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Archive By Section - HOME SCENE


Must giftee pay IRS when property is later sold?

DEAR BENNY: In April 2001, a friend and I purchased a condo in California for $100,000. We are on title as tenants in common. My wife and I own 50 percent, and my friend owns 50 percent.

March 29, 2012 | By BENNY L. KASS Inman News | HOME SCENE


2012 outdoor living trends can easily update your patio or deck

More homeowners want their outdoor space to truly be an extension of their house and are taking steps to create an inviting area to relax, play and host guests. If you want to update your deck or patio for warm weather entertaining, you don't have to spend a lot of time or money. You can easily refresh the items you already have and add new stylish elements by keeping some top trends and design ideas in mind.

March 29, 2012 | | HOME SCENE


Is owning your own home worth it? Sit down and try to figure it out

Is owning a home really worth it?

March 23, 2012 | Dennis Wyatt | HOME SCENE


California home sales jump in February

SAN DIEGO (AP) - Home sales rose sharply in California last month as investors snapped up the lowest-priced properties, often paying cash, a research firm reported Thursday. Prices continued to fall.

March 22, 2012 | | HOME SCENE


Credit score can impact home purchase

Purchasing a home can be the most rewarding - and also the most frustrating - financial transaction of your life. Especially today, when the news is filled with stories about the great market conditions for buyers. One aspect of the home buying process that's often overlooked is the extra cost that interest from a home loan adds to the total price of the home.

March 22, 2012 | | HOME SCENE


US court freezes assets for 5 mortgage companies

WASHINGTON (AP) - A federal court has frozen assets at five California companies that are being investigated for trying to scam U.S. homeowners facing foreclosure.

March 22, 2012 | | HOME SCENE


Builders betting on brighter housing market

WASHINGTON (AP) - U.S. builders are betting that the housing market is finally on the path back to health.

March 22, 2012 | | HOME SCENE


Home re-sales complete best winter in 5 years

WASHINGTON (AP) - U.S. home sales are gradually coming back. A mild winter and a stronger job market have helped boost sales ahead of the crucial spring buying season.

March 22, 2012 | | HOME SCENE


Fed fines 8 US banks for alleged foreclosure abuse

WASHINGTON (AP) - The Federal Reserve said Monday that it plans to fine eight additional U.S. bank holding companies for improperly foreclosing on homeowners.

March 22, 2012 | | HOME SCENE


Rate on 30-year mortgages jumps above 4% for 1st time in five months

WASHINGTON (AP) - The average U.S. rate on a 30-year fixed mortgage rose above 4 percent for the first time in five months. The sharp increase suggests the window to buy or refinance a home at historically low rates is closing.

March 22, 2012 | | HOME SCENE


One day soon low mortgage rates will be seen just in rearview mirror

By now you have probably seen at least one AT&T commercial that talks about how fast their phone service is and how they use the expression "That's so 42 seconds ago"...Well that is pretty much the same thing that can be said for mortgage rates. Any advertising you see this week about rates is going to be off by more than ¼% because those ads per place more than a week ago.

March 22, 2012 | By DEBORAH ROMERO Special to the Bulletin | HOME SCENE


Must-knows before selling home to daughter

DEAR BENNY: I own two properties and would like to sell my current residence to my daughter and her husband, and move into the other. Its assessed tax value is about $150,000, but I'd like to sell it to them for about $200,000 interest-free. Both my houses are paid off so I don't need any down payment from them.

March 22, 2012 | | HOME SCENE


Designing your home office for maximum comfort & productivity

There's no doubt that we're a connected society - and connected like never before through email, social networks, video conference technology, instant messaging, smart phones, the list goes on. While this influx in connectivity has made it easier to do business, it has also blurred the lines between work and home life, resulting with many of us working in our homes at least a few hours each week. If your kitchen countertop has become your go-to place for paying bills, responding to emails and conducting business, it may be time to consider adding a dedicated office space in your ...

March 22, 2012 | | HOME SCENE


Five easy spring cleaning tips

Spring is here, which means one thing: it's time to get your home in tip-top shape. By completing a few easy tasks, you can spend more time soaking up the sun and less time on interior projects. Here are five ways to spruce up your home this spring to prepare for a relaxing summer - and give your home that "spring cleaning" feel without spending the entire spring, well, cleaning.

March 15, 2012 | | HOME SCENE


Some states saw spike in foreclosures

LOS ANGELES (AP) - Foreclosure activity surged last month across about half of the nation's states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo due to delays stemming from foreclosure-abuse claims.

March 15, 2012 | | HOME SCENE


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Articles by Section - HOME SCENE


Court upholds key tool for fighting bias

WASHINGTON (AP) - A sharply divided Supreme Court on Thursday preserved a key tool used for more than four decades to fight housing discrimination, handing a surprising victory to the Obama administration and civil rights activists.

June 26, 2015 | | HOME SCENE


Manteca program conserves water, energy

The Manteca City Council has launched the HERO Property assessed Clean Energy (PACE) Program.

June 26, 2015 | | HOME SCENE


Fastest rising rents in US? Try Jackson, Mississippi

WASHINGTON (AP) - Home rental prices are climbing across much of the United States - with the biggest gains coming from not from New York or San Francisco but Jackson, Mississippi, and Portland, Maine.

June 26, 2015 | | HOME SCENE


Open the door to fresh air

For homeowners who enjoy spending time outside, the doorway is an important architectural element that blends style and function to connect indoor and outdoor spaces.

June 26, 2015 | | HOME SCENE


Questions about using a reverse mortgage

Q: What is your opinion about a reverse mortgage? We are in our late 60s, have a small savings and an acceptable pension. Our home is free and clear and is worth approximately $400,000. We have seen some famous people raving about the concept on television, but we have some concerns whether this is right for us. Clara.

June 26, 2015 | | HOME SCENE


Putting farm, water use in perspective

Hey Real Estate Boys; We read your article last week on the water situation here in the Valley. While I agree with you that it's not a government conspiracy, there really is a drought and we all need to be aware of wasting water. I do take offense that farmers seem to feel they are entitled to just open gates and flood their fields and not cut back like the government is asking of us. If I read correctly, we've been asked to cut back 30% maybe more, maybe a little less. As I drive around I see ...

June 26, 2015 | | HOME SCENE


Average 30-year rate edges up to 4.02%

WASHINGTON (AP) - Average long-term U.S. mortgage rates were mixed this week, marking slight increases or declines but remaining close to high levels for the year.

June 26, 2015 | | HOME SCENE


Simple home safety improvement steps

Renovating a house can be a tough job. With so many details to consider, just knowing where to begin can be a challenge. But one consideration homeowners shouldn't skip is safety.

June 26, 2015 | | HOME SCENE


Brisk sales at Atherton means model homes are now for sale

By DENNIS WYATT

June 26, 2015 | Dennis Wyatt | HOME SCENE


‘THE ADDRESS’

Here's an interesting tidbit: Fifty percent of the home buyers at River Islands at Lathrop are coming from Mountain House and Tracy,

June 19, 2015 | Dennis Wyatt | HOME SCENE


Floor your house with design twists

Hardwood flooring brings enduring beauty, charm and value to a home. Not content to keep a good thing underfoot, inspired homeowners are now finding new and creative locations to use it for a dramatic effect.

June 19, 2015 | | HOME SCENE


Is your money going out of the windows?

One of the largest contributors to a home's energy efficiency is its windows. Energy-efficient windows can lower your energy costs and increase your home's comfort while reducing your carbon footprint and increasing your home's value.

June 19, 2015 | | HOME SCENE


California home sales rise; median price tops $400,000

IRVINE (AP) - California home sales continued their year-over-year rise last month as the state recovers from its housing slump. The median price of homes hit $401,000 statewide and $650,000 in the San Francisco Bay Area, a real estate research firm reported Thursday.

June 19, 2015 | | HOME SCENE


Kitchen designer tells all

When remodeling your kitchen, it can be tricky to know where to start. Certified Kitchen Designer MaryJo Camp has been there, in more ways than one. As a designer certified by the National Kitchen and Bath Association (NKBA), Camp has designed thousands of kitchens in her 35-year career – including her own. With a newfound personal understanding of remodeling challenges, Camp has pulled together her top tips for a successful kitchen revamp.

June 19, 2015 | | HOME SCENE


Average rate on 30-year loan drops to 4%

WASHINGTON (AP) - Average long-term U.S. mortgage rates eased this week after hitting their highest levels this year in the previous week.

June 19, 2015 | | HOME SCENE


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