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Home Buying 101 Archive


8 Tips to Take Advantage of the Home Buyer Tax Credit before Time Runs Out

RISMEDIA, March 27, 2010—RE/MAX agents report that the home buyer tax credit currently can deliver meaningful savings, but only for those who, at a minimum, have a binding contract to purchase a home in place on April 30, 2010. With ...


New-Home Sales Decline in February 2010

RISMEDIA, March 26, 2010—Sales of newly built, single-family homes fell 2.2% in February 2010 to a seasonally adjusted annual rate of 308,000 units, the Commerce Department recently reported. While this figure marked a new record low for overall sales activity, only one region (the South) hit its own record low. ...


Regional Spotlight: Metro Chicago Real Estate Market Saw More Homes Sell More Quickly in February 2010

RISMEDIA, March 25, 2010—Home sales in the seven-county metropolitan Chicago real estate market continued to rebound in February 2010 with the number of attached and detached homes sold 30.5% higher than in February of 2009. Homes also were selling more quickly, with those that did find buyers spending an average ...


Home Affordable Foreclosure Alternatives Program on Pace to Increase Real Estate Sales

RISMEDIA, March 25, 2010—Joe Moshe, Broker/Owner, Charles Rutenberg Realty, says the Home Affordable Foreclosure Alternatives (HAFA) program will help stabilize the residential real estate market by allowing the short sale process to move forward more easily. This, in turn, will ...


3 Reasons Why Those Who Don’t Buy Now Might Regret It Later

RISMEDIA, March 24, 2010—Buying a home is one of the biggest decisions an individual can make. So it’s understandable that one considering a home purchase may take their time to avoid rushing into such a large financial commitment. However, several ...


Fixer-Upper Financing: 203k Program Provides Buyers with Renovation Funds

RISMEDIA, March 27, 2010—(MCT)—The word "as-is" can indeed be one scary phrase. Especially when buying a home in today's market where foreclosures and short sales that need fix-up work are plentiful. ...


Mortgage Rates Could Spike as Federal Reserve Program Expires

RISMEDIA, March 20, 2010—(MCT)—As the spring real estate season kicks in and the tax credit deadline for sale agreements approaches, the government is ending a program that has kept interest rates low and housing-affordability levels high for months. ...


Single-Family Starts Hold Firm in February 2010

RISMEDIA, March 18, 2010—The pace of single-family home production remained virtually unchanged in February 2010, with a 0.6% decline to a seasonally adjusted annual rate of 499,000 units, according to figures recently released by the U.S. Commerce Department. Meanwhile, a ...


Study Shows More Immigrants Buying Homes in Mid-Size Cities

RISMEDIA, March 16, 2010—In the first study of immigrants buying homes in mid-size areas across the United States, researchers at the University of Southern California Lusk Center for Real Estate showed an increasing number of new Americans are choosing to put down permanent roots outside major gateway cities, lured by ...


Pending Home Sales Down; Severe Weather Impacting Market

RISMEDIA, March 10, 2010—Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®. ...


Buyers Shift More Firmly into Driver’s Seat during January 2010

RISMEDIA, March 8, 2010—For the second month in a row, home buyers across much of the country negotiated bigger discounts off the last listing price of homes than they had the prior month, according to new data from real estate website Zillow.com. ...


Home Sales Dip in January 2010

RISMEDIA, March 8, 2010—(MCT)—In another sign that the foundation of the U.S. housing recovery might be shaky, the number of homes placed under sales contract fell 7.6% in January 2010, according to a national index. ...


New GFE and HUD-1 Settlement Statement to Create More Transparent Lending Process

RISMEDIA, March 6, 2010—Not only did we turn over a new year on January 1, 2010, but the U.S. Department of Housing and Urban Development (HUD) ushered in monumental and mandatory changes to the Good Faith Estimate (GFE) and HUD-1 ...


Poll Shows Strong Support for Government Housing Initiatives

RISMEDIA, March 5, 2010—Americans remain strongly committed to federal support for home buyers, according to a recent survey of U.S. households. ...


NAHB Reminds Home Buyers: Tax Credit Expiring Soon

RISMEDIA, March 5, 2010—The National Association of Home Builders (NAHB) wants potential home buyers to be aware that they still have the opportunity to take advantage of the $8,000 first-time home buyer or $6,500 repeat buyer tax credits, as long as they act quickly—the credits expire on April 30, 2010. ...


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