RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Poll: Americans Embracing the Smart Home

September 14, 2015 1:06 am

According to a recent report by The Harris Poll®, over three-quarters of Americans (78 percent) expect newly built homes to include smart home technology within the next five years - and 60 percent believe household devices that can connect to the Internet are good for homeowners, in part because they can save money, keep their family safe and protect their property from theft and vandalism.

Per the poll, the most popular devices currently owned are wireless speaker systems (17 percent) and smart/wireless home security and monitoring systems (9 percent).

For future purchases, Americans would consider the following devices, pending certain “tipping points” like price and potential “bugs in the technology”:

• Smart Thermostats (40 percent)
• Smart Lighting (37 percent)
• Wireless Speaker Systems (35 percent)
• Smart/Wireless Home Security and Monitoring Systems (35 percent)

Interestingly, many Americans have difficulty reconciling the umbrella term “smart home technology” with specific “smart” products, according to the poll. In fact, just 7 percent of Americans say they’ve adopted “smart home technology,” but nearly five times as many (34 percent) say they have at least one smart product in their home, suggesting a disconnect among retailers and consumers.

Still, over half of Americans (51 percent) say smart home technology will improve their quality of life within the next five years, and 43 percent say it will have a big impact on how they manage their home within the next five years.

Source: The Harris Poll®

Published with permission from RISMedia.


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Credit Scoring Lost on Majority of Americans

September 11, 2015 12:54 am

According to a recent report by Bankrate.com, approximately four in five Americans (77 percent) do not know that accounts with high outstanding balances can hurt their credit scores, even if they pay bills on time. Nearly the same percentage is unaware that closing an account lowers their credit scores.

“There’s a lot of confusion around credit scores,” says Jeanine Skowronski, Bankrate.com’s credit card analyst. “Three simple rules to follow are pay your bills on time, keep your balances low and build a diverse portfolio of long-term credit accounts.”

The most expensive misconception, Bankrate.com found, is the notion that Americans must carry a credit card balance in order to improve their credit score. Not so—the average credit card interest rate is 15 percent, so someone carrying a balance under the (false) impression that it will help his or her credit score could be throwing away hundreds or even thousands of dollars each year.

Additionally, 37 percent of Americans did not know that making a payment more than 30 days late can result in a negative account on their credit report, even if the bill is later paid in full.

Zeroing in on millennials, more than half do not know that having a short credit history can potentially delay major life milestones, such as buying a home.

Source: Bankrate.com

Published with permission from RISMedia.


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