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Today’s Top Story – Consumer Archive


Tax Credit, Low Interest, and Big Inventory Lure Rookies into Housing Market

RISMEDIA, June 2, 2009-(MCT)-Even in a sputtering economy, one segment of the U.S. housing market is feeling a bounce. First-time home buyers-loaded for bear with a new $8,000 tax credit, historically low interest rates and a big inventory to choose ...


Recovery Act’s Homebuyer Tax Credit Can Immediately Help Thousands of First-Time Homebuyers

RISMEDIA, June 1, 2009-Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the Obama Administration's new $8,000 first-time homebuyer tax credit toward the purchase costs of ...


Consumer Confidence Index Increases to Highest Level in Eight Months

RISMEDIA, May 27, 2009-The Conference Board Consumer Confidence Index, which had improved considerably in April, posted another large gain in May. The Index now stands at 54.9 (1985=100), up from 40.8 in April. The Present Situation Index increased to 28.9 ...


Rethinking Remodeling: Homeowners Want More Bang for Their Home-Improvement Buck

RISMEDIA, May 25, 2009-(MCT)-Fewer homeowners may be starting complete kitchen remodels, but they're still replacing countertops and re-facing cabinets. They're also investing in improvements to make their homes more energy-efficient, according to a recent home remodeling and repair report by ...


Single-Family Starts and Permits Edge Higher in April

RISMEDIA, May 21, 2009-Production of single-family homes edged upward in April 2009 as builders responded to improving conditions for new-home buyers, according to newly released figures by the U.S. Commerce Department. While overall starts fell 12.8% to a record-low ...


Housing Affordability Surges to Highest Level in 18 Years

RISMEDIA, May 20, 2009-Nationwide housing affordability jumped 10 percentage points during the first quarter of 2009 to its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). ...


Distressed Properties and First-Time Home Buyers – The Recipe for Real Estate Recovery?

RISMEDIA, May 23, 2009-(MCT)-Value-conscious, first-time buyers have become key to the housing market's recovery, and they are snapping up priced-right foreclosures despite the warts-and-all, sold-as-is condition of the properties. Half of the sales made in the year's first quarter were ...


Housing Affordability and Low Interest Rates Entice Buyers to Return to the Market

RISMEDIA, May 18, 2009-Historically high housing affordability and low mortgage interest rates, combined with buyer opportunities in the distressed sales market, have increased home sales in many areas of the country. "There has never been a better time to buy," ...


Homeowner Confidence Shrinks – Most Americans Now Believe Their Home’s Value Has Declined

RISMEDIA, May 16, 2009-American homeowners have a solid understanding of what has happened to the values of their own homes over the past year. A majority (60%) believe their own home lost value during the past 12 months, according to ...


Top 5 Home Staging Trends to Help You Compete in Today’s Market

RISMEDIA, May 16, 2009-Staging your home before listing it on the market is a crucial step that many homeowners often overlook. While the competition continues to be fierce in today's market, homeowners must take the necessary steps in order ...


Are Banks Making Short Sales a Long Process?

RISMEDIA, May 16, 2009-(MCT)-Short sales are making up a larger percentage of distressed home listings in several of the more harder hit markets around the country, such as Las Vegas, for example. And local real estate agents there ...


5 Trouble Spots Homeowners Can’t Afford to Ignore

RISMEDIA, May 9, 2009-Homeowners might be tempted to put off fixing their home until the economy rebounds. But Consumer Reports warns that some problems, if left unchecked, can lead to thousands of dollars in repairs and might even compromise your ...


Realtors Urge Congress to Stop Foreclosure Rescue Scams

RISMEDIA, May 8, 2009-Foreclosure rescue scams and other predatory and irresponsible lending practices have been on the rise, negatively impacting families, communities, and the housing market. The National Association of Realtors® recently testified on the importance of protecting homeowners from ...


More Than One Fifth of All American Homeowners Underwater on Their Mortgage

RISMEDIA, May 7, 2009-Home values in the United States fell again in the first quarter, posting a year-over-year decline of 14.2% to a Zillow Home Value Index of $182,378, according to the first quarter Zillow Real Estate Market Reports, which ...


Relocation.com Survey Shows Consumers Moving Further Due to Economy

RISMEDIA, May 6, 2009-Just as the Great Depression contributed to large-scale migrations from certain parts of the U.S., the current recession could be having a similar, historic effect, a new survey from Relocation.com, one of the leading online consumer resources ...


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