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Home truths: know before you buy.(Have You Heard?)
You can't get more direct than this e-mail we received from Maria Rosenfeld of Miami: "I'm a first-time home buyer and need help on getting started. I don't know how to buy a home. What are the steps I need to follow?"
Even if you've been in the real-estate game before, today's market is confounding. An estimated 1.1 million homes are in foreclosure, the most since 1979. And it's not just subprime mortgages that are a problem; the default rate for borrowers who qualified for prime loans is climbing as well.
"Buying, Selling, Remodeling," on page 16, offers advice for consumers who face a variety of scenarios in today's fragile housing market. Sellers are obviously in a tough position. And we've been hearing how great it is to be a buyer right now and how it may be a good idea for investors to pick up a house or two while prices are low. I turned to our finance editors at CONSUMER REPORTS, our finance advocates at Consumers Union, and experts at other consumer groups for their advice. They had strong words of caution.
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A home is to live in. For most people, seeing real estate as an investment that will surely appreciate is risky business. For one thing, while prices are already down in many parts of the country, they might go lower. So the cheap house you buy now could still sink in value. And while ...
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- Press release article from: Business Wire May 19, 2003 700+ words
...with the lower court decision that Consumers Union (CU) should have been granted summary...of the 9th Circuit's ruling." Consumers Union, the publisher of Consumer Reports...Suzuki v. CU In Suzuki of Japan v. Consumers Union of U.S., Inc., CU has based...
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...a lower court ruling in the Suzuki v. Consumers Union case. Consumers Union (CU) had petitioned the U.S. Supreme...report about safety and health," said Jim Guest, President of Consumers Union, the nonprofit publisher of Consumer...
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- Press release article from: Business Wire November 3, 2003 700+ words
...a lower court ruling in the Suzuki v. Consumers Union case. Consumers Union (CU) had petitioned the U.S. Supreme...report about safety and health," said Jim Guest, President of Consumers Union, the nonprofit publisher of Consumer...
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...wireless devices less useful, but e-mail in general, as people are trusting it less,'' said James Guest, president of Consumers Union, in testimony for a Senate Commerce Committee hearing. Guest said mobile-phone carriers may be contributing...
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- The case against moving departments offshore. (Looking Inside).(growth of...
- Magazine article from: Westchester County Business Journal Klein, Ed June 2, 2003 700+ words
...have agreed with the lower court decision that Consumers Union should have been granted summary judgment and...warrant a trial before a jury," said Jim Guest, president, Consumers Union (CU), based in Yonkers. Judge Kozinski...
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- Press release article from: Business Wire June 5, 2007 700+ words
...System Change; Robert C. Gross, President and Chief Executive Officer, Blue Healthcare Bank; Jim Guest, President, Consumers Union; Dean Mason, President and CEO, Exante Financial Services; Charles "Chuck" Peck, MD, Chief Medical...
- Highlights of Next Week's World Health Care Congress.
- Press release article from: PR Newswire April 13, 2006 700+ words
...Chairman and CEO, UnitedHealth Group, John J. Brennan, Chairman and CEO, The Vanguard Group, Jim Guest, President, Consumers Union ISSUES: Innovations and information to improve consumer choice and improve patient outcomes; Lessons...
