Home Buying 101 | RISMedia

Builders Ready to Work with White House, Congress to Extend Home Buyer Tax Credit

RISMEDIA, October 8, 2009—The National Association of Home Builders (NAHB) commended the White House for recognizing the success of the $8,000

Make the Home Buyer Tax Credit More Easily Available at Closing

RISMEDIA, October 7, 2009—The first-time home buyer’s tax credit cannot be directly used for down payment at the closing table due to federal tax law. In order to

Americans Cautiously Acknowledge Economy Improving – More Renters Finding Reasons to Become Homebuyers

RISMEDIA, October 6, 2009—In September 2009, more renters took the plunge to become homeowners but fewer current homeowners opted to move up to more desirable

Regional Spotlight: 3rd Quarter Manhattan Market Report Shows Housing Is Turning Corner

RISMEDIA, October 5, 2009—The just-released Third Quarter 2009 Prudential Douglas Elliman Manhattan Market Overview reveals that while over the past two decades, the number of Manhattan co-op and condo sales has tended to peak in the second quarter, this year the peak level of activity was pushed forward three months ...

Record Streak Continues for Pending Home Sales

RISMEDIA, October 3, 2009—Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August 2009, rose 6.4% to 103.8 from a reading of 97.6 in July, and is 12.4% above August 2008 when it was 92.4.

Stalking the Elusive Foreclosure Deal; Bargains are Few, Obstacles are Many

RISMEDIA, October 2, 2009—(MCT)—Joseph Licari and Danielle Block had a simple goal when they started house-hunting. "We were looking for a bargain,"

First-Time Homebuyers Buoy Real Estate Market

RISMEDIA, October 2, 2009—(MCT)—The housing market is getting a much-needed boost as first-time homebuyers rush to take advantage of an $8,000 federal tax credit that is set to expire Nov. 30, 2009. The incentive is helping to slow the decline in home sales. In August, sales were down 1% over the comparable period last year, the smallest year-over-year decline in any month since late 2007. As Congress considers extending the credit, real-estate agents and home builders worry sales could slump again if it's allowed to expire.

Tax Credit Extension Needed to Guard Against Real Estate Decline

RISMEDIA, October 2, 2009—According to a recent survey of real estate agents, the first-time homebuyer tax credit has been extremely successful in stimulating

FHA Delays Rules in Move That Will Help First-Time Buyers Qualify for Tax Credit

RISMEDIA, October 1, 2009—The Federal Housing Administration (FHA) has delayed the implementation of rules that could make life more difficult for condo buyers

Time Expiring on Home-Buying Tax Credit

RISMEDIA, October 1, 2009—(MCT)—Realtors are bracing- make that hoping- for a flurry of activity in the next few weeks as a tax credit

Credit Woes to Threaten Housing Recovery?

RISMEDIA, September 30, 2009—Nearly two-thirds of single-family home builders are reporting a severe lack of credit for housing production, threatening the fragile housing recovery before it has time to take hold, according to a new builder survey of acquisition, development and construction (AD&C) financing conducted by the National Association of Home Builders (NAHB). “Across the country, home builders and developers are reporting a deterioration in credit availability and intensifying pressure on borrowers with outstanding loans,” said NAHB Chairman Joe Robson, a home builder from Tulsa, OK.

Home Prices Rise for Third Straight Month

RISMEDIA, September 30, 2009—(MCT)—The market value of U.S. homes in 20 major cities rose by 1.6% in July compared with June, the third monthly increase

$2 Million Difference between Homes in Most Expensive and Most Affordable Market, According to Coldwell Banker Home Price Comparison Index

RISMEDIA, October 5, 2009—The 2009 Coldwell Banker® Home Price Comparison Index (HPCI) recently released found a price gap of more than $2 million

Existing-Home Sales Ease Following 4 Monthly Gains

RISMEDIA, September 28, 2009—Existing-home sales in August 2009 gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors®. Existing-home sales- including single-family, townhomes, condominiums and co-ops- declined 2.7% to a seasonally adjusted annual rate of 5.10 million units in August from a pace of 5.24 million in July,

The Possible Impact and Real Cost of Extending the First–Time Homebuyer Tax Credit

RISMEDIA, September 28, 2009—A recent survey conducted by Zillow in conjunction with Harris Interactive asked prospective first-time homebuyers how an extension

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