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Newsweek
09-07-2025
- Business
- Newsweek
Homebuyer Optimism Surges Among College Students
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. Homebuyer optimism is increasing significantly among college students, according to recent polling from College Pulse. Data from the Newsweek/College Pulse study showed that, based on the responses of more than 1,000 undergraduate students last month, the percentage of those who are very optimistic about buying a home in the next 10 years surged from 10 to 23 percent from April to June. Why It Matters Buying a home has become increasingly less affordable in recent years. With home prices reaching record highs and mortgage rates hovering in the high 6 percentage range, the American dream of owning a home one day could be fading among millennial and Gen Z Americans. However, the data reveals that could be changing. A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. PATRICK T. FALLON/AFP via Getty Images What To Know In June, 23 percent of college students surveyed said they were "very optimistic" about owning a home in 10 years. That was a more than double increase from April when 10 percent said the same. Another 35 percent said they were "somewhat" optimistic about owning a home, another slight uptick from 26 percent two months earlier. "This isn't naive optimism. Students are wagering their degrees will outpace housing costs over the next decade," Michael Ryan, a finance expert and the founder of told Newsweek. "The traditional homebuying timeline has been rewritten. Previous generations expected to buy homes in their 20s, today's students plan for a 10-year goal. This extended timeline allows for career establishment, debt paydown and financial stability." This shift could be rooted in current housing market trends, as a recent Redfin report found that sellers outnumber buyers by 34 percent. While there's an estimated 1.94 million active home listings, only 1.45 million buyers are looking, reflecting a significant gap that could cause home prices to stagger down. And in a June HomeLight survey of top real estate agents nationwide, 82 percent said that sellers are dropping home prices compared with this time last year. "Job prospects and overall sentiment are likely the biggest drivers behind this uptick in optimism. What once felt like a distant dream can start to feel attainable when home prices cool and interest rates stabilize," Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek. "Back in April, rates were climbing, and prices seemed to be on an unmanageable trajectory. Now, we're starting to see more balance—prices reaching a level where buyers and sellers are finally meeting in the middle, and rates have stopped rising. That shift in perception changes everything." However, home prices nationwide were still up 0.6 percent year-over-year in May, and the median sale price was $440,910, still dramatically out of many young Americans' budgets. What People Are Saying A spokesperson for College Pulse told Newsweek: "College student optimism about homeownership has grown since early 2025, even as broader political sentiment remains negative. Despite high disapproval of President Trump and widespread concern about the direction of the country, students remain hopeful about their personal futures—particularly around homeownership and career prospects. While trust in society may be low, confidence in individual outcomes continues to rise. This suggests that students are separating national challenges from their own ability to build stable, successful lives." Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, told Newsweek: "Some may laugh at the renewed optimism of college students about home ownership in the coming decade, but it could actually be tied to some financial reality. We're finally starting to see home prices either be stagnant or see declines in some major markets, as sellers are having a harder time finding buyers. That could increase as more baby boomers look to retire and downsize living expenses by selling their existing home for a smaller place." Michael Ryan, a finance expert and the founder of told Newsweek: "Students are betting on their future earning power over current market conditions. While 92 percent of prospective homebuyers report stress about purchasing in 2025, college students look beyond immediate chaos. They know education remains the most reliable path to homeownership, College graduates are way more likely to own homes than nongraduates." Alan Chang, nationwide title and escrow expert, told Newsweek: "I think that college students are realizing that the monthly rent payment vs. the monthly mortgage payment is working out to be close in many markets across the country. The long-term store of wealth in a starter home is also a perfect steppingstone to the next long-term home for professionals that have left school and established a career path." Nick Friedman, president of Homes at HomeLight, told Newsweek: "We're seeing a shift in buyer psychology, especially among younger generations. Younger consumers today are more willing to take risks and explore flexible paths to homeownership— whether that means buying a fixer-upper, embracing unconventional financing, or accepting higher mortgage rates for the sake of getting in the market." What Happens Next While paying for higher education can land many in student loan debt, there's still largely a positive correlation between obtaining a college degree and being able to own a home one day, experts say. "College students understand something many experts miss: education and homeownership are complementary investments, not competing ones. The decline in homeownership has actually occurred among noncollege graduates, not debt-laden students," Ryan said. Still, Mike Chambers, founder and CEO of home-selling help platform Ridley, cautioned against letting the optimism overwhelm expectations about the housing market. "It's great to see more young people feeling hopeful about homeownership," Chambers told Newsweek. "That optimism probably comes from headlines about rising inventory and talk of future rate cuts. But in reality not much has changed: Home prices are still high, interest rates remain elevated, and transaction fees in dollar terms are at or near all-time highs."
Yahoo
01-07-2025
- Sport
- Yahoo
👕 Official: América unveil their new kits!
Club América surprised its fans by officially unveiling its new jersey for the 2025-2026 Liga MX season. The big news is the return of adidas as the official sponsor, after 25 years of absence, rekindling a historic partnership with the most successful club in Mexico. The design of the home jersey keeps the iconic yellow color, but incorporates a pattern reminiscent of eagle feathers, with red, blue, and black details that give it a modern and elegant touch, paying tribute to the historic 1995 jersey. Meanwhile, the away jersey opts for navy blue with neon blue details and two stylized eagles on the chest, a combination that blends tradition and modernity. The official presentation was accompanied by an emotional video in which current players, legends, and club supporters highlighted the importance of this new era and the pride of wearing the colors of Las Águilas. The uniform will make its debut in the friendly match against Puebla on July 2 at the Estadio Ciudad de los Deportes. Advertisement The jersey is already available at the official store and promises to be a hit among fans, who are eagerly awaiting América's new campaign under the motto 'An Inevitable Change.' This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 PATRICK T. FALLON
Newsweek
30-06-2025
- Business
- Newsweek
Amazon Product Recall Update: Customers Told 'Immediately' Stop Using Items
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. Amazon removed dozens of products from its online store this month after the items were recalled. More than 50 products were subject to recall notices in June, with the online marketplace revealing the details of each on its website. Shoppers were informed about a range of issues, including undeclared allergens in food products, faulty medical devices, fire-risk mattresses, and potentially hazardous children's furniture. None of the items were made by Amazon, but they were available via its website until the retailer became aware of the recalls. Amazon subsequently contacted its affected customers and publicized the recalls on its website, saying it "proactively investigates" the products it helps sell. Newsweek reached out to Amazon for comment. Why It Matters Recalls are issued when concerns arise that a product is defective or potentially harmful in some way, such as when testing reveals that foods are contaminated with potentially deadly bacteria or have been infected with a foreign object during the manufacturing process. Products across all industries are subject to recalls, from cars to cocktails. And big-name retailers that stock other brands' products, such as Target, often publicize the details of ongoing recalls on their own websites. Amazon has also published dozens of recall notices this month. Among the items being recalled were approximately 100,000 Crayan brand mattresses, which were sold exclusively by the Chinese brand on Amazon from July 2022 to June 2024 and have now been deemed a fire risk because they don't meet federal safety standards. An Amazon delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021, in Hawthorne, California. An Amazon delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021, in Hawthorne, California. PATRICK T. FALLON/AFP via Getty Images What To Know The items and companies currently listed on Amazon's "recalls and product safety alerts" page are: Sanven Technology Recalls Vevor Handrails Due to Injury Hazard The Coleman Company Recalls Converta Camping Cots and Converta Camping Suspension Stretchers Due to Laceration and Amputation Hazards; Imported by Newell Brands Peg Perego Recalls Tatamia 3-in-1 Recliners, Swings and High Chairs Due to Risk of Suffocation; Violations of Multiple Federal Standards (Recall Alert) iHerb Recalls Bottles and Blister Packs of California Gold Nutrition Iron Supplements Due to Risk of Serious Injury or Death from Child Poisoning; Violation of Federal Standard for Child Resistant Packaging Total Saddle Fit Recalls Western Saddle Cinches Due to Fall and Injury Hazards Bell Sports Recalls Bicycle Helmets Due to Risk of Head Injury; Violation of Federal Standard for Bicycle Helmets Boyro Baby Walkers Recalled Due to Risk of Serious Injury or Death to Children from Fall Hazard; Violations of the Federal Standard for Infant Walkers and Lead Content Ban; Sold Exclusively on FDA Class 2 Device Recall BD Insyte Autoguard Winged, Shielded IV Catheter FDA Class 2 Device Recall BD Insyte Autoguard BC Pro Winged Shielded IV Catheter FDA Class 2 Device Recall BD Insyte Autoguard, Shielded IV Catheter FDA Class 2 Device Recall BD Insyte Autoguard BC Pro Winged Shielded IV Catheter FDA Class 2 Device Recall BD Insyte Autoguard BC Winged, Shielded IV Catheter with Blood Control Technology FDA Class 2 Device Recall BD Insyte Autoguard Winged, Shielded IV Catheter Face Rock Creamery Voluntarily Recalls Vampire Slayer Garlic Cheddar Curds Because of Possible Health Risk Public Recall Title: FDA Class 2 Device Recall LUCAS 2, 3 and 3.1 MaxKare Electric Blankets Recalled Due to Burn and Fire Hazards Crayan Mattresses Recalled Due to Risk of Serious Injury or Death from Fire Hazard; Violation of Federal Standard for Mattress Flammability; Sold Exclusively on Amazon by Crayan Polaris Recalls Ranger XP Kinetic and Pro XD Kinetic Recreational Off-Highway Vehicles (ROVs) Due to Fire Hazard AstroAI Recalls Minifridges Due to Fire and Burn Hazards; Two Fires Resulted in More Than $360,000 in Reported Property Damages YaFiti White Dressers Recalled Due to Risk of Serious Injury or Death from Tip-Over and Entrapment Hazards; Violations of Federal Standard for Clothing Storage Units; Sold on Amazon Medtech Products Inc. Issues Nationwide Recall of Little Remedies® Honey Cough Syrup Due to Microbial Contamination TADAKAZU Baby Loungers Recalled Due to Risk of Serious Injury or Death from Suffocation, Fall and Entrapment Hazards; Violations of Federal Standard for Infant Sleep Products; Sold on Amazon FDA Class 1 Device Recall Dexcom One Glucose Receiver FDA Class 3 Device Recall AcoSound FDA Class 2 Device Recall Texium CSTD Vita-Warehouse Corp. Issues Allergy Alert on Undeclared Peanut Allergen in ALDI Welby®, Berkley Jensen®, and VitaGlobe™ Vitamin B12 Gummy Products FDA Class 2 Device Recall Texium CSTD FDA Class 2 Device Recall Texium CSTD FDA Class 2 Device Recall Hillrom WELCH ALLYN Bugaboo North America Recalls Giraffe High Chairs Due to Risk of Serious Injury or Death from Fall Hazard Mammut Sports Group Recalls Skywalker Pro Via Ferrata Sets Due to Risk of Serious Injury or Death from Fall Hazard More than One Million Anker Power Banks Recalled Due to Fire and Burn Hazards; Manufactured by Anker Innovations TTI Outdoor Power Equipment Recalls RYOBI 40-Volt 24-Inch Cordless Hedge Trimmers Due to Laceration Hazard Agro Superior Group Recalls Oliver & Smith Mattresses Due to Risk of Serious Injury or Death from Fire Hazard; Violation of Federal Standard for Mattress Flammability Medtronic Announces Voluntary Recall of Select Newport™ HT70 and Newport™ HT70 Plus Ventilators and Certain Related Newport™ Service Parts Bornstein Seafoods Inc Recalls Cooked & Peeled Ready-To-Eat Coldwater Shrimp Meat Because of Possible Health Risk Public Recall Title: FDA Class 1 Device Recall Newport HT70 Ventilator Church & Dwight Co., Inc. Issues Voluntary Nationwide Recall of Zicam® Cold Remedy Nasal Swabs, Zicam® Nasal AllClear Swabs, and Orajel™ Baby Teething Swabs Due to Microbial Contamination August Egg Company Recalls Shell Eggs Because of Possible Health Risk Firehook of Virginia Issues Allergy Alert on Undeclared Sesame in Classic Sea Salt Crackers Yamaha Expands Recall of Golf Car Vehicles Due to Crash Hazard; Additional Models and New Repair to Replace Accelerator Pedal Spring Assembly Johnson Health Tech Trading Recalls BowFlex Adjustable Dumbbells Due to Impact Hazard, Including 3.7 Million Sold by Nautilus Inc. ZRWD Infant Swings Recalled Due to Risk of Serious Injury or Death from Suffocation Hazard; Multiple Federal Safety Violations; Sold Exclusively on by ZRWD Portable Hook-On Chairs Recalled Due to Risk of Serious Injury or Death from Fall Hazard; Violation of the Federal Standard for Portable Hook-On Chairs; Sold Exclusively on by Ravmix ZHORANGE Portable Bassinets Recalled Due to Risk of Serious Injury or Death from Fall Hazard; Violation of Federal Standard for Infant Sleep Products; Sold on by DFD Trading Funlio Convertible High Chairs Recalled Due to Risk of Serious Injury or Death from Fall and Entrapment Hazards; Violation of Federal Standards for High Chairs; Sold by Ecogoods Rinnai America Recalls Boilers Due to Carbon Monoxide (CO) Poisoning Hazard Midea Recalls About 1.7 Million U and U+ Window Air Conditioners Due to Risk of Mold Exposure Class 2 Device Recall Lazervida 10W Diode Laser Cutter and Engraver (Model LVD1) Sulu Organics LLC Recalls Pork Lard & Beef Tallow Products Produced Without Benefit of Inspection Springville Meat & Cold Storage Co., Inc., Recalls Beef Jerky/ Beef Snack Stick Products and Voluntarily Inspected Elk, Venison and Buffalo Jerky Products Due to Misbranding and Undeclared Allergens What People Are Saying Amazon, on its website: "Our Product Safety Team proactively investigates and addresses reported safety complaints and incidents to ensure customer protection from potential product-related safety risks. We closely monitor public recall alert websites and receive notifications from vendors and sellers. Upon discovering a product recall, we immediately halt affected product offerings, and promptly inform both customers and sellers involved about the recall." What Happens Next Consumers have various rights when an item they've purchased is hit by a recall, with most manufacturers or sellers typically offering full refunds. Anyone concerned that they bought a product via Amazon that is now subject to a recall should visit its "recalls and product safety alerts" page for further information.
Toronto Sun
26-06-2025
- Automotive
- Toronto Sun
JAY GOLDBERG: Put the electric vehicle mandate in park
A Tesla electric vehicle charges at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Photo by PATRICK T. FALLON / AFP via Getty Images The Chevrolet Corvette. The Subaru Outback. The Mazda Miata. All these cars vary in price, buyer demographic and sales volume. But they all were designed to have one thing in common: The combustion engine. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account If the government of Prime Minister Mark Carney has its way, none of these cars will be sold as new models in Canada, at least the way they were meant to be, by 2035. The Canadian government, by fiat, is going to force automakers to stop selling the type of new cars that most Canadians still want to buy. This may seem to some like a distant problem. Sure, some might say, it's in 10 years. It's a future issue. Right now, Canadians can still buy the cars they want. That may be true. But the impact of the Liberal government's gas-powered new car ban is going to hit consumers a lot sooner than that. The government has mandated that 20% of all new vehicles sold in Canada must be electric next year. In 2030, just five years from now, no less than 60% of all new cars sold must be electric. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. That means many car models that many Canadians love will not even be offered north of the 49th parallel because car companies will be forced to push their electric models on buyers. We're not even talking hybrids. The government mandate says all-electric. According to the government of Canada's statistics, just 14% of Canadians were buying electric vehicles last summer. That means 86% of Canadians, despite generous incentives in some of Canada's largest provinces to go electric, still want to buy old-fashioned, gas-powered cars. And as consumers, Canadians should have every right to do so. If electric vehicles were all the government wants to make them out to be, any astute first grader would ask the following question: Why mandate them? This advertisement has not loaded yet, but your article continues below. The answer is obvious: Buyers aren't flocking to them in droves. Far from it. By virtually every observation, demand for electric vehicles is on the decline, not the upswing. Companies like Ford , Honda and Stellantis have cancelled plans to produce electric vehicle models or delayed plans to build new factories, despite generous government handouts being on the table, due to slowing consumer demand. And there's momentum south of the border against electric vehicle mandates. President Donald Trump ended plans set in place by the Joe Biden administration to mandate that 30% to 56% of all cars sold in the United States be electric. He also revoked permission given by the Biden administration to California and 16 other states to mandate the end of the sale of gasoline-only vehicles by 2035. This advertisement has not loaded yet, but your article continues below. Trump's moves weren't just popular with his base. His executive order was hailed by automaker Stellantis as a ' hugely positive ' development. Anyone who can read a chart can clearly see that the public's appetite to buy electric cars is waning. Automakers want to be able to produce the cars that people want to buy. Automakers that haven't come out against electric vehicle mandates are only not doing so because they've invested so much in producing electric cars that the vast majority of consumers are signalling they don't want. To be clear, if families want to go out and buy electric cars, they should be able to do so. This isn't a question of choice, it's about mandates. Canadians should be free to buy the cars they want to buy. If they want to buy electric, great. But if they want to buy a new gas-powered car, consumers should have every right to do so. This advertisement has not loaded yet, but your article continues below. The government shouldn't be dictating what cars are allowed to be on the floors of the showrooms of the nation. It's time for the Carney government to take off their net-zero blinders and get a dose of reality. Canadians should be allowed to buy the cars they want to buy, full stop. The Liberals should repeal their electric vehicle mandate and let consumers be in the driver's seat. Jay Goldberg is the Canadian affairs manager at the Consumer Choice Center Read More Toronto Raptors Canada Celebrity Canada CFL
Toronto Sun
17-06-2025
- Automotive
- Toronto Sun
New EV rebate program in the works, environment minister says
Published Jun 17, 2025 • 1 minute read A Tesla electric vehicle charges at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Photo by PATRICK T. FALLON / AFP via Getty Images OTTAWA — Environment Minister Julie Dabrusin tells The Canadian Press the government will bring back a consumer rebate program to help make electric vehicles more affordable. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The federal government's former rebate program for electric vehicles, launched in 2019, was so popular it ran out of funding, leading Ottawa to pause it earlier this year. Dabrusin also indicated Canada's electric vehicle mandate — which states all light-duty passenger vehicles sold off the lot must be zero-emissions by 2035 — won't be changing. Conservatives spent Tuesday in Ottawa calling for the mandate to be scrapped, citing concerns about an auto sector threatened by U.S. tariffs. The Liberals ran in the recent federal election on a pitch to encourage Canadians to make greener choices, after Prime Minister Mark Carney cut the consumer carbon tax rate to zero. In the first four months of this year, around eight per cent of all new vehicles sold in Canada were zero-emissions. Toronto Maple Leafs NHL Toronto Maple Leafs Canada Music
