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Bill providing one year of mortgage relief for LA fire victims moving forward

Consumer / Home and Consumer News /

LOS ANGELES — State legislation that would make it easier for victims of the Los Angeles County fires to receive one year of mortgage relief will move ahead, despite voluntary agreements Gov. Gavin Newsom reached with hundreds of lenders.

Assembly Bill 238 would allow borrows to put a stop to their mortgage payments for up to 180 days with no...Read more

Everyday Cheapskate: Clearing Up the Confusion Around Date Labels on Packaged Foods

Consumer / Everyday Cheapskate /

No doubt, you've noticed that some food products come with dates and codes printed on them. And who isn't noticing this more now as food costs are skyrocketing?

Do those codes and dates mean the item must be consumed by that date or just sold by that date?

What about canned or packaged goods that show only a date like "2.01.25"? Does that mean...Read more

Rocket Mortgage wins majority judgment dismissal in suit over appraisals

Consumer / Home and Consumer News /

The Fourth Circuit Court of Appeals in West Virginia has dismissed the majority of a $10.6 million judgment against Rocket Mortgage and its affiliate, Amrock LLC, according to court documents.

The judgment, issued last week, was related to a 2012 class-action lawsuit that alleged the mortgage company had improper influence over appraisals.

At ...Read more

TOM GRALISH/The Philadelphia Inquirer/TNS

Philadelphia is one of the least affordable major metros for its renters

Consumer / Home and Consumer News /

Housing in the Philadelphia region is often considered affordable when compared to other parts of the country. But tell that to renters who live here.

The Philadelphia metropolitan area is one of the least affordable in the country for its apartment renters based on their incomes, according to a report by the online real estate brokerage Redfin...Read more

Everyday Cheapskate: 7 Reasons You Would Be Smart to Add Borax to Every Wash Load

Consumer / Everyday Cheapskate /

Borax, a combination of sodium, boron and oxygen, is a natural substance mined from the earth in its crude form, found in abundance in the deserts of California and Nevada.

Powdered borax is white, consisting of soft, colorless crystals that dissolve in water. Borax is an ingredient in many detergents, cosmetics and enamel glazes. The trademark...Read more

Jessica Griffin/The Philadelphia Inquirer/TNS

What small daily acts can help save money? Try these financial life hacks

Consumer / Home and Consumer News /

PHILADELPHIA — When it came to her personal finances, Brittany Bronson knew the big-picture advice — the tips a financial adviser might dole out for saving more, paying off debt, or hitting other money goals.

She was well aware of the power of budgeting, the value of investing, and the habits that can lead to lower energy bills.

But the ...Read more

DREAMSTIME/TNS

5 ways to protect your bank account from identity theft

Consumer / Home and Consumer News /

Vivian Thornton received quite a shock when she logged onto her bank account and noticed an unfamiliar debit charge for concert tickets totaling more than $2,000. In fact, the hefty charge had brought her account to a negative balance, says Thornton, who is a small business-owner and Charlotte, North Carolina, resident.

On the day this happened...Read more

Prostockstudio/Dreamstime/TNS

Survey: 2 in 5 Americans in a relationship have kept a financial secret from their partner

Consumer / Home and Consumer News /

Would you be upset if you found out your partner had a credit card you didn’t know about? On the flip side, have you ever fudged the numbers with your spouse about a recent shopping spree? Romantic relationships can come with mixed feelings about money. That’s why we asked more than 2,000 people for their takes.

New Bankrate survey data ...Read more

Dreamstime/Dreamstime/TNS

The Fed looks poised to skip a January interest rate cut. How long could a pause last?

Consumer / Home and Consumer News /

At the Federal Reserve’s first meeting in 2025, consumers are going to want what Fed Chair Jerome Powell simply can’t give them: An answer to how much longer interest rates are going to stay high.

Americans got a taste of the rate cuts they were craving last year. With inflation slowing and the job market flashing warning signs of an ...Read more

DREAMSTIME/TNS

Trump signs crypto executive order: What investors need to know

Consumer / Home and Consumer News /

President Trump signed an executive order Thursday promoting U.S. leadership in digital assets and establishing a working group that would be charged with proposing regulations for the crypto industry.

The news sent prices for popular cryptocurrencies higher in Friday trading. Bitcoin was up more than 1.5% to $105,880, while Ethereum climbed ...Read more

My house didn't burn but ash from the LA fires fell in my yard. Can I eat from my garden? Is my soil safe?

Consumer / Home and Consumer News /

LOS ANGELES -- In the world of wildfires, there are basically two kinds of ash: the good kind from burned vegetation that enriches the soil and the very bad ash from urban wildfires that's created when everyday items like plastics, electronics, couches and tires burn along with people's offices, homes and stores.

"Ash from a chaparral [...Read more

Everyday Cheapskate: Affordable Health Insurance Alternatives When COBRA Isn't an Option

Consumer / Everyday Cheapskate /

Dear Cheapskate: After 10 years at the same job, my husband was recently laid off. I'm a freelance writer. I work mainly from home so I can be with our 3-year-old son. We've always relied on my husband1s company for health insurance. Now we're faced with paying for COBRA, and the cost for a family of three is outrageous. We have no choice but to...Read more

Jay L. Clendenin/Los Angeles Times/TNS

Some price-gouging rules could be keeping high-end homes off LA's rental market

Consumer / Home and Consumer News /

In Los Angeles’ high-end rental market, it’s long been common to find homes advertised for $10,000 a month or more.

But in the wake of this month’s devastating wildfires in Pacific Palisades and Altadena, new listings above that amount are effectively barred by state law, just as a crush of wealthy, displaced families are looking for ...Read more

Michael Blackshire/Los Angeles Times/TNS

With Los Angeles in need of housing, downtown's empty office towers have appeal

Consumer / Home and Consumer News /

The shimmering office towers of the downtown Los Angeles skyline conceal a hard truth — much of the space is empty.

In the years since the pandemic, which upended workplace norms and evaporated demand for office space, landlords downtown have watched in frustration as the value of their office buildings has plummeted. More than a few have ...Read more

Real estate Q&A: What should renter do with unwanted stuff in partially furnished condo?

Consumer / Home and Consumer News /

Q: My son is leasing a small condo. The lease includes “a sofa, TV, TV stand, table, 2 chairs, bed and mattress”. He did not want the mattress, and the owner’s brother removed it, leaving the used bedding behind. A few unwanted small appliances, pans, and dishes were left in the kitchen cabinets. The condo is small, and my son needs the ...Read more

Dreamstime/Dreamstime/TNS

Should you buy a home in South Florida in 2025? Experts see a promising year ahead

Consumer / Home and Consumer News /

Buying a home in South Florida this year is likely to be easier to navigate than last year, real estate experts say.

Realtors are offering insights on why the market may be more appealing to many buyers in 2025.

“Last year, a lot of people were afraid to do things,” said Kay Conageski, a Realtor with the Keyes Company, a real estate ...Read more

San Diego on track for its slowest-ever home sales year

Consumer / Home and Consumer News /

San Diego County was on track for its lowest-ever home sale year as mortgage rates and prices stayed high to end the year.

Through November, CoreLogic data shows 25,998 home sales. At that sales pace and with interest rates near 7% at the end of December, 2024 could take the crown for slowest year from 2023, which recorded 26,906 sales, data ...Read more

Aaron Flaum/Hartford Courant/Hartford Courant/TNS

Airbnb listings put squeeze on rental availability in CT. Here's what experts say drives the 2025 market

Consumer / Home and Consumer News /

As Greater Hartford faces an incredible demand for affordable housing and long-term rentals, the high number of listings on Airbnb shows plenty of open properties or rentals available.

But according to experts, those Airbnb properties are contributing to the declining supply of long-term rentals.

A consumer affairs study from last year marked ...Read more

Detroit's mostly empty Renaissance Center tower heads to auction

Consumer / Home and Consumer News /

DETROIT — One of the two shorter office towers that are part of the Renaissance Center complex is heading to auction in March.

The 600 Tower is set to be auctioned online March 17-19, with a starting bid of $2.75 million, according to a listing on Ten-X.com.

"We wanted to market this to the widest possible pool of potential buyers and we ...Read more

Everyday Cheapskate: Greed Is Never Good

Consumer / Everyday Cheapskate /

When Gordon Gekko, the main antagonist in the 1987 film "Wall Street," declared in no uncertain terms that "Greed is good!" people flocked to the theaters. And cheered.

Please don't base your belief system on a movie line that might have been memorable and entertaining but is dead wrong.

Greed is like cancer that, when left untreated, can ...Read more

 

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