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Today’s Top Story – Consumer Archive


FHA Delays Rules in Move That Will Help First-Time Buyers Qualify for Tax Credit

RISMEDIA, October 1, 2009—The Federal Housing Administration (FHA) has delayed the implementation of rules that could make life more difficult for condo buyers in the metro Chicago real estate market and across the country. The delay should be especially helpful ...


Home Prices Rise for Third Straight Month

RISMEDIA, September 30, 2009—(MCT)—The market value of U.S. homes in 20 major cities rose by 1.6% in July compared with June, the third monthly increase in a row, according to the Case-Shiller home price index recently released by Standard & Poor's.  ...


More Rough Times Ahead for U.S. Economy, despite Recent Improvements

RISMEDIA, September 29, 2009—Despite recent signs of improvement, more rough times are ahead for the U.S. economy, according to several prominent experts in real estate and the economy who attended a recent forum at the Nixon Presidential Library.  ...


Existing-Home Sales Ease Following 4 Monthly Gains

RISMEDIA, September 28, 2009—Existing-home sales in August 2009 gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors®.  ...


Short Sales Spread across Real Estate Market, Leaving Frustration in Their Wake

RISMEDIA, September 26, 2009—(MCT)—A few years ago, few people in the housing market had ever heard of a short sale. Mention the term today and people, whether they are homeowners or real estate agents, just roll their eyes. ...


18% of Prospective First-Time Home Buyers Say Extending $8,000 Tax Credit Would be Primary Influence on Decision to Buy

RISMEDIA, September 25, 2009—Nearly one in five (18%) prospective first-time home buyers said extending the $8,000 tax credit would be the primary influence on their decision to buy a home before the end of 2010, according to a Zillow survey. ...


Moving Decisions: One Down, Hundreds to Go

RISMEDIA, September 24, 2009—Making the decision to move to a new state is just the tip of the iceberg for your clients. Then the real work begins as they’re faced with hundreds of new decisions and details to manage.  ...


Leading Indicators Show Recession ‘Bottoming Out’

RISMEDIA, September 23, 2009—(MCT)—The U.S. recession is bottoming out and a recovery is near, economists for the Conference Board said recently after reporting that the index of leading economic indicators rose 0.6% in August 2009, the fifth straight increase.  ...


Single-Family Starts Ease as Credit Deadline Looms

RISMEDIA, September 22, 2009—Production of new single-family homes slowed in August 2009 as the expiration date for an important buyer incentive drew nearer, according to figures recently released by the U.S. Commerce Department. While overall housing starts rose 1.5% to ...


Households’ Net Worth Rises for First Time in Two Years

RISMEDIA, September 21, 2009—(MCT)—American households were $2 trillion richer on June 30, 2009 than they were three months earlier, the first time in two years that household net worth has increased, the Federal Reserve recently reported.  ...


Home Buyers Want to Save Energy – but Only at Right Price

RISMEDIA, September 19, 2009—Even though prospective home buyers want the benefits of new, more efficient homes, they are unwilling to pay much more for a “green” home, according to a recent member survey from the National Association of Home Builders ...


The Clock Is Ticking as First-Time Buyers Intensify Their House Hunting

RISMEDIA, September 18, 2009—(MCT)—Tired of paying rent and enticed by a first-time home buyer tax credit, 25-year-old Garrett Rebel began his search for a home in August, scouring the suburbs of Dallas for a house to meet his current and ...


Customer Satisfaction Improves Significantly, Driven by Competition among Home Builders

RISMEDIA, September 17, 2009—As home builders compete for a limited pool of buyers, customer satisfaction with new-home builders and new-home quality have improved notably from 2008, according to the J.D. Power and Associates 2009 U.S. New-Home Builder Customer Satisfaction Study.  ...


Home Price Reduction Levels Rise for Fourth Straight Month

RISMEDIA, September 16, 2009—Trulia, Inc., a leading place to start your real estate search, announced that 26% of homes currently on the market in the United States as of September 1, 2009 have experienced at least one price cut. Price reduction ...


Taking Advantage of Negotiation – U.S. Homebuyers Paid $7,039 Less Than Listing Price in July

RISMEDIA, September 15, 2009—Amid continued falling home prices, U.S. homebuyers are negotiating even more discounts at the bargaining table, according to July's Zillow Real Estate Market Reports. Buyers paid 3.3%, or a nearly $7,039, less than the last listing price on ...


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