Consumer

/

Home & Leisure

Justin Sullivan/Getty Images North America/TNS

Is this the worst time to buy a house in California? Why timing really is everything

Consumer / Home and Consumer News /

Home seekers around Southern California were feeling profound sticker shock.

Median prices had hit records never seen before.

First-time buyers were desperately slapping down-payments on modest ranch homes in far-flung desert communities, enduring long commutes just to escape the rental market.

“We were lucky,” said one new homeowner who ...Read more

Sam Morris/Las Vegas Review-Journal/TNS

Developers buy 900-plus acres for Las Vegas' biggest new community in years

Consumer / Home and Consumer News /

The developers of Las Vegas’ biggest new community in years have closed their purchase of the site, giving them 900-plus acres with plans for thousands of homes.

Olympia Companies and Bruin Capital Partners teamed up to acquire roughly 940 acres in the upper northwest Las Vegas Valley for $94 million, Olympia executive vice president Chris ...Read more

Ken Lambert/The Seattle Times/TNS

WA tenants dread rental fees. Could an end be in sight?

Consumer / Home and Consumer News /

When Aleks Posielski received a lease renewal offer from his landlord in May, he was taken aback by an unexpected charge.

Posielski would have to pay an $85 “lease renewal fee,” if he committed within 10 days, even though his lease wasn’t up for six months.

Otherwise, the lease renewal fee would start to increase every 10 additional days...Read more

Lisa Maree Williams/Getty Images North America/TNS

One of the world's longest housing booms is cracking in Sydney

Consumer / Home and Consumer News /

For the past three decades, buying a home in Sydney has been the surest bet in Australia. Rising prices have enriched families and made property the engine of household wealth. Now the boom is under threat, and the consequences are rippling across the financial system.

Home values are sliding as borrowing costs rise and buyers react to the ...Read more

Dreamstime/Dreamstime/TNS

WA real estate service settles with Compass in transparency fight

Consumer / Home and Consumer News /

A fierce fight over transparency in the local real estate industry appears to have reached a truce.

The primary repository for home listings across Western Washington, the Northwest Multiple Listing Service, has settled with the brokerage Compass and loosened its stance on semiprivate home listings.

Compass touted the settlement Monday, saying...Read more

Justin Sullivan/Getty Images North America/TNS

Study: How much income is considered middle-class in the Bay Area?

Consumer / Home and Consumer News /

A new study looks at how much annual household income it takes to be considered middle-class in the most expensive cities in the U.S. Not surprisingly, Bay Area cities took up eight spots in the list of the 10 most expensive cities with a population over 100,000, compiled by MoneyLion, a mobile banking company.

The most affluent city on the ...Read more

Homeowners in Black neighborhoods are paying more for insurance. Pittsburgh offers a troubling example

Consumer / Home and Consumer News /

Lyft driver Elwin Green knew exactly what he was paying to insure his home in Pittsburgh's Homewood neighborhood.

What he didn’t know was that his homeowners insurance bill was more than twice what the average homeowner in some of Allegheny County’s wealthiest communities are paying.

Green, 74, pays Allstate $3,875 a year to insure his 2,...Read more

Robbie Sequeira/Stateline/TNS

Cities turn to AI to speed housing permitting

Consumer / Home and Consumer News /

New housing projects can sometimes stall out as a developer applies to city or county planning boards and goes through cycles of inspections, reviews and approvals.

Now, cities are increasingly turning to artificial intelligence to address one of the most persistent sources of housing permitting delays: incomplete applications. And two new ...Read more

Bizuayehu Tesfaye @bizutesfaye/Las Vegas Review-Journal/TNS

Starter home prices have more than doubled in Las Vegas in 10 years, report says

Consumer / Home and Consumer News /

Starter home prices in the Las Vegas Valley have more than doubled in the past decade, according to a new report from Zillow.

The latest numbers from the online real estate marketplace paint a bleak picture for potential first-time homebuyers, as the price of a starter home in the valley sits at $312,141 in July, down 3.2 percent from the same ...Read more

Real estate Q&A: Under 'as-is' contract, is buyer responsible for water damage seller hid?

Consumer / Home and Consumer News /

Q: We bought our first house two months ago and signed an “as-is” contract. After the first heavy rain, water poured in around a bedroom window. When we pulled up the new laminate, we found the subfloor was already rotted and had been painted over. The sellers must have known. Do we have any recourse, or did we give that up when we agreed to...Read more

Jason Armond/Los Angeles Times/TNS

California bill targets abandoned funds. When can state seize your forgotten stocks?

Consumer / Home and Consumer News /

SACRAMENTO, California — Proposed legislation to streamline California's ability to seize abandoned stocks and mutual funds is drawing opposition from business groups and dividing Democratic lawmakers.

State Controller Malia Cohen sponsored Assembly Bill 1447, which seeks to define the process for California to take custody of securities when...Read more

Dreamstime/Dreamstime/TNS

Want a lower credit card interest rate? Just ask

Consumer / Home and Consumer News /

If you have a credit card, you have a relationship with your card issuer. Your card issuer values that relationship and wants to keep it. There are many types of offers your issuer can make to ensure you stay (and don’t default on your debt), but it won’t advertise them — since they don’t exactly make the banks more money. It’s like a ...Read more

Dimitrios Kambouris/Getty Images North America/TNS

Mark Zuckerberg buys an Irish castle

Consumer / Home and Consumer News /

Meta Chief Executive Mark Zuckerberg's latest home purchase appears fit for a billionaire who runs the world's largest social media empire.

Zuckerberg, who is married to Dr. Priscilla Chan and has three children, bought the Strancally Castle in Waterford, Ireland, a spokesman for the tech executive confirmed Friday.

"Mark and his family look ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

US housing affordability gauge worsens for first time since 2023

Consumer / Home and Consumer News /

A key measure of U.S. housing affordability worsened for the first time in almost three years, as higher borrowing costs soaked up a bigger chunk of earnings for new homebuyers.

Monthly payments on a median-priced $410,700 home accounted for 34% of a typical family’s income in the second quarter of this year, according to data published ...Read more

Real estate Q&A: Should I consider getting a reverse mortgage?

Consumer / Home and Consumer News /

Q: I am 71 and retired. My house is paid off, but money is tight every month, and I keep seeing ads for reverse mortgages. My son says they are a scam, and that the bank will end up owning my home. Is that true, or is this something I should actually consider? — Patricia

A: A reverse mortgage is not a scam, nor is it a miracle. Like any loan,...Read more

Daniel Kim/The Seattle Times/TNS

Seattle area doesn't have 'enough family-sized units to go around'

Consumer / Home and Consumer News /

A Seattle renter’s search is always a struggle — some alchemy of budget constraints, need for space and tolerance for the grueling process of scouring listings. For families with children, that search can be even harder.

Fewer than half of available rentals in the Seattle area have two or more bedrooms, the smallest share among major metro ...Read more

Gina Ferazzi/Los Angeles Times/TNS

How to save $2,000 a month in Los Angeles: Rent

Consumer / Home and Consumer News /

Some Los Angeles-area renters may feel a secret shame of not owning their homes, but maybe they should be bragging. Right now, renting is a much better deal.

People in the Los Angeles-Long Beach-Anaheim metropolitan area looking to get into a smaller home on average would save more than $2,000 a month by renting rather than buying, according to...Read more

Michael Quine/Las Vegas Review-Journal/TNS

Rents dropping across Las Vegas Valley, report says

Consumer / Home and Consumer News /

Rents are dropping across the Las Vegas Valley, according to a new report from Zumper.

One-bedroom apartment rents dropped 18.8% in July year over year, the biggest drop in the valley, in Winchester, which includes the north end of the Strip and to the east, according to the apartment rental platform.

The second biggest decline was in North ...Read more

Dreamstime/Dreamstime/TNS

CD ladder: What it is and how to build one

Consumer / Home and Consumer News /

A CD ladder spreads your savings across multiple certificates of deposit (CDs) with staggered maturity dates, so you capture the higher rates of longer-term CDs while still getting access to part of your money every six to 12 months. It’s a solution to the classic CD dilemma of choosing between better rates and flexibility.

That said, top ...Read more

Alexandra Wimley/Pittsburgh Post-Gazette/TNS

College is still worth it, parents say. They just want more options

Consumer / Home and Consumer News /

For parents looking at the rising cost of college, there’s a reality that keeps some of them up at night: 71% expect to take on debt to help their children pay for higher education.

Nearly half — 46% — expect to use education loans. Another 21% of parents say they may turn to credit cards or cash advances. Eleven percent of parents ...Read more