Consumer News and Advice Archive


First-Time Homebuyers Buoy Real Estate Market

Thursday, October 1st, 2009
RISMEDIA, October 2, 2009—(MCT)—The housing market is getting a much-needed boost as first-time homebuyers rush to take advantage of an $8,000 federal tax credit that is set to expire Nov. 30, 2009.  The incentive is helping to slow the decline in home sales. In August, sales were down 1% over the comparable period last year, the smallest year-over-year decline in any month since late 2007. As Congress considers extending the credit, real-estate agents and home builders worry sales could slump again if it's allowed to expire.


Time Expiring on Home-Buying Tax Credit

Wednesday, September 30th, 2009
RISMEDIA, October 1, 2009—(MCT)—Realtors are bracing- make that hoping- for a flurry of activity in the next few weeks as a tax credit


Early 401k Withdrawals Thwart Long-Term Goals

Wednesday, September 30th, 2009
RISMEDIA, October 1, 2009—(MCT)—A forthcoming federal report on retirement savings recommends easing a penalty for hardship withdrawals from 401(k) plans


Credit Woes to Threaten Housing Recovery?

Tuesday, September 29th, 2009
RISMEDIA, September 30, 2009—Nearly two-thirds of single-family home builders are reporting a severe lack of credit for housing production, threatening the fragile housing recovery before it has time to take hold, according to a new builder survey of acquisition, development and construction (AD&C) financing conducted by the National Association of Home Builders (NAHB).  “Across the country, home builders and developers are reporting a deterioration in credit availability and intensifying pressure on borrowers with outstanding loans,” said NAHB Chairman Joe Robson, a home builder from Tulsa, OK.


Consumer Confidence Slips in September

Tuesday, September 29th, 2009
RISMEDIA, September 30, 2009—(MCT)—The U.S. consumer confidence index fell in September as Americans grew more concerned about the economy, their job prospects and their incomes, the Conference Board recently reported.  ...


Regional Spotlight: Florida’s Existing Home, Condo Sales up in August

Monday, September 28th, 2009
RISMEDIA, September 29, 2009—Florida’s existing home sales rose in August 2009– marking a full calendar year (12 months) that sales activity increased


Op-Ed: 60 Million Mortgages May Have Fatal Flaws

Monday, September 28th, 2009
RISMEDIA, October 5, 2009—The latest chapter in the mortgage meltdown is being written in court, as one by one, judges are putting a halt to foreclosures.


$2 Million Difference between Homes in Most Expensive and Most Affordable Market, According to Coldwell Banker Home Price Comparison Index

Monday, September 28th, 2009
RISMEDIA, October 5, 2009—The 2009 Coldwell Banker® Home Price Comparison Index (HPCI) recently released found a price gap of more than $2 million


The Possible Impact and Real Cost of Extending the First–Time Homebuyer Tax Credit

Sunday, September 27th, 2009
RISMEDIA, September 28, 2009—A recent survey conducted by Zillow in conjunction with Harris Interactive asked prospective first-time homebuyers how an extension


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