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Meet Your New Neighbor: Single Female Homeowners Invade Millennial Marketplace
Tyesha Boudreaux recently made arguably one of the biggest purchases of her life: her very first home. Like many Millennials, Boudreaux, 28, grew tired of paying the apartment rent increases that accompanied each renewal. “Rather than throw money away, I thought ‘why not invest in a home that I could possibly sell down the line?’” [...] Continue reading
Consumer 101: What You Should Know Before You Buy a Home
If you have cable television, you're likely not a stranger to the myriad of shows that center on home buying. Programs like House Hunters, Property Virgins, and My First Place streamline the home buying process into a rough 30 minutes, during which the difficult decisions homebuyers face are compressed, simplified, and ultimately resolved. Though these [...] Continue reading
CPSC Warns Mobile Home Residents to Inspect Furnaces
If you live in a manufactured home built between 1995 and 2000, the US Consumer Product Safety Commission recommends a careful inspection of your furnace. The CPSC issued a recall on Coleman, Coleman Evcon and Red T Gas furnaces, which may pose a fire risk in manufactured homes. The recall, previously announced in November 2004, [...] Continue reading
Healing Economy? State Farm to Hire 3,000 New Employees
In a possible indication of economic recovery, insurance giant State Farm announced they are hiring nearly 3,000 employees, replacing many positions left vacnt during the recession. State Farm spokeswoman Holly Anderson told Insurance Journal that the job vacancies were not the result of previous company-wide layoffs, rather the insurance provider chose to keep vacated positions [...] Continue reading
Judge Rules Freddie Mac May Have to Pay Up for Title Insurance
Home mortgage giant Freddie Mac may have to pay the piper for a homebuyer's title insurance policy, according to a report published by the Courthouse News Service. Rebecca Urban purchased a foreclosed Lancaster, Mass., property in 2010 from the Federal Home Loan Mortgage Corporation (Freddie Mac) in a public sale. The dispute stems from an [...] Continue reading
Existing-Home Sales Rise in December
The National Association of Realtors reported Friday that existing-home sales rose in December for the third month in a row. The pace was also above Dec. 2010. The newest data shows reveals total existing-home sales rose 5 percent to a seasonably adjusted annual rate of 4.61 million in Dec. This follows on the heels [...] Continue reading