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Today’s Top Story – Consumer Archive


Housing Affordability Continues to Hover Near Highest Level in 18 Years

RISMEDIA, August 21, 2009-Bolstered by affordable interest rates and low prices, nationwide housing affordability during the second quarter of 2009 continued to hover near its highest level since the series began 18 years ago, according to the National Association of ...


Government Incentives Put Purchases in Reach for More Consumers

RISMEDIA, August 20, 2009-(MCT)-Back when her four children were young, Donna Noeller needed a car that seated six, so the Hughson farm family bought an SUV and drove it hard. "We've had this Trailblazer over seven years. It has more than ...


Optimism Grips Homeowners: 81% Think Home’s Value Will Increase or Stay Same in Next 6 Months

RISMEDIA, August 19, 2009-American homeowners are much more realistic about their own homes' values than they were one year ago, but are more optimistic about the future than at any other time in the past year. More than half (60%) of ...


Gender Differences Abound in the Home-Buying Process

RISMEDIA, September 1, 2009-It often seems as though men and women are from different planets, but every day millions of couples navigate through day-to-day and even life-altering decisions. Because a home is the biggest purchase most people will make in their ...


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 ...


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