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Home Owner News Archive


Home Is Where the History Is

As Americans prepare to celebrate Independence Day next week, thousands of them will flock to places like Mount Vernon, Monticello and Peacefield to learn and understand more about our country's history and the men and women who shaped its future. ...


Pending Home Sales Soar in May to Highest Level in 2 Years

(MCT)—Prospective homebuyers signed the most contracts to buy existing homes last month in more than two years, according to new data from the National Association of Realtors. ...


Walt Disney’s Birthplace Draws Interest, but No Buyers

(MCT)— Not only do prophets lack honor in their native land, some don’t do much for real estate values — at least to judge by Walt Disney’s childhood home on Chicago’s Northwest Side. ...


Dead Listings Live Again in Tight Markets

Record-low inventory levels are breathing new life into homes that were withdrawn from the market but now are finding buyers in markets across the country. ...


Existing-Home Sales Constrained by Tight Supply, Prices Continue to Gain

Limited supplies of housing inventory held back existing-home sales in May, but sales maintained a strong lead over year-ago levels and home prices are on a sustained uptrend in all regions, according to the National Association of REALTORS®. ...


Renters are Willing to Make Sacrifices for Homeownership: Century 21 Survey

Century 21 Real Estate LLC recently announced the results of its spring home buying survey, conducted online by Harris Interactive. The survey revealed that non-homeowners are more likely to make sacrifices to own their dream home. ...


Revamping a Driveway Starts with Planning, Permission

(MCT)—In the old days, a cracked driveway was summarily patched. And a seriously broken and damaged driveway was replaced with new concrete. But very little about today’s driveways — and sidewalks — is that conventional anymore. Homeowners now have an enormous array of options, from a rainbow of color choices ...


What to Do This Year: Rent or Buy a Home?

Today is a tempting time to buy a home with interest rates and prices at their lowest levels in years. Deciding whether to buy or rent can be complicated, and potential homebuyers have a lot to consider this summer. As ...


Single-Family Housing Starts Rise 3.2 Percent in May

Single-family housing production increased for a third consecutive month and builders pulled more permits for both single- and multifamily construction in May, according to newly released figures from HUD and the U.S. Census Bureau. The data reveals that the seasonally adjusted annual rate of single-family housing starts rose 3.2 percent ...


Steady Builder Confidence in June

The NAHB/Wells Fargo Housing Market Index rose one point to 29 from a revised May level of 28, according to the latest reports. The index is at its highest point in five years, since May 2007. Of the three components, ...


Selling Your Home This Summer? Then Make Sure Backyard Is Appealing

Summer time is the outdoor season, and if that is when you plan to sell your home, you can be sure potential buyers will be paying special attention to your backyard. ...


RE/MAX National Housing Report: Broad-based Housing Recovery in Full Swing

For the fourth month in a row, the RE/MAX National Housing Report is showing an increasing Median Home Price. In May, home prices were 6.1percent higher than those in May 2011. Home sales also rose above the mark set last year by a significant 12.8 percent. With 42 surveyed metros ...


3 Reasons Not to Refinance at Extra-Low Rates

(MCT)—Be on guard against those low, low mortgage rates — you may end up spending more by refinancing than if you had stuck with your current mortgage, even if your new interest rate would be under 3 or 4 percent financial planners warn. ...


U.S. Foreclosure Activity Increases 9 Percent in May

RealtyTrac®, a leading online marketplace for foreclosure properties, recently released its U.S. Foreclosure Market Report™ for May 2012, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions—were reported on 205,990 U.S. properties in May, an increase of 9 percent from April but still down 4 percent from ...


Average Fixed Mortgage Rates Reverse Course

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates ending their six week streak of record-setting lows. Regardless, mortgage rates still remain near the historic lows helping to keep homebuyer affordability high, and providing a strong incentive for those looking to ...


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