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Home Buying 101 Archive


If These Walls Could Talk – How Do Home Inspections Provide Buyers Protection through Home-Buying Process?

RISMEDIA, June 24, 2010—As we continue to see record numbers of foreclosures across the country, Dan Steward, president, Pillar To Post, is making it his priority to educate the public about the proliferation of homes used as drug labs (specifically, ...


May 2010 Shows a Continued Strong Pace for Existing-Home Sales

RISMEDIA, June 23, 2010—Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of Realtors. Gains in the West ...


First-Time Home Buyers: Tips to Make Your House a Home

RISMEDIA, June 21, 2010—After getting the keys to their new homes, many first-time home buyers are excited about finally having the opportunity to personalize and furnish their new house. From coffee tables to lamps to lawnmowers, many previous renters leap ...


Home Size Continues to Decline; Buyers Increasingly Opt for Single-Story Homes

RISMEDIA, June 19, 2010—The size of new single-family homes completed declined last year, dropping to a nationwide average of 2,438 square feet, according to detailed information about the characteristics of new homes completed in 2009 that was released recently by ...


Fannie Mae Launches New Series of ‘Five-Step’ Guides to Help Educate Homeowners and Potential Home Buyers

RISMEDIA, June 19, 2010—Fannie Mae recently launched the first three in a series of “Five-Step” guides, offering useful information for current homeowners, those interested in purchasing a home and homeowners who may be struggling with their current mortgage. Each guide focuses on a different topic and provides five specific tips. ...


Builders Put Brakes On New Homes as Tax Credit Expires

RISMEDIA, June 18, 2010—(MCT)—Residential-construction starts fell in May 2010 to their lowest level in a year, as an anticipated slowdown in sales after the expiration of the home buyers' tax credits took hold of the market. ...


Price Reductions Unchanged as Sellers Wait to See How Aggressive Buyers are during Summer Season

RISMEDIA, June 18, 2010—Trulia.com, smart real estate search to help you make better decisions, recently announced that 22% of listings currently on the market in the United States as of June 1, 2010 experienced at least one price reduction, which is a slight decrease from 23.6% in June 2009. The ...


Home Size Continues to Decline; Buyers Increasingly Opt for Single-Story Homes

RISMEDIA, June 16, 2010—The size of new single-family homes completed declined last year, dropping to a nationwide average of 2,438 square feet, according to detailed information about the characteristics of new homes completed in 2009 that was released recently by ...


Realtors Moving to Avert Tax Credit Crisis

RISMEDIA, June 15, 2010—Alexander E. Perriello III, president and chief executive officer of the Realogy Franchise Group, said real estate industry leaders are asking Congress to extend the June 30 closing deadline imposed by the Worker, Homeownership and Business Assistance ...


Pending Home Sales Surge Continues

RISMEDIA, June 7, 2010—Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors. ...


Luxury Homes Languish as Wall Street Pinches Wealthy

RISMEDIA, June 5, 2010—(MCT)—Looking for a bargain? Actor Eddie Murphy's 30-room Englewood, N.J., mansion, which went on the market in 2004 for $30 million, can be yours for $12.75 million. ...


Regional Spotlight: Connecticut Home, Condo Sales Post Strong Gains in April 2010

RISMEDIA, June 2, 2010—Sales of single-family homes in Connecticut soared 41% in April 2010 from a year earlier, while condo sales spiked 51%, according to a new report by The Warren Group, publisher of The Commercial Record. The median price ...


First-Time Home Buyers and Boomers Feel Effects of Housing Downturn Most

RISMEDIA, June 1, 2010—(MCT)—Although the situation is open to interpretation as well as change, there are growing concerns that the effects of this economic downturn could have a long-lasting effect on the housing market. ...


Considering New Construction? Top 5 Tips for Buying a Newly Built Home

RISMEDIA, June 1, 2010—Newly built homes, often in recently-developed communities, are regaining popularity and are more affordable than in years past. New homebuilders are using desirable, open floor plans and are helping buyers get into new homes despite the nationwide ...


Regional Spotlight: Bay State Home, Condo Sales Surge by Double-Digit Percentages in April 2010

RISMEDIA, May 28, 2010—Single-family home sales in Massachusetts spiked 45.8% in April 2010 compared to the same month a year ago, while condominium sales soared 55.7%, according to The Warren Group, publisher of Banker & Tradesman. ...


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