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Consumer News and Advice Archive


NAHB Commends President’s Proposed Energy Efficiency Incentives

RISMEDIA, March 9, 2010—Home energy efficiency incentives proposed by President Barack Obama will create much-needed jobs and help make America more energy independent, according to the National Association of Home Builders (NAHB). ...


Buyers Shift More Firmly into Driver’s Seat during January 2010

RISMEDIA, March 8, 2010—For the second month in a row, home buyers across much of the country negotiated bigger discounts off the last listing price of homes than they had the prior month, according to new data from real estate website Zillow.com. ...


Home Sales Dip in January 2010

RISMEDIA, March 8, 2010—(MCT)—In another sign that the foundation of the U.S. housing recovery might be shaky, the number of homes placed under sales contract fell 7.6% in January 2010, according to a national index. ...


NAHB Reminds Home Buyers: Tax Credit Expiring Soon

RISMEDIA, March 5, 2010—The National Association of Home Builders (NAHB) wants potential home buyers to be aware that they still have the opportunity to take advantage of the $8,000 first-time home buyer or $6,500 repeat buyer tax credits, as long as they act quickly—the credits expire on April 30, 2010. ...


More Government Help Coming to Homeowners in California, Arizona, Nevada, Florida and Michigan

RISMEDIA, March 1, 2010—President Obama recently announced an additional $1.5 billion in homeowner aid for the areas of the country hardest-hit by declining home values. Florida, Michigan, Arizona, California and Nevada are the five states that will receive funds. ...


11.3 Million Homeowners Underwater on Mortgage

RISMEDIA, February 26, 2010—(MCT)—More than 11.3 million homeowners—nearly one-fourth of all Americans with a mortgage—owe more on their loan than their home is now worth, according to a report recently released by FirstAmerican CoreLogic. ...


C.A.R. Reports Entry-Level Housing Affordability Remained at 64 Percent in Fourth Quarter 2009

RISMEDIA, February 25, 2010—The percentage of households that could afford to buy an entry-level home in California remained at 64% in the fourth quarter of 2009, compared with 61% (revised) for the same period a year ago, according to a report released by the California Association of Realtors® (C.A.R.). ...


Obama Targeting Homeowners with $1.5 Billion in Assistance

RISMEDIA, February 23, 2010—(MCT)—Facing millions of foreclosures and high unemployment, President Barack Obama recently announced a $1.5 billion fund to help unemployed homeowners and other struggling borrowers in a handful of states. ...


Housing Starts Rise in January 2010

RISMEDIA, February 22, 2010—Nationwide housing production hit its strongest pace in the last six months this January, posting a 2.8% gain to a seasonally adjusted annual rate of 591,000 units, according to figures recently released by the U.S. Commerce Department. ...


Mortgage Modifications Up in January 2010

RISMEDIA, February 19, 2010—(MCT)—The number of mortgages with permanently lowered monthly payments under the Obama administration's foreclosure prevention program increased dramatically in January 2010. ...


Administration Hopes to Make Mortgage Modification Program More Effective

RISMEDIA, February 18, 2010—(MCT)—Experts fear a new wave of foreclosures will hit this year as prolonged unemployment makes it difficult for millions of homeowners to pay their mortgages—and many of them aren't likely to get much help from a federal program aimed at keeping them in their houses. ...


National Association of Realtors Launches New Consumer Website

RISMEDIA, February 18, 2010—The National Association of Realtors® (NAR) announced the launch of HouseLogic, a new, comprehensive consumer website about all aspects of homeownership. HouseLogic helps homeowners make smart decisions and take responsible actions to maintain, protect and increase the value of their homes. ...


Appraisal Management Companies Ready for New FHA Appraisal Rules

RISMEDIA, February 17, 2010—Title/Appraisal Vendor Management Association (TAVMA), the trade association that represents one of the nation's largest appraisal management companies (AMCs), said recently that its members are prepared to help lenders comply with the changes in appraisal ordering announced by the Federal Housing Administration (FHA) that went into effect ...


Design Dilemmas Solved

RISMEDIA, February 16, 2010—We gathered the most common questions about decorating with rugs, and then sat down with Lowe’s Vice President of Trend, Design & Brand Melissa Birdsong to find solutions that will work for your space. ...


Existing-Home Sales Surge in Most States in Fourth Quarter

RISMEDIA, February 15, 2010—Strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier, according to the latest survey by the National Association of Realtors®. ...


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