Home Value News Archive
RISMEDIA, August, 18, 2010—(MCT)—With sweeping financial reform legislation enacted, the White House and Congress now must focus on fixing the mess created by the failed housing finance giants Fannie Mae and Freddie Mac. It's a complex challenge with high stakes for taxpayers and the struggling real estate market.
RISMEDIA, August 16, 2010—The number of price-reduced homes on the market increased 5.3% in July 2010 as compared to June, according to a monthly review of MLS-listed properties within 26 of the country's largest housing markets conducted by the national
RISMEDIA, August 14, 2010—(MCT)—Erin Kennedy-Florez was 10 months into a one-year lease on a home in Richmond, Calif., when she found a notice on her door saying the home was being foreclosed.
She said she called her landlord, who told her that he was trying to refinance the house and to keep paying him rent. "I was paying the rent, but he was not paying the mortgage," Kennedy-Florez said.
RISMEDIA, August 13, 2010—The real estate trend in firming home prices solidified in the second quarter with more metropolitan areas showing increases from a year ago, aided by a surge in home sales driven by the home buyer tax credit, according to the latest survey by the National Association of Realtors. In the second quarter, 100 out of 155 metropolitan statistical areas (MSAs) had higher median existing single-family home prices in comparison with the second quarter of 2009,
RISMEDIA, August 12, 2010—(MCT)—A few years ago, it took little more than a smile to be a mortgage lender. There were 13,000 people writing home loans in Washington alone, but we all know the consequences of the no-doc, liar loan bust: defaults by millions of borrowers, failing banks and ultimately, the worst recession in many decades.
But the pendulum has swung the other way.
RISMEDIA, August 11, 2010—As the summer sun continues to heat up the country, homeowners are taking full advantage of their central air conditioner units. Charles Furlough, vice president, Pillar To Post Home Inspections offers the following tips to keep your air conditioner running smoothly this summer.
RISMEDIA, August 11, 2010—As the real estate market continues its bumpy road toward recovery, the vacation home market is heating up, causing homeowners around the country to seriously consider buying the vacation home they’ve been eyeing.
RISMEDIA, August 10, 2010—(MCT)—With the overhaul of financial regulation in the bag, the Obama administration will focus next on housing finance with an eye to deciding the fate of mortgage finance titans Fannie Mae and Freddie Mac.
RISMEDIA, August 9, 2010—Home values in the United States continued to decline in the second quarter of 2010, with the Zillow Home Value Index falling 3.2% year-over-year and 0.6% from the first quarter to $182,500. The national rate of decline decelerated
RISMEDIA, August 6, 2010—(MCT)—Bruce Baldwin is well past the "extreme excitement" he felt when he became a first-time homeowner three years ago. In fact, the cabinetmaker has now joined thousands of homeowners who face foreclosure. He says he feels so snake-bit by homeownership that he doubts he'll ever buy again. "It was the American Dream. Now I could care less if I ever deal with a bank again," said Baldwin, who lives in Ocoee, Fla., not far from Orlando. “What I went through was an absolute nightmare.”
RISMEDIA, August 5, 2010—Pending home sales edged down with near-term sales expected to be notably lower in contrast to the spring surge when buyers rushed to take advantage of the home buyer tax credit, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator, declined 2.6% to 75.7 based on contracts signed in June 2010 from an upwardly revised level of 77.7 in May, and is 18.6% below June 2009 when it was 93.0. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
RISMEDIA, August 4, 2010—The U.S. Department of Housing and Urban Development (HUD) announced Neighborhood Networks Week 2010 will be held August 2-7 with the theme, “A Successful Past, A Promising Future.” The week-long observance
RISMEDIA, August 4, 2010—Fannie Mae announced the launch of KnowYourOptions.com, a new consumer education website that outlines the choices available to homeowners who are struggling with their mortgage payments and high mortgage rates, and provides guidance on how they can contact and work with their mortgage company to find solutions.
RISMEDIA, August 3, 2010—Back before Homeland Security began tracking such things, many undocumented immigrants have made Arizona their home, buying houses using an ITIN number or a fake social security number. Right or wrong, these people are invested
RISMEDIA, August 2, 2010—The lending landscape has changed quite drastically over the past several years. Practices, approvals and standards that were once widely accepted have either vanished or transformed beyond the point of recognition.