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Homes

In a hot market, companies compete with would-be homeowners

LOS ANGELES (AP) — Soaring home prices and rents are fueling real estate companies' appetite for houses, adding unwelcome competition for many would-be homebuyers. Residential real estate bought by companies or institutions hit an all-time high of 67,943 properties in the second quarter, ...

Our Red Handkerchief Promise reminds us of our heroes

Our red handkerchief promise is all about doing things right. We usually talk about it in terms of being thorough and detail-oriented while fixing your HVAC equipment. But, the red handkerchief promise is also about doing the morally right thing. No matter how much integrity we build, it is ...

US average mortgage rates rise slightly; 30-year at 2.88%

WASHINGTON (AP) — Average long-term mortgage rates were marginally higher this week as the recovering economy appeared stalled against the backdrop of a wave of new delta variant coronavirus cases. They remained under 3%. Mortgage buyer Freddie Mac said Thursday that the average rate for a ...

White House details plans to improve housing affordability

WASHINGTON — White House officials are outlining plans to build and restore more than 2 million homes, a response to the volcanic rise in housing prices over the past year. Millions of Americans are getting priced out of ownership or stuck spending the bulk of their income on rent. The ...

Mortgage rates unchanged from last week, remain under 3%

McLEAN, Va. — The average long-term mortgage rate was unchanged from last week as the economy continues to show encouraging signs even as hospitalizations from the delta variant of the coronavirus remain elevated. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year ...

US home prices soar at record pace in June

WASHINGTON — U.S. home prices jumped by a record amount in June as homebuyers competed for a limited supply of available houses, the latest evidence that the housing market remains red-hot. The S&P CoreLogic Case-Shiller 20-city home price index soared 19.1% in June compared with a ...

The secret bias hidden in mortgage-approval algorithms

The new four-bedroom house in Charlotte, North Carolina, was Crystal Marie and Eskias McDaniels' personal American dream, the reason they had moved there from pricey Los Angeles. A lush, long lawn, 2,700 square feet of living space, gleaming kitchen, and a neighborhood pool and playground for ...

Don’t fly too close to the sun: Tips for careful AC care

Have you heard the story of Icarus from Greek mythology? In order to escape a dangerous island Icarus’s father made him some wings out of wax and feathers. Icarus was warned to not fly too close to the sun, but did... typical teenager ;) The sun melted his wings, and he fell into the ...

Filter for your family. Filter for your home.

We all know how important it is to filter our thoughts before we speak. We’ve all had that moment when something slips through that filter and gets us into trouble. Sometimes one sentence can set a family’s relationship back for months. But sometimes we don’t know exactly how much to ...

Landlords look for an exit amid federal eviction moratorium

NEW YORK — When Ryan David bought three rental properties back in 2017, he expected the $1,000-a-month he was pocketing after expenses would be regular sources of income well into his retirement years. He also was counting on the rent money from the properties in Dupont, Pennsylvania, to ...