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Real estate Q&A: Should I add my daughter's name to deed of my house to avoid probate costs?

Consumer / Home and Consumer News /

Q: I am a widow in my 70s, and I want to make things easier for my daughter after I am gone. A friend told me I can simply add her name to the deed of my house so it passes to her without probate. It sounds simple and inexpensive. Is there any reason I should not just do it? — Eleanor

A: Your heart is in the right place, and the goal is a ...Read more

Amanda Snyder/The Seattle Times/TNS

Seattle City Council bans 'junk' rental fees

Consumer / Home and Consumer News /

The Seattle City Council voted to ban most types of rental fees this week — a move welcomed by tenants' advocates, who argue that tacked-on charges make housing more expensive and obscure its true costs to renters.

The bill requires landlords to disclose all mandatory and optional fees upfront in home listings or ads. The ordinance will take ...Read more

Seattle's 'shaky tech market' hits home sales

Consumer / Home and Consumer News /

Housing markets across the country slowed this year as Americans struggle with high costs and worry about the economy, but Seattle’s market stands out as particularly muted.

Pending home sales took a steeper dive in the Seattle area in July than in any other region, a sign of Seattle’s “shaky tech market” where layoffs at major tech ...Read more

Justin Sullivan/Getty Images North America/TNS

How Anaheim, California outpaced Silicon Valley in income growth

Consumer / Home and Consumer News /

Despite the economic angst and billionaire exodus, California has been recording some of the highest income growth in the country.

Surprisingly, a recent survey of metropolitan areas showed that Silicon Valley didn't lead the state, but Anaheim, Irvine and Santa Ana were near the top.

A study by financial advising company SmartAsset of the 94 ...Read more

Bizuayehu Tesfaye/Las Vegas Review-Journal/TNS

Home insurance rates in Nevada have shot up 22% since 2023, report says

Consumer / Home and Consumer News /

Home insurance rates in Nevada have risen close to a quarter since 2023 up until the end of last year, according to a new report.

Data from Insurify, an online insurance comparison platform, showed that the average price for home insurance in 2023 was $1,407, then jumped to $1,672 two years later. This year, according to the review, home ...Read more

Saul Loeb/AFP/Getty Images North America/TNS

SEC exempts data-center bonds from key securitization rules

Consumer / Home and Consumer News /

The Securities and Exchange Commission has made it easier for data center owners to sell asset-backed securities, potentially opening the door for more debt sales as tech firms scour Wall Street for ways to pay for artificial intelligence.

The SEC said a major subset of data-center securitizations don’t need to have disclosures and investor ...Read more

Mandel Ngan/AFP/GETTY IMAGES NORTH AMERICA/TNS

Millions sign up for Trump Accounts, but are they wise investment?

Consumer / Home and Consumer News /

Karla Perez and her husband are supporters of President Donald Trump, so when they learned this summer about new investment accounts his administration designed for children, they quickly signed up their one-year-old son.

“What we hope is that when he’s 18 and he can access it, that he has money to set up his future, whatever he wants to do...Read more

Renée Jones Schneider/The Minnesota Star Tribune/TNS

A house, a car, a little breathing room: Why middle-class life feels increasingly out of reach

Consumer / Home and Consumer News /

It’s a good time to be a middle-class American. And yet it’s never felt worse.

By many traditional measures, the economy is strong. Unemployment remains near historic lows, and middle-income Americans are making more than they were 50 years ago.

Yet millions of Americans who have followed what was long considered the formula for a middle-...Read more

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7 Tips for Getting Out of Your Rental and Into a Home

Consumer / Home and Consumer News /

For many renters, homeownership can feel less like a financial milestone and more like a moving target. Prices rise, interest rates change, rents increase and saving a down payment can seem painfully slow.

That is especially true for younger adults. People under 30 may be dealing with student loans, early-career salaries, high rents and limited...Read more

7 tips for reining in an out-of-control bill

Consumer / Home and Consumer News /

When an electric bill suddenly jumps, it can feel as though the house has developed an expensive habit while nobody was looking. Sometimes the culprit is obvious — a heat wave, a cold snap or guests staying for several weeks. Other times, seemingly small changes in everyday energy use quietly add up.

The good news is that lowering a power ...Read more

5 things you'll love about LVP, and 2 that you might not

Consumer / Home and Consumer News /

Luxury vinyl plank flooring has gone from a budget-minded alternative to hardwood into one of the most popular flooring choices for busy homes. Known as LVP, the material combines realistic wood looks with durability, relatively easy installation and low-maintenance care.

For households with pets, children, muddy shoes or the occasional spilled...Read more

Kristian Carreon/The San Diego Union-Tribune/TNS

Study: All the ways San Diego homeownership is cheaper than other US cities

Consumer / Home and Consumer News /

If you take away the substantial purchase price of a San Diego home, a new study claims that the rest of the cost associated with owning a home here is less than many cities.

An index from the University of San Diego, which launched in April, says the overall cost of owning a home in the county is lower than many areas in terms of energy bills,...Read more

John J. Kim/Chicago Tribune/TNS

Chicago high-rise powered by geothermal could set new standard for development

Consumer / Home and Consumer News /

One of Chicago’s first all-electric, geothermal-powered residential high-rises is taking shape in Fulton Market.

The 33-story apartment project at 410 N. Elizabeth St. could set a new standard for Chicago development, perhaps proving that massive new high-rises can drastically reduce reliance on fossil fuels, cut carbon emissions and reduce ...Read more

Real estate Q&A: Is my plan to lower my homeowners insurance premium smart?

Consumer / Home and Consumer News /

Q: My homeowners insurance premium jumped again this year, and I am trying to bring the bill down. I am thinking about lowering the coverage amount on my house and raising my deductible to save some money. Is that a smart way to cut the cost, or am I setting myself up for trouble? — Gerald

A: There is a right way and a wrong way to cut costs,...Read more

Ken Lambert/The Seattle Times/TNS

Seattle's 'wary' home shoppers leave housing market in limbo

Consumer / Home and Consumer News /

SEATTLE — As more for-sale signs sprouted in front yards this summer, homes across the region sat on the market awaiting home-shoppers willing to make a leap despite high prices and stubborn mortgage rates.

At current demand, it would take more than three months to sell all the single-family homes listed in King County, according to a measure...Read more

Genaro Molina/Los Angeles Times/TNS

'It's not like I'm painting a tiger on my house': Hollywood's Sunset Square squabbles over its historic preservation rules

Consumer / Home and Consumer News /

LOS ANGELES — In 2017, Hollywood's Sunset Square was named a Historic Preservation Overlay Zone, solidifying its place in L.A.'s architectural history. Four years later, Lady Gaga's dogwalker was shot in the chest outside a vacant house in the middle of the neighborhood.

A small contingent of Sunset Square residents insist the two events are ...Read more

Hyoung Chang/The Denver Post/TNS

Family's home lost to foreclosure sits empty in legal limbo: 'The system feels like gangsters'

Consumer / Home and Consumer News /

DENVER — A two-story house that once sheltered a family of six sits empty on a corner lot in Green Valley Ranch as years of legal wrangling over homeowners association fines, metro district foreclosures and Denver’s affordable housing covenants continue to move through Colorado’s judicial system.

A year after a Denver District Court judge...Read more