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Home Owner News Archive


9 Tips for Attracting Off-Season Guests to Your Vacation Home

RISMEDIA, November 6, 2010—It's almost time to start thinking about building fires in the fireplace, bundling up in your warmest sweater, sipping hot cocoa while you watch the snow, and start fretting over that unrented vacation home. While T.S. Eliot may think that April is the cruelest month, for many ...


Faithful Mortgage Payments and Their Effect on the Economy

RISMEDIA, November 5, 2010—(MCT)—For almost two years, home foreclosures have swept the nation, spreading misery among once-buoyant families, spattering lenders with red ink and undermining efforts to restart the economy. But a bigger problem may turn out to be the ...


Fed Plans 600 Billion Dollar Bond Purchase to Spark Economy

RISMEDIA, November 5, 2010—(MCT)—In the wake of congressional elections that weakened President Barack Obama and slammed the door on any new economic stimulus, the Federal Reserve unveiled a controversial new plan to spur the faltering U.S. economy by pumping $600 billion into the financial system. ...


Massive Auction of 600 Foreclosed Homes Sweeps through Arizona

RISMEDIA, November 4, 2010—A flood of 600 foreclosed homes will head to the auction block in Phoenix, Tucson and Kingman from November 9-14. Hudson & Marshall, a leading real estate auction firm, will auction the properties. In a market like Arizona, where housing values have plummeted over the past four ...


Renovations Halted by Recession Leave Homes in Limbo

RISMEDIA, November 4, 2010—(MCT)—Ralph and Gloria Dickerson began a $150,000 expansion of their Englewood, N.J., house in 2004. But the work dwindled to a halt several years ago, and foreclosure proceedings were started on the house last year. The property ...


Fed to Take Unusual Stab at Boosting Economy through Quantitative Easing

RISMEDIA, November 3, 2010—(MCT)—The Federal Reserve began a two-day meeting that's expected to conclude with the announcement of an unorthodox plan to spark life into the U.S. economy. The Fed has signaled since August that it'll begin purchasing government bonds ...


New GDP Numbers Show Economy Growing Slowly

RISMEDIA, November 2, 2010—(MCT)—The economy grew at a tepid 2% annual rate from July through September 2010, the government reported recently, slightly better than before, but not strong enough to reduce unemployment. The 2% annual rate in the third quarter was slightly stronger than the 1.7% revised rate for the ...


Get the Most Out of Your Furniture – How to Check for Comfort and Durability

RISMEDIA, November 2, 2010—(MCT)—When men buy "guy stuff"—cars, lawn mowers, electronics—they're on their home turf. For those purchases, "Men can rely on familiar brand names and test drives to guide their decision-making," says Jackie Hirschhaut, spokesperson for the American Home ...


Half-Built Homes: As Housing Market Continues to Improve, Situation Will Eventually Correct Itself

RISMEDIA, November 1, 2010—(MCT)—Every night before he goes to sleep, Ted Bachrach sets out four rat traps along a construction site next to his well-tended yard. In the morning, Bachrach gets up, makes coffee and removes the traps before he ...


How to Determine Whether the Vacation Rental Lifestyle is Right for You

RISMEDIA, October 30, 2010—More and more people are investing in vacation homes today. And no wonder: between unbelievable real estate prices, low interest rates, and a rapidly growing base of potential customers, vacationers who'd rather stay in a charming beach ...


New-Home Sales Climb 6.6 Percent in September 2010

RISMEDIA, October 29, 2010—(MCT)—Sales of new homes climbed 6.6% in September 2010, figures released by the federal government showed, representing the second straight month of gains, but still well below the pace when a tax credit existed. Sales of new ...


Upside-Down Homes Create New Pitfall for Real Estate Brokers

RISMEDIA, October 29, 2010—Painfully aware of the fact that many homeowners are upside-down (or underwater) with their current mortgages, brokers now need to be careful in listing the upside-down home. In Holmes v. Summers (Oct. 2010), a California appellate court ruled that sellers’ brokers can be held liable for ...


Homeowners’ Best Intentions Can Work Against Them in Mortgage Modification System Overwhelmed by Demand

RISMEDIA, October 29, 2010—(MCT)—Rogelio Huerta and Maria Soto did everything they were supposed to do to reduce the monthly mortgage payments on their Bellwood, Ill., home. Facing a cash crunch because his work hours were cut, they sought help from PNC Mortgage while they were still current on their payments. ...


Third Quarter Foreclosure Activity Up in 65 Percent of U.S. Metro Areas

RISMEDIA, October 28, 2010—RealtyTrac, a leading online marketplace for foreclosure properties released its Q3 2010 Metropolitan Foreclosure Market Report, which shows that cities in California, Florida, Nevada and Arizona once again accounted for all top 10 foreclosure rates in the third quarter among metropolitan areas with a population of 200,000 ...


Obama Administration October Housing Scorecard Shows Continued Signs of Stabilization in House Prices and High Home Affordability

RISMEDIA, October 28, 2010—The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the October edition of the Obama Administration’s Housing Scorecard (www.hud.gov/scorecard). The latest housing figures show continued signs of ...