Home Buying 101 Archive
RISMEDIA, December 28, 2010—(MCT)—A Bank of America freeze on foreclosure sales spread Friday to the Inland Empire in California after the biggest bank in the U.S. announced it was broadening an investigation into its foreclosure practices to all 50 states.
The halt, which took effect yesterday, adds to growing concerns that lenders have been repossessing homes without following proper protocol.
RISMEDIA, December 28, 2010—(MCT)—In response to the recent crimes against real-estate agents in the Youngstown and Kent, Ohio, areas, local real-estate brokers are reviewing safety precautions for their agents. These incidents remind all agents nationwide to review safety procedures when showing vacant homes. ...
RISMEDIA, December 28, 2010—Default risk on home loans in Ann Arbor, Mich., fell once again this quarter to its lowest level in more than five years, says a professor at the University of Michigan's Ross School of Business. ...
RISMEDIA, December 23, 2010—Existing-home sales got back on an upward path in November 2010, resuming a growth trend since bottoming 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, rose 5.6% to a seasonally adjusted annual rate of 4.68 million in November from 4.43 million in October, but are 27.9% below the cyclical peak of 6.49 million in November 2009, which was the initial deadline for the first-time buyer tax credit.
RISMEDIA, December 20, 2010—(MCT)—Last spring, in the waning days of the first-time home buyer tax credit, Stephen Ploski made an offer on a foreclosed home in Farmington Hills, Mich. He said the 1,400-square-foot home was livable, but needed serious updates. He was willing to do the work, and take the risk. In exchange, he got a deal. The three-bedroom, one-bathroom home was his for $49,000. He lives in the home with his wife, Ashley and their daughter Lana.
RISMEDIA, December 17, 2010—(MCT)—The majority of the nation's sparsely populated rural counties lost even more residents in the last decade, though some rural counties—particularly those in the mountain West—saw population gains that may be the result of retirees striking out
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 kids, a husband and a townhouse they built five years ago in a massive Woodbury, Minn., development where she is surrounded by people but is tired of all the traffic, anonymity and competition to use some of the neighborhood amenities.
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
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 ...
RISMEDIA, December 2, 2010—We all need a little sun sometimes. Even though a sunroom isn’t the major consideration in buying a home, it’s often the cherry on top that encourages you to write the down payment check. What makes these rooms so irresistible is obvious: Read a book in a sunroom in the winter, and automatically it becomes summer again. Sunrooms range in scope and drama—the term can describe anything from a room with oversize windows, all the way up to glass-enclosed wonders.
RISMEDIA, December 1, 2010—McMansions are rapidly becoming the housing equivalent of harvest gold appliances as more Americans are opting for smaller residential footprints, according to a new Relocation.com consumer lifestyle survey. In this new Relocation.com lifestyle survey, homeowners and buyers were asked to weigh in on what they saw as the ideal home size. Forty-eight percent of the respondents indicated that their ideal home size would range from 1,000-1,999 square feet, while 29% prefer homes that are 2,000-2,999 square feet.
RISMEDIA, November 24, 2010—During my years at PHH Mortgage and Realogy, I had the privilege to help build some of the most trusted brands in real estate, including Coldwell Banker, Century 21, ERA, Better Homes and Gardens, and Sotheby’s International Realty. My goal was
RISMEDIA, November 22, 2010—Housing affordability remained near its highest level nationwide for the seventh consecutive quarter as interest rates dipped below 5% for the first time since the series was first compiled nearly two decades ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). ...
RISMEDIA, November 20, 2010—Green homes offer a wide variety of benefits from reducing carbon footprints to saving money on utility bills to even improving the health of children. However, a recent Whirlpool Corporation and Habitat for Humanity survey conducted by the NAHB Research Center, polled home builders, as well as consumers, and found
RISMEDIA, November 19, 2010—(MCT)—When Efrain Hernandez couldn't seal a deal before the first-time home buyer tax credit expired earlier this year, he lost faith that he would ever own a house in a market where investors and all-cash buyers are snapping up bargains and mortgages seem hard to come by. But waiting—even though it wasn't by choice—got him more than the $8,000 federal tax credit.