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Home Buying 101 Archive


RE/MAX Creates PSA Program to Educate Consumers on $8,000 Tax Credit, FHA Loans and Home Buying Process

RISMEDIA, August 28, 2009-RE/MAX of New England launched a series of public service announcements (PSAs) geared toward educating consumers during the home buying process. The series is the direct result of first-time homebuyer focus groups that showed that consumers lacked general knowledge about the home buying process and the tax ...


First-Time Home Buyers Dominate Real Estate Market

RISMEDIA, August 27, 2009-With the first-time home buyer's tax credit in full effect, younger buyers are taking the opportunity to enter the real estate market and the New Jersey real estate market has seen its fair share of first-time buyers enter the playing field recently. Across the state, agents are finding that they must consider the first-time home buyers' unique needs and adapt to this new type of client. "Those first-time home buyers who've entered the housing market- drawn by the perfect storm of historically low interest rates, attractive prices and the $8,000 tax credit- expect much more


Weichert to Host Seminar to Help First-Time Homebuyers Take Advantage of $8,000 Tax Credit

RISMEDIA, August 27, 2009-The $8,000 tax credit for first-time buyers passed by Congress earlier this year has created an excellent opportunity for those wishing to capitalize on today's affordable housing market. Still, with the average real estate transaction taking between 45-60 days to complete, the reality is many Americans will ...


Positive Signs: Home Prices on an Upswing in Second Quarter 2009

RISMEDIA, August 26, 2009-Data through June 2009, released by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index improved in the second quarter of 2009. The S&P/Case-Shiller U.S. National Home Price Index- which covers all nine U.S. census divisions- recorded a 14.9% decline in the 2nd quarter of 2009 versus the 2nd quarter of 2008. While still a substantial negative annual rate of return, this is an improvement over the record decline of 19.1% reported in the 1st quarter of the year.


Regional Spotlight – Massachusetts Home Sales Climb 12% in July; Price Decline Smallest in Over a Year

RISMEDIA, August 26, 2009-Bucking a six-month trend of falling home sales, Bay State home sales shot up nearly 12% in July 2009 year-over-year while the decline in median home prices narrowed, The Warren Group reported. ...


Strong Gain in Existing-Home Sales Maintains Uptrend

RISMEDIA, August 25, 2009-For the first time in five years, existing-home sales have increased for four months in a row, according to the National Association of Realtors®.


HomeGain Releases Results of Third Quarter Home Prices Survey

RISMEDIA, August 25, 2009-HomeGain, one of the first websites to provide free instant home values, announced the results of its quarterly Home Prices Survey


The Eagle Has Landed, and All Is Well

RISMEDIA, August 25, 2009-Just over 40 years ago, Neil Armstrong opened the hatch of his lunar module and stepped out onto the surface of the moon.


Regional Spotlight: First-Time Homebuyers, Move-up Buyers and Investors Create Double Digit Sales Growth in New England

RISMEDIA, August 24, 2009-Single family home sales activity in each New England state showed double digit increases in June 2009 over the previous month,


Entry-Level Housing Affordability Reaches 67% in Second Quarter of 2009

RISMEDIA, August 22, 2009-The percentage of households that could afford to buy an entry-level home in California stood at 67% in the second quarter of 2009, compared with 49% (revised) for the same period a year ago, according to a report recently released


How Is the Economic Stimulus Package Helping Buyers and Sellers?

RISMEDIA, August 20, 2009-As Realtors nationwide alongside the government work to create new programs and innovative strategies in order to lure new buyers into the market, now may be a good time to look at the way in which the American Recovery and Reinvestment Act of 2009 has affected not only the real estate industry, but the economy as well.


Gender Differences Abound in the Home-Buying Process

RISMEDIA, September 1, 2009-It often seems as though men and women are from different planets, but every day millions of couples navigate through day-to-day and even life-altering decisions. Because a home is the biggest purchase most people will make in their lifetime, Coldwell Banker Real Estate LLC surveyed 1,000 individuals to discover how much men and women differ in the home-buying process.


2nd Quarter Existing-Home Sales Rise in Most States, Helped by Affordable Metro Prices

RISMEDIA, August 18, 2009-Existing-home sales in the second quarter showed healthy gains from the first quarter in the vast majority of states,


Act Now to Take Advantage of the $8,000 First-Time Buyer Tax Credit

RISMEDIA, September 1, 2009-Since Congress passed the American Recovery and Reinvestment Act earlier this year, many have seized the opportunity


As Credit Deadline Approaches, Race Is On for First-Time Buyers

RISMEDIA, August 17, 2009-(MCT)-First-time buyers are searching for homes with a growing sense of urgency, worried that time is running out



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