Hayley Chowdhry 23, Sep 17 mins
17 mins
The Ritz Herald
Santa Monica, CA. © Matthew LeJune
National median home price rises 18 percent to another new high

ATTOM, curator of the nation’s premier property database, today released its third-quarter 2021 U.S. Home Affordability Report, showing that median-priced single-family homes are less affordable in the third quarter compared to historical averages in 75 percent of counties across the nation with enough data to analyze. That is up from 56 percent of counties in the third quarter of 2020, to the highest point in 13 years, as home prices have increased faster than wages in much of the country.

The report determined affordability for average wage earners by calculating the amount of income needed to meet monthly homeownership expenses — including mortgage, property taxes, and insurance — on a median-priced single-family home, assuming a 20 percent down payment and a 28 percent maximum “front-end” debt-to-income ratio. That required income was then compared to annualized average weekly wage data from the Bureau of Labor Statistics (see full methodology below).

Compared to historical levels, median home prices in 430 of the 572 counties analyzed in the third quarter of 2021 are less affordable than past averages. The latest number is up from 317 of the same group of counties in the third quarter of 2020 – a downturn that developed as the median national home price shot up 18 percent to a record high of $315,500.

While major ownership costs on median-priced homes do remain within the financial means of average workers across the nation in the third quarter of 2021, the percentage of counties where affordability is worse than historical averages has hit its highest point since the third quarter of 2008.

The latest pattern – home prices still manageable but getting less affordable – has resulted in…






Hicks Outlines Strategy to Thwart Sexual Assault in Military
In DOD’s implementation roadmap, the deputy secretary said DOD will make foundational investments to support
The Ritz Herald
Secretary Blinken’s Meeting with the P5 Foreign Ministers
Secretary of State Antony J. Blinken convened yesterday with Foreign Ministers of the People’s Republic of China,
The Ritz Herald
Howard Ross Wins Over $3 Million Verdict Against the City of St Petersburg, FL
The Ritz Herald

Battaglia, Ross, Dicus & McQuaid, P.A. announces a significant 3.1 million dollar verdict achieved by Howard P. Ross, ESQ., B.C.S. this week against the City of St. Petersburg. This case involved development rights to an important commercial property in Midtown St. Petersburg that TLM Investment Group…

Home Flipping Increases While Profit Margins Continue to Drop Across U.S. In Q2 2021
The Ritz Herald

ATTOM, curator of the nation’s premier property database, today released its second-quarter 2021 U.S. Home Flipping Report showing that 79,733 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 4.9 percent of all home sales in the second quarter of 2021,…

Amazon Starting Pay Increase Good for Workers, Comes With ‘Big Challenges’
The Ritz Herald

Amazon recently announced an increase in the average starting wage for their workers to $18 per hour. The following Cornell University experts weigh in on what this change will mean for workers, managers and the broader industry.

Diane Burton, human resources professor and director of the Institute for Compensation Studies…

Boeing Forecasts $9 Trillion Aerospace Market Opportunities in Commercial, Defense and Services Over Next Decade
The Ritz Herald

Boeing released its annual forecast for the commercial, defense and space aerospace market, reflecting signs of the industry’s recovery following the impacts of COVID-19. The 2021 Boeing Market Outlook (BMO) – Boeing’s analysis of long-term market dynamics – states that commercial airplanes and services are showing signs…

Media CEO Kiarash Behain Launches a Program to Help Young Entrepreneurs on Business Planning
The Ritz Herald

The rates of young people who fail to transition from childhood to independent adulthood is on the rise. Each year, more young adults find themselves without full-time jobs, relying on their parents, or staying longer in school. These statistics are focused on the age ranges of 17 to 25.


6 mins
Avelo Airlines takes off with first flight between Burbank and Santa Rosa at Hollywood Burbank Airport on April 28, 2021, in Burbank, California. © Joe Scarnici
The Ritz Herald
Everyday low fares to airline's second ACV destination start at $29

Building on the popularity of Avelo Airlines’ current service between the Humboldt Bay Area and Los Angeles, the airline today announced the addition of a second popular leisure destination – Las Vegas.

Avelo’s exclusive twice-weekly direct service between California Redwood Coast – Humboldt County Airport (ACV) and Las Vegas’ McCarran International Airport (LAS) begins November 18, 2021 and will be operated by Boeing Next Generation 737-800 aircraft.

“We are excited to add this second popular vacation and entertainment destination to our Eureka / Arcata schedule,” said Avelo Chairman and CEO Andrew Levy. “Getting to Vegas from the Humboldt Bay Area is now easier and more affordable than ever. The addition of Las Vegas to our existing Los Angeles service, demonstrates our commitment to providing more choice and convenient access to the places our Customers want to go at everyday low fares.”

Everyday one-way low fares to the entertainment capital of the world starting at $29* are available at

The flight will operate on Thursdays and Sundays. Flight 147 departs ACV at 3:00 PM, arriving LAS at 4:45 PM. Flight 148 departs LAS at 5:25 PM, arriving ACV at 7:25 PM.

“We are beyond excited to expand our partnership with…

4 mins
© Annie Spratt
The Ritz Herald
Younger generation of workers prioritize flexible work hours, mental health and wellness benefits, and familial care benefits above a pay increase

New research from Paychex, Inc., a leading provider of integrated human capital management solutions for human resources, payroll, benefits, and insurance services, reveals employee loyalty is at risk among younger generations, with one in three Gen-Z and Millennial workers actively looking for a new job, as employers experience what has been termed “The Great Resignation.” This survey was conducted in partnership with Future Workplace, an HR research and advisory firm.

According to the research, older generations including Boomers and Gen Xers tend to be more content with their current employment. Only 11 percent of Boomers (born 1946-1964) and 27 percent of Gen Xers (born 1965-1980) are actively seeking a new job, compared to 35 percent of Millennials (born 1981-1996) and 44 percent of Gen Zers (born 1997-2012).

“The COVID-19 pandemic gave many workers the opportunity to reflect on what is most important to them in a job and an employer and assess their priorities for future roles,” said Alison Stevens, director of HR Services, Paychex. “For many, the COVID-19 pandemic revealed that their current position or company was not serving them. If companies are not adeptly responding to the rapidly evolving and expanding needs of their employees, they are likely falling…

Talent Management and Economic Growth
The Ritz Herald

Our editorial team just came across a fascinating educational short book, titled: ‘Talent-Based Economy’, written by award-winning author and scholar, Mosi Dorbayani, who is an Executive Advisor and Economist at Orenda Enterprises Inc – Canada. To gain some insights and share more with our readers, we invited him to…

Remote Work Will Fuel Housing Demand for Years to Come
The Ritz Herald

As employers make — or delay — plans to reopen workplaces this fall, new Zillow research finds that nearly 40% of U.S. workers (39%) still don’t know if or how often they’ll be working in person. More than one-third of those workers (35%) say that…

When Everyone Works Remotely, Communication and Collaboration Suffer
The Ritz Herald

As companies debate the impact of large-scale remote work, a new study of over 61,000 Microsoft employees found that working from home causes workers to become more siloed in how they communicate, engage in fewer real-time conversations, and spend fewer hours in meetings.

The study, published…

Transform Your Restaurant With All-New Book From Adina Brunetti
The Ritz Herald

Adina Brunetti, the founder of one of Miami’s largest communications agencies and creative director of Adina Creative Food, has recently unveiled her second book. ‘Your Restaurant: Exceptional Customer Service’ is an in-depth guide helping restaurant owners take their establishment to the next level through unrivaled customer service.

In this highly…

Small Businesses Follow Big Chains’ Lead on Pandemic Closures
The Ritz Herald

From the earliest days of the coronavirus pandemic, local shops, restaurants, and other small businesses have struggled with how best to respond to the ever-changing crisis.

A new Berkeley Haas study found that when it came to closures, the big chains set the tone: In the first few weeks of…

7 mins
The Ritz Herald
© Paulo Silva
Homeowners listing their houses should make up 40% of inventory in the coming year
By / Finance Reporter

Desperately needed housing inventory is on the rise and expected to come primarily from sales by existing homeowners, among a host of other sources — the smallest of which is foreclosures — according to a panel of real estate experts responding to the latest Zillow Home Price Expectations Survey. The housing market is expected to stay stable as homeowners exit forbearance programs, while rents and vacancies are not expected to rise dramatically following the end of the federal eviction moratorium.

“Now with more confidence in their long-term housing decisions, we are seeing existing homeowners finally returning to the market as sellers, who will provide the largest chunk of for-sale inventory in the next year,” said Nicole Bachaud, economic data analyst at Zillow. “This is welcome news for many potential buyers, who should see more options to help their home search. Along with the expected moderation of price appreciation in coming months, the market is beginning to shift toward a balance between buyers and sellers — although that middle ground is still a far way off.”

Panelists believe the largest single source of available housing inventory will be existing homeowners buying and moving to a different home, comprising 39.7% of supply over the next year.

Inventory trended downward throughout 2020 and into 2021 as demand for homes took off, driven by the Great Reshuffling, low-interest rates, and a demographic surge of millennial and baby boomer homebuyers. The combination of low supply and high demand pushed prices into new territory, reaching a record-high 17.7% annual appreciation in August. Fortunately…


Dips in Home Sales and Prices Mirror Traditional Late-Summer Moves
August home sales dropped 3.5% from July’s total – and
Howard Ross Wins Over $3 Million Verdict Against the City of St Petersburg, FL
Battaglia, Ross, Dicus & McQuaid, P.A. announces a significant 3.1
Redfin Reports Pending Sales Still Up 6% From 2020
The Ritz Herald

Strong homebuying demand continued through the end of August, with pending sales up 6% from a year earlier, according to a new report from Redfin, the technology-powered real estate brokerage.

Measures of competition, such as the share of homes sold above list price and the number…

10 Ways Recruiters Can Work Smarter Not Harder
The Ritz Herald

When companies make bad hiring choices, they’re also making costly mistakes. Not only does it impact their bottom line and productivity rates in the office, but employee morale can be affected as well.

When recruiters find a candidate that is perfect for an open position-one who meshes with company culture–they…

Vacant Zombie Properties Decline in Q3 2021 as Foreclosure Moratorium Ends
The Ritz Herald

ATTOM, curator of the nation’s premier property database, today released its third-quarter 2021 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,332,706) residential properties in the United States sit vacant. That represents 1.4 percent, or one in 74 homes, across the nation.

The report analyzes publicly recorded real…

6 mins
The Ritz Herald
RE/MAX National Housing Report for August 2021

August home sales dropped 3.5% from July’s total – and the Median Sale Price slipped 1.2% to $335,000 – as seasonal norms signaled that 2021’s busiest home buying and selling months are probably behind us. Despite these drops, August still almost broke records for home sales signaling a still-hot market.

August’s low number of Days on Market (24) and meager Months Supply of Inventory (1.3) reversed two months of inventory gains as strong demand amid tight inventory conditions persisted.

“The slight seasonal decline in home sales from July to August was countered by this being the second-highest August sales total in the 13-year history of our report. So, although we appear to be past the blistering summer peak, the market is still very active,” says Nick Bailey, President, RE/MAX, LLC. “In fact, the drop in home prices might signal to potential sellers that it’s time to get off the fence in case they fall further, which in turn could draw more buyers back into the mix. In any case, it seems likely that the combination of super-quick sales and a severe lack of inventory will be with us for the foreseeable future.”

With year-over-year comparisons skewed by the…



United Airlines to Begin First-Ever Nonstop Service Between Washington, D.C. And Lagos, Nigeria in November 2021

Keller / RH
United Airlines announced today that new service between Washington, D.C. and Lagos, Nigeria will begin November 29 (subject to government approval). The airline will operate three weekly flights connecting the
After Hurricane Ida, Now Is the Time to Protect Your Investment
The Ritz Herald

On the heels of the National Oceanic and Atmospheric Administration increasing their projected hurricane outlook, Hurricane Ida blew through Louisiana leaving an estimated $40 billion in damages in its wake. Now is the time to ensure your home, which for many is their primary investment, is protected from severe…

Condo Prices in Oceanfront Counties Commonly Surge 10 to 40 Percent in Q2 2021
The Ritz Herald

ATTOM, curator of the nation’s premier property database, today released a special report looking at condominium sales and prices in oceanfront counties around the U.S. The report, following up on the June 2021 collapse of the beachfront Champlain Towers South condominiums in Florida, shows that median condo values and…

Follow The Money: The Strong Connection Between Terror and Money Laundering
The Ritz Herald

Every year, an estimated US$2 billion to US$4 trillion is laundered around the world. Over recent years, the money laundering that had been growing for decades has gained another layer of complexity. Nowadays, cryptocurrency is being used as yet another destination for illicit funds being laundered by criminals with…