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RISMedia » Consumer News and Advice
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Home Values for Older Americans Begin to Rebound in Fourth Quarter 2009
RISMEDIA, March 10, 2010—Golden Gateway Financial, a financial resource for seniors and retirees, recently released new usage data from its online Reverse Mortgage Calculator that showed average home values for older Americans have halted their slide after remaining flat or declining…
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NAHB Commends President’s Proposed Energy Efficiency Incentives
RISMEDIA, March 9, 2010—Home energy efficiency incentives proposed by President Barack Obama will create much-needed jobs and help make America more energy independent, according to the National Association of Home Builders (NAHB).
Speaking recently in Savannah, GA., President Obama outlined a…
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Buyers Shift More Firmly into Driver’s Seat during January 2010
RISMEDIA, March 8, 2010—For the second month in a row, home buyers across much of the country negotiated bigger discounts off the last listing price of homes than they had the prior month, according to new data from real estate website…
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Home Sales Dip in January 2010
RISMEDIA, March 8, 2010—(MCT)—In another sign that the foundation of the U.S. housing recovery might be shaky, the number of homes placed under sales contract fell 7.6% in January 2010, according to a national index.
The National Association of Realtors recently…
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NAHB Reminds Home Buyers: Tax Credit Expiring Soon
RISMEDIA, March 5, 2010—The National Association of Home Builders (NAHB) wants potential home buyers to be aware that they still have the opportunity to take advantage of the $8,000 first-time home buyer or $6,500 repeat buyer tax credits, as long…
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More Government Help Coming to Homeowners in California, Arizona, Nevada, Florida and Michigan
RISMEDIA, March 1, 2010—President Obama recently announced an additional $1.5 billion in homeowner aid for the areas of the country hardest-hit by declining home values. Florida, Michigan, Arizona, California and Nevada are the five states that will receive funds.
Speaking from Henderson,…
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11.3 Million Homeowners Underwater on Mortgage
RISMEDIA, February 26, 2010—(MCT)—More than 11.3 million homeowners—nearly one-fourth of all Americans with a mortgage—owe more on their loan than their home is now worth, according to a report recently released by FirstAmerican CoreLogic.
More than 10% of people with mortgages…
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C.A.R. Reports Entry-Level Housing Affordability Remained at 64 Percent in Fourth Quarter 2009
RISMEDIA, February 25, 2010—The percentage of households that could afford to buy an entry-level home in California remained at 64% in the fourth quarter of 2009, compared with 61% (revised) for the same period a year ago, according to a report…
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Obama Targeting Homeowners with $1.5 Billion in Assistance
RISMEDIA, February 23, 2010—(MCT)—Facing millions of foreclosures and high unemployment, President Barack Obama recently announced a $1.5 billion fund to help unemployed homeowners and other struggling borrowers in a handful of states.
“What we can do is help families that have done…
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Housing Starts Rise in January 2010
RISMEDIA, February 22, 2010—Nationwide housing production hit its strongest pace in the last six months this January, posting a 2.8% gain to a seasonally adjusted annual rate of 591,000 units, according to figures recently released by the U.S. Commerce Department.
“Builders are…
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