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Home Buying 101 Archive


U.S. Second Home Sales Increase – Lifestyle and Economical Benefits Attract Vacation Home Buyers

RISMEDIA, July 20, 2010—While some sectors of the economy struggle to regain solid footing, the vacation home market is enjoying healthy numbers. The National Association of Realtors' (NAR) 2010 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in the U.S. in 2009, shows vacation home sales rose ...


How Financial Reform Impacts Homeowners and Buyers

RISMEDIA, July 19, 2010—“Homeowners and buyers who are sitting on the sidelines should get moving today, unless they want to get blindsided by the impact of a new law,” said Gibran Nicholas, Chairman of the CMPS Institute, an organization that ...


Home Buyers Are Ready to Move from the Sidelines: Survey

RISMEDIA, July 15, 2010—Are more Americans positioning themselves for home purchase? Although May's data showed that home sales were down 26.8% as the home buyer tax credit concluded, a new survey conducted by Relocation.com suggests some families are opting for renting while they research—cash in hand—for deals on a new, ...


From Townhouse to Rental Studio: Downsizing Makes Sense

RISMEDIA, July 14, 2010—(MCT)—Courtney Zinter doesn't have a big house with rooms full of stuff, a fancy car or a manicure habit. But she still has it all. Just not how the Joneses next door would define it. With a ...


Prudential California/Nevada Realty Teams with Bank of America to Improve Home Buying Experience

RISMEDIA, July 8, 2010—Prudential CA/NV Realty announced an alliance with Bank of America Home Loans that will help streamline the home buying process for today’s home shopper. The alliance will span the company’s 33 offices through Northern California and Nevada. ...


Home Buyers Win More Time to Claim Tax Credit

RISMEDIA, July 7, 2010—(MCT)—President Barack Obama recently signed into aw a three-month extension on the deadline for home buyers to obtain a federal home buyer tax credit of up to $8,000. ...


Pending Home Sales Drop as Expected

RISMEDIA, July 6, 2010—Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the National Association of Realtors. ...


7 Things All Borrowers Should Know About FHA Loans

RISMEDIA, July 3, 2010—FHA Pros, LLC, a national FHA condo approval service, has developed a list of facts speaking to the top misconceptions associated with FHA loans in order to help home buyers better navigate an already confusing market. FHA ...


House Extends Home Buyer Tax Credit Closing Deadline

RISMEDIA, July 1, 2010—(MCT)—The House of Representatives introduced and passed a proposal to extend the original June 30 closing deadline for home buyers who want to get up to $8,000 in tax credits. ...


Foreclosure Homes Account for 31 Percent of All Residential Sales in First Quarter 2010, According to RealtyTrac

RISMEDIA, June 30, 2010—RealtyTrac, one of the leading online marketplaces for foreclosure properties released its first U.S. Foreclosure Sales Report, which shows that foreclosure homes accounted for 31% of all residential sales in the first quarter of 2010, and that the average sales price of properties that sold while in ...


Home Buyers Who Missed 8,000 Dollar Tax Credit Coming Out Ahead

RISMEDIA, June 29, 2010—(MCT)—Home shoppers who missed the April 30 deadline for a housing tax credit might have the last laugh. For a variety of reasons, they could end up saving more than the $8,000 they could have received from ...


Low Mortgage Rates Not Enough to Lure Potential Home Buyers

RISMEDIA, June 28, 2010—(MCT)—Mortgage rates have tumbled to record lows, but high unemployment and job jitters by still-working Americans mean the milestone is unlikely to attract enough borrowers to boost the unsteady housing market, economic and real estate professionals say. ...


Homes Shrink as Market Sinks

RISMEDIA, June 26, 2010—(MCT)—When the going gets tough, the houses get smaller. Or at least that's what data from the U.S. Census Bureau are suggesting. ...


As Tax Credit Expires, New Home Sales Sink

RISMEDIA, June 25, 2010—(MCT)—Sales of newly built U.S. homes collapsed in May 2010, the government said recently, falling to a record low and stirring concerns among some economists that the housing market would stumble again now that a popular federal ...


Home Buyers Who Missed 8,000 Dollar Tax Credit Coming Out Ahead

RISMEDIA, June 29, 2010—(MCT)—Home shoppers who missed the April 30 deadline for a housing tax credit might have the last laugh. For a variety of reasons, they could end up saving more than the $8,000 they could have received from ...


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