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Today’s Top Story – Consumer Archive


As Credit Deadline Approaches, Race Is On for First-Time Buyers

RISMEDIA, August 17, 2009-(MCT)-First-time buyers are searching for homes with a growing sense of urgency, worried that time is running out on an $8,000 federal tax credit. ...


Unsold Mansions Bedevil Florida Builders

RISMEDIA, August 14, 2009-(MCT)-An advertisement for million-dollar homes in Orlando's Baldwin Park neighborhood shows a woman soaking in a tub under the caption: "Not as rich as you used to be? Luckily, the good life has never been more affordable." ...


U.S. Foreclosure Activity Increases 7 Percent in July: RealtyTrac

RISMEDIA, August 13, 2009-RealtyTrac® (www.realtytrac.com), a leading online marketplace for foreclosure properties, has released its July 2009 U.S. Foreclosure Market ReportTM, which shows foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 360,149 U.S. properties during ...


Home Values Flatten in Short Term; Yearly Declines Shrink, but High Rates of Foreclosure, Negative Equity Expected to Delay True Recovery

RISMEDIA, August 12, 2009-Home values in the United States posted their 10th consecutive quarterly decline, falling 12.1 percent year-over-year, according to a Zillow Home Value Index of $186,500, according to the second quarter Zillow Real Estate Market Reports. But for ...


Is the Pipeline Clogged for Refinancing Homeowners?

RISMEDIA, August 11, 2009-(MCT)-Borrowers are waiting an unusually long time to close on mortgage refinance loans because thinly staffed banks can't handle surges in volume when rates dip, mortgage experts say. ...


Homebuyers Gain Edge with Internet Searches

RISMEDIA, August 10, 2009-(MCT)-In the colorful, centuries-long history of house hunting, when have so many buyers come to the table knowing so much about prices, neighborhoods and school test scores? ...


The Clock is Ticking – Taxpayers Need to Act Fast to Take Advantage of Temporary Tax Breaks

RISMEDIA, August 7, 2009-If the first half of 2009 is any indication, taxpayers have their work cut out trying to keep up with available tax breaks and potential tax pitfalls of 2009, according to CCH, a Wolters Kluwer business and a ...


A Winning Strategy – 5 Keys to Short Sale Success

RISMEDIA, August 6, 2009-Given the current foreclosure situation throughout our country, now, more than ever, is an opportunity for real estate professionals to unify our efforts, diversify our skill sets, and collectively serve as part of the solution. These are extraordinary ...


Pending Home Sales up for Fifth Consecutive Month

RISMEDIA, August 5, 2009-Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors®. ...


Treasury Announces Home Price Decline Protection Incentives

RISMEDIA, August 4, 2009-As part of an ongoing effort to expand relief to struggling homeowners, Treasury released the Supplemental Directive for its Home Price Decline Protection (HPDP) program, a component of the Home Affordable Modification Program (HAMP). HPDP provides additional incentive ...


Realtors Urge First-Time Buyers to Act Quickly, Tax Credit to Expire Soon

RISMEDIA, August 3, 2009-The New Jersey Association of Realtors (NJAR) is encouraging those considering buying a home for the first time to act quickly, as there is very limited time to qualify for the $8,000 first-time homebuyer tax credit. As of ...


New Home-Appraisal Rule Brings Turmoil to Real Estate Industry

RISMEDIA, July 31, 2009-(MCT)-When David and Penny Mann decided it was time to move to a retirement community, their real estate agent told them that in this rough market, it could take months to sell their downtown San Jose Victorian. ...


Top 7 Reasons Why Buying Is Better Than Renting

RISMEDIA, July 30, 2009-Christine Van Tuyl and Margaret La Grange, an award-winning mother-daughter team with Prudential California Realty in Coronado, have compiled their latest list, the "Top 7 Reasons Why it's Better to Buy then Rent in 2009." ...


Energy Efficient Homes Are Smart Investment for Savvy Homebuyers

RISMEDIA, July 29, 2009-In these economic times, the decision to purchase a home has become a very serious consideration, with cost of ownership in both the short and long term being in the forefront of the buyer's mind. One of the ...


First-Time Homebuyers Have Unique Advantage in Mortgage Market

RISMEDIA, July 28, 2009-(MCT)-First-time homebuyers and those thinking about refinancing are in a great place. ...


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