Use An Automatic Stirrer To Keep Foods From Burning And Pots From Scorching

It doesn't take much effort to stand over a pot and "stir continuously", as called for in some recipes. It can be tedious, though, and once a chef stops stirring or leaves a pot unattended, the recipe is sure to ruin.

Enter the automatic stirrer.

With its self-adjusting, self-centering blades, the Ardenté Gourmet Stirrer latches on to the side of most kitchen bowls, and does that stirring for you. The machine's constant blade-turning protects your milk-based recipes from burning; your sauce-based recipes from charring; and your temperate-sensitive sugars from caramelizing.

While it does its job, you're freed up to tend to other tasks in the kitchen, or to spend time with family around the house.

It protects your pots from scorching, too.

The Ardenté Gourmet Stirrer runs on 4 C batteries and can be run continuously, or intermittently. Its blades run at different heights to promote consistency, and are dishwasher-safe for easy clean-up.

You can buy the automatic stirrer in white or black on Ardenté's website, or on Amazon. It retails for $59.95.

New Home Sales Reach 8-Month High

Sales of new homes rose sharply in December, posting a 17.5 percent gain from the month prior.

According to the Department of Housing and Urban Development, New Home Sales climbed to 329,000 in December, besting November by close to 50,000 units on a seasonally-adjusted annual basis.

Last month's reading is an 8-month high for New Home Sales, and the latest in a series of signals that housing is improving in Atlanta and around the country.

Note that December's Existing Homes Sales and Building Permits reports also showed marked gains last month, climbing 12 percent and 6 percent, respectively.

Furthermore, an interesting pattern is emerging in the price points of home sales. The highest levels of relative growth are occurring within the "move-up buyer" segments. Entry-level price points are lagging the market, as a whole.

December's New Home Sales data breaks down by price point as follows:

• Homes under $200,000 : 36% of the market (-9% from November)
• Homes between $200,000-$299,999 : 32% of the market (+7% from November)
• Homes between $300,000-$499,999 : 27% of the market (+7% from November)

Luxury homes accounted for less than 5% of the newly-built home market, suggesting that Georgia homeowners are either not "buying new" as frequently, or are choosing to renovate their existing properties instead.

The 2010 housing market finished on a tear, and that momentum is carrying forward into 2011. Expect the spring season to show strongly, putting pressure on home prices to rise.

Coupled with rising mortgage rates, the long-term cost of homeownership is unlikely to be as low as it is today.

A Simple Explanation Of The Federal Reserve Statement (January 26, 2011 Edition)

Today, the Federal Open Market Committee voted 10-to-0 to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent.

In its press release, the FOMC noted that since December's meeting, economic growth is ongoing, but at a pace deemed "insufficient" to make a material impact on the jobs market. In addition, the Fed said household spending "picked up" late last year, although it continues to be held back by joblessness, tight credit and lower housing wealth.

This is similar to the language used in the FOMC's November and December 2010 statements.

Also like its last two statements, the Fed used this month's press release to re-affirm its plan to keep the Fed Funds Rate near zero percent "for an extended period", and to keep its $600 billion bond market support package in place.

And finally, of particular interest to home buyers and mortgage rate shoppers, for the second straight month, the Federal Open Market Committee's statement contained an entire paragraph detailing the Federal Reserve's dual mandate of managing inflation levels, while fostering maximum employment. 

The Fed acknowledges progress toward this goal, but calls that progress "disappointingly slow". Inflation is too low right now, and joblessness too high.

Over time, the Fed expects both measurements to improve.

Mortgage market reaction to the FOMC has been positive since the statement's release. Mortgage rates in Atlanta are unchanged, but poised to improve.

The FOMC's next scheduled meeting is a 1-day event, March 15, 2011.

The Home Price Index Shows Flat For November

Home values were reported unchanged in November 2010, on average, according to the Federal Home Finance Agency's Home Price Index. 

We say "on average" because the government's Home Price Index is a data composite for the country. The index doesn't measure citywide changes in places like Atlanta , nor does it get granular down to the neighborhood level.

Instead, the Home Price Index groups state data in 9 regions with each regions having as few as 4 states in it, and as many as 8.

Not surprisingly, each of the regions posted different price change figures for the period of October-to-November 2010.

A sampling includes:

• Values in the Pacific region rose +1.2%
• Values in the New England region rose +0.3%
• Values in the Mountain region fell -1.9%

The complete regional list is available at the FHFA website.

That said, none of these numbers are particularly helpful to today's home buyers and sellers and that's because everyday people don't buy and sell homes on the Regional Level. We do it locally and the government's Home Price Index can't capture data at that level.

It's a similar reason to why the Case-Shiller Index is irrelevant to buyers and sellers.

November's Case-Shiller Index showed home values down 1 percent in November, but that conclusion is a composite of just 20 cities nationwide -- and they're not even the 20 largest cities. Philadelphia, Houston and San Jose are conspicuously absent from the Case-Shiller list.

So why are reports like the Home Price and the Case-Shiller Index even published at all? Because, as national indicators, they help governments make policy, businesses make decisions, and banks make guidelines. Entities like that are national and require data that describe the economy as a whole. Home buyers and sellers, by contrast, need it locally.

Since peaking in April 2007, the Home Price Index is off 14.9 percent.

How To Renegotiate Your Credit Card Interest Rates To Something Lower

Credit card debt, left unchecked, can pile up quickly. Especially for debtors making minimum payments.  

According to the Federal Reserve, a credit card balance of $5,000 at 23.99 percent APR won't pay off for 16,127 years. That's one reason why it's important to manage your credit card rates, and renegotiate them whenever possible.

In this 4-minute piece from NBC's The Today Show, you'll learn the tested tactics that can cut a credit card rate, and get monthly payments to a more manageable range. And it's do-it-yourself -- no debt management firms required.

Some of the tips in the video include:

• Compare your current rate to the rate offered to new customers. Ask the lender for "new customer rate" if it's lower.
• If your credit score has improved since application, ask for an interest rate more reflective of your current credit score.
• Be nice to the customer service representative. Kindness helps.

Managing debt is an important part of household budgeting so if you're finding your credit card payments and/or rates too high for your liking, try following the instructions as described in the video. And, above all else, be persistent. The credit card companies won't likely approve your first request. 

How To Repair A Scratched CD, DVD, Or Game Disc

When your CDs, DVDs and game discs are "skipping", most times, a simple cleaning will set them right.

Make sure you clean your discs properly, though. Clean them the wrong way and you could damage your discs forever. You might also cause your electronic devices permanent damage.

There's lots of remedies for skipping CDs, DVDs, and game discs, but the following method is known to be reliable for all but the toughest scratches and dings.  First, you'll need some tools:

1. A flat surface
2. A soft, lint-free cloth
3. Specialized cleaning solution, or plain rubbing alcohol

Take the cloth and, holding the disc between your thumb and forefinger, wipe from the center to the edge in a straight line. Repeat this step until you've removed all of the surface dust from the disc.  Next, apply the cleaning solution (or rubbing alcohol) to the cloth directly and wipe the disc in the same manner -- from center to edge.

Lastly, lay the disc flat and allow it to dry.

If the above method does not repair your disc(s), consider an off-the-shelf, disc repair system for more heavy-duty scratches. Disc repair products can look expensive with prices tags as high as $60, but as compared to the cost of buying new music, movies, or games, the investment could make sense. Just make sure to read product labels for their limitations before purchasing.