Posts tagged with "Yahoo Finance"

‘The flee market’: Are city dwellers decamping for the suburbs? Not so much, a recent survey finds

August 17, 2020

If you were preparing to plant a “for sale” sign in front of your suburban home in anticipation of all those city dwellers fleeing the coronavirus pandemic, you might need to push pause, based on results of a survey fielded recently by Yahoo Finance and The Harris Poll. .

With lockdowns and restrictions easing up in some cities, 74% of city based respondents to the poll  say that they are likely to stay put, the pollsters say—despite the ongoing health crisis—while just 26% say they are somewhat or very likely to relocate.

“As the risk of catching COVID-19 subsides, city dwellers are reminded of why they love city living,” Will Johnson, CEO of The Harris Poll said according to Yahoo Finance.

The apparent change of heart comes as restaurants and some other businesses reopen after many shuttered their doors in the spring to slow the spread of the coronavirus. In May, 60% of those living in cities said they wanted to remain where they were—significantly fewer than the number saying they’d likely stay put in the latest poll taken from July 31 through Aug. 3.

Generations Y and Z, young adults between the ages of 18 and 34, were the group that most wanted to pack up for the suburbs, with 44% of them thinking about such a move. That’s compared to nearly 30% of Americans between the ages of 35 and 44 who said they would probably leave the city, and roughly 10% of those 45 and older who were considering the same.

Income also played a key role in who was contemplating a move to the suburbs. Roughly 35% of city residents who earned an annual salary of $100,000 or more said they wanted to leave, compared to 19% of their neighbors who earned less than $50,000 a year. And a third of those surveyed who were working said they would probably head to the suburbs, while 16% of those who were unemployed planned to do the same.

“Wealthier households have greater mobility within the housing market due to higher ownership rates and access to lower mortgage rates,” Johnson said.

Children also proved to be a dividing line between those who wanted to leave cities, with nearly 40% of those who had kids saying they were at least somewhat likely to head to the suburbs, possibly in search of more space and stronger schools. Among those without children, 16% said they might leave the city.

But residents of the suburbs also preferred where they were, with 86% saying they were not likely to leave because of the COVID-19 crisis, up from 70% in May.

As economic uncertainty lingers and the coronavirus surges in hot spots across the U.S., it remains to be seen how moving patterns will ultimately shake out.

“It’s too early to predict the macro changes to housing in urban, suburban and rural communities,’’ Johnson said. “Although intentions to leave the city have dropped over (the) last three months, sentiment is different from behavior.”

Research contact: @HarrisPoll

55% say Amazon plays fair with USPS

April 10, 2018

President Donald Trump continues to harass Amazon—contending that the online shopping site pays the U.S. Postal Service too little to deliver its packages and is, therefore, ripping off taxpayers. But do the American people agree? That’s what Yahoo asked in a recent survey.

The Web-based news, email and search site released results on April 3 of a flash online survey of nearly 20,000 Yahoo Finance readers—which found that 55% say Trump is wrong and think Amazon plays fair. About 32% say Trump is right and think Amazon doesn’t play fair. Nearly 13% aren’t sure.

Yet Amazon is far more popular than Trump, at least among Yahoo Finance users. Overall, 70% of survey respondents have a positive impression of Amazon, compared with just 26% who have a positive impression of Trump. (In Gallup’s latest weekly survey, Trump’s approval rating is 39%.)

It is very unlikely Amazon has a sweetheart deal with the Postal Service that no other bulk shipper is able to get, Yahoo reports. By law, the Postal Service must break even on every contract for package delivery, at a minimum. It sets the rates Amazon pays; not Amazon. Given the volume Amazon ships, it’s more likely that Amazon is providing a valuable revenue stream to the Postal Service than taking it for a ride.

But Trump isn’t trying to win on facts. According to Yahoo, “He seems to despise Amazon CEO Jeff Bezos, who owns The Washington Post, which is a frequent Trump critic. So Trump appears to be trying to damage Amazon, the source of Bezos’s immense wealth.”

And Trump has succeeded, at least temporarily, Yahoo says. Amazon shares have fallen by about 8% since Trump’s first Twitter attack on March 29—zapping about $58 billion in market value.

Trump supporters, not surprisingly, are more likely to agree with Trump and frown on Amazon. Of the 26% of survey respondents who said they have a positive impression of Trump, 77% agree with him about Amazon, and only 11% think he’s wrong. Here’s how the Trump supporters answered:

Trump, of course, may believe he’s winning if he manages to turn anybody against Amazon, which, Yahoo said, “he probably has, given that some of his core supporters line up behind just about any stance he takes.”

Research contact: @YahooFinance

NFL boycotters are split on notion of ‘taking a knee’

January 10, 2018

Throughout this 2017 NFL season, television ratings have declined and fans, TV pundits, and reporters have speculated why. Was it the protests of players during the national anthem that caused viewers to turn their sets off and ticket holders to empty their stadium seats?

Now, a survey from SurveyMonkey and Ozy Media, shared first with Yahoo Finance, finds that 33% of NFL fans boycotted the league this year—but not entirely because they were outraged by the player protests.

In fact, the researchers say, it was nearly 50:50. Half boycotted specifically in support of protest originator and free agent Colin Kaepernick (and/or demonstrations by his fellow players) and half boycotted in support of President Trump, who vocally opposed the protests.

The survey, released on January 8, was conducted among a national sample of 1,726 adults. It found that 1,233 of those people identified as football fans.

The survey then asked the football fans: “Did you purposely stop watching or attending NFL games this season for any reason?” One-third of respondents said yes.

That group, which the survey labeled as boycotters, was asked why, and was given multiple options. They answered as follows:

  • 32% said they stopped watching or attending NFL games in support of Donald Trump;
  • 22% said they did so in solidarity with players kneeling;
  • 13% said they had no interest in the teams playing;
  • 12% said they boycotted in support of Colin Kaepernick; and
  • 11% said they had distanced themselves from the sport because of news about traumatic brain injuries among players.

Another 8% said “games are boring” and 46% chose “some other reason.”

The results also show an interesting difference between male and female respondents: More men said they turned away from the NFL in support of Trump (35% to 25%), while more women said they did it in support of the players who took to their knees (30% to 17%) or in support of Kaepernick (17% to 10%).

The polling organizations note that there’s a nuance to consider here: Although it’s likely fair to assume that support of Kapernick is the same as support of the protests, it’s possible that there are people who were outraged that no team signed Kaepernick, but were also outraged by the player protests.

Similarly, it’s possible that some people do not like the protests but also do not like Trump’s constant attacks on the NFL. (In a Seton Hall University poll in November,71% of respondents said Trump should “stay out of it.”)

Research contact: @readDanwrite