The Intangible Value Of A Meaningful Partnership With Fisher House Nearly a decade into its relationship with Fisher House, the company views it as far more than philanthropy. Employees volunteer to cook meals, maintain homes, and fundraise for military families. 'This isn't about virtue signaling,' Merrill shared. 'It's a serious partnership, not transactional. Over time, consistency builds belief that culture is behavior, not slogans.' The intangible benefits are clear: deeper employee engagement, cultural stability, and a sense of authentic purpose that transcends economic cycles. Stonewood Estates in Durham, N.C. Gen Z & The Housing Market As more Gen Z adults begin to enter the housing market in greater numbers, they are encountering financial hurdles that are reshaping the future of homeownership. According to a new Insurify survey, 91% of Gen Z doubt they can afford a home, and 89% of buyers record underestimating the real costs of homeownership. As someone that has co-authored a research-based book on Marketing to Gen Z, it strikes me that Beazer is one of the few brands that will hit the intersection of affordable pragmatism that I believe will motivate Gen Z to home purchase. Looking Ahead Growth targets remain in place, though timelines have adjusted modestly. The company still aims to reach 200 active communities, now targeting fiscal year 2027 instead of 2026, reflecting a realistic response to market conditions rather than a change in strategy. Ultimately, staying grounded, focusing on areas of true differentiation, integrating AI as a strategic accelerant, and honoring long-term commitments like Fisher House are how Beazer plans to emerge stronger. As cycles turn, those who invest in purpose and people today build the brands that thrive tomorrow.
Yahoo
3 hours ago
- Yahoo
The Raise Needed To Afford a Home in 50 of America's Most Popular Metros
Could your next raise at work be enough money to buy a home? Learn More: See Next: A recent Zillow study outlined how much of a raise is needed to afford typical mortgage payments in 50 of the nation's most popular metropolitan areas. Buying a home in 11 major cities, including Miami, Boston and New York, requires receiving a raise of $50,000 or more. Just how much more? Try a six-figure raise, which is required to afford four hot California real estate markets: San Jose, San Francisco, Los Angeles and San Diego. Take a look at the raise needed, from the highest to lowest amount, to afford a home in 50 of the nation's most popular metros. 1. San Jose, California Raise needed to afford a typical mortgage payment (20% down): $251,597 Typical home value: $1,649,985 Typical mortgage payment: $8,619 Median income: $162,837 Find Out: Explore Next: 2. San Francisco Raise needed to afford a typical mortgage payment (20% down): $165,566 Typical home value: $1,165,757 Typical mortgage payment: $6,090 Median income: $135,311 Trending Now: 3. Los Angeles Raise needed to afford a typical mortgage payment (20% down): $149,375 Typical home value: $973,190 Typical mortgage payment: $5,084 Median income: $98,204 4. San Diego Raise needed to afford a typical mortgage payment (20% down): $128,954 Typical home value: $945,140 Typical mortgage payment: $4,937 Median income: $111,160 5. New York City Raise needed to afford a typical mortgage payment (20% down): $99,343 Typical home value: $705,108 Typical mortgage payment: $3,683 Median income: $102,042 6. Seattle Raise needed to afford a typical mortgage payment (20% down): $84,356 Typical home value: $767,553 Typical mortgage payment: $4,010 Median income: $118,074 7. Boston Raise needed to afford a typical mortgage payment (20% down): $78,703 Typical home value: $733,270 Typical mortgage payment: $3,831 Median income: $117,605 Read More: 8. Riverside, California Raise needed to afford a typical mortgage payment (20% down): $60,685 Typical home value: $591,424 Typical mortgage payment: $3,090 Median income: $94,263 9. Miami Raise needed to afford a typical mortgage payment (20% down): $59,379 Typical home value: $482,204 Typical mortgage payment: $2,519 Median income: $81,901 10. Sacramento, California Raise needed to afford a typical mortgage payment (20% down): $53,660 Typical home value: $590,697 Typical mortgage payment: $3,086 Median income: $101,854 11. Providence, Rhode Island Raise needed to afford a typical mortgage payment (20% down): $50,418 Typical home value: $507,954 Typical mortgage payment: $2,654 Median income: $88,937 12. Portland, Oregon Raise needed to afford a typical mortgage payment (20% down): $48,708 Typical home value: $561,374 Typical mortgage payment: $2,933 Median income: $101,275 13. Denver Raise needed to afford a typical mortgage payment (20% down): $43,588 Typical home value: $592,884 Typical mortgage payment: $3,097 Median income: $109,707 Check Out: 14. Salt Lake City Raise needed to afford a typical mortgage payment (20% down): $40,038 Typical home value: $559,930 Typical mortgage payment: $2,925 Median income: $100,944 15. Milwaukee Raise needed to afford a typical mortgage payment (20% down): $36,519 Typical home value: $374,133 Typical mortgage payment: $1,954 Median income: $82,182 16. Las Vegas Raise needed to afford a typical mortgage payment (20% down): $29,140 Typical home value: $440,327 Typical mortgage payment: $2,300 Median income: $80,966 17. Austin, Texas Raise needed to afford a typical mortgage payment (20% down): $27,545 Typical home value: $451,858 Typical mortgage payment: $2,360 Median income: $104,736 18. Tampa, Florida Raise needed to afford a typical mortgage payment (20% down): $27,198 Typical home value: $368,374 Typical mortgage payment: $1,924 Median income: $77,567 Be Aware: 19. Washington, D.C. Raise needed to afford a typical mortgage payment (20% down): $26,513 Typical home value: $587,645 Typical mortgage payment: $3,070 Median income: $129,410 20. Orlando, Florida Raise needed to afford a typical mortgage payment (20% down): $26,497 Typical home value: $393,884 Typical mortgage payment: $2,058 Median income: $83,211 21. Nashville, Tennessee Raise needed to afford a typical mortgage payment (20% down): $25,508 Typical home value: $459,668 Typical mortgage payment: $2,401 Median income: $90,907 22. Phoenix Raise needed to afford a typical mortgage payment (20% down): $22,500 Typical home value: $456,834 Typical mortgage payment: $2,386 Median income: $90,936 23. Jacksonville, Florida Raise needed to afford a typical mortgage payment (20% down): $19,202 Typical home value: $357,233 Typical mortgage payment: $1,866 Median income: $80,999 See More: 24. Dallas Raise needed to afford a typical mortgage payment (20% down): $17,448 Typical home value: $377,186 Typical mortgage payment: $1,970 Median income: $92,403 25. Raleigh, North Carolina Raise needed to afford a typical mortgage payment (20% down): $16,602 Typical home value: $450,409 Typical mortgage payment: $2,353 Median income: $102,629 26. Philadelphia Raise needed to afford a typical mortgage payment (20% down): $16,344 Typical home value: $382,466 Typical mortgage payment: $1,998 Median income: $91,803 27. Hartford, Connecticut Raise needed to afford a typical mortgage payment (20% down): $16,104 Typical home value: $384,822 Typical mortgage payment: $2,010 Median income: $98,311 28. Charlotte, North Carolina Raise needed to afford a typical mortgage payment (20% down): $15,302 Typical home value: $390,896 Typical mortgage payment: $2,042 Median income: $86,836 That's Interesting: 29. Atlanta Raise needed to afford a typical mortgage payment (20% down): $14,735 Typical home value: $389,097 Typical mortgage payment: $2,033 Median income: $92,240 30. Virginia Beach, Virginia Raise needed to afford a typical mortgage payment (20% down): $13,898 Typical home value: $363,937 Typical mortgage payment: $1,901 Median income: $84,756 31. Richmond, Virginia Raise needed to afford a typical mortgage payment (20% down): $12,816 Typical home value: $388,273 Typical mortgage payment: $2,028 Median income: $90,355 32. New Orleans Raise needed to afford a typical mortgage payment (20% down): $10,543 Typical home value: $253,141 Typical mortgage payment: $1,322 Median income: $65,252 33. Minneapolis Raise needed to afford a typical mortgage payment (20% down): $8,627 Typical home value: $389,105 Typical mortgage payment: $2,033 Median income: $100,980 Discover More: 34. Baltimore Raise needed to afford a typical mortgage payment (20% down): $8,104 Typical home value: $402,127 Typical mortgage payment: $2,101 Median income: $100,217 35. San Antonio, Texas Raise needed to afford a typical mortgage payment (20% down): $8,064 Typical home value: $286,497 Typical mortgage payment: $1,497 Median income: $77,645 36. Kansas City, Missouri Raise needed to afford a typical mortgage payment (20% down): $7,383 Typical home value: $319,698 Typical mortgage payment: $1,670 Median income: $84,445 37. Houston Raise needed to afford a typical mortgage payment (20% down): $6,304 Typical home value: $314,262 Typical mortgage payment: $1,642 Median income: $84,254 38. Columbus, Ohio Raise needed to afford a typical mortgage payment (20% down): $2,561 Typical home value: $330,668 Typical mortgage payment: $1,727 Median income: $82,062 For You: 39. Memphis, Tennessee Raise needed to afford a typical mortgage payment (20% down): $807 Typical home value: $246,017 Typical mortgage payment: $1,285 Median income: $68,015 40. Chicago Raise needed to afford a typical mortgage payment (20% down): -$187 Typical home value: $341,695 Typical mortgage payment: $1,785 Median income: $92,838 41. Louisville, Kentucky Raise needed to afford a typical mortgage payment (20% down): -$855 Typical home value: $271,731 Typical mortgage payment: $1,420 Median income: $73,137 42. Detroit Raise needed to afford a typical mortgage payment (20% down): -$1,804 Typical home value: $264,707 Typical mortgage payment: $1,383 Median income: $76,598 43. Oklahoma City Raise needed to afford a typical mortgage payment (20% down): -$2,201 Typical home value: $242,405 Typical mortgage payment: $1,266 Median income: $74,291 Read Next: 44. Indianapolis Raise needed to afford a typical mortgage payment (20% down): -$3,052 Typical home value: $291,507 Typical mortgage payment: $1,523 Median income: $83,089 45. Buffalo, New York Raise needed to afford a typical mortgage payment (20% down): -$3,137 Typical home value: $276,444 Typical mortgage payment: $1,444 Median income: $74,456 46. Birmingham, Alabama Raise needed to afford a typical mortgage payment (20% down): -$3,933 Typical home value: $257,856 Typical mortgage payment: $1,347 Median income: $73,663 47. Cincinnati Raise needed to afford a typical mortgage payment (20% down): -$4,396 Typical home value: $301,042 Typical mortgage payment: $1,573 Median income: $82,822 48. St. Louis Raise needed to afford a typical mortgage payment (20% down): -$4,897 Typical home value: $269,589 Typical mortgage payment: $1,408 Median income: $82,664 Explore More: 49. Pittsburgh Raise needed to afford a typical mortgage payment (20% down): -$11,244 Typical home value: $226,889 Typical mortgage payment: $1,185 Median income: $76,870 50. Cleveland Raise needed to afford a typical mortgage payment (20% down): -$11,588 Typical home value: $243,743 Typical mortgage payment: $1,273 Median income: $72,083 More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard The 5 Car Brands Named the Least Reliable of 2025 Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on The Raise Needed To Afford a Home in 50 of America's Most Popular Metros
