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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


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


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


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 report’s 20-City Composite rating was 0.8% lower than it was one year previously; the first year-on-year decrease since October 2009.


Regional Spotlight: 2011 Begins with a Jump in Pending Sales for Washington, D.C. Metro Area

RISMEDIA, February 15, 2011—According to data recently released by RealEstate Business Intelligence (RBI), an MRIS company, there was a pronounced increase of 31% in pending sales in the January 2011 Washington, DC metro area housing market. The RBI Pending Home Sales Index [Washington, DC Metro Area], is a two-year moving window on the housing market using pending sales and median sold price. The results include pending sales through and including January 2011. The market area includes: Washington, DC, Montgomery County, Prince George’s County, Alexandria City, Arlington County, Fairfax County, Fairfax City, and Falls Church City.


70 Percent of Americans View Homeownership as Part of Personal American Dream, According to Trulia

RISMEDIA, February 12, 2011—Trulia.com, a top site for home buyers, sellers and renters, released the results of its biannual American Dream survey, which has tracked American attitudes towards homeownership since 2009. Harris Interactive conducted this online survey on Trulia's behalf in January 2011 among 2,079 U.S. adults aged 18 and over.


Home Price Stabilization Seen in Most Metro Areas during Fourth Quarter 2010

RISMEDIA, February 11, 2011—Home sales rebounded in 49 states during the fourth quarter of 2010 with 78 markets—just over half of the available metropolitan areas—experiencing price gains from a year ago, while most of the rest saw price weakness, according to the latest survey by the National Association of REALTORS®.


Tax Credit Hangover Continues as Home Values Drop, Negative Equity Rises in Fourth Quarter 2010

RISMEDIA, February 10, 2011—Home values in the United States posted their largest quarterly decline since the first quarter of 2009, falling 2.6% as the temporary stimulus of the home buyer tax credits wore off, according to Zillow's fourth quarter Real Estate Market Reports.


Demographic Shifts Shaping Future of the Housing Market

RISMEDIA, February 9, 2011—With the great recession driving unemployment, foreclosures and vacancy rates to historic highs, the housing market has certainly been on one wild ride the last few years. Today, we see the confluence of a deep recession driving behavioral change and shifts in the demographic distribution of the population poised to impact the real estate market in unexpected ways. Americans who have experienced or witnessed the loss of jobs, homes and home values have grown skeptical about the benefits of homeownership.


2010 Home Sales Had Biggest Rebound in Chicago Suburbs, Reports RE/MAX

RISMEDIA, February 9, 2011—Home sales in the metro Chicago real estate market turned in their strongest 2010 performance in the north suburbs and Kane County, according to an analysis by the RE/MAX Northern Illinois real estate network of transaction data from MRED, LLC,


VIDEO: Prospering in the Real Estate Revival: 12 House-Rich Rules for Building Real Estate Wealth – Rule #3

RISMEDIA, February 8, 2011— Every great endeavor begins with a clear vision of what you want to accomplish. Great investors approach real estate acquisitions the same way. Set a powerful long term objective, and find a property that meets that objective. Then let the forces of leveraged appreciation, cash flow, amortization and time do their thing.


Sunshine State Rebranding Attempts to Attract New Residents

RISMEDIA, February 5, 2011—(MCT)—Faced with a dramatic decline in the number of Americans moving to Florida, community boosters are promoting the Sunshine State as a cluster of research and technology, not just a balmy place to live.


Homeowners Decide to Deconstruct, Not Demolish, When Rehabbing

RISMEDIA, February 2, 2011—MCT)—If you're remodeling your kitchen or want to build your dream home on property with a not-so-idyllic house, there's a way to tear down that doesn't involve the wrecking ball. Deconstruction—the careful removal of salvageable hardwood flooring, light fixtures, cabinetry, doors and nearly everything that makes a house a house—is gaining momentum. As a result, more than three-fourths of the house can be re-used and recycled instead of all of it ending up in the dump.


For Your Clients: Common Impediments to Selling and How to Overcome Them

RISMEDIA, February 1, 2011—Even with the economy improving overall, it would be false to say the real estate market is booming, especially for home sellers. Unfortunately, negative financial headlines are causing some potential sellers to needlessly hide in fear. For many, it truly is not the ideal time to put their home on the market. But, even in a less-than-robust economy, you might be in the right—perhaps even the ideal—situation to sell. Unfortunately, some common impediments may make you run from doing so. Here are a few of those mental roadblocks, and how to overcome them:


New-Home Sales Rise Sharply in December 2010

RISMEDIA, January 28, 2011—(MCT)—Sales of new single-family homes rose almost 18% in December 2010 to the highest rate since last spring, but builders in 2010 still suffered through their worst year since record-keeping began in 1963.


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