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☆ Home equity is 'not like bread,' expert says — 'It won't go stale.' Here's when it makes sense to tap it
▼ + stars: | 2024-08-13 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

Using home equity is "certainly a less expensive borrowing option than resorting to personal loans or credit cards," McBride said. As of August 7, the current average home equity loan interest rate is 8.59%, according to Bankrate. The average HELOC interest rate is 9.37%. To compare, the average personal loan interest rate is 12.38% , Bankrate found. The average credit card interest rate stands at 24.92%, according to LendingTree.

Persons: Iuliia, McBride, Bankrate, Houzz, Jessica Lautz, We've Organizations: Houzz, National Association of Realtors, NAR Locations: U.S

☆ Gen Zers are willing to buy fixer-upper homes. Some already regret the decision, new report finds
▼ + stars: | 2024-07-11 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

About one in five Gen Zers, or 22%, say a lack of affordable starter homes poses as a barrier towards homeownership, according to a new report. Some believe fixer-upper homes might be the answer to the issue. More than half, 57%, of Gen Zers polled said they are willing to put an offer on a fixer-upper, according to a new report by Clever Real Estate. The site surveyed 1,000 Gen Z adults 18 and older; 126 were homeowners and the remaining 874 do not own a home. To that point, of the 40% of Gen Z homeowners who did buy a fixer-upper, about 27% regret it, the report found.

Persons: Gen Zers, Jaime Dunaway, Seale, Marine Sargsyan Organizations: Finance, Marine

☆ Instagrammable laundry rooms are the latest luxury status symbol of rich millennials
▼ + stars: | 2023-10-01 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Instagrammable laundry rooms have become a new luxury status symbol for millennial homeowners. AdvertisementAdvertisementRich millennials are starting to splurge on a space in the home that has previously been neglected and hidden from guests – the laundry room. Homeowners increased spending on laundry rooms by 33% in 2021, according to a 2022 survey by Houzz, an interior design website connecting homeowners with renovation professionals. On social media, upscale laundry rooms are decked out with colorful tiles, marble counters, tongue and groove wall paneling, expensive hardware, an abundance of storage space, and even dog showers in some cases. Others are taking it up a notch with nearly $30 luxury laundry detergents from brands like The Laundress and of course, the firm favorite – the $40 Aesop handwash, perched by the butler sink.

Persons: They're, —, Rich millennials, There's, Sarah Davies, Kate Guinness, there's, they've, Dina Bandman, Nina Magon, Priscila Forster, Forbes, Perrin, Rowe, pricey Organizations: Service, Instagram

☆ Instagram popularized the perfect home. Virtual design services make affording it possible
▼ + stars: | 2023-02-26 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

A renovated apartment in New York City after The Expert consultation sessions with designers Jessica Gersten and Athena Calderone. Aside from bingeing Netflix, creating the picture-perfect home may have been the pandemic's most popular habit. More from Personal Finance:How to figure out what you can spend on rentWhat is a 'rolling recession' and how does it impact you? Few Americans can afford the high-end look depicted online, which often comes with the help of an A-list designer and hefty budget. "It's a time-consuming and overwhelming process for a lot of homeowners," said Wayne Gao, co-founder and CEO of Australia-based Furnishd, which offers virtual consultations for $850 per room or $3,250 for the whole house.

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SKIP AHEAD Best Black Friday salesTo help you make the most of the shopping holiday ahead, we compiled some of the best Black Friday deals and sales that we think you’ll want to know about. Best Black Friday 2022 deals across retailersBelow, we’re sharing the best Black Friday deals based on our previous coverage and reporting. 4.7-star average rating from 10,037 reviews on AmazonOral-B makes some of our favorite electric toothbrushes. Best Walmart Black Friday deals4.8-star average rating from 103 reviews at WalmartTineco’s S10 Cordless Smart Stick Vacuum is one of the brand’s newest models. Best Black Friday 2022 sales across retailersHere are the best Black Friday sales that we think you’ll want to know about.

☆ Laid-off tech workers could get $100,000 to start their own companies from this VC firm
▼ + stars: | 2022-11-15 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

In just two weeks, tens of thousands of people have lost their jobs in Silicon Valley after Twitter, Meta, Stripe and other tech companies laid off double-digit percentages of their workforce. Bucher leveraged the skills and connections from her blossoming tech career to start Day One Ventures just four years later. The firm has raised about $100 million, investing that money in over 100 companies and spearheading their communication strategies. Day One Ventures' portfolio includes a diverse range of businesses, from email tool Superhuman to parenting website Winnie. "I hope we are doing something more than just giving tech workers hope," Bucher says.

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