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Home Owner News Archive


NAHB’S Multifamily Production and Vacancy Indices Show Increased Confidence

RISMEDIA, December 13, 2010—Serving as leading indicators for the sector, two composite multifamily indices produced from NAHB's survey of multifamily builders and property managers showed improvement in the third quarter of 2010. The NAHB Multifamily Production Index (MPI) increased 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 ...


Homeownership Aspiration Remains Strong among Americans

RISMEDIA, December 10, 2010—A new study recently released by Fannie Mae finds that most Americans—both those who currently own their homes and those who rent—strongly aspire to own a home and to maintain homeownership, despite ongoing turmoil in the housing market. However, demographic trends such as fewer married couples and ...


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 ...


58 Percent of Americans Expect Housing Market to Recover after 2012, According to Trulia and RealtyTrac

RISMEDIA, December 9, 2010—Trulia.com, a top site for home buyers, sellers and renters, and RealtyTrac, a leading online marketplace for foreclosure properties released the latest results of an ongoing survey tracking home buyers' attitudes toward foreclosed homes. Results of the survey conducted online from November 2-4, 2010 by Harris Interactive ...


Older Homeowners Turn to Reverse Mortgages to Pull Money Out of Their Homes

RISMEDIA, December 9, 2010—(MCT)—With demand rising for reverse mortgages, senior citizens are particularly at risk of being misled and should be protected by greater government oversight of the industry, according to a report by Consumers Union and two California advocacy ...


Mortgage Modification Keeps Hope Alive for Struggling Homeowners

RISMEDIA, December 8, 2010—(MCT)—This holiday season will be a happy one in the Bellwood, Ill., home that Rogelio Huerta and Maria Soto share with their two young sons. That's because the couple recently made the first mortgage payment on a permanent loan modification that will keep the family in the ...


5 Steam Heating Maintenance Tips to Keep Your System in Good Shape

RISMEDIA, December 7, 2010—You’re doing yet another Saturday open house tour, and, it seems, you’ve finally stumbled upon your dream house. The living room is perfect, the ceiling moldings have character, the kitchen practically begs you to bake an apple pie. Then, you look down, noticing something horrifying in the ...


Simple Tips to Downsize Your Lifestyle

RISMEDIA, December 7, 2010—(MCT)—David, Christy and Noah Swindlehurst are practicing new math at their Eden Prairie, Minn., town home—minimal addition, maximum subtraction. ...


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 ...


Home Refinancing Applications Drop as Interest Rates Rise

RISMEDIA, December 6, 2010—(MCT)—Brightening economic signs are pushing interest rates higher, choking off a surge in home refinancing at the same time that buyers are showing more willingness to purchase houses at today's beaten-down prices. Fannie Mae said that the typical rate mortgage lenders were offering on 30-year fixed loans ...


Empty Houses and Their Effect on Neighboring Homes

RISMEDIA, December 6, 2010—(MCT)—The abandoned rowhouse next door to Wendy and Brian Malaney has been a nightmare of a neighbor. The rowhouse's roofing material blew off, and water seeped through the Malaneys' adjoining walls. Later the pipes burst in the ...


Baby Boomers Turn to Remodeling to Create User-Friendly Homes

RISMEDIA, December 4, 2010—(MCT)—Uneasiness is keeping some aging baby boomers in their current homes, even though that's not what they had in mind.  As REALTOR® Allan Domb, who sells condos in Philadelphia, sees it, "The decline in prices in the ...


U.S. Pending Home Sales Jump 10.4 Percent in October 2010

RISMEDIA, December 3, 2010—Pending home sales jumped in October 2010, showing a positive uptrend since bottoming in June, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator, rose 10.4% to 89.3 based on contracts ...


Foreclosure Homes Account for 25 Percent of All Residential Sales in Third Quarter 2010, According to RealtyTrac

RISMEDIA, December 3, 2010—RealtyTrac, a leading online marketplace for foreclosure properties released its Q3 2010 U.S. Foreclosure Sales Report, which shows that foreclosure homes accounted for 25% of all U.S. residential sales in the third quarter of 2010 and that the average sales price of properties that sold while in ...


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