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Consumer News and Advice Archive


Percentage of Price-Reduced Homes Available for Sale Down from Last Year, but Still Substantial

RISMEDIA, October 14, 2009—While many sellers continue to cut their asking prices, fewer are doing so, according to recent data compiled by ZipRealty, national real estate brokerage, which may lead to an upward trend in home prices. According to MLS data, more than 44% of home listings in 28 major markets ...


Regional Spotlight: Home Prices Held up Better This Year in Towns Served by Metra

RISMEDIA, October 14, 2009—During 2009, Chicago suburbs served by Metra commuter trains saw the average price of a home decline less sharply than other areas of the seven-county suburban Chicago real estate market, according to a study of home sales activity by RE/MAX.  ...


Op-ed: Mortgage Securitization—A Web of Lies

RISMEDIA, October 13, 2009—Somebody had to say it. I have been literally begging the question for over two years. Except for some academics and some wild-eyed conspiracy bloggers, no one has wanted to talk about this. Maybe it’s the complexity of the process or that so many people ...


Bankruptcies’ Slowdown a Good Sign, But is it Good Enough?

RISMEDIA, October 13, 2009—(MCT)-In another promising sign of economic recovery, the torrid pace of personal and business bankruptcies slowed during the third quarter of 2009. ...


Equity Financing – A Solution to Today’s Housing Crisis?

RISMEDIA, October 12, 2009—As the housing market continues to struggle its way toward stabilization, Steve Cinelli, founder and chief strategy officer at PRIMARQ, discusses the notion of equity financing and how he and his team are working with leaders in ...


Home Price Reduction Levels Stay Above 25% for Fourth Consecutive Month

RISMEDIA, October 12, 2009—Trulia, Inc announced that 25.6% of homes currently on the market in the U.S. as of October 1, 2009 have experienced at least one price cut. More than one in four current listings on Trulia have been reduced in price for the fourth straight month. The total ...


Foreclosures Move Up-Market

RISMEDIA, October 12, 2009—Recently, there’s been a fair bit of anecdotal discussion around the assertion that foreclosures, once a problem just for the sub-prime segment of mortgages, have been moving up-market. That is, people are suggesting that we’re seeing more foreclosures in the mid- to high-end segments of the ...


Bad Economy Turns Renters into Roommates

RISMEDIA, October 10, 2009—Faced with uncertain economic times, renters around the nation are saving money on their monthly housing costs by opting to split a 3-bedroom apartment rather than living alone in more expensive 1-bedroom apartments. MyNewPlace, one of the largest online apartment listing sites, recently conducted a survey of ...


Residents’ Passions About Community Go Beyond Economy

RISMEDIA, October 10, 2009—(MCT)-People like where they live for any number of reasons, but there are several stand-out qualities that ignite residents' passion for their communities—and how the area is dealing with the recession isn't one of them, according to a report recently released by Gallup and the Knight Foundation. ...


Homebuyer Tax Credit Best Tool for Sustaining Housing Recovery

RISMEDIA, October 9, 2009—The best available tool for sustaining the still-fragile housing market is the $8,000 home buyer tax credit, and it is essential that Congress extend the credit into 2010, the National Association of Realtors® testified at a hearing of the U.S. House Small Business Committee recently.  ...


AAG Announces Legendary Actor Peter Graves as Reverse Mortgage Spokesperson

RISMEDIA, October 9, 2009—American Advisors Group (AAG) has selected veteran film and television actor Peter Graves as its spokesperson for a national media campaign beginning Oct. 12. The new television commercials on national cable and broadcast networks will further promote the value and benefits of reverse mortgages for American seniors ...


1.4 Million Families Have Taken Advantage of First-Time Home Buyer Tax Credit, More Claims Expected

RISMEDIA, November 2, 2009—With the First-Time Home Buyer Tax Credit deadline quickly approaching, the Internal Revenue Service recently reminded potential home buyers they must complete their first-time home purchases before Dec. 1, 2009 to qualify for the special ...


Builders Ready to Work with White House, Congress to Extend Home Buyer Tax Credit

RISMEDIA, October 8, 2009—The National Association of Home Builders (NAHB) commended the White House for recognizing the success of the $8,000 first-time home buyer tax credit and said that extending the program past its Dec. 1, 2009 expiration date will help to bolster the economy.  ...


Consumers Nationwide Pay Down Credit Card Debt in September

RISMEDIA, October 8, 2009—Credit Karma, the consumer's advocate for demystifying credit, released its U.S. Credit Score Climate Report with trend data for September 2009. Consumer credit card debt decreased throughout the month of September. In addition, from June to September, credit card debt decreased by 4% nationally and four states ...


No Rest for the Weary: 75% of Americans Plan on Working as Long as They Can

RISMEDIA, October 7, 2009—A new study released by Bankrate, Inc. shows that the vast majority of working Americans plan to work as long as they can during retirement age, showing a redefinition of how Americans view traditional retirement plans. The poll, conducted by Princeton Survey Research Associates International, is included in ...


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