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Home Buying 101 Archive


Existing-Home Sales Continue to Improve In April 2010

RISMEDIA, May 26, 2010—Existing-home sales rose again in April 2010 with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors. ...


Plenty of Reasons to Buy a Home Even after the Tax Credit

RISMEDIA, May 26, 2010—Even though the home buyer tax credit expired on April 30, 2010 and won’t be renewed, there may never be a better time to buy a home than today, according to the National Association of Home Builders (NAHB). Many outstanding opportunities still exist for home buyers, but ...


For Your Clients: 5 Tips to Save Money for First-Time Home Buyers

RISMEDIA, May 25, 2010—Those who missed taking advantage of the first-time buyer tax credit but who are still planning the purchase of their first home, continue to have a wealth of opportunities in today’s marketplace. A few smart steps can ...


Regional Spotlight: April Posts 8th Straight Month of Illinois Home Sales Gains; Statewide Median Price Up 5 Percent

RISMEDIA, May 25, 2010—The Illinois housing market saw positive indicators nearly across the board in April 2010 with upward momentum in home prices and sales jumping 34.4% on the heels of the home buyer tax credit deadline. ...


Optimistic Outlook for Housing, But Challenges Remain

RISMEDIA, May 24, 2010—Economists participating in a recent NAHB Construction Forecast Conference Webinar agreed that the housing market is on the road to recovery, but cautioned that several factors could contribute to a bumpy ride in the coming months. ...


Housing Starts Rise 5.8 Percent in April 2010

RISMEDIA, May 20, 2010—Nationwide housing starts rose 5.8% to a seasonally adjusted annual rate of 672,000 units in April 2010 as the deadline for an important home buyer tax incentive arrived, according to figures released by the U.S. Commerce Department. ...


Regional Spotlight: Bay Area Single-Family Home Prices Increase 5.5% in April

RISMEDIA, May 17, 2010—Redfin has released new data on the San Francisco Bay Area market showing that the median price of a Bay Area single-family home increased 5.5% from March to April. In Marin County, prices for single-family homes jumped 10% in one month, aided by lower interest rates for ...


Regional Spotlight: Connecticut Home, Condo Sales Surge More Than 30 Percent in March 2010

RISMEDIA, May 7, 2010—The median price for a single-family home in Connecticut increased 8.1% in March 2010 compared to a year ago, while sales of single-family homes and condominiums surged by double-digit percentages, according to The Warren Group, publisher of The Commercial Record. ...


Pending Home Sales on an Upswing

RISMEDIA, May 5, 2010—Pending home sales increased again in March 2010, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index (PHSI) ...


Prudential Florida Realty and Florida Home Finance Group Announce ‘The Home Buyer Mortgage Credit’

RISMEDIA, May 3, 2010—While the Federal “First Time Home Buyer Tax Credit” expired on April 30, 2010, Prudential Florida Realty, in conjunction with Florida Home Finance Group, an affiliate of Wells Fargo Home Mortgage, is picking up where the Federal ...


In Post-Meltdown Muddle, Lenders Tighten Standards

RISMEDIA, May 1, 2010—(MCT)—As a consumer with good credit and a 10-year history of paying his mortgage on time, Ed McLaughlin expected that his record would put him in good stead with his bank. ...


End of Home Buyer Tax Credit Unlikely to Deter Most Real Estate Buyers

RISMEDIA, April 29, 2010—The expiration of the 2010 Home Buyer Tax Credits on April 30 is unlikely to put off Americans looking to purchase homes who believe now is a good time to buy and are confident that home prices ...


Ending Tax Credit Triggers New-Home Sales Surge in March 2010

RISMEDIA, April 29, 2010—With many buyers rushing to take advantage of the federal home-buyer tax credit set to expire on April 30, sales of newly built single-family homes surged 26.9% in March to a seasonally adjusted annual rate of 411,000 units, the Commerce Department recently reported. Sales increases were posted ...


New Home Sales Bounce Almost 27% Higher in March 2010

RISMEDIA, April 28, 2010—(MCT)—Sales of new homes broke out of a four-month winter slump with a bang in March 2010, soaring 26.9% over February, the government recently said, evidence that federal tax incentives for buyers due to expire next week ...


Existing-Home Sales Rise on Home Buyer Tax Credit and Favorable Market Conditions

RISMEDIA, April 23, 2010—Buyers responding to the home buyer tax credit and favorable affordability conditions boosted existing-home sales in March 2010, marking the beginning of an expected spring surge, according to the National Association of Realtors. ...


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