A month ago I bought a Sunbeam iron with a retractable cord at Target($35). I returned it because each time I turned it up on its heel, the steam stopped working when I turned it down again to iron until I banged it on the ironing board a few times. Also, it shut off too often and took too long to reheat. It was also heavier than I like to use once it had water in it.
Unfortunately, I then chose another Sunbeam iron ($18) that seems to have the same problem of needing to be banged on the ironing board a couple of times to get the steam going after it has been resting on its heel. It is lighter weight than the first one I returned and shuts off after a half hour of non-use, both features that I like.
I have an older Black and Decker iron that steams when it is supposed to and shuts off after an hour of non-use.