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Eighty-Eight Percent of Current Homeowners Looking to Trade-Up to Larger Home are Willing to Consider Purchasing a Foreclosure

RISMEDIA, December 16, 2009—Trulia.com, a real estate search site, and RealtyTrac, an online marketplace for foreclosure properties recently released the latest results of an ongoing survey tracking home buyers’ attitudes towards foreclosures. The new online survey conducted on their behalf between November 5-9, 2009 by Harris Interactive showed a notable decrease in consumers’ willingness to buy foreclosed properties, with 43% of U.S. adults age 18 and above indicating that they are at least somewhat likely to consider purchasing a foreclosed home in the future,


5 Questions to Consider Before Purchasing a Home

RISMEDIA, December 15, 2009—(MCT)—Interest rates on the benchmark 30-year, fixed-rate mortgage dipped to a 38-year low recently, giving consumers another reason to consider purchasing a home or refinancing their current one. Freddie Mac recently stated the average rate on a 30-year loan was 4.71% with an average 0.7 point, the lowest rate since the agency began its weekly tracking of long-term interest rates in 1971. A point is equal to 1% of the loan amount,


Ending the Housing Crisis One Short Sale at a Time – How One Company Provides Security to the Process

RISMEDIA, December 14, 2009—Short sales and home warranties seem to go hand in hand, especially considering the realities of today’s real estate market.


Home Price Reduction Levels Drop to 2009 Low

RISMEDIA, December 11, 2009—Trulia, Inc., a real estate search site, has announced that 22% of homes currently on the market in the United States as of December 1, 2009 have experienced at least one price cut, the lowest level since Trulia started tracking price reductions in April 2009. The total amount slashed from home prices also dropped from $28.1 billion in November to $24.7 billion in December, representing a 12% decrease. The average discount for price-reduced homes slightly increased to 11% off of the original listing price compared to 10% in the previous four months.


HomeGain Releases Results of Fourth Quarter Home Prices Survey

RISMEDIA, December 11, 2009—HomeGain, one of the first websites to provide free, instant home values, has announced the results of its fourth quarter Home Prices Survey of Realtors


Tips for a Successful Relocation during the Holidays

RISMEDIA, December 10, 2009—While everyone else is dusting off Christmas ornaments and Hanukkah candles, are you stressing about your upcoming holiday season move?


4 Tips to Improve Your Odds for Short Sale Success

RISMEDIA, December 7, 2009—Last month, we discussed some of the problems associated with short sales: too many properties for lenders to handle; too much uncertainty about valuation; too many second loans; and accounting mechanisms that encourage financial institutions to delay sales in order to defer losses. While those challenges make the outlook for short sales cloudy, most observers still believe that short sales will grow significantly over the next year, and will become an extremely important part of the path to recovery in the housing market.


FHA Mortgage Insurance Program Important to Housing Market and Recovery

RISMEDIA, December 7, 2009—The Federal Housing Administration mortgage insurance program is a critical part of the American housing fabric and has never been more important


‘For Your Clients’ Series: 10 Ways to Sell a Home with a Wet Basement; Part 3: Preventing Water from Leaking in through Cracks in the Walls

RISMEDIA, December 4, 2009—Imagine walking a potential homebuyer through the murky basement of a troublesome listing you just can’t seem to sell. The first thing the client sees is large, ugly cracks on the walls with water leaking through them and dripping down onto the floor. The whole scene is reminiscent of a dreary cave and, not surprisingly, the potential homebuyer is no longer interested in the house. How could this have been prevented?


Short Sale Reforms Could Speed Recovery – RE/MAX Chairman Lauds Government Action

RISMEDIA, December 3, 2009—The U.S. Treasury Department recently announced new guidelines to the short sale process that could speed the housing market recovery, a move RE/MAX Executives


Regional Spotlight: Rhode Island Home Sales Soar in October 2009 to Highest Level in Four Years

RISMEDIA, December 3, 2009—Single-family home sales in Rhode Island rose 20.5% in October 2009, the fifth consecutive month that home sales have increased year-over-year, according to The Warren Group. Condominium sales also climbed 7%, but prices for both single-family homes and condos continued to slide in October and are off by double-digit percentages from last year. “Rhode Island’s housing market is on the mend because sales volume has been growing for several months. But the residential real estate market is still facing challenges because prices are declining and foreclosures continue to remain a concern


Pending Home Sales Rise for Ninth Consecutive Month

RISMEDIA, December 2, 2009—Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001,according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7% to 114.1 from 110.0 in September,


New-Home Sales Rise 6.2% in October 2009

RISMEDIA, December 1, 2009—(MCT)—Sales of new homes rose 6.2% in October 2009 on strong results in the South, the Commerce Department estimated recently.


9 Home Improvements to Promote Healthy Living in Your Home

RISMEDIA, November 30, 2009—Consumers are more conscientious about healthy living than ever before and this awareness is making its way to the homebuilding industry, particularly in the custom home market, says Michael Lenahen who owns Ponte Vedra, Fla.-based Aurora Custom Homes. “As more consumers begin to realize how much their home affects every aspect of their health, they are beginning to see the importance of improving its environmental quality with products to benefit their health and that of their family,” Lenahen said.


Regional Spotlight: Florida’s Existing Home, Condo Sales Up in October 2009

RISMEDIA, November 25, 2009—Florida's existing home sales rose in October 2009, marking 14 months that sales activity has increased in the year-to-year comparison, according to the latest housing data


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