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Consumer News and Advice Archive


Hot Property: Bruce Willis Decides His Beverly Hills Mansion Is Expendable

(MCT)—Bruce Willis has sold his walled and gated mansion in Beverly Hills for $16.5 million. ...


Eye on the Economy: Existing Home Sales Improving

Existing home sales increased 2.4 percent in July, tallying the fourth consecutive month of increase. While the pace of existing home sales remains 4.3 percent below the July 2013 rate, the steady improvement for resales is positive news for the ...


Mortgage Credit Availability Decreases Slightly in August

Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from the AllRegs® Market Clarity® product. ...


Buying a Multigenerational Home

(MCT)—Suppose you’re buying a home. And suppose, too, that you have an elderly parent or adult child who’d like to live in your home with you. Why not buy a home together as a family? ...


Your Place: Breathe Easier, It’s Mold Awareness Month

(MCT)—It’s rare that I catch one of these “specialty” months while it's still ongoing, but today I’m right on top of September as Mold Awareness Month. ...


Interest Rates Little Changed on New Home Loans

On August 28, the Federal Housing Finance Agency (FHFA) reported that, overall, mortgage interest rates were flat in July. To a large extent, the same was true for the subset of loans used to purchase new homes. Between June and July, the average contract interest rate on conventional mortgages for ...


How Many Homes Fit on a Football Field?

Given that single-family homes have been generally getting larger, it may be tempting to assume that the lots they’re sitting on are getting larger as well. However, according to the Census Bureau’s Characteristics of New Single-Family Houses Sold, the opposite is closer ...


Your Place: Get Home Prepared Well before Hurricane Strikes

(MCT)—Three years ago, my family and I drove overnight from Maine to New Jersey, trying to get home ahead of Hurricane Irene. ...


Improving Economy Slowly Brightens Outlook for Commercial Real Estate

The strong rebound in economic growth during the second quarter and ongoing job creation are gradually improving the outlook for all of the major commercial real estate sectors, according to the National Association of REALTORS® quarterly commercial real estate forecast. ...


Speakers Announced for RISMedia’s Power Broker Forum

Attendees at this year’s NAR Annual Conference and Expo will have a special opportunity to hear several of the nation’s most successful industry leaders break down their strategies for success at RISMedia’s 19th annual Power Broker Forum, titled, “Power Broker Strategies for Enhancing the Consumer Experience.” ...


Tips to Make a Smooth Back-to-School Transition

(MCT)—Gearing up to go back to school can be hectic. It can take some time for families to feel comfortable with their new schedule. Starting the new routine before school begins can help families ease back into the school year. These simple ...


U.S. Negative Equity Falls to 17 Percent

One in six (17 percent) U.S. homeowners with mortgages – or 8.7 million – were still underwater on their mortgage in the second quarter of 2014, despite rising home values, according to the Zillow® Negative Equity Report. This is down from ...


Beware, Mortgage Scammers on the Rise Again

(MCT)—For years, it was “the Wild West” of real estate scams. ...


New Home Sales Hesitate

New home sales fell another 2.4 percent to an annual rate of 412,000 in July, down 10,000 from an upwardly revised June figure of 422,000. The last three months of sales averaged the same as the annual figure for 2013 at 429,000—but in contrast to the first two months of ...


Recovery Will Continue: A Perspective of the U.S. Residential Housing Market

Editor’s Note: The following is a perspective on the housing market recovery provided by HomeServices of America. ...


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