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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


Keep man cave top of mind when choosing a new home

It used to be that the man's room -or man cave- was relegated to the basement or the garage. Now homes are being designed with the man cave already in mind to give men a place to call their own.

May 15, 2015 | | HOME SCENE


New condos in Patterson in low $200,000s

PATTERSON - Ivy Terrace is Patterson's first gated "for sale" condominium community.

May 15, 2015 | | HOME SCENE


Why buyers face a tough spring

LOS ANGLES (AP) - Eager to buy your first home this spring? Already own, but want to trade up? Be warned: there'll be plenty of competition

May 15, 2015 | | HOME SCENE


Spring project breakdown

As a kickoff to home improvement season, there are many home updates homeowners are undertaking. But before you grab your toolkit or enlist the help of a professional, do your wallet a favor, and conduct a little research.

May 15, 2015 | | HOME SCENE


Four steps to find your home’s perfect patio door

Do you feel like your house could use more natural light to brighten and warm your favorite spaces? Patio doors offer unobstructed views that flood your home with natural light and provide convenient access to the outside.

May 15, 2015 | | HOME SCENE


Dream outdoor kitchens

It often starts as a blank spot on the patio, usually somewhere just outside the back door. Then come the "things" to fill the spot. There's so much to consider that it gets difficult to make a decision.

May 08, 2015 | | HOME SCENE


Average 30-year mortgage rises to 3.8 percent

WASHINGTON (AP) - Average long-term U.S. mortgage rates are up this week to the highest level since mid-March.

May 08, 2015 | | HOME SCENE


Seeking advice on buying first home

Hey you Real Estate Boys: There's a lot going on my/our lives in the coming months. First and most importantly we will be getting married right after we both graduate in May, from Stanislaus with our respective degrees. We both have good jobs in this area and are looking forward to becoming old and boring and raising a family. "She is so brilliant." So, being the conservative future couple we'd like to make sure we start our lives on the correct foot/feet. And that, sirs, is our question. How does a young couple start a life ...

May 08, 2015 | | HOME SCENE


Fannie Mae posts $1.9B profit for quarter

WASHINGTON (AP) - Mortgage giant Fannie Mae says it had net income of $1.9 billion for the first quarter. That's sharply down from the same period a year ago due to lower fee income and larger losses on investments used to hedge against swings in interest rates.

May 08, 2015 | | HOME SCENE


Building tiny houses into big help for Los Angeles’ homeless

LOS ANGELES (AP) - Shortly after Elvis Summers befriended Irene McGhee, he learned she was sleeping on the streets of South Los Angeles.

May 08, 2015 | | HOME SCENE


UP, UP & AWAY

WASHINGTON (AP) - More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities.

May 01, 2015 | | HOME SCENE


$100M FOR A HOME?

WASHINGTON (AP) - The poshest of luxury homes are acquiring the cachet of a masterwork by Picasso or Matisse.

May 01, 2015 | | HOME SCENE


Tips for perfect home laundry, every time

Keeping your wardrobe and entertaining linens fresh and clean is no easy task – from fitting your laundry routine into your lifestyle to removing the toughest stains from your bright whites.

May 01, 2015 | | HOME SCENE


Add quality & comfort to your favorite rooms

When considering a home renovation, think outside the box for design inspiration and setting the overall tone.

May 01, 2015 | | HOME SCENE


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