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Billionaire Ken Griffin pays $238 million for New York penthouse, trouncing price record

Consumer / Home and Consumer News /

In a record-setting deal, billionaire Ken Griffin has paid $238 million for a massive penthouse towering over Central Park in New York City.

The sale shatters the previous price record, which was set in 2014 when hedge-fund manager Barry Rosenstein reportedly shelled out $137 million for a Hamptons estate.

As first reported by the Wall Street ...Read more

Consumer / Home and Consumer News /

Kill Thursday, January 24, 2019's Lifestyle HOME-HONORS-FAMILY:SE story; it moved as ATHOME-MARROWSTONE-ISLAND:SE on Dec. 17.

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The Mortgage Professor: The science and art of paying off your mortgage early

Consumer / Home and Consumer News /

Most of my work on paying off a mortgage early has focused on the science of the subject, which is nothing more than the math needed to trace the process through which a mortgage balance (the amount still owed) declines over time. With Chuck Freedenberg, I developed calculator 2a, which is the most frequently visited page on my website.

...Read more

The Mortgage Professor: The science and art of paying off your mortgage early

Consumer / Home and Consumer News /

Most of my work on paying off a mortgage early has focused on the science of the subject, which is nothing more than the math needed to trace the process through which a mortgage balance (the amount still owed) declines over time. With Chuck Freedenberg, I developed calculator 2a, which is the most frequently visited page on my website.

...Read more

Real estate Q&A: What's the best way to get a mortgage?

Consumer / Home and Consumer News /

Q: We loved your tips last week about the purchase contract. Do you have any advice about getting a mortgage? -- Tony

A: When you start looking for a home you will receive plenty of advice that you should buy the most home you can afford. This is probably because you will quickly fill any home you find, regardless of its size, and having extra ...Read more

Is San Diego County done building single-family homes?

Consumer / Home and Consumer News /

SAN DIEGO -- If you are looking to buy a new single-family home this year, San Diego County might be a tough place to do it.

Early estimates for the number of single-family homes coming out for sale this year are around 800, fewer than roughly 940 last year and 1,500 in 2017 and 2016. It reflects a trend of fewer and fewer traditional, detached...Read more

More South Florida homeowners using PACE home improvement financing — despite complaints

Consumer / Home and Consumer News /

Needing no money down, more people in South Florida are using a unique program to finance home improvements despite complaints when the bills come due.

Qualifying energy efficiency and storm-hardening projects include new roofs, air conditioning systems, water heaters, rooftop solar energy systems, hurricane-resistant impact windows and doors, ...Read more

Susan Tompor: How the gender pay gap hurts women's retirement and 401(k) plans

Consumer / Home and Consumer News /

Any woman who isn't investing money in a 401(k) plan -- or maybe only sets aside a tiny amount -- needs to realize that the retirement game is stacked against her.

"Women are more at risk in their older years for economic insecurity," said Amy Matsui, director of income security and senior counsel for the National Women's Law Center in ...Read more

Couple turns an unexpected gift into a forever home that honors a family's history, and its future

Consumer / Home and Consumer News /

MARROWSTONE ISLAND, Wash. -- A life-changing transition helped establish a home-renovating mission statement: 'How does one honor the custodianship of a much-loved-yet-dated inherited home?'

This profound, intensely personal place, tucked between enormous evergreens on the remote edge of a rustic island -- was not part of the plan.

Lisa and ...Read more

Couple turns an unexpected gift into a forever home that honors a family's history, and its future

Consumer / Home and Consumer News /

MARROWSTONE ISLAND, Wash. -- A life-changing transition helped establish a home-renovating mission statement: 'How does one honor the custodianship of a much-loved-yet-dated inherited home?'

This profound, intensely personal place, tucked between enormous evergreens on the remote edge of a rustic island -- was not part of the plan.

Lisa and ...Read more

Hot Property: A new site for his moment of Zen

Consumer / Home and Consumer News /

LOS ANGELES -- Trevor Noah, host of "The Daily Show," has shelled out $20.5million for an eye-catching estate in Bel-Air, according to sources not authorized to comment on the deal.

Set on a 1.31-acre promontory lot, the 10,044-square-foot home is entered through a pivoting front door made of paneled wood. Polished glass, leathered marble and ...Read more

Some home shoppers are calling it quits, convinced that prices have peaked

Consumer / Home and Consumer News /

LOS ANGELES -- Two years ago, Mike Saavedra moved to Southern California, equipped with a new high-paying healthcare job and a plan. The former Arizona resident would rent by the beach while becoming familiar with neighborhoods where he may want to purchase a house.

But a few months after starting his search, the Manhattan Beach renter cut it ...Read more

Would you use a start-up to sell your home? This company is betting you will

Consumer / Home and Consumer News /

PHILADELPHIA -- It's a phrase that countless start-ups use when they feel as if they have gained enough traction: "We're the Uber of (fill in an industry here)."

There are companies like Instacart and AmazonFresh, considered disruptors of the grocery industry. There's Roadie, the delivery service that connects people who have stuff to send with...Read more

Real estate Q&A: Knowledge is power when it comes to purchase contracts

Consumer / Home and Consumer News /

Q: Now that we found our dream home, how can we protect ourselves regarding the purchase contract our agent wants us to sign? -- Meg

A: The purchase and closing of your new home is one of the most complex and stressful times most people will endure. Buying a house is not something that people do every day and anything unknown can be frightening...Read more

Microsoft pledges $500 million to tackle housing crisis in Seattle

Consumer / Home and Consumer News /

Blessed with a balance sheet that allows for sweeping gestures, Redmond tech giant Microsoft is responding to the region's widening affordability gap with a $500 million pledge to address homelessness and develop affordable housing across the Puget Sound region.

Most of the money will be aimed at increasing housing options for low- and middle-...Read more

Landlord rents $1,500 studio to two cats, hits 'peak Silicon Valley'

Consumer / Home and Consumer News /

SAN JOSE, Calif. -- Looking to make some extra cash, David Callisch found the perfect tenants for the $1,500-a-month studio apartment behind his Willow Glen home -- a pair of cats.

"Basically I've got two renters that don't have opposable thumbs," Callisch said. "It's actually great. They're very quiet, obviously. The only problem is they stink...Read more

Durham says bring on backyard cottages. Raleigh says let's take it slow.

Consumer / Home and Consumer News /

RALEIGH, N.C. -- While the city of Raleigh is slowly opening the door to backyard cottages for the first time in decades, its neighbor Durham is about to take the door off the hinges.

As demand rises, housing costs are rising too. Not all new residents, or those already here, can afford to live in single-family homes.

In response to Durham's ...Read more

Seattle still has the most cranes in America, and construction isn't losing much steam

Consumer / Home and Consumer News /

SEATTLE -- Seattle still has more construction cranes than any other U.S. city, as developers keep building high-rises in the fast-changing city.

The city of Seattle has 59 cranes sprouting out across the skyline, down slightly from the 65 counted six months ago. But that's still 15 more than Los Angeles, the next-highest city.

Outside of a ...Read more

The Journey: 'Bucket' approach to spending reduces stress of retirement

Consumer / Home and Consumer News /

Anyone retiring in 2019 could understandably be feeling a little skittish.

There's retirement research showing market declines in the first few years can devastate a portfolio's chances of providing enough income for life, and recent volatility after a nearly decade-long bull market is worrisome.

Interest rates moving higher could be a good ...Read more