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Hot Property: Wrestling with the luxury market

Consumer / Home and Consumer News /

LOS ANGELES--Actor David Arquette appears set on shaking up his real estate portfolio, listing both his Encino home and a Lake Arrowhead retreat for sale.

The Encino property, purchased two years ago from actress Kate Walsh, is priced at $4.975 million and includes more than an acre of grounds, a tennis court and a guesthouse.

Built in 1950 ...Read more

As corporate HQs move jobs downtown, Chicago suburbs wonder what will take their place

Consumer / Home and Consumer News /

CHICAGO -- Even after years of high-profile office moves from the suburbs to downtown Chicago, the current predicament of Lake County, Ill., stands out.

The far north suburban county is bracing for the loss of about 2,700 office jobs by early next year, from prominent companies Walgreens Boots Alliance, Takeda Pharmaceutical Co. and Mondelez ...Read more

After lull, Bay Area rents charge back up

Consumer / Home and Consumer News /

A dearth of new apartments and a swell of new jobs have pushed Bay Area rents higher in recent months, keeping the region's title as the most expensive place in the country for renters.

Median rents rose 4.2% in San Jose, year-over-year, in the second quarter of 2019. In the Oakland and San Francisco metro area, monthly apartment payments grew ...Read more

Real estate Q&A: Can new landlord refuse repairs until I pay another security deposit?

Consumer / Home and Consumer News /

Q: Our landlord sold the home we have rented for many years. The new landlord wants us to make a new security deposit. We told him that we still have the one from when we moved in. He feels that is the prior owner's problem and is withholding repairs to the home until we make another deposit. Can he do this? -- Tina

A: No. When your landlord ...Read more

Study reveals surprising results about Detroit gentrification

Consumer / Home and Consumer News /

DETROIT -- A new study challenges the notion that Detroit is rapidly gentrifying and even that gentrification is as harmful as many believe.

Indeed, the analysis by economists at the Federal Reserve Bank of Philadelphia is one of several lately that see more positives than negatives in the changing nature of many urban neighborhoods.

The ...Read more

A Manson murder house is for sale. That's a challenge, especially this year

Consumer / Home and Consumer News /

LOS ANGELES -- Rare is the real estate listing that really means it when characterizing a home as "truly, one of a kind."

But there is no other place like 3311 Waverly Drive in the Los Feliz section of Los Angeles.

Robert Giambalvo, the Redfin listing agent, described the property over the phone in perfectly formulated servings of real-estate ...Read more

It opens the door but can slice your hand. That's why Home Depot recalled 70,000 of them

Consumer / Home and Consumer News /

Few people would consider a door handle a hazardous part of a building. Those folks haven't encountered the Everbilt Stainless Steel Door Pull, of which Home Depot recalled 70,200 recently.

The problem, as stated in the U.S. Consumer Product Safety Commission recall notice: "The door pulls can have sharp edges on the back, posing a laceration ...Read more

Susan Tompor: Struggling to pay student loans? You could be targeted by scammers

Consumer / Home and Consumer News /

Get a robocall lately from Jonathon or someone else saying that your student loans have been flagged for a student loan forgiveness program?

"If you owe more than $10,000 and are not currently enrolled in school, you could qualify for a reduced monthly payment and a large portion of your balance to be forgiven," one caller said.

"To redeem ...Read more

Doreen's Deals: Stream movies, TV shows for free with these alternatives to Netflix and Amazon

Consumer / Home and Consumer News /

After cutting the cable cord a few years ago, I opted to go with Netflix and Amazon Prime accounts to stream movies and TV shows.

But the monthly and yearly membership fees keep creeping upward. I pay $119 a year for Amazon, which offers many benefits including Prime Video. I also fork over $155 a year for Netflix. The company recently ...Read more

Bay Area renters' giant game of musical chairs plays out online

Consumer / Home and Consumer News /

SAN JOSE, Calif. -- Driven by steadily increasing rents, apartment dwellers are far more likely to seek housing on the other side of the bay, creating a huge game of musical chairs, according a recent survey.

The study this month by Apartment List describes a curious ping-pong-like phenomenon where renters, often forced to move by rising rents,...Read more

California is requiring firms to offer retirement plans for workers. N.J. and Pa. are still pondering it.

Consumer / Home and Consumer News /

Are you a worker worried you won't have enough money to retire?

Are you an employer who doesn't offer either a pension or a 401(k) to your workers?

If so, CalSavers is aimed at you.

On July 1, California launched an ambitious state-sponsored retirement program for the private sector. All employers with five or more workers will be required to...Read more

Susan Tompor: Consumers lose thousands to fake credit repair scheme

Consumer / Home and Consumer News /

No doubt, it's tempting to sign up for a "quick fix" to clean up your credit. Who wouldn't want to instantly find a way to add 100 or more points to a credit score to qualify for a rewards-packed credit card? Or maybe, finally, qualify for a great deal on a car loan?

But the Federal Trade Commission and others are warning that any company that ...Read more

Hot Property: Playing musical chairs in Encino

Consumer / Home and Consumer News /

LOS ANGELES -- Half a decade is plenty for Pete Wentz, who has put his Encino home of five years on the market for $2.395 million.

The house has been a hot spot for musicians over the years; Wentz bought it from R&B singer-songwriter Eric Benet for $1.965 million in 2014, records show. That was around the same time Wentz sold his old place in ...Read more

Rents on controlled apartments in Los Angeles can now rise 4%. Blame inflation

Consumer / Home and Consumer News /

As of this week, landlords of Los Angeles rent-controlled buildings can raise rent by 4%, the first time in a decade the annual cap isn't 3%.

The larger increase reflects higher inflation levels and comes as rising rents have been blamed for crimping household budgets and driving people into homelessness. Across Los Angeles and Orange counties,...Read more

San Diego home for sale includes 'Harry Potter room' under stairs

Consumer / Home and Consumer News /

SAN DIEGO -- Harry Potter's legendary cupboard under the stairs could be the next hot feature in California real estate.

A home seller in San Diego's Logan Heights has listed her nearly 100-year old, 1,322-square-foot home with a unique feature: A Harry Potter-style storage room underneath the stairs. The asking price for the property is $425,...Read more

Nearly half of renters wish they owned, study says (They also want to pay less rent)

Consumer / Home and Consumer News /

Homeownership may be famed for its headaches, from bidding wars to get in the door to the constant drumbeat of repairs around the house, but renters don't have it easy either. In fact, renters are the ones with more regrets, according to a recent Zillow Housing Aspirations Report.

One of their biggest regrets is being a renter in the first ...Read more

LA's new Airbnb rules bar short-term rentals of second homes and some apartments

Consumer / Home and Consumer News /

L.A.'s new Airbnb rules bar short-term rentals of second homes and some apartments

New restrictions on Airbnb and similar services in Los Angeles went into effect this week, driven by complaints that an explosion of short-term rentals has turned apartment buildings into hotels and pinched the city's already tight housing supply.

In a 2017 ...Read more

Real estate Q&A: Do I have to pay landlord for leaving rental before lease was up?

Consumer / Home and Consumer News /

Q: I rented a condo and moved out early because I bought a condo of my own. The lease stated that if I moved out early, I would be responsible for three months rent. The owner is now demanding that I pay him the three months. I know he rented the place out two weeks after I left. Do I need to pay him? -- John

A: You owe him some money, but not ...Read more

It would be cheaper to buy coastal homes than to keep fighting nature, new report says

Consumer / Home and Consumer News /

RALEIGH, N.C. -- Coastal towns may be better off buying out beachfront property owners than spending years trying to protect those homes from floods, erosion and shifting sands, a study of North Topsail Beach, N.C., concludes.

The Western Carolina University Program for the Study of Developed Shorelines, in a study released Sunday, found that ...Read more

Big home, big deal: The Manor in Holmby Hills sets an LA County price record at $119.75 million

Consumer / Home and Consumer News /

LOS ANGELES -- Los Angeles' ailing luxury real estate market just received a shot in the arm: The Manor, a 56,500-square-foot chateau in Holmby Hills, has sold for $119.75 million -- the highest home price in Los Angeles County history.

The astronomical sale closed Tuesday, according to the Multiple Listing Service. It represents another notch ...Read more