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Home Buying 101 Archive


Existing-Home Sales Resume Uptrend with Stable Prices

RISMEDIA, December 23, 2010—Existing-home sales got back on an upward path in November 2010, resuming a growth trend since bottoming in July, according to the National Association of REALTORS®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums ...


Foreclosures Intrigue Home Buyers Looking for Deals

RISMEDIA, December 20, 2010—(MCT)—Last spring, in the waning days of the first-time home buyer tax credit, Stephen Ploski made an offer on a foreclosed home in Farmington Hills, Mich.  He said the 1,400-square-foot home was livable, but needed serious updates. ...


Rural Areas with Natural Amenities, Recreational Opportunities or Quality of Life Advantages are Best Suited to Grow

RISMEDIA, December 17, 2010—(MCT)—The majority of the nation's sparsely populated rural counties lost even more residents in the last decade, though some rural counties—particularly those in the mountain West—saw population gains that may be the result of retirees striking out for areas that are both scenic and affordable, according to ...


Developments Shrink as Buyers Seek Stronger Sense of Community

RISMEDIA, December 10, 2010—(MCT)—Kristy Paul grew up on a quiet suburban cul-de-sac where on warm summer nights the kids could stay out late while the parents grilled in their back yards and kept watch. Now she's a mom with two ...


Buyers, Banks Grow Leery of Distressed Sales as Problems Mount

RISMEDIA, December 10, 2010—(MCT)—A funny thing happened to DeBary, Fla., resident Russ Vas Dais as he was about to buy a foreclosed home: He learned the bank selling him the house didn't actually own it. Fannie Mae had foreclosed on the property but, in an apparent paperwork problem, never took ...


Energy Efficient Improvements Equal Big Savings for Homeowners

RISMEDIA, December 6, 2010—For most Americans, the holiday season means shopping for family and friends. But this year, spending a little money at home can equal big savings today, next year and for years to come. With time running out to cash in on the popular home energy efficiency tax ...


For Your Clients: 5 Common Sunroom Issues to Watch For

RISMEDIA, December 2, 2010—We all need a little sun sometimes. Even though a sunroom isn’t the major consideration in buying a home, it’s often the cherry on top that encourages you to write the down payment check. What makes these ...


More Americans Seek Smaller Homes in the Suburbs, According to Relocation.com Survey

RISMEDIA, December 1, 2010—McMansions are rapidly becoming the housing equivalent of harvest gold appliances as more Americans are opting for smaller residential footprints, according to a new Relocation.com consumer lifestyle survey. In this new Relocation.com lifestyle survey, homeowners and buyers ...


Why FHA Doesn’t Work for All Low Downpayment Buyers

RISMEDIA, November 24, 2010—During my years at PHH Mortgage and Realogy, I had the privilege to help build some of the most trusted brands in real estate, including Coldwell Banker, Century 21, ERA, Better Homes and Gardens, and Sotheby’s International Realty. My goal was always simple—to align national franchises with ...


Housing Remains Highly Affordable for Seventh Consecutive Quarter

RISMEDIA, November 22, 2010—Housing affordability remained near its highest level nationwide for the seventh consecutive quarter as interest rates dipped below 5% for the first time since the series was first compiled nearly two decades ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). ...


Builders and Consumers Perceive Green Homes as Affordable to Live in but Expensive to Build

RISMEDIA, November 20, 2010—Green homes offer a wide variety of benefits from reducing carbon footprints to saving money on utility bills to even improving the health of children. However, a recent Whirlpool Corporation and Habitat for Humanity survey conducted ...


Home Buyers Get Creative to Close Real Estate Deals

RISMEDIA, November 19, 2010—(MCT)—When Efrain Hernandez couldn't seal a deal before the first-time home buyer tax credit expired earlier this year, he lost faith that he would ever own a house in a market where investors and all-cash buyers are ...


Housing Market Recovery Depends on Jobs and Access to Credit, Says NAR

RISMEDIA, November 18, 2010—Although the recent trend of rising long-term borrowing rates may mean higher mortgages for consumers in the coming months, the greater obstacles to housing market recovery are job creation and availability of credit, according to a National ...


Tips On How Buyers Can Sift through Housing Inventory Effectively and Efficiently

RISMEDIA, November 17, 2010—Five years ago, a serious buyer who was pre-approved for a mortgage loan typically spent three to four weeks looking for a home and usually visited 15-20 homes. Now the search can take much longer with the ...


NAR Pulse: This Week’s Top Stories from the NATIONAL ASSOCIATION OF REALTORS

RISMEDIA, November 17, 2010—This week’s headlines from the NATIONAL ASSOCIATION OF REALTORS® include: a no cost field guide to real estate transfer taxes from NAR’s Right Tools, Right Now initiative; an exclusive offer for REALTORS® on an advanced identity protection service from REALTOR Benefits® Partner, IdentitySecureSM; and NAR is extending ...


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