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News
US homebuyers turn to riskier mortgages as higher rates drive applications down
8+ hour, 36+ min ago (528+ words) Higher mortgage rates are affecting more than the housing market's pace. They're also nudging some borrowers toward loans that look cheaper at the start but may cost more later. As Realtor.com reported, the shift is emerging as mortgage demand…...
In-elevator ad screens trigger backlash, with some consumers vowing to avoid featured brands
6+ day, 2+ hour ago (478+ words) "Just seeing this fills me with rage." A Reddit post showing a screen inside an elevator struck a nerve with users who said advertising is creeping into yet another captive moment of daily life — and making some consumers less likely…...
Pennsylvania credit union board member accused of using elderly woman's $1M on Kentucky hunting lodge
1+ week, 6+ day ago (339+ words) "By September 2021, Brenner allegedly depleted almost all of the funds from the account." Federal authorities have charged a Pennsylvania credit union board member with allegedly taking more than $1 million from an elderly woman and using the money to buy a…...
Houston renters can now claim money from $360 million settlement in alleged rent-fixing case
2+ week, 1+ day ago (358+ words) Renters across nearly 50 major metro areas may have paid about 2% to 13% more than they otherwise would have. Some Houston-area renters may be in line for compensation from a proposed $360 million settlement tied to claims that large apartment owners and managers…...
New York City renters sue real estate giant, saying StreetEasy listing pullback inflated rents
2+ week, 2+ day ago (492+ words) This suit arrives in the middle of Compass' clash with Zillow over online listing control. Compass is facing a lawsuit from two New York City renters who said its decision to take listings off StreetEasy has made the city's costly…...
Dallas woman skips groceries to keep the power on as summer electric bill tops $500
2+ week, 5+ day ago (529+ words) For Dallas resident Ines Cervantes, summer electricity bills have become a painful balancing act as prices surge across the state. According to The Dallas Morning News, the 69-year-old said her usual bills had been about $275 to $350 before they jumped to…...
Texas city's draft budget could raise average utility bills by nearly $7 a month
2+ week, 6+ day ago (459+ words) An average utility bill in Waco, Texas, could increase by about $6.81 a month under the city's draft budget, according to the Waco Tribune-Herald. When the new budget year starts Oct. 1, utility costs are projected to rise on average. For single-family…...
Los Angeles' young homeowners are increasingly mortgage-free, hinting at inherited wealth
2+ week, 6+ day ago (570+ words) The share of homeowners younger than 45 without a mortgage has increased by 27%. In Los Angeles, buying a home is becoming increasingly difficult, and for many younger homeowners, the route to ownership appears to be tied less to wages and more…...
Arizona sues real estate company, alleging fraudulent and predatory practices that cost families thousands
3+ week, 1+ day ago (397+ words) "Arizona homeowners who fell victim to MV Realty's deceptive sales practices were trapped." Arizona Attorney General Kris Mayes is taking aim at a real estate company she says used predatory tactics to tie up homeowners' properties with costly restrictions. In…...
Texas report finds home insurance puts median-priced homes out of reach for two-thirds of households
3+ week, 1+ day ago (333+ words) Households across the state are having to devote more of their income to housing. For many Texans, the price of a house is no longer the only number determining whether homeownership is within reach: A new housing report found that…...