Your Place: Tools and Techniques for Cleaning Your Deck

Rismedia Todays Top Story - Sat, 05/18/2013 - 00:02
(MCT)—I was looking at my home’s back steps, constructed of pressure-treated wood, and decided it was time for the annual get-rid-of-the-mildew-and-seal-them program. For some reason, they aren’t looking as green as they were last year, so the job will be a snap. It has been a long time since I discussed deck cleaning in this […]
Categories: Realty News

Builder Confidence Improves in May

Rismedia Todays Top Story - Wed, 05/15/2013 - 16:12
Builder confidence in the market for newly built, single-family homes improved three points to a 44 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May, released recently. This gain, from a downwardly revised 41 in April, reflected improvement in all three index components – current sales conditions, sales expectations […]
Categories: Realty News

Freddie Mac Announces Immediate Availability of Streamlined Modification for Delinquent Borrowers

Rismedia Todays Top Story - Tue, 05/14/2013 - 16:38
Freddie Mac recently announced it is making its new Streamlined Modification program immediately available to all eligible borrowers nationwide in order to expedite financial relief for potentially thousands of distressed families. Freddie Mac’s Streamlined Modification program had originally been scheduled to start on July 1, 2013. The recent announcement extends to the entire country Freddie […]
Categories: Realty News

Drastic Drop in Mass. Foreclosure Activity in March

Rismedia Todays Top Story - Mon, 05/13/2013 - 16:49
Regional Spotlight—A significant decline in Massachusetts foreclosures during the month of March indicates the foreclosure crisis is over, according to an article in Monday’s issue of Banker & Tradesman. Lenders filed 284 petitions to foreclose in March, an 82 percent decrease from 1,621 in March 2012, according to data from The Warren Group, publisher of […]
Categories: Realty News

Clear Capital: April’s Stable Home Prices Reflect the New Normal

Rismedia Todays Top Story - Sat, 05/11/2013 - 00:02
Clear Capital®, a provider of data and solutions for real estate asset valuation and collateral risk assessment, has released its Home Data Index™ (HDI) Market Report with data through April 2013. Using a broad array of public and proprietary data sources, the HDI Market Report publishes the most granular home data and analysis earlier than […]
Categories: Realty News

Improving Markets List Includes 258 Metros in May

Rismedia Todays Top Story - Mon, 05/06/2013 - 16:59
The number of U.S. housing markets showing sustained improvement in three key measures fell slightly to 258 in May from 273 in April, according to the NAHB/First American Improving Markets Index (IMI), released recently. This total includes entrants from all 50 states and the District of Columbia. The IMI identifies metropolitan areas that have shown […]
Categories: Realty News

Housing Tax Incentives Critical to Maintain Thriving Middle Class

Rismedia Todays Top Story - Wed, 05/01/2013 - 16:07
To meet the nation’s growing need for affordable rental housing and homeownership opportunities, the National Association of Home Builders (NAHB) recently called on Congress to maintain its support for vital housing tax incentives, including the Low Income Housing Tax Credit, the mortgage interest deduction and real estate tax deductions. “Home building is an industry dominated […]
Categories: Realty News

Solar Panels Puzzle Would-Be Buyers

Rismedia Todays Top Story - Tue, 04/23/2013 - 16:32
(MCT)—With solar panel prices plunging and generous tax credits and incentives still available, now may be as good a time as any to go solar. But shopping for a solar power system can be a tough task. Consumers face a bewildering array of options. There are thousands of different solar panel models from dozens of […]
Categories: Realty News

Mortgages Are Coming Home

Rismedia Todays Top Story - Mon, 04/22/2013 - 16:07
Since late last year, industry experts forecast a drop in mortgage refinancings as rates rise, and a revival of purchase mortgages, as the housing recovery creates business for lenders willing to work with buyers. The spring housing market is here and now the mortgage market is following. Purchase mortgages zoomed to their highest monthly market […]
Categories: Realty News

Real Estate Q&A: How to Get Out of a Land Deal Gone Bad

Rismedia Todays Top Story - Sat, 04/20/2013 - 00:01
(MCT)—QUESTION: I bought a vacant lot a few years ago on the Internet, sight unseen. Turns out, the property is unusable because it’s on the edge of a development and on a deep slope. I found out that it is part of an association, and the dues now have exceeded the value of the property. […]
Categories: Realty News

Housing Passes One Million Mark

Rismedia Todays Top Story - Wed, 04/17/2013 - 16:39
Housing construction passed the psychological mark of one million starts in March coming in at 1.036 million homes, up 7 percent from an upwardly revised February level of 968,000. The surge was due to a 31 percent increase in apartment construction to a level of 417,000 units, the highest since January 2006. Single-family construction fell […]
Categories: Realty News

The Vacation Home Makes a Comeback

Rismedia Todays Top Story - Tue, 04/16/2013 - 16:30
As the market continues to shift, one industry trend seems to be making continuous waves: vacation homes. With low prices and mortgage rates still available in most parts of the country, affluent buyers—or those who have always dreamed of a cabin on a lake—are making their move and purchasing second homes in exotic locations to […]
Categories: Realty News

HARP Mortgage Refinancing Program Extended by Two Years

Rismedia Todays Top Story - Mon, 04/15/2013 - 16:05
(MCT)—Underwater homeowners with Fannie Mae- and Freddie Mac-backed mortgages will be able to try to refinance their mortgages for another two years. The Federal Housing Finance Agency announced Thursday that Fannie and Freddie’s Home Affordable Refinance Program, which was set to expire Dec. 31, will be extended until the end of 2015. “More than 2 […]
Categories: Realty News

Twenty Percent of Bankers Expect Lending Standards to Loosen

Rismedia Todays Top Story - Wed, 04/10/2013 - 15:50
Expectations among bank risk professionals for the relaxation of lending standards increased sharply in the first quarter, rising from 12.1 to 19.9 percent, according to the quarterly FICO/PRMIA survey. One out of five bank risk professionals now expect the approval criteria for loans to become less stringent, the third highest level ever registered for looser […]
Categories: Realty News

New Homes Provide the Living Space Buyers Want

Rismedia Todays Top Story - Tue, 04/09/2013 - 16:46
Results from NAHB’s What Home Buyers Really Want  survey and a combination of Census Bureau/HUD data show that new homes generally do a good job of satisfying the typical buyer’s desire for living space, especially when compared to existing homes on the market. A simple way to get an idea of how new and existing […]
Categories: Realty News

Lower Operating Costs Mean New-Home Buyers Can Afford More House

Rismedia Todays Top Story - Mon, 04/08/2013 - 16:44
During New Homes Month in April, the National Association of Home Builders (NAHB) is showing home buyers why they can afford a higher-priced home—if it’s new construction. Using data from the Census Bureau and Department of Housing and Urban Development’s 2011 American Housing Survey, NAHB found that buyers can purchase a more expensive newer home […]
Categories: Realty News

An Easy Way to Cut 4 Years Off Your Mortgage

Rismedia Todays Top Story - Sun, 04/07/2013 - 13:07
(MCT)—We are now officially in the peak spring home buying-season. I was asked the other day for advice on what should be at the top of the list for homeowners after they move into their new home. That was an easy question to answer. My No. 1 piece of advice for recent homebuyers is to […]
Categories: Realty News

What’s the Story with FHA?

Rismedia Todays Top Story - Wed, 04/03/2013 - 16:44
I hear a lot about the Federal Housing Administration, and much of it is simply wrong. “The FHA is the next subprime.” Untrue. “The FHA caused the housing crisis.” Also untrue. There is a lot of misinformation making the rounds, which helps neither brokers nor buyers. Here’s the low-down on what brokers or buyers’ agents […]
Categories: Realty News


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