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Home Owner News Archive


New-Home Sales Fall 12.6 Percent in January 2011

RISMEDIA, February 28, 2011—(MCT)—Sales of new U.S. homes fell in January 2011, almost completely retracing the strong gain seen in December, the Commerce Department recently estimated. ...


Homeowners Willing to Tackle Remodeling Projects

RISMEDIA, February 25, 2011—(MCT)—Homeowners who put off renovations during the recession are thinking about spending money on their properties again. ...


Regional Spotlight: Florida’s Existing Home, Condo Sales Up in January 2011

RISMEDIA, February 25, 2011—Florida's existing home and existing condo sales rose in January 2011, according to the latest housing data released by Florida REALTORS®. According to the data, existing home sales increased 14% last month with a total of 12,151 homes sold statewide compared to 10,702 homes sold in January ...


Foreclosure Homes Account for 26 Percent of All 2010 Residential Sales, According to RealtyTrac

RISMEDIA, February 24, 2011—RealtyTrac, a leading online marketplace for foreclosure properties, released its Year-End and Q4 2010 U.S. Foreclosure Sales Report, which shows that foreclosure homes accounted for nearly 26% of all U.S. residential sales during the year, down from 29% of all sales in 2009 but up from 23% ...


Existing-Home Sales Rise in January 2011

RISMEDIA, February 24, 2011—The uptrend in existing-home sales continues, with January 2011 sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the National Association of REALTORS®. ...


Home Sales Continue to Rise, Prices Remain under Pressure

RISMEDIA, February 23, 2011—For the first time in six months, home sales in the 54 U.S. markets surveyed in the RE/MAX National Housing Report are greater than one year ago. The year-to-year sales difference has been improving for three consecutive months. In January 2011 it turned positive with a 0.7% ...


Apartments.com National Survey Reveals Renter Moving Plans for 2011

RISMEDIA, February 23, 2011—For the first time in years, the apartment rental market is beginning to experience signs of recovery as the U.S. economy slowly begins to strengthen. Reuters reported the rental vacancy rate fell to 9.4% in the fourth quarter of 2010 from 10.3% in the July-September period—the lowest ...


Late Mortgage Payments Fall in Fourth Quarter 2010

RISMEDIA, February 22, 2011—(MCT)—There's a note of optimism in the air about the U.S. mortgage delinquency rate. The number of mortgages that were past due in the fourth quarter of 2010 was at its lowest level since the end of 2008 (excluding homes that are already in foreclosure). Meanwhile, the ...


Housing Affordability Rises to Highest Level in Two Decades

RISMEDIA, February 19, 2011—Nationwide housing affordability during the fourth quarter of 2010 rose to its highest level in the 20 years since it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data. The ...


Residential Remodeling Activity Rose 18 Percent Year-Over-Year in December 2010, According to BuildFax Remodeling Index

RISMEDIA, February 18, 2011—With the economy continuing to exhibit a slow recovery and mortgage rates inching up from historical lows, many Americans have chosen to remodel their current homes rather than purchase a new house or apartment. BuildFax, a leading provider of building permit data recently released the latest findings ...


FHA Takes Steps to Bolster Capital Reserves

RISMEDIA, February 17, 2011—As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA Commissioner David H. Stevens announced a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30- and ...


Regional Spotlight: New Year Ushers in Houston’s First Increase in Home Sales in Seven Months

RISMEDIA, February 17, 2011—Despite the bone-chilling winter weather, Houston's housing market heated up in January 2011, recording the first increase in property sales since June 2010. Pricing also heated up in the first month of the New Year, with the average price of single-family homes reaching the highest level ever ...


Get in while the Getting’s Good – Why Buyers and Sellers Should Take Advantage of Today’s Real Estate Market

RISMEDIA, February 16, 2011—The Case-Shiller Index is one of the country’s most popular ways of measuring the movement of home prices. And in its latest rating, which went out in late December, the verdict was: Prices are down. The Case-Shiller ...


America Needs an Affordable and Adequately Regulated Secondary Market, Says NAR

RISMEDIA, February 16, 2011—The National Association of REALTORS® welcomes the Obama Administration’s call for an orderly transition from the current form of the secondary mortgage market to a new structure that would enable Americans to achieve affordable, sustainable mortgages. ...


ERA Real Estate Welcomes Latter & Blum Residential Real Estate Companies as its First ‘ERA Powered’ Affiliate

RISMEDIA, February 16, 2011—ERA Real Estate, a leading global real estate brand, announced the affiliation of Latter & Blum Residential Real Estate Companies in New Orleans, LA. With this announcement, the renowned Gulf South firm, consisting of Latter & Blum Inc./REALTORS®, C.J. Brown REALTORS®, and Noles-Frye Realty, becomes the first ...