Home Value News Archive
RISMEDIA, September 29, 2010—Data through July 2010, released by Standard & Poor's for its S&P/Case-Shiller Home Price Indices, one of the leading measures of U.S. home prices, show that the annual growth rates in 16 of the 20 MSAs and the 10- and 20-City
RISMEDIA, September 28, 2010—Nearly one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low, making homeownership out of reach for many. This is according to an analysis of more than 25,000 loan quotes and purchase requests on Zillow Mortgage Marketplace during the first half of September. Borrowers with credit scores under 620 who requested purchase loan quotes for 30-year fixed, conventional loans were unlikely to receive even one loan quote on Zillow Mortgage Marketplace,
RISMEDIA, September 27, 2010—Recognizing the giant leap mobile technology and the mobile Web has taken in the past year, the California Association of Realtors (CAR) has selected Mobile Real Estate LLC as its mobile technology sponsor of the 2010 CAR
RISMEDIA, September 25, 2010—Existing-home sales rose in August 2010 following a big correction in July, according to the National Association of Realtors. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6% to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July, but remain 19.0% below the 5.10 million-unit pace in August 2009.
RISMEDIA, September 25, 2010—It's that time of year again. Summer is gone and the "off season" has begun. Between counting your rental income and planning a few autumn weekends in your vacation home, you may have found yourself wondering how you can
RISMEDIA, September 24, 2010—(MCT)—Homeownership, long trumpeted as the American dream, has turned into a nightmare for many, especially those whom life has dealt unexpected blows. Secure in their jobs, with plenty of savings and good health when they bought their houses, millions of Americans are now fighting to keep them—leading a growing number of economists and real estate experts to ask whether the American dream has become more of an obsession.
RISMEDIA, September 23, 2010—(MCT)—New housing starts surged 10.5% in August 2010 to the highest level since spring, but the activity was driven by a sharp spike in apartment construction, government data showed. Housing starts rose in August to an annualized rate of 598,000, compared with a revised 0.4% increase in July, the Commerce Department reported. Economists surveyed by MarketWatch had expected housing starts to drop to 535,000 on a seasonally adjusted basis.
RISMEDIA, September 22, 2010—(MCT)—With little fanfare, the National Bureau of Economic Research recently declared that the so-called Great Recession is over, determining that the U.S. economy hit bottom in June 2009 and began a long, sluggish rebound.
RISMEDIA, September 20, 2010—Homeowners who are underwater with their mortgage may find that relief is on the way from a bill strongly supported by the National Association of Realtors that would impose a deadline on lenders to respond to short sale requests.
RISMEDIA, September 18, 2010—After a hot summer, it's a relief to step outside to find that autumn breezes have finally arrived. As a second homeowner, you can hardly wait to bask in those calm winds at your beach cottage or take in the views of changing leaves around your woodsy cabin. You're ready for fall, all right, and you're not the only one. It seems the whole recession-weary world is longing for a getaway—and you're in the enviable position of being able to make money off their vacation fever.
RISMEDIA, September 17, 2010—(MCT)—As the economy continues to suffer and home prices continue to fall, numerous Americans across the country are staying away from the real estate market. But, if you are looking to take advantage of the opportunity of a lifetime, now is the perfect time to get off the sidelines. Playing by your own terms may be the name of the game today. Ask for price reductions, improvements, closing costs—whatever—and sellers, who are desperately trying to get a contract, are very likely to work with you, said Jay Papasan, one of the authors of the book Your First Home.
RISMEDIA, September 17, 2010—(MCT)—As tighter lending requirements make homeownership more difficult, so-called "shared equity" or "long-term affordability" programs are getting more attention from local governments, nonprofits and private foundations.
RISMEDIA, September 16, 2010—Taking steps to minimize your energy use is not only good for the Earth, but for homeowners as well. While being altruistic and helping a cause generally means giving—not getting—back, going green provides noticeable benefits
RISMEDIA, September 13, 2010—U.S. Housing and Urban Development Secretary Shaun Donovan awarded an additional $1 billion in funding to all states along with a number of counties and local communities struggling to reverse the effects of the foreclosure crisis. The grants announced today
RISMEDIA, September 13, 2010—Home value depreciation stayed constant in July 2010 with home values registering a 0.2% decline between June and July and a 3.2% decline over the past year, according to Zillow’s July Real Estate Market Reports