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This project is trying to reverse gentrification by bringing people back to Seattle's Central District

Consumer / Home and Consumer News /

SEATTLE -- When Andrese Collins bumps into people he grew up with in the Central District, the conversation always starts the same way: "Where you'd go?"

Most of his childhood acquaintances have moved away as Seattle's historic Black neighborhood has changed and become more expensive -- to places like Kent, Everett and Federal Way. Collins and ...Read more

Worries about COVID-19 spreading through the vents send building owners in search of cleaner air. 'You can't put a force field around your property.'

Consumer / Home and Consumer News /

CHICAGO -- There's an invisible obstacle to reviving the economy from the coronavirus pandemic.

Potential transmission of the virus through air conditioning and heating systems is the latest issue employers and building owners are focusing on as they prepare for more people to head back to office towers and other non-residential buildings, ...Read more

High-end listings are returning, outpacing the recovery of the more affordable market

Consumer / Home and Consumer News /

New listings of high-end houses, which dropped the furthest and fastest during the early months of the pandemic, are coming back to the market and inflating the median price of houses currently for sale, according to a Zillow analysis.

The median list price for a home in the Philadelphia metropolitan area in June was $333,074 -- a 5.2% increase...Read more

World's largest hedge fund cuts dozens from staff as coronavirus takes toll

Consumer / Home and Consumer News /

Bridgewater Associates, the world's largest hedge fund, has laid off dozens of employees as the pandemic hits its bottom line.

In an emailed statement, Bridgewater, based in Westport, Conn., said employees will be working more from home "so we won't need the same number of support people, new technologies are changing what type of people we ...Read more

Carla Fried: SEC's new rule, despite its name, isn't in your 'best interest'

Consumer / Home and Consumer News /

Just as more households are seeking help managing their finances amid the hardships of the coronavirus recession, the federal government has implemented a new regulation that falls short of protecting consumers.

Beginning June 30 the Securities and Exchange Commission began enforcing its new Regulation Best Interest, commonly known as Reg BI.

...Read more

Social Graces: Etiquette for a party during the pandemic

Consumer / Home and Consumer News /

Q: You've been invited to a party. You aren't sure about the number of attendees, if the event will be outdoors, whether social distancing will be in place or if masks are required. How should you ask the host?

A: Upon receipt of an invitation, it is customary to reply immediately, so as not to forget and to allow the host to have accurate ...Read more

Low mortgage rates help home buyers as prices rise — if they can qualify

Consumer / Home and Consumer News /

PHILADELPHIA -- More space and nearness to family were the main motivations behind Jamie and Alan Rhode's decision to move from their apartment in Philadelphia's Fairmount neighborhood to the Plymouth Meeting area. The Rhodes, who both work in finance, planned to rent outside the city for a year or two before buying a house. Then mortgage rates ...Read more

Low mortgage rates help home buyers as prices rise — if they can qualify

Consumer / Home and Consumer News /

PHILADELPHIA -- More space and nearness to family were the main motivations behind Jamie and Alan Rhode's decision to move from their apartment in Philadelphia's Fairmount neighborhood to the Plymouth Meeting area. The Rhodes, who both work in finance, planned to rent outside the city for a year or two before buying a house. Then mortgage rates ...Read more

Erin Arvedlund: Money market fund yields are dropping, prompting fee waivers

Consumer / Home and Consumer News /

Good news for investors: Some large firms such as Fidelity and Vanguard, the Malvern-based mutual fund giant, are waiving some fees on money market funds.

The bad news: That's because yields are so low on money market funds that without a fee waiver, the returns might drop below zero.

Blame the Federal Reserve for this conundrum, as yields ...Read more

Hot Property: 'Office' alum Rainn Wilson readies for a move

Consumer / Home and Consumer News /

LOS ANGELES -- It's not quite a beet farm, but Rainn Wilson's home boasts a similar vibe. The actor, who played Dwight Schrute on "The Office," has put his bucolic compound in Agoura Hills on the market for $1.699 million.

The rural retreat crams a variety of structures into roughly half an acre of grounds: a three-bedroom home; a skylit writer...Read more

Neal Templin: Should you have an umbrella insurance policy?

Consumer / Home and Consumer News /

For homeowners and drivers, umbrella coverage kicks in when limits are exceeded on normal insurance.

You cause an accident on the freeway and a dozen other drivers or passengers are injured in the pile-up.

Your teenager hosts a party at your house, and a guest gets drunk and gets hurts.

You make an offhand remark about a neighbor at a party ...Read more

Natasha Frost: For single ladies — building wealth with a house

Consumer / Home and Consumer News /

For households that choose to own a home, the equity that builds up over time ends up accounting for a big chunk of net worth, which is the value of all assets minus all debts. Data from the U.S. Census Bureau finds homeowner net worth is 80 times that of renters. The median value of equity among homeowners is more than the median value of ...Read more

Real estate Q&A: What are my rights if I'm breaking my lease?

Consumer / Home and Consumer News /

Q: I just purchased a home and need to break my current lease that expires on Oct. 31. I have tried working with my landlord and have referred multiple applicants to transfer the remainder of the lease to and he continues to reject all of them saying they are not qualified. I gave written notice in June to move out by the end of July. What are ...Read more

Amid the coronavirus pandemic, a Black housing crisis gets worse

Consumer / Home and Consumer News /

LOS ANGELES -- Veronica Sance's rent for her one-bedroom apartment in Los Angeles' Crenshaw district ate roughly half her paycheck as a receptionist in the entertainment industry.

Then, Sance said, she was wrongfully fired in late 2018 because as a Black woman she was held to different standards from white employees. Sance filed a ...Read more

Tenants keeping up rent payments during pandemic, but wave of evictions could loom

Consumer / Home and Consumer News /

LOS ANGELES -- Even before he lost both of his part-time jobs in March, Jose Alvarez-Castillo was just barely getting by.

The 21-year-old senior at UCLA was sharing a three-bedroom apartment with six roommates near the Westwood campus. His share of the rent was $800 a month. When the pandemic hit, his jobs as a handyman and receptionist for on-...Read more

A New York writer asked 'LA Twitter' where she should live. It didn't go well

Consumer / Home and Consumer News /

It was totally an innocent question. She promises.

Taylor Lorenz, a New York Times Style reporter known for cheeky but astute explainers on online youth culture, tweeted an innocuous query to her 171,000 followers that set off -- true to the high-wire tensions of the web these days -- an avalanche of indignant responses.

"LA Twitter," Lorenz ...Read more

Need a change? Free online classes teach coding, graphic design

Consumer / Home and Consumer News /

Has seeing everyone else work from home convinced you it's time to make a change in your career? Maybe you just want to pick up a new skill. Whatever your motivation, some online resources are here to help.

Altcademy, an online school for computer coding, is offering a Coding 101 course free for beginners. The five-day course arrives as short ...Read more

Wade Tyler Millward: Software CEO walks into a bar — and hires the bartender

Consumer / Home and Consumer News /

How's this for a job applicant's profile? Multitasks effectively. Makes decisions under pressure. Works well with others, even the grumps. Excellent at selling new products. Keeps a clean workspace.

All in a day's work for the nation's 650,000 bartenders, who constitute one of the most idled job classifications during the coronavirus shutdown. ...Read more

Los Angeles skyscraper US Bank Tower to be sold as pandemic drives down office leasing

Consumer / Home and Consumer News /

LOS ANGELES -- Downtown Los Angeles skyscraper U.S. Bank Tower will be sold at a discount to the developer of One World Trade Center in New York as the pandemic drives down office leasing across the country and raises questions about the future appeal of high-rise office buildings.

Standing 73 stories on Bunker Hill, the cylindrical U.S. Bank ...Read more

Vanguard crew and fans wary of Infosys outsourcing as company adds Malvern center

Consumer / Home and Consumer News /

Shares of Infosys Ltd., an India-based company to which scores of U.S. corporations are outsourcing information-technology work, rose sharply last week after announcing a pact to move 1,300 jobs from Malvern-based Vanguard Group to Infosys by October.

Those Vanguard staff -- or "crew," as Vanguard calls its 18,000 workers -- track five million ...Read more