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Consumer News and Advice Archive


U.S. Waterfront Home Values Twice as High as Overall Home Values

Nationwide, the typical oceanfront or lakefront, single-family home is worth more than double the median value of all homes, and in some communities the median waterfront house could be worth ten or more times the median value of ...


Adding Value with Home Repairs

Selling your home? Don’t overlook some easy and relatively inexpensive fixes that can add real value to your home’s selling price. While major remodeling is costly and may not address the needs and tastes of prospective buyers, these repairs and maintenance suggestions ...


Getting Started: Considering Moving Money from a 401(k)? Here’s What to Know

(MCT)—It was a silly oversight. Back in high school, I had worked for my town’s library and accumulated a tiny retirement savings account. ...


Vinyl Is the Most Widely Used Siding on New Homes Started

According to data from the Census Bureau’s Survey of Construction (SOC), vinyl (including vinyl-covered aluminum) was the most common exterior wall material used in homes started in 2013 (31 percent), followed by brick or brick veneer (24 percent), stucco (22 percent), and ...


Great Spaces: The Most Absurd Features of Leonardo DiCaprio’s NYC Apartment

Leonardo DiCaprio is a baller. Though he may be sans-Oscar (hopefully not for much longer), this “Wolf of Wall Street” can still afford to drop $10 million on a two-bedroom apartment in an eco-friendly New York ...


Your Place: What to Do If You Smell Gas in Your Home

(MCT)—Art is imitating life here. ...


The Great Delay: Student Loan Debt and Homeownership

A record number of Millennials, individuals aged 18 to 34 years, are delaying household formation. This “Great Delay,” instead of the forbearance of impending doom, may actually be a sign of prudent economic decision ...


The Most Affordable Cities for Millennial Buyers

It’s no secret young buyers have faced challenges when it comes to saving money to purchase a home of their own thanks to limited job opportunities and skyrocketing debt. Despite all this, the millennial generation still believes in homeownership. To help them achieve ...


Making Home Construction Less of a Disruption

(MCT)--Did you know that remodeling your home can be as stressful as moving into a new one? You may have decided to remodel the old kitchen, or perhaps you’re adding on to your home so that mom or dad can live with ...


Living Smart: Keep Care of Kitchen Appliances on Front Burner

(MCT)--Next time you use your fridge, dishwasher or stove, be careful that you’re not unknowingly making it vulnerable to an early breakdown. ...


Great Spaces: Take a Bite Out of Dracula’s Castle

Perched in the Transylvanian mountains like a harbinger of death or a vulture or something equally as creepy, the castle that inspired Bram Stoker’s “Dracula” tale is now for sale. Although only allegedly believed to be the inspiration for the Irish author’s ...


Hot Property: Bruce Willis Decides His Beverly Hills Mansion Is Expendable

(MCT)—Bruce Willis has sold his walled and gated mansion in Beverly Hills for $16.5 million. ...


Eye on the Economy: Existing Home Sales Improving

Existing home sales increased 2.4 percent in July, tallying the fourth consecutive month of increase. While the pace of existing home sales remains 4.3 percent below the July 2013 rate, the steady improvement for resales is positive news for the ...


Mortgage Credit Availability Decreases Slightly in August

Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from the AllRegs® Market Clarity® product. ...


Buying a Multigenerational Home

(MCT)—Suppose you’re buying a home. And suppose, too, that you have an elderly parent or adult child who’d like to live in your home with you. Why not buy a home together as a family? ...


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