Consumer

/

Home & Leisure

Ken Lambert/The Seattle Times/TNS

Why Seattle-area homeowners keep vacant rooms instead of renting out

Consumer / Home and Consumer News /

In the midst of the Seattle-area housing shortage, hundreds of thousands of vacant rooms in big houses sit untapped as many homeowners are either reluctant to have a housemate or unsure about how to go about it.

Larry Crites is a longtime rental property owner living in Seattle.

He used to rent out the upstairs section of his first house. But ...Read more

Nick Wagner/The Seattle Times/TNS

Seattle-area owners of big houses stay put as downsizing costs rise

Consumer / Home and Consumer News /

Brenda Beeson loves her house. It’s where she woke up next to her husband each morning and rushed her daughter out to school. She never thought the house in South King County, Washington, once so full of life, could feel as empty as it does now.

Ever since her husband unexpectedly died in 2018 and her daughter moved out, four of the home’s ...Read more

Dreamstime/Dreamstime/TNS

FTC sues Zillow and Redfin over rental listing deal

Consumer / Home and Consumer News /

The Federal Trade Commission is suing Zillow and Redfin for allegedly conspiring to eliminate competition for rental housing listings.

In a lawsuit filed Tuesday in the United States District Court for the Eastern District of Virginia, the FTC claims the real estate giants violated federal antitrust laws by entering into an illegal agreement to...Read more

Scott S. Hamrick/The Philadelphia Inquirer/TNS

Vanguard weighs allowing trading of crypto ETFs

Consumer / Home and Consumer News /

Vanguard Group Inc. is weighing whether to allow trading of cryptocurrency-focused exchange-traded funds on its platform, a move that would mark a major easing of its restrictive stance toward the popular but volatile asset class.

Should the switch go through, it would open the door for Vanguard’s more than 50 million investors — with some ...Read more

DREAMSTIME/TNS

Seminole Tribe sues Lennar over 552 'defective' new houses across Florida

Consumer / Home and Consumer News /

Hundreds of homes built by the Miami-based Lennar Corporation on tribal land over the last five years are in such shoddy condition that no one can safely live in them, according to a lawsuit against the construction company filed by the Seminole Tribe of Florida.

The lawsuit was filed in March, but efforts to resolve the dispute between the ...Read more

Dreamstime/Dreamstime/TNS

10 of the biggest changes to retirement accounts due to new 401(k) and IRA rules

Consumer / Home and Consumer News /

Congress has shaken up retirement plans once again, and the changes benefit a wide swath of Americans saving for their golden years through IRAs or employer plans such as 401(k)s.

The SECURE Act 2.0 became law in the last days of 2022, and the new rules provide assistance for retirement savers, small businesses and many others. In fact, the ...Read more

Dreamstime/Dreamstime/TNS

Ordinary annuity vs. annuity due: The small difference that affects its value

Consumer / Home and Consumer News /

An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment.

However, there are different ways these payments can be structured, including ordinary annuities and annuities due. While the concept may seem ...Read more

Dreamstime/Dreamstime/TNS

Rule of 72: What it is and how to use it

Consumer / Home and Consumer News /

You don’t need a finance degree to figure out how long it’ll take to double your money as an investor. The Rule of 72 offers a quick shortcut to estimate growth based on interest rates or, on the flip side, the erosion of buying power from inflation. It’s not perfect, but it’s useful for spotting how time and compounding work in your ...Read more

Dreamstime/Dreamstime/TNS

Car crash kills 3 members of 'Meet the Putmans' reality family; 5 hospitalized

Consumer / Home and Consumer News /

The family at the center of TLC reality show “Meet the Putmans” was torn apart Saturday after a deadly car crash killed three relatives and left five others hospitalized.

The Putmans announced on Saturday that patriarch Bill “Papa” Putman, his wife Barb, better known as “Neenee,” and Aunt Megan had all died “in a tragic car ...Read more

Christina House/Los Angeles Times/TNS

Fire victims get one year of mortgage relief under new California law

Consumer / Home and Consumer News /

Legislation that allows victims of the Jan. 7 fire storms to receive up to a year of mortgage relief was signed by California Gov. Gavin Newsom as an urgency measure that takes effect immediately.

Assembly Bill 238 enables borrowers to put a stop to their mortgage payments for up to 12 months with no late fees or penalties, by attesting without...Read more

Myung J. Chun/Los Angeles Times/TNS

The LA fires destroyed 11,000 homes. Less than 10% have permits to rebuild

Consumer / Home and Consumer News /

Of the thousands of residents needing to rebuild after this year’s California wildfires, Andy Weyman would seem especially well positioned. The TV and stage director had remodeled his Malibu home just five years earlier and had city-approved blueprints in hand, with the same architect set to oversee reconstruction.

Yet eight months after the...Read more

Real estate Q&A: Who pays for condo repairs after second leak from association's AC unit?

Consumer / Home and Consumer News /

Q: I live in a condo on the top floor. About a year ago, there was a leak caused by the condo association’s AC unit, which damaged my wall. The association claimed that they had repaired the unit and roof, but stated that repairs — to my interior were my responsibility. Recently, the same leak happened in the same spot, caused by the same AC...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

Many of Philadelphia's office buildings are plummeting in value -- and it's costing the city millions

Consumer / Home and Consumer News /

If you’re in the market for an office building in Philadelphia, now’s the time to buy.

Several Center City office buildings have sold in recent months for well under half their previous prices and assessed values, attracting residential developers and out-of-market investors.

The 29-story, 665,000-square-foot tower at 2000 Market St. last ...Read more

Eileen T. Meslar/Chicago Tribune/TNS

Developers say on-again, off-again tariffs are making it difficult to predict prices and kick off projects

Consumer / Home and Consumer News /

The night before the Trump administration began enforcing a 25% tariff on Canadian imports, Chicago-based GI Stone had 13 trucks at the U.S. border, each loaded down with specialized granite set for installation in the Obama Presidential Center under construction in Jackson Park.

Only eight trucks made it through before the tariffs took effect ...Read more

Tom Gralish/The Philadelphia Inquirer/TNS

Kids' Halloween costumes cost as much as $90. Here's how to get them for under $10

Consumer / Home and Consumer News /

When it comes to her kids’ Halloween costumes, Devon Weaver has learned to take a laid-back approach.

“Costumes don’t have to be stressful,” said Weaver, a 45-year-old content creator who runs several blogs, including Mamacheaps.com, from her Hilltown, Bucks County, home. “You can always repurpose things: Sports uniforms, dance ...Read more

Jim Watson/AFP/GETTY IMAGES NORTH AMERICA/TNS

How the Fed impacts stocks, crypto and other investments

Consumer / Home and Consumer News /

Higher interest rates played out on stocks, cryptocurrency and commodities such as oil over the past few years. But now that the Federal Reserve has been lowering short-term rates, what can investors expect from here, and how long will the shifting rate environment impact markets?

After lowering interest rates by 25 basis points at its December...Read more

Rido/Dreamstime/TNS

Should couples have a separate or joint bank account?

Consumer / Home and Consumer News /

Joint bank accounts allow couples to manage budgets together, monitor spending and save for shared goals. But they aren’t right for every couple. And you don’t have to go with an all-or-nothing approach, either. You can have a joint account without merging all your finances.

Here’s what you should consider before deciding whether a joint...Read more

Christina House/Los Angeles Times/TNS

After insurance pullback, advocates demand a 'bill of rights' for California policyholders

Consumer / Home and Consumer News /

A leading consumer group is proposing a policyholder rights initiative that would require insurers to offer coverage to California homeowners who fireproof their homes — or lose the right to sell home or auto insurance in the state for five years.

The Insurance Policyholder Bill of Rights was filed with state Atty. Gen. Rob Bonta’s office ...Read more

Shae Hammond/The Bay Area News Group/TNS

A big Realtors settlement could have led to lower agent commissions. They haven't changed

Consumer / Home and Consumer News /

SAN JOSE, Calif. — When Eric Itakura listed his Mountain View condo last year, he hoped to save some money on commissions.

The rules over how agents’ fees are set had recently been rewritten as part of a landmark settlement reached between the National Association of Realtors and a group of home sellers. For decades, sellers typically paid ...Read more

Karl Mondon/The Bay Area News Group/TNS

How to negotiate commissions with your real estate agent

Consumer / Home and Consumer News /

SAN JOSE, Calif. — For decades, home sellers typically covered both their own agent’s commission and the fee for the buyer’s broker, a structure that left little room for negotiation. But a recent legal settlement has shaken up that system, opening the door for buyers and sellers to haggle over who pays what — and how much.

In the Bay ...Read more