House Prices Sink To Lowest Level Since 2002

House Prices Sink To Lowest Level Since 2002

House prices are dropping like game-winning Derrick Williams and-ones, reportedly now sinking in February to an average of $156,100, the lowest point since 2002.

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Reasons It's Not So Great To Own A Home Free And Clear

Reasons It's Not So Great To Own A Home Free And Clear

If you’ve signed your life away on a mortgage, you’ve probably dreamed of tossing that paperwork into the shredder after you’ve made the final payment. But outright ownership isn’t all positive.

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Rich People: More Likely To Default On Mortgages Than You Are

Rich People: More Likely To Default On Mortgages Than You Are

Are you a fancy person? Then you have a 1 in 7 chance of defaulting on your mortgage, says a new study of data compiled for the New York Times. Those of you with mortgages of less than a million dollars only have a 1 in 12 chance of defaulting, the paper says.

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Top 10 Cities Where Owning Is Cheaper Than Renting

Top 10 Cities Where Owning Is Cheaper Than Renting

As home prices continue to stagnate in many markets across the country, renters are facing some tough choices: should they take advantage of low prices and make the move into home ownership, or wait a while longer, on the chance that the market hasn’t yet hit bottom? In some cities, the choice is easier: prices have fallen so much that it’s cheaper to buy than it is to rent.

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Buy A Home, Get Free Can Of Food

Buy A Home, Get Free Can Of Food

As if the $8,000 tax credit for first-time home buyers wasn’t enough, Clayton Homes, a Tennessee-based seller of manufactured, modular, and mobile homes, is offering a little something to sweeten the deal: a can of pork and beans.

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How To Buy A Foreclosed House (That You Might Actually Want To Live In)

How To Buy A Foreclosed House (That You Might Actually Want To Live In)

Buying a foreclosed home may seem like a great deal, since the bank that’s selling it would rather unload it at a loss than stay on as owner. But foreclosures come with a lot of risks — including vandalism by former owners or theives who strip vacant homes of just about anything that isn’t bolted down — and even things that are (you know, like toilets).

Over 5 Million Window Treatments Recalled Today, While Nation's Peeping Toms Celebrate*

Over 5 Million Window Treatments Recalled Today, While Nation's Peeping Toms Celebrate*

Three children have died after being strangled in the cords of window blinds, so today six companies announced a massive recall of several brands of window treatments.

Crazy Landlord Fights Heat Wave With Air Conditioning Ban

Crazy Landlord Fights Heat Wave With Air Conditioning Ban

An Oregon landlord refuses to let his tenants install air conditioners because he thinks they “look tacky.” Tenants of the Arbor Creek complex in Aloha who choose to sacrifice aesthetics for comfort have ten days to correct their mistake before facing eviction. One tenant’s kid already landed in the hospital thanks to heat stroke.

Save On Cooling Costs By Installing A White Roof

Save On Cooling Costs By Installing A White Roof

The New York Times says a white roof on your house “can cost as little as 15 percent more than its dark counterpart” yet “reduce air-conditioning costs by 20 percent or more in hot, sunny weather.” This is because, scientifically speaking, the color white hates the stupid sun and won’t have anything to do with it.

Ask The Consumerists: A House Divided Forgot Its Permits

Ask The Consumerists: A House Divided Forgot Its Permits

Jeffrey and his wife found their dream house. Except they failed to realize the difficulty that one tiny problem with the house might give them. The difficulty? Well, the previous owners doubled the size of the house. Only they sort of forgot to get permits for any of the additions or renovations.

25 Towns Where Homes Are Affordable

25 Towns Where Homes Are Affordable

CNNMoney has a list of 25 towns where the price of a house isn’t much more than the median family income. Guess where they all are?

https://consumerist.com/2009/06/19/use-this-calculator-to-figure/

Use this calculator to figure out just how much paint you need for your room. [MyHomeIdeas.com via Lifehacker]

"We Build In Middle Class Neighborhoods Because You Can't Afford To Fight Us"

"We Build In Middle Class Neighborhoods Because You Can't Afford To Fight Us"

Meet Michelle. We met Michelle at Arbitration Fairness Day and she told us about being forced into arbitration when she tried to get her poorly constructed home repaired. Now she’d like to share her story with you.

Daylight Savings Can Save You Money

Daylight Savings Can Save You Money

Congress will sneak into your bedroom tonight and steal a precious hour of sleep, but you don’t need to take the theft lying down. Get up tomorrow and use a few tips from Consumer Reports to steal back some hard-earned cash.

Texas Family Sad That The Buyer Of All Their Possessions On eBay Will Pay But Not Take Their Stuff

Texas Family Sad That The Buyer Of All Their Possessions On eBay Will Pay But Not Take Their Stuff

Meet Gregg and Brittiny Peters. They’ve had a pretty terrible year. Two of their children were diagnosed with costly medical disorders, and as the bills began to mount, they decided to start over by selling all their worldly possessions on eBay. Enter Donnia and Keith Blair, who upon learning of the Peters’ plight, bid $20,000 and won the auction. Here’s the catch: the Blair’s are willing to pay, but they don’t want to take any of the Peters’ things. This has apparently infuriated the Peters.

Escape The Rat Race With A Tiny House

Escape The Rat Race With A Tiny House

It’s not just supermarkets that are shrinking—you can also build yourself a 90-square-foot house to shack up in with your hunched-over spouse and children. You’ll save money! You’ll save the environment! Relatives will never expect to be given free room and board when they come to visit!

https://consumerist.com/2008/04/18/apparently-buying-a-house-you/

Apparently, buying a house you can afford and fixing it up with a modest loan and money that you earned through gainful employment is rare enough to warrant a 3-page profile in the NYT. [NYT]

Mortgage Meltdown Woes Spread To Home Builders

Mortgage Meltdown Woes Spread To Home Builders

Bill Whitlatch, longtime owner of one of the leading home builders here in northeast Ohio, is among the casualties. Three years ago, he borrowed from regional banks to start six developments in the Cleveland area. Soon the region’s home market turned cold. Buyers vanished. Mr. Whitlatch drained his personal savings of $2 million to keep his company going.