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US mortgage rates drop to lowest level in more than a year

Consumer / Home and Consumer News /

Mortgage rates fell to the lowest level in more than a year, easing affordability concerns for homebuyers.

The average for 30-year, fixed loans was 6.19%, down from 6.27% last week and the lowest since early October 2024, data from Freddie Mac show.

Falling rates have given house hunters more buying power, but demand has been constrained by ...Read more

Real estate Q&A: Do I have to pay for damage neighbor says is caused by palm tree root?

Consumer / Home and Consumer News /

Q: I live in a senior community HOA. My neighbor says the roots of my royal palm are lifting her pavers around her pool. The tree, planted by the developer on my property four years ago, is 10 feet from the property line. Since the tree was already mature, I find it unlikely its roots grew fast enough to cause the damage. The neighbor wants me ...Read more

L.E. Baskow/Las Vegas Review-Journal/TNS

How the federal government came to control the majority of land in Nevada

Consumer / Home and Consumer News /

The federal government controlling the vast majority of land in Nevada dates all the way back to the 1800s when the territory was first admitted to the United States, according to a former longtime employee.

When Nevada became a state in October 1864, state representatives and stakeholders were only eyeing the northern part of Nevada due to its...Read more

Juliana Yamada/Los Angeles Times/TNS

Want the 'Rolls-Royce' of holiday decorations? Call this LA team -- and pay up to $50,000

Consumer / Home and Consumer News /

LOS ANGELES -- It's Monday afternoon in Madison Heights, a stately Pasadena neighborhood where the seasonal decor is as tasteful and predictable as a Hallmark movie.

Suddenly, like a strange wind, a U-Haul truck quietly pulls in front of an elegant home. Within minutes, a crew of black-clad workers begin emptying the truck's contents, briskly ...Read more

Allen J. Schaben/Los Angeles Times/TNS

California business leaders want voters to expedite state's environmental review process for housing, infrastructure

Consumer / Home and Consumer News /

LOS ANGELES — California voters could soon be asked to usher in a major overhaul of the state's landmark environmental law, a proposal aimed at expediting crucial infrastructure projects, including housing construction, by creating new deadlines for environmental oversight.

The California Chamber of Commerce on Tuesday introduced a ballot ...Read more

Real estate Q&A: Should I let buyers rent condo for weekend before closing?

Consumer / Home and Consumer News /

Q: I’m about to sell our condo, and the new buyers want to rent it for the weekend before closing. Have you ever heard of this? Should I say yes, or is this a reason for them to cancel the sale if they don’t like staying there? — Doug

A: While it is not uncommon for buyers to ask for early access to a property before closing, you should ...Read more

Elías Valverde II/The Dallas Morning News/TNS

Developers should build more apartments for families, study argues

Consumer / Home and Consumer News /

In the years since the Great Recession, apartment construction in the United States has boomed. And more of these new homes have been smaller units, with fewer bedrooms, including studio apartments.

A recent paper from the Institute for Family Studies, a nonprofit that focuses on strengthening marriage and family life, argues that developers ...Read more

Handout/Tomorrow Inc/Los Angeles City Planning Commission/TNS

$2-billion mega-development in Skid Row clears major hurdle with LA officials

Consumer / Home and Consumer News /

A proposed mega-development in downtown Los Angeles, which would replace a cold storage facility with a $2-billion residential and commercial complex, cleared a major hurdle last week when the city Planning Commission backed it.

Commissioners unanimously recommended the construction of Fourth & Central in the Skid Row neighborhood.

The 7.6-...Read more

Jane Tyska/Bay Area News Group/TNS

A 'middle-income' housing program didn't deliver on promises of affordability. Can Oakland make it work?

Consumer / Home and Consumer News /

Oakland, California, officials have a new take on a controversial housing program that hasn’t always delivered the affordability it promised struggling renters.

Across California, cities have signed on to a financing plan in which market-rate apartment buildings are bought and supposedly re-rented at rates affordable to teachers, nurses, and...Read more

Chip Somodevilla/Getty Images North America/TNS

Shutdown could hurt housing market, Realtors association says

Consumer / Home and Consumer News /

WASHINGTON — The Maryland Association of Realtors warned Monday that a prolonged government shutdown could have adverse effects on the state’s housing programs and housing market.

“Each day the shutdown continues, uncertainty grows for Maryland families trying to buy or sell a home,” association president Denise Lewis said in a ...Read more

Jose F. Moreno/The Philadelphia Inquirer/TNS

Sky-high coffee prices have become 'too much' for some Philly-area consumers

Consumer / Home and Consumer News /

Brittany Stampone is torn.

The Northeast Philly native likes supporting independently owned coffee shops, but she said she can seldom justify the prices.

“I really try to find something within my budget,” said Stampone, 35, who works in health insurance.

When visiting Wildwood last month for Irish Weekend, she said she couldn’t find a ...Read more

Justin Sullivan/Getty Images North America/TNS

Trump, Pulte threats fuel $19.5 billion homebuilders rout

Consumer / Home and Consumer News /

President Donald Trump and Federal Housing Finance Agency Director Bill Pulte are fueling a deeper selloff in already struggling homebuilder stocks.

A series of social media posts, from the US president over the weekend and then from the FHFA director and real estate scion Pulte on Wednesday, contributed to a four-day losing streak for an S&P ...Read more

Real estate Q&A: How can I get my neighbor to keep it down during 5 a.m. workouts?

Consumer / Home and Consumer News /

Q: I live in an apartment, and my upstairs neighbor gets up to work out every day at 5 a.m. He’s often loud, dropping the weights and waking me up. I’m kind of at my wits’ end. I really don’t want to have to report him to the community, but I also need to get some sleep. What can I do? — Adrian

A: Living in an apartment comes with its...Read more

Myung J. Chun/Los Angeles Times/TNS

Almost no one is building new apartments in Los Angeles. Here's why

Consumer / Home and Consumer News /

Los Angeles developer Cliff Goldstein just completed a plush new apartment complex on the Westside, but that's the last one he's going to build for the foreseeable future.

Even though demand for housing in the region is red hot, many people who build apartments for a living have paused putting shovels in the ground because, they say, it's just ...Read more

Glen Stubbe/Minnesota Star Tribune/TNS

Minneapolis Fed's Neel Kashkari: Fed cuts might not lead to lower mortgage rates

Consumer / Home and Consumer News /

American consumers are waiting for the Federal Reserve to cut rates so they can buy or sell their homes, but Minneapolis Fed President Neel Kashkari said Tuesday that the long-awaited mortgage rate drop might not materialize.

There’s only so much money to go around, Kashkari said, and the amount of cash flowing into AI — though it’s ...Read more

Nathan Howard/Getty Images North America/TNS

Why fears of a trillion-dollar AI bubble are growing

Consumer / Home and Consumer News /

For almost as long as the artificial intelligence boom has been in full swing, there have been warnings of a speculative bubble that could rival the dot-com craze of the late 1990s that ended in a spectacular crash and a wave of bankruptcies.

Tech firms are spending hundreds of billions of dollars on advanced chips and data centers, not just ...Read more

Hannah Wiley/Los Angeles Times/TNS

This bill has been hailed a 'landmark' victory for California YIMBYs. But it only narrowly escaped defeat

Consumer / Home and Consumer News /

This year, San Francisco Senator Scott Wiener passed a bill that will allow mid-rise housing to be built near transit stops, a win for the pro-housing lawmaker who’d seen two previous attempts collapse before even reaching the Senate floor, blocked by lawmakers concerned about state interference in local land-use decisions.

On multiple ...Read more

Real estate Q&A: Who pays to replace hurricane windows removed during condo restoration?

Consumer / Home and Consumer News /

Q: My condo apartment’s back lanai has been undergoing concrete restoration for a year, and my unit was the first completed. There is an ongoing debate between the association and engineers about what to do with the hurricane windows and shutters on the lanai edge. Meanwhile, the association and contractors removed my hurricane windows due to ...Read more

Tim Henderson/Stateline/TNS

Home sales drop in Las Vegas, rise in Houston as market heads for worst year since 1995

Consumer / Home and Consumer News /

Home sales closings dropped in August and remain well below pre-pandemic levels as high prices and interest rates weighed on the market, according to an analysis this week by the Calculated Risk blog.

Home sales are on track for the worst year in decades, matching the 4 million annual sales in 1995, according to a separate realtor.com report ...Read more

Phillip Molnar/The San Diego Union-Tribune/TNS

'Bidding wars are in the rear view': San Diego home prices fall in US rankings

Consumer / Home and Consumer News /

SAN DIEGO — San Diego home prices were down annually for a second month as the region fell in a closely watched real estate index.

The San Diego metropolitan area’s home price decreased 0.66% annually in July, according to the S&P Cotality Case-Shiller Indices report released this week. Prices were down year-over-year by 0.61% the previous ...Read more