Sunday, April 28, 2024

What Is Ideation? 2024 Guide To The Design Thinking Phase

design thinking process steps

This research forms the foundation of informed design decisions and reduces the risk of costly revisions later on. Similar to reverse thinking, the worst possible idea technique is great for putting the group at ease and removing creative blocks. Finally, you’ll think about how these ideas are connected, depicting said connections with lines and curves—resulting in a visual map. Developed by Tony Buzan in 1972, mindmapping is a visual ideation technique that encourages you to draw connections between different sets of ideas or information. In putting these assumptions to the test, you can determine what characteristics are really necessary, or which solutions could be used instead. As we know, challenging assumptions is crucial to breaking conventional thought patterns and coming up with new ideas.

What Tasks Will You Perform as a Product Designer?

Design thinking is more about exploring and defining the right problem and solution, whereas agile is about efficiently executing and delivering a product. Both methodologies rely heavily on collaboration among cross-functional teams and encourage diverse perspectives and expertise. The organization must be able to generate revenues and profits from the solution. The viability lens is essential not only for commercial organizations but also for non-profits. Governs the storage of data necessary for maintaining website security, user authentication, and fraud prevention mechanisms. “After several iterations, we might get something that works, we validate it with real customers, and we often find that what we thought was a great solution is actually only just OK.

What is design thinking, and how do we apply it?

Brainstorm a range of crazy, creative ideas that address the unmet user needs identified in the define phase. Give yourself and your team total freedom; no idea is too farfetched and quantity supersedes quality. Design thinking can seem like a massive undertaking, but it’s an accessible and adaptable method for all professionals who recognize the value of user-centric, solutions-based innovation. With your problem statement or question defined, you can use observations to think of potential solutions. Here’s what you need to know about the design thinking process and how you can apply it. Here, you’ll review design decisions to see how well you evaluated the end user’s needs and how effective your final design was.

Design Thinking: A Real-World Application

Large companies, for instance, tend to hire specialist designers, so they often have specific roles such as “User Researcher” and “Visual Designer”. Small and medium-sized companies, on the other hand, tend to prefer generalists and will have roles such as “UX Designer” or even “UI/UX Designer”. Always carefully read the job description of an opening before you apply, and make sure it’s a role that you are able and willing to perform. With developers, UX designers ensure that their designs are technically feasible. They provide detailed design specifications and work alongside developers to translate these designs into functional software.

design thinking process steps

It examines the psychology of everyday objects and experiences, and highlights the importance of user-centered design. When UX professionals understand how people perceive and engage with the designed world, they can create more intuitive, meaningful, and satisfying digital experiences. This publication is highly influential as it introduced the concept of contextual inquiry, a user-centered design method that involves observing and interviewing users in their natural environment. It has become a cornerstone of the UX design process, helping teams develop a deep understanding of user needs and behaviors. Wireframes play a critical role in the UX design process by serving as a blueprint for the layout and functionality of a website or application.

Design and the circular economy – deep dive - ellenmacarthurfoundation.org

Design and the circular economy – deep dive.

Posted: Thu, 19 Oct 2023 05:44:40 GMT [source]

A designer’s job isn’t as simple as slapping together some pretty graphics. They need to juggle aesthetics with functionality while keeping technical limitations into account too – kind of like cooking gourmet food over a campfire. Through these conversations, we identify patterns and trends that inform persona creation – fictitious but grounded representations of segments within our target audience.

The main goal of a problem statement is to guide designers working on possible solutions for this problem. A problem statement frames the problem in a way that easily highlights the gap between the current state of things and the end goal. It requires many different viewpoints from designers, future customers, and other stakeholders.

The End Goal of Design Thinking: Be Desirable, Feasible and Viable

Adding a tailored design thinking process to your workflows can address these issues. Once research into the problem has been conducted and an idea of what solutions have failed in the past has formed, it’s time to define the problem in human-centric terms. This means looking at it from the user’s perspective, rather than the designer’s or company’s viewpoint. Insurance firm MassMutual used a design thinking approach to tackle the challenge of getting young adults to purchase life insurance.

Brainstorming is one of the oldest tricks in the book when it comes to generating new ideas as a group. In a brainstorming session, you verbally bounce ideas off of each other in the hopes of finding a blended solution. An analogy provides a comparison between one thing and another, serving as a means of explanation or clarification. The analogy technique compares your situation—or design challenge—to something you are familiar with, enabling you to look at the problem in a new light and consider possible solutions. Well, consider the wording “how might we…”; it suggests that a solution is possible, but doesn’t give any hints as to what that solution might be.

Taking into consideration technologically feasible and viable possibilities business-wise, design thinkers might say “I have a prediction about the future”. By applying a design thinking approach, it’s possible to try these ideas in advance by showing them to the users and testing them (prototyping). During testing, the most important thing is to try the “prediction” with the right users, who can provide reliable and valid feedback according to which the prototype can be modified. This way, design thinkers can turn the predicted future to the past and find a competitive advantage.

MJV Innovation's Design Thinking Book Ranked By Forbes as Top Read - Adweek

MJV Innovation's Design Thinking Book Ranked By Forbes as Top Read.

Posted: Tue, 06 Feb 2024 08:00:00 GMT [source]

You can expect additional iterations and modifications to the solution that entail returning to a previous stage. Continue refining until you find a successful solution and implement it. Design thinking is an approach to problem-solving and innovation that’s both user-centric and solutions-based—that is, it focuses on finding solutions instead of problems. In the testing phase, you’ll look for flaws in the design, gather user feedback, and get input from other stakeholders. Some companies may want to break out the testing part into separate stages.

The team then thinks about solutions to satisfy these needs from the end user’s point of view. These prototypes can be shared and tested within the team itself, in other departments or on a small group of people outside the design team. This influential book explores how design shapes our interactions with the world around us, providing insights that are applicable to digital product design as well.

And user feedback is what allows products to really solve the problems they were designed to solve. For example, initially a chatbot could be manned by actual people until user needs are understood. The ideation phase of any design project can be one of the most creative and rewarding components. Ideation sessions should include all the members of your design team as well as other stakeholders who can offer different perspectives on the same problem. GE Healthcare product designer Doug Dietz was shocked to learn that 80% of children needed to be sedated in order to undergo an MRI.

Notice the many parallels between Laura’s advice for designers on agile teams and the mindsets of design thinking. The methodology emphasizes collaboration and a multidisciplinary approach throughout each phase to ensure solutions are innovative and deeply rooted in real human needs and contexts. More than a process, the Head, Heart and Hand framework outlines the different roles that designers must perform to create great results.

While his team had created an innovative new MRI machine, they didn’t address that particular issue because they hadn’t looked at it from the perspective of a child. When they finally did, and added colorful graphics to the machine and a story to the experience, only a fraction of one percent of kids had to be sedated for the tests. If users have tried a solution that has failed, it’s best to find out early in the process. Revealing this information through user interviews and other research helps prevent designers from repeating the same unsuitable solution.

How to Design A Character: Unleash Creativity in 6 Easy Steps

character design tips

If you don't have a color set for your original character art, cycle through all of them until you land on the one that works. Experiment with colors by also choosing ones you wouldn't normally consider. Make a tough guy really pink, or give a businessman blue hair. Just like the backstory, make sure you understand your character's personality, from what they like to the kind of jokes they'd make. Experiment with different poses to bring out your character's personality. A confident character might have bold and dynamic poses, while a shy character might have more reserved ones.

Tip 5: Dynamic silhouette = dynamic character

Is it going to be a loose reference for another artist, or will it need to be a precise blueprint for modelling? Consider whether you need orthographic views, or if you can take a looser, more artistic approach. And if you’re working with a client, it’ll be your job to decide how to incorporate their feedback, when you should trust your instinct as a designer, and how to communicate your design to a non-designer. Ultimately, making sure that the client is happy with your work is important, so trust and good communication is key.

Got Style? Clothes & Accessories

In my case, I like textures and often find myself feeling the softness of my jumper between my thumb and index finger to calm me. Your character can possess these kinds of unique qualities too, so have an exploration of mannerisms. I often spend a good 10 minutes doing this so that I can really get into the intricacies of a specific feeling. It’s great to take yourself away from drawing with exercises like this, so that your mind has some space to breathe. It’s undeniable that the creative industry is a stressful one. I find the pressures of freelance and working for myself a tough career path sometimes, and one tip I find extremely useful when I’m beginning the character development process is free writing.

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Visualising your creation can be a great shortcut to nailing down those distinct features that make your character unique. But let's think about it before just applying it mindlessly to our character models – does it make sense for you and your project? In a robot world, probably everything would be in perfect balance; there is no emotional tension within a robot character.

3 top character design tips from Adventure Time's lead designer - Creative Bloq

3 top character design tips from Adventure Time's lead designer.

Posted: Fri, 31 Jul 2015 07:00:00 GMT [source]

Choose colours carefully

For example, a hero might have a strong and upright posture, while a mischievous character could have a more dynamic and asymmetrical silhouette. During this phase, create rough sketches and jot down notes about the character's appearance, background, and motivations. This stage is all about exploring possibilities and allowing your creativity to flow. Melinoë is the princess of the Underworld and our beloved new protagonist. I think the internet collectively gasped when Supergiant Games first revealed her because, like everybody else on this list, she looks amazing and like she can kick serious ass.

Build up a back story

character design tips

You can’t custom design a character for every type of reader, but asking yourself these questions is a great way to start a thought process that will help inform your design. This can ultimately have a great impact on your ideal reader’s ability to interpret, resonate, and enjoy your work. Ideally, the whole world will enjoy your work, but realistically, your audience will be more narrow, so creating a hypothetical ideal audience member can help you make better design choices. Put yourself in your audience’s shoes and consider what other references they have before coming to your work and what they expect to see in the type of story you’re trying to convey.

The slightest alteration can have a great effect on how your character is perceived. "The best art is based on personal experiences. People can relate better if it's based on the truth," says Geppert. "It's not a made-up story, even though it's based in a fantastical setting." Geppert's Sea of Solitude video game is an exploration of her experiences of loneliness.

The sketch is an important step, even if you’re not a trained artist. When sketching, use your design templates and sheets to capture the basic shape of your character, proportions, the most salient physical features, and the colors. Next, you’ll fill in details, such as adding buttons to a costume or more volume to the hair. Your character design must be visually strong and exciting to get people’s attention. A robust character design leaves a lasting impression on the audience.

Our favorite starter deck for Disney Lorcana is available for its lowest price ever

character design tips

There's nothing wrong with knowing the fundamentals, fundamentals are important, but don't stop there, go back to what made you want to start in the industry in the first place. A lot of people will want to tell you what the most efficient use of your time and skills is, question them, be punk rock about it. When I was being mentored by Simon Lee aka Spiderzero, I learned a lot about theories and methods like this, the soul and inner fire of a creature and character. Often you might be given the task to create a mascot for a brand.

Characters are much more than a visual representation of a concept or a mascot that presents a product or a study. In fact, well-made characters have personality and appeal that connect audiences with your story. This is why we chose to break down the character design process and reveal some of the magic behind it. Once you've established the core elements of your character design, it's time to refine and iterate. Add intricate details, experiment with colors, and make some adjustments based on feedback.

Tangents can also throw off the dimensions of your design, making it feel flat or skewed, and checking your silhouette can be a helpful trick to spot this. Flipping the canvas forces you to reassess your character and can instantly alert your attention to anything that feels off about the design. Once the outline is done, she moves to color, shading, light, and highlights, and finally, she adds the background, all on separate layers. After importing the sketch, Maddy prefers the Pencil Tool because it feels more like pen on paper and is easier to manipulate.

This research will help you infuse authenticity and depth into your character's design and story. More importantly, your design should also consider the experience of your target audience. Try to build up your character with shapes like circles, cylinders, squares, triangles, and rhombuses. This helps you create characters with good fundamentals that makes sense.

You can always doodle your concepts and seek the assistance of an artist for the technical part. We hope you enjoyed diving into the basics of the character design process and the lovely examples by talented illustrators. On the topic, in case you’re looking for a character designer, here are your options, listed and explained in another article.

For example, 'big' has no meaning in a stylised world unless you give the audience a related counterpart to judge the dimensions. If you compare Harald to his mother, I am exploiting this to its full extent. In drawn art, asymmetry will always occur naturally, but in 3D modelling symmetry is what comes out by default. There is a rule of thumb that no living creature is 100 per cent mirrored on both sides. The style I have chosen for modelling is very much about reduction – so there is no sense in taking it back into a more realistic or detailed world, which would likely reveal the 'cheapness' of my geometry. For visual refinement I add in single polygon Edgeloops to define edges and areas that fold, like in the arms.

How to design a character: the ultimate guide to character design

character design tips

Experiment with proportions to craft characters that are not only unique but also visually captivating. When you strip down your character to just black, the rule is that your character must be recognizable from that alone. There isn't a single famous character that doesn't follow this rule. This underscores the importance of a design that transcends intricate details and remains iconic even in its most simplified form. Start with the pose and the silhouette, then work your way down from there. This helps save you time and prevent you from having to start over because your silhouette is not readable.

Key components of good character design:

As well as knowing when to exaggerate, Ørum is also keen to highlight the importance of simplicity. It's easy to subconsciously let our favourite designs influence us. Cornelia Geppert, CEO of indie games studio Jo-Mei, is a huge fan of The Last Guardian, with its unique aesthetic and great video game character designs. If you are planning to make a short, and already have an idea about the story, the next step, on paper, is to structure a working script. Before starting with your design and modelling process, make sure you write down and know the psychology of your characters, and what they will be doing.

How to design a character: the ultimate guide to character design

The best character design books in 2024 - Creative Bloq

The best character design books in 2024.

Posted: Sun, 30 Jul 2023 07:00:00 GMT [source]

A firm grasp on color theory and color psychology as well as learning from the colors in your reference images all can help you identify the ideal color palette. You can find reference material from virtually any source—Pinterest, Google images, ArtStation, Dribbble, even your own camera roll. You can also gather reference images for anything you’re unsure about—from the character concept as a whole to specific details like clothing, hairstyle, facial expression, poses and more. The important thing is that each of these images help you visualize your concept.

Showcase your vision with elegant shot lists and storyboards.

Exaggerating emotions, movements, and gestures make them easier to read and more lively. You can observe this in most animated films where facial expressions or movements are often exaggerated. Exaggerating your character can also make it more expressive and relatable. Shapes have different meanings and can impact how people perceive your character. Generally, squares convey things like robustness, strength, and seriousness.

We can often read the emotion or action the character is taking from a good silhouette. A bad design often has silhouettes that are hard to read and distinguish from a crowd. Be sure to make the gestures and features clear and easy to read. Archetypes are useful because it helps you choose the personality and characteristics of your character. Some common archetypes include the hero, magician, jester, outlaw, and warrior. It can also help to ask yourself if your character is good, evil, or neutral.

Baldur's Gate 3 Character Creation Tips - GameRant

Baldur's Gate 3 Character Creation Tips.

Posted: Wed, 31 Jan 2024 08:00:00 GMT [source]

Methods for Adding Colour to Your Design

Familiarize yourself with the software program's features to get the most out of the final design work. Carve your niche as a character designer with these tips from the industry's most successful artists. There are a ton of portfolios of established character designers you can learn from. Just by getting the mindset to always break down things into patterns and study them, you will learn more from it than from any book or tutorial out there. One of the best places to search for great portfolios is ArtStation.

Creating a pose with a readable silhouette!

character design tips

I like looking to literature in these situations, and Sally Rooney, author of best-selling novel Normal People, certainly has a sound understanding of character development. She describes her process by first creating a relationship between two people, with their specifics coming in later. In the meantime, you might also be interested in checking out our article on the 5 easy ways to make your own cartoon character, for non-illustrators. For starters, in order to know why and how something works, you got to break it down.

character design tips

You don’t have to go as in-depth as an author might, but having an idea about who the character is and what they do can help spark your imagination and draw something that jumps off the page. Practice these character design tips, and tag us on social when you bring your character to life. The next step is finalizing your character's details and entire design. Your medium will vary depending on how you plan on using your type of character. A comic book artist might finalize their character with ink and colored pencils on paper. Even if you’re not creating an animated character, you must give them facial expressions and a range of emotions that align with their personality and further emphasize their traits and physical appearance.

How to Make Your Own Characters with Fotor

Whether you want cartoon characters drawing, fantasy character design, or animation character design, you can do it all here! Character designers use a combination of artistic skills, storytelling knowledge, and cultural references to bring characters to life. The goal is to evoke emotions, convey a story, and establish a lasting connection between the audience and the characters. Your character design should be based on who your audience is.

Whether you’re creating mood boards, pinning your favorite pictures, or simply looking for some inspiration, Pinterest and other galleries like Artstation are a great place to start. If you’re working with a client who already knows the backstory of the character — like an author — you can simply ask them for the information you need to proceed. This way you can make sure that the character’s hair is actually flaming red or that they’re holding an archery bow, like they asked. But if that’s not an option, invest some time in coming up with a rough character profile yourself 一 it’ll help you create a more coherent and consistent design, and will be worth it in the long-run. A first step to center storytelling is to start thinking about backstory.

I like using complimentary colours for characters who are in love, or contrasting colours for characters who hate each other. You can really lean into colour to develop your character and reinforce the viewer’s association with colour and emotion. There is a universal scientific understanding of how colours interact with each other, so taking this into consideration, your colour palette is vital.

The other colors on your palette should support this color, not compete with it, to avoid making your palette too crowded. Another important trick to make sure your silhouette is balanced is to flip the canvas frequently while you draw. Our brains are fantastic at drawing conclusions of their own, filling in information, and correcting proportions without our knowledge. If you don’t stay vigilant, you may end up drawing a lopsided character without even noticing.

Saturday, April 27, 2024

In These Ten Areas, Home Prices Are Doubling

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We offer a variety of mortgages for buying a new home or refinancing your existing one. Our Learning Center provides easy-to-use mortgage calculators, educational articles and more. Our ultimate guide for first-time homebuyers gives an overview of the process from start to finish. And from applying for a loan to managing your mortgage, Chase MyHome has everything you need. We offer the Redfin Estimate where we have enough local and home-specific data to maintain our accuracy levels.

About the Redfin Estimate

But for homeowners in certain cities across America, that slight profit may be ballooning into a big, fat one. A number of locales are seeing unexpected housing price surges that create unique opportunities for potential sellers. (Toledo and Los Angeles don't usually go hand-in-hand.) But they do share features that may explain their desirability. Read on to find out what's noteworthy about each area, and what's driving up housing prices.

See local market trends

When the search completes, you’ll have the chance to create an account, and only then will you be able to see the estimate. Bank of America’s home valuation tool also needs only a street address. It displays basic details of the home, such as the property type, square footage and number of bedrooms, alongside its estimated value. One unique offering here is a value history, showing an estimate of how the home’s value changed over the past 20 years. You can also use the tool to compare the property to similar homes in the area. One of the most difficult aspects of the real estate market is estimating the value of a home.

How Accurate Is The Home Value Estimate In My Property Report?

In times when there are more buyers than sellers, it's considered a seller’s market. This type of market can make your home a hot commodity which can potentially drive up the value. When there are fewer buyers than available homes for sale, it’s considered a buyer’s market. A Comparative Market Analysis (CMA) is how real estate agents assess the value of a home. They usually do this by evaluating other homes that have sold in the area, combined with various online calculators and other home appraisal resources.

This, ultimately, is the amount a buyer would be willing to pay for the home. Fair market value is heavily dependent on the state of your local housing market, in addition to the factors listed above. To calculate the Redfin Estimate, we combine hundreds of data points about the market, the neighborhood, and the home itself—all to provide you with the most accurate home-valuation tools. Soaring demand has been especially beneficial to Nvidia's pricing power.

Information has been obtained from sources believed to be reliable, but JPMorgan Chase & Co. or its affiliates and/or subsidiaries do not warrant its completeness or accuracy. You should carefully consider your needs and objectives before making any decisions and consult the appropriate professional(s). For more information on available products and services, and to discuss your options, please contact a Chase Home Lending Advisor. The housing market has one of the biggest impacts on the value of your home.

The average effective property tax rate in Riverside County is 1.04%, one of the highest in the state. While that is the rate a typical homeowner in the county pays, it's not necessarily what a new homeowner will pay, as assessed values increase to the purchase price of your home when you buy it. You can also ask your real estate agent to perform a comparative market analysis. That means that, while property tax rates in Fresno County are similar to those in the rest of the state, property taxes paid in terms of dollars spent are far lower.

Timeline: UCLA’s night of violence before police moved in

While we can’t give any specific information on expansion, we hope to provide the Redfin Estimate for as many homes as possible over time. After recording roughly $27 billion in full-year sales in fiscal 2023, Nvidia more than doubled its revenue to almost $61 billion last year. If Wall Street's consensus estimates are anywhere in the ballpark, Nvidia is expected to deliver $110 billion in sales this year and close to $138 billion in fiscal 2026. However, Former Speaker of the House Nancy Pelosi (D-CA) has proven that she's no ordinary Democrat when it comes to beating the benchmark S&P 500. Whereas the S&P 500 gained more than 24% last year, the "Congressional Trading 2023" report from Unusual Whales estimates that Nancy Pelosi's portfolio increased by more than 65%.

Products

The Redfin Estimate is the most accurate online home-value estimate for on-market homes, but it doesn’t replace the first-hand knowledge that a homeowner has about their own home when it isn’t on the market. The Owner Estimate combines the best of both human insight and machine learning. In terms of population, San Bernardino County is one of the largest counties in California. In fact, it has a land area of 20,057 square miles, making it slightly larger than the entire country of Costa Rica.

How to Determine Home Value - NerdWallet

How to Determine Home Value.

Posted: Wed, 15 Nov 2023 08:00:00 GMT [source]

When discussing "AI," I'm talking about the broad definition of utilizing software and systems to oversee tasks that would normally be assigned to humans. State prosecutors filed felony charges against Falaschi in 2018 for misspending public funds. They claim he used the proceeds to pay for housing and personal vehicles for his employees, plus slot machines, concert tickets and home remodeling. As Jessica reported this week, federal officials say a local irrigation official was cashing in on that liquid gold mine by surreptitiously stealing supplies. "At this moment, upon completion of our national security work, the time has come to turn the page on this chapter of Pro-Putin Republican obstruction," the Democratic leaders wrote in their statement on Tuesday.

See how we're dedicated to helping protect you, your accounts and your loved ones from financial abuse. Also, learn about the common tricks scammers are using to help you stay one step ahead of them. If you see unauthorized charges or believe your account was compromised contact us right away to report fraud. Open a savings account or open a Certificate of Deposit (see interest rates) and start saving your money. Landscaping is another aesthetic improvement that goes a long way towards selling your home. The curb appeal of the house is the first thing a buyer will see and is often something that may sway a buyer as well as increase the desirability of your home, along with its value.

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In 2011 Congress stripped Endangered Species Act protection from gray wolves in the northern Rocky Mountains and the Trump administration removed protections across the rest of the continental U.S. in 2020. However, a federal judge blocked the change except in the northern Rocky Mountains. The agency estimated the wolf population in the region at almost 3,000 animals at the end of 2022. The Republican-authored bill comes amid national debate on the wolves' future. Hunters and farmers across the country maintain the species is stable and have been complaining for years about wolf attacks on game species and livestock. The U.S. House voted Tuesday to end federal protection for gray wolves, approving a bill that would remove them from the endangered species list across the lower 48 states.

A 1921 buffalo nickel in mint, or lightly circulated condition, could be worth $1,500 if it has the letter "S" for San Francisco on the reverse side, coin collector David Sorrick told USA TODAY in November. Collectors may be willing to pay up to $150,000 if you have two $1 dollar bills with the same error, according to Wealthynickel.com. Before using $1 bills to buy a lottery ticket, you might want to check your luck with the bucks themselves. Homeowners in California can claim a $7,000 exemption on their primary residence. This reduces the assessed value by $7,000, saving you at least $70 per year.

Matching $1 bills with the same printing mistake worth up to $150,000

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If you're considering buying a home in California with a mortgage, you’ll want to take a look at our guide on mortgage rates and getting a mortgage in the Golden State. Low inventory and unrelenting demand are continuing to fuel price growth in the American real estate market. Bank deposit accounts, such as checking and savings, may be subject to approval. Deposit products and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC.

California Property Tax Calculator

RE/MAX, one of the biggest real estate brokerages in the country, starts its estimation process by asking for the address of the property. Then it requests confirmation of a few details, including the number of bedrooms and bathrooms and the square footage of the home. One drawback of this tool is that you cannot include half-baths in the calculation — it only allows for whole numbers. Once you provide the details, the tool displays two automated estimates from two different companies.

Best NYC Apartments: The Top Listings Available Now - Curbed

Best NYC Apartments: The Top Listings Available Now.

Posted: Fri, 26 Apr 2024 12:00:00 GMT [source]

Chase Home Lending

This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. A financial advisor can help you understand how homeownership fits into your overall financial goals. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

House Democratic leaders say they’ll oppose motion to oust Johnson

For reference, the median home value in Riverside County is $368,100 and the median annual property tax payment is $3,827. Rachel Witkowski is an award-winning journalist whose 20-year career spans a wide range of topics in finance, government regulation and congressional reporting. Ms. Witkowski has spent the last decade in Washington, D.C., reporting for publications including The Wall Street Journal, American Banker and Bankrate. Just like there are numerous external factors driving home values up, the same goes for when your home’s value declines. It could be because there are too many similar homes for sale with far less demand, creating a buyer’s market. Poor economic conditions, rising crime rates or nearby foreclosures also could drive down your home’s value.

HOME VALUE ESTIMATES

To obtain a CMA, you can contact a local real estate agent and they’ll usually provide it to you for little to no cost. There are no guarantees that you’ll sell for the amount you see, but the results can give you a solid ballpark idea of your home’s approximate value. This will prevent automated valuations from showing on all third-party real estate sites. As a real estate brokerage, Redfin has complete access to Multiple Listing Services (MLSs), the databases that real estate agents use to list properties. To calculate the Redfin Estimate the algorithm considers hundreds of data points about the market, the neighborhood, and the home itself, like whether it has a water view or is located on a busy street.

Know your home’s worth in today’s market

house worth

Decisions are better taken in consultation with a real estate professional, while factoring in your unique situation like your budget and local housing market conditions. Realtor.com also doesn’t require any information beyond the home address for its RealEstimate. However, to look at more than the most basic details of the home, you’ll need to set up an account on the site.

Checking a home valuation tool periodically can be helpful even if you’re not thinking of selling. There are three main types of home valuation, and all might assign slightly different dollar amounts to the same house. For example, the same home may have an assessed value of $300K, an appraised value of $395K and a fair market value of $400K. Any number of factors might affect the value of your home, including the neighborhood you’re located in, the size of your lot and the age and condition of the structure itself.

Energy efficiency, in any capacity, is a desirable feature for buyers in the market. This could mean updating your heating/cooling system, installing solar roof panels or replacing or even sealing your windows. The age and condition of your home are additional factors that affect the value of your home. For example, an older home that isn’t updated will be valued less than a newly updated home, even if the newly updated home is smaller.

home value estimator websites compared

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. It is always important to remember that these are not universal suggestions and do not guarantee specific outcomes.

If the economy isn’t doing well, however, then your house may not be valued as high as it should be, even with recent upgrades. Rates, program terms and conditions are subject to change without notice. Using an updated version will help protect your accounts and provide a better experience. Check current market values for your home and view profiles of potential buyers. The Redfin Estimate History graph provides a look back at how a home's value changes over time. The Redfin Estimate value each month represents the Redfin Estimate average of all the days in that month.

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The Redfin Estimate is updated daily for homes that are for sale, and weekly for those that are off the market. Use Redfin's home value estimator to get a free, instant home-value estimate, see nearby sales and market trends, and update your home facts and photos. Thanks to the STOCK Act, which was passed in 2012, lawmakers on Capitol Hill are required to report their trades of $1,000 or more no later than 45 days after they're completed. These periodic trading reports show that Democrats, on average, outperformed their Republican colleagues in the return column last year (31.18% vs. 17.99%). It's very easy to be inspired by AI from an investment standpoint when analysts are casually tossing out the "t" word (trillions) to describe its potential. According to a 2023 report from PwC, artificial intelligence can provide a $15.7 trillion lift to the global economy by the turn of the decade.

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Tuesday, April 2, 2024

Is Norwegian Cruise Line Stock Still A Buy After Rallying 20% Over The Last Month?

norwegian cruise stoc

The bottom line exceeded analyst targets, building on its return to profitability in the second quarter after more than three years of quarterly losses. While Norwegian is likely to start cruises from the U.S. around early August, it says that it now plans to operate 23 of its 28 ships through early 2022. Moreover, the company said that it would begin cruising to Alaska from early August following the passage of the U.S.

Is Norwegian Cruise Line Stock Still A Buy After Rallying 20% Over The Last Month?

norwegian cruise stoc

Longer-term profitability also remains a concern, given potentially higher interest expenses. The company’s total debt rose to about $11.8 billion at the end of 2020, up from around $6.8 billion at the end of 2019. That said, the stock still remains down by about 50% from its pre-Covid highs, making the risk to reward proposition relatively attractive for investors.

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That said, the longer-term outlook for the company remains mixed, in our view. Booking trends have also been mixed, with reservations for the second half of 2021 apparently remaining below historical levels, although early trends for 2022 look strong, per the company. Norwegian has spent the better part of the last year raising funds via debt and equity issuances, with its debt load standing at about $11.8 billion at the end of Q4, up from about $6.8 billion a year ago. The higher interest costs are likely to weigh on the company’s profitability going forward. Coronavirus-induced changes in consumer behavior with regard to travel had altered the economic performance of Norwegian Cruise Line Holdings, affecting its ability to generate excess economic rents. However, as consumers returned to cruising after the 15-month sailing halt that ended in July 2021, they regained their appetite for travel, bolstered by the value proposition the holiday provides.

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For the year, the company is expecting earnings before interest, taxes, depreciation, and amortization (EBITDA) of $2.2 billion, a strong 18% increase from 2023. The future is bright for the cruise line industry in general and Norwegian Cruise Line in particular. The skies are a little cloudy right now, but things are brighter on the horizon. Big gains might come from the smallest of the country's three leading cruise line operators. See our analysis on Norwegian Cruise Line Stock Chances Of Rise for an overview of how NCLH stock has fared recently and how it compared to its peers. Overall, according to the analyst, the positives surely outweigh the negatives.

As Norwegian is smaller than its North American cruise peers, it has the ability to deploy its assets nimbly as cruising demand rises, allowing for strategic pricing tactics. All of the cruise-ship companies incurred significant debt during the worst of the COVID-19 pandemic, including Norwegian. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

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Stifel analyst Steven Wieczynski reiterated a Buy rating on the shares with a price target of $25. NCLH, -1.48% jumped 6.6% in premarket trading Tuesday, after the cruise operator reported a wider-than-expected fourth-quarter loss, but expects a surpris... Cruise stocks rallied in intraday trading Tuesday after a strong earnings report and forecast from Norwegian Cruise Line Holdings (NCLH). Norwegian Cruise Line (NCLH) posted its fourth-quarter results revealing a quarterly loss of $0.18 per share.

Norwegian Cruise Line Holdings Ltd. (NCLH) Is a Trending Stock: Facts to Know Before Betting on It - Yahoo Finance

Norwegian Cruise Line Holdings Ltd. (NCLH) Is a Trending Stock: Facts to Know Before Betting on It.

Posted: Thu, 07 Mar 2024 08:00:00 GMT [source]

norwegian cruise stoc

Norwegian Cruise Line (NCLH) rises on 4Q revenue and 1Q upbeat guidance. NCLH's incredibly strong results highlight the strength in its brand and the cruise industry, notes Ivan Feinseth. Between our three brands, we have a fleet of 32 ships that cruise to approximately 700 destinations globally. Over the next decade this will not only give NCLH the biggest growth story within the cruise industry but will also allow them to continue entering new markets with minimal cannibalization to their fleet, the analyst noted.

Why Norwegian Cruise Line Stock Jumped 31% in December - The Motley Fool

Why Norwegian Cruise Line Stock Jumped 31% in December.

Posted: Tue, 09 Jan 2024 08:00:00 GMT [source]

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... Carnival Corp. and Royal Caribbean Cruises are down just 24% and 7% respectively from their summer peaks. Norwegian has come through with a 22% stock increase in 2023, but Royal Caribbean shareholders have seen their shares more than double this year.

Dive into Norwegian Cruise Line Holdings

Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer. Cruise line stocks stormed back into investor fancy earlier this year, but they have corrected sharply since their summertime highs. Norwegian Cruise Line (NCLH 1.37%) stock is now down 36% since hitting a high-water mark in late July.

Carnival, Royal Caribbean, and Norwegian had to do a lot of scary things to stay literally and figuratively afloat after the COVID-19 crisis decimated the business. The share count and debt load at Norwegian has roughly doubled since the end of fiscal 2019, but the bloat isn't permanent. What's the point of focusing on 2024's challenging results in a multiyear investment strategy? Analysts see explosive earnings growth at Norwegian as cruise vacations get back to penetrating the mainstream travel market.

The Goldman Sachs Group assumed coverage on shares of Norwegian Cruise Line in a research note on Wednesday, March 13th. They issued a "neutral" rating and a $19.00 price target for the company. Wells Fargo & Company reissued an "equal weight" rating and issued a $18.00 price target on shares of Norwegian Cruise Line in a research note on Friday, January 5th. Susquehanna increased their price target on shares of Norwegian Cruise Line from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Citigroup dropped their price target on shares of Norwegian Cruise Line from $23.00 to $19.00 and set a "neutral" rating for the company in a research note on Monday, February 12th. Finally, Stifel Nicolaus restated a "buy" rating and issued a $25.00 price objective on shares of Norwegian Cruise Line in a report on Tuesday, April 9th.

The company has obtained export credit financing with favorable terms to fund 80% of the contract price of each of the two Oceania Cruises and Regent Seven Seas Cruises ships. “This strategic new-ship order across all three of our award-winning brands provides for the steady introduction of cutting-edge vessels into our fleet and solidifies our long-term growth,” said President and CEO Harry Sommer. If you buy and hold Norwegian Cruise Line stock, the expectation is over time the near-term fluctuations will cancel out, and the long-term positive trend will favor you - at least if the company is otherwise strong. Try the Trefis machine learning engine above to see for yourself how Norwegian Cruise Line stock is likely to behave after any specific gain or loss over a period. Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value.

The good news is that revenue clocked in at a record $2.536 billion, in line with expectations and a 57% surge over the prior year's admittedly depressed results. More importantly, its top-line showing was 33% ahead of where it was during the same seasonally potent summertime quarter in 2019. In other words, it's now ahead of where it was before the pandemic shut the industry down for a painfully prolonged period.

Now while cruising from the U.S. ports is set to resume this July, we still think that 2021 is likely to be a relatively slow year for Norwegian. Norwegian will likely miss out out on much of the lucrative summer cruising season and it’s also possible that older customers - who are a key demographic - will take a wait and watch approach to cruising post the pandemic. That said, 2022 is looking much stronger, with consensus estimates pointing to revenues of $6 billion, just slightly below the $6.5 billion in revenue the company posted in 2019. Ticket prices have also apparently been strong, trending above 2019 levels. Although Norwegian’s higher levels of leverage (debt has doubled to $12 billion from pre-pandemic levels) are a concern, the stock could still be worth a look considering that it remains down by about 45% from its 2019 levels. Norwegian Cruise Line posted mixed financial results earlier this month.

And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Weakness in consumer spending spurred by an economic downturn could affect discretionary spending, leading pricing to soften and lower onboard spending. Revenue was ahead of guidance, whereas its net loss was a little more than expected.

Monday, April 1, 2024

Why Norwegian Cruise Line Stock Jumped on Tuesday The Motley Fool

norwegian cruise stoc

Harry Sommer, CEO of Norwegian Cruise Line, joins CNBC's 'The Exchange' to discuss Norwegian's new ship order, travel trends, and more. We’d like to share more about how we work and what drives our day-to-day business. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. In 2023, the company had net cash from operating activities of $2 billion and repaid $1.9 billion in debt. Specifically, Norwegian is calling for Q1 adjusted net income of $50 million, while Wall Street had expected an adjusted net loss.

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Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks. Set sail on an epic 59-day Grand Voyage from Barcelona to Singapore Download images of Riviera here MIAMI , Jan. 4, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination... But the business is otherwise performing quite well, which should be encouraging news for shareholders. Those are the big-picture trends that are meaningful to Norwegian's business.

Oceania Cruises Offers Free Pre-Cruise Hotel Stay on a Range of Sailings in 2024 and 2025

Alaska Tourism Restoration Act, which temporarily enables cruise ships to sail to Alaska, bypassing a legal requirement to make a stop at ports in Canada, which has banned cruses until 2022. Cruise companies had previously canceled their trips to Alaska, which is a popular summer cruising destination. Separately, the CDC also recently issued new guidelines easing mask-wearing requirements and social-distancing guidelines for fully vaccinated passengers on cruises. This could give potential cruise customers confidence that cruising is a relatively safe activity post-vaccination. Norwegian Cruise Line Holdings Ltd. operates a fleet of passenger cruise ships.

Latest Financial Results

The new ship orders across all three brands are scheduled for delivery over a ten-year period, between 2026 and 2036. See our analysis on Norwegian Cruise Line Stock Chances Of Rise for more details on the stock’s recent performance and where it could be headed. A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a potential cholera outbreak on board. From new ships to its private Caribbean island, get the latest details in this 1-minute breakdown of Norwegian Cruise Line (NCLH).

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norwegian cruise stoc

However the stock is trading higher thanks to upbeat first-quarter guidance and a full-yea... This year's ‘wave season' will break revenue records for cruise lines, but investors are wary of the massive debts the industry took on during the pandemic. On its current trajectory, it will be able to meet its financial needs although it won't be without some dilution to shareholders. While Norwegian Cruise Line currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

A Global Leader in the Cruise Industry

Explore the updated Options feature, providing in-depth data, and a 3D viewing option. Enjoy up to 50% Off on Select Sailings in 2024 and 2025 MIAMI , Jan. 9, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, is ringing in the new ... MIAMI , Feb. 15, 2024 /PRNewswire/ -- Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced that the premiere issue of their brand new Your World magazine ... MIAMI , March 20, 2024 /PRNewswire/ --  Oceania Cruises , the world's leading culinary- and destination-focused cruise line, has announced the appointment of its two Master Chefs of France, Chef Alexi... Sailings explore destinations from Tokyo to Cape Town to Bali to Rio de Janeiro MIAMI , March 26, 2024 /PRNewswire/ -- Oceania Cruises, the world's leading culinary- and destination-focused cruise lin...

Norwegian Cruise Line CEO on why they are 'the biggest growth story' in the cruise sector

Norwegian Cruise’s stock falls after downbeat outlook offsets record revenue - MarketWatch

Norwegian Cruise’s stock falls after downbeat outlook offsets record revenue.

Posted: Wed, 01 Nov 2023 07:00:00 GMT [source]

However, shareholder returns remain a concern in the longer-term for Norwegian stock. The company spent the better part of the last year raising funds, with its debt load roughly doubling to $12 billion between December 2020 and the end of March 2020. This should lead to higher interest costs, constraining the company’s long-term profitability. Moreover, shareholders have also been significantly diluted by the company’s equity issuances, with shares outstanding rising to 370 million as of April 2021, up from 213 million in early 2020.

NCLH now has 13 ships on order over the next 12 years for a combined 41,000 berths, representing about 65% capacity growth, noted the analyst. The company also launched the construction of a multi-ship pier at Great Stirrup Cay, the company’s private island destination in the Bahamas and its Caribbean port of call. NCLH sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Leisure and Recreation Services industry's P/E of 16X, shares of Norwegian Cruise Line are trading at a forward P/E of 14.4X. NCLH also has a PEG Ratio of 0.3, a Price/Cash Flow ratio of 7.3X, and a Price/Sales ratio of 0.9X. Gain deeper insights into company revenues with a detailed analysis of revenue sources.

Shares of NCLH stock traded up $0.12 during mid-day trading on Friday, hitting $18.29. The stock had a trading volume of 10,613,099 shares, compared to its average volume of 10,730,688. Norwegian Cruise Line Holdings Ltd. has a fifty-two week low of $12.41 and a fifty-two week high of $22.75. The firm has a market cap of $7.79 billion, a PE ratio of 65.32, a PEG ratio of 0.38 and a beta of 2.60. The company has a debt-to-equity ratio of 40.94, a current ratio of 0.22 and a quick ratio of 0.19. The company's 50-day simple moving average is $18.74 and its 200-day simple moving average is $17.32.

According to 15 analysts, the average rating for NCLH stock is "Hold." The 12-month stock price forecast is $20.07, which is an increase of 8.25% from the latest price. Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands.

And because the trends are good, the company is guiding for better-than-expected financial results in the upcoming first quarter of 2024. These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future. There are some legit reasons for Norwegian being a laggard among its fellow seafarers, but there's also a case to be made for it leading the way from here. The country's third-largest cruise ship operator can pop tenfold in the coming years if it catches the right waves along the way. With a historically smaller fleet, the company has been building new ships more aggressively versus peers in order to enter/serve certain markets.

Norwegian Cruise Line Holdings Ltd. (NCLH) is Attracting Investor Attention: Here is What You Should Know - Yahoo Finance

Norwegian Cruise Line Holdings Ltd. (NCLH) is Attracting Investor Attention: Here is What You Should Know.

Posted: Thu, 21 Mar 2024 07:00:00 GMT [source]

Carnival, Royal Caribbean, and Norwegian also made the most of the operating lull to refresh their operations and their offerings. The end result is shaping up to be a more resilient industry than it was in its pre-pandemic prime. What analysts see Norwegian earning the next few years is pretty impressive.

With ships fully deployed at historical occupancy levels, pricing surpassed prepandemic levels in 2023, and pricing momentum has persisted into 2024. While Norwegian could intermittently see pricing competition in periods of macroeconomic distress, we believe its freestyle offering and attractive itineraries will keep passengers engaged with the brand. On the cost side, while higher oil prices and unfavorable foreign exchange could elevate costs at times, we expect management will focus on extracting further efficiencies as the business continues to scale. Over time, we expect both pricing and costs to normalize at low-single-digit rates. We believe that there is a decent 65% chance of a rise in Norwegian Cruise stock over the next month based on our machine learning analysis of trends in the stock price over the last nine years.

The expected return after a rise is understandably lower than after a drop as detailed in the previous question. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks. IF NCLH stock moved by -5% over 5 trading days, THEN over the next 21 trading days, NCLH stock moves an average of 4.5%, with a 62.8% probability of a positive return over this period. But this stock is soaring today because of the positive prevailing trends in the business. The cruise line can carry more cruisers now than ever (higher capacity), has full occupancy, average ticket prices are up, and onboard spending is up, as well. A company's earnings performance is important for value investors as well.

What Is Ideation? 2024 Guide To The Design Thinking Phase

Table Of Content What Tasks Will You Perform as a Product Designer? What is design thinking, and how do we apply it? Design Thinking: A Real...