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Home Owner News Archive


December Housing Scorecard Shows Continued Home Affordability

RISMEDIA, December 27, 2010—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the December edition of the Obama Administration’s Housing Scorecard. The latest housing figures show continued home affordability in the housing ...


Fannie Mae and Freddie Mac HARP Refinancings Increase in Third Quarter; Performance of Modified Loans Improves

RISMEDIA, December 27, 2010—Refinancings through the Home Affordable Refinance Program (HARP) increased 26% in the third quarter of 2010. Fannie Mae and Freddie Mac loan modifications through the Home Affordable Modification Program (HAMP) increased 16% in the quarter, although the overall volume of loan modifications and the pace of HAMP ...


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 ...


Wells Fargo to Modify California Mortgages to the Tune of Two Billion Dollars

RISMEDIA, December 23, 2010—(MCT)—Wells Fargo & Co. has agreed to modify the mortgages of nearly 15,000 California homeowners who teeter on the brink of foreclosure under a $2 billion deal with state officials. San Francisco-based Wells Fargo and the California attorney general's office announced the settlement in connection with "pick-a-pay" ...


Economic Growth Poised to Kick into Higher Gear by Second Quarter of 2011, According to Fannie Mae’s Economics and Mortgage Market Analysis Group

RISMEDIA, December 22, 2010—Improvements in consumer spending and consumer confidence, increased demand for goods and services, and falling unemployment claims are all positive factors for a brighter outlook as we move into 2011, according to the December 2010 Economic Outlook released by Fannie Mae's Economics & Mortgage Market Analysis Group. ...


The Truth About Home – Connecting with Today’s Buyers and Sellers

RISMEDIA, December 21, 2010—According to the American Heritage Dictionary, home is defined as “To the very center. To be guided to a target automatically.” In this challenging housing market, consumers still want a home as the centerpiece of a good ...


RE/MAX National Housing Report Nov 2010: Home Prices Defy Predictions, Remain Stable

RISMEDIA, December 21, 2010—In recent months, the real estate market has been impacted by several outside forces that have resulted in some uncertainty. While the tax credit has expired and some lenders are still working their way out of a foreclosure moratorium, the market is struggling to find secure footing. ...


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. ...


Foreclosure Activity Decreases 21 Percent in November 2010, According to RealtyTrac

RISMEDIA, December 17, 2010—RealtyTrac, a leading online marketplace for foreclosure properties released its U.S. Foreclosure Market Report for November 2010, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 262,339 U.S. properties in November, a 21% decrease ...


Homeowners Recoup More with Exterior Replacement Projects, REALTORS® Report

RISMEDIA, December 16, 2010—As part of the 2010-11 Remodeling Cost vs. Value Report, REALTORS® recently rated exterior replacement projects among the most cost-effective home improvement projects, demonstrating that curb appeal remains one of the most important aspects of a home ...


Fed Holds Course on Bond Purchases, Interest Rates

RISMEDIA, December 16, 2010—(MCT)—The Federal Reserve, saying that the economic recovery was not strong enough to bring down unemployment, vowed to stick with its controversial bond-buying program to spur growth and to hold short-term interest rates at near zero for the foreseeable future. ...


Empty Nesters Should Focus on Boosting Savings, Not Spending

RISMEDIA, December 16, 2010—(MCT)—Almost half of American households are on course to struggle through retirement because they haven't been saving enough money while working and raising their children. But it doesn't have to be this way. ...


Fewer U.S. Homeowners Underwater on Their Mortgage

RISMEDIA, December 15, 2010—(MCT)—The number of homeowners in the U.S. who owe more on their properties than what those homes are worth has declined steadily for most of 2010, according to Santa Ana, Calif. research firm CoreLogic. But the drop ...


‘Tis the Season to Move – The Do’s and Don’ts of Relocating during the Holidays

RISMEDIA, December 15, 2010—While everyone is preparing for the holiday season, are you singing to a different tune as you stress about your upcoming move? Moving can be demanding on its own, plus combined with the stresses of preparing for the holidays, can be as challenging as finding that one ...


Price-Reduced Listings Continue to Soar Over Last Year, According to ZipRealty’s Monthly Price Reduction Index

RISMEDIA, December 14, 2010—The number of price-reduced homes on the market this November increased dramatically compared to the same time last year, rising 24.1% according to ZipRealty's Price Reduction Index, a monthly review of MLS-listed properties in 26 markets surveyed by the real estate brokerage. ...


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