Here are some of the Realty Reality blog articles that appeared during the month of July:
Home Product Life Expectancy Is Changing
Maintenance and repair: in many ways they're the phantom elements when trying to figure the cost of owning a particular home. Consumers often focus on easy-to-identify figures, the mortgage payments and property taxes of the world. When it comes to repair costs, potential buyers, current homeowners and sellers alike are usually tempted to come up with a rough "guesstimate". While there is no scientific way to calculate future maintenance costs, some of the mystery can be eliminated by considering the average life expectancy of home components...
Builder Confidence Falls Further In July
A surplus of unsold homes on the market, combined with ongoing concerns in the subprime mortgage arena and affordability issues associated with tightened lending standards and higher interest rates, continues to take a significant toll on builder confidence, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI)...
New Residential Sales Index From Census Bureau
Sales of new one-family houses in June 2007 were at a seasonally adjusted annual rate of 834,000, according toestimates released jointly today by the U.S. Census Bureau and the Department of Housing and UrbanDevelopment...
Americans With Disabilities Act - Interesting Facts From The Census Bureau
On this day in 1990, President George H.W. Bush signed into law the Americans with Disabilities Act (ADA), guaranteeing equal opportunity for people with disabilities in public accommodations, commercial facilities, employment, transportation, state and local government services and telecommunications...
Online Video Watched and Shared By Internet Users
The growing adoption of broadband combined with a dramatic push by content providers to promote online video has helped to pave the way for mainstream audiences to embrace online video viewing. Fifty-seven percent of online adults have used the internet to watch or download video, and 19% do so on a typical day. Three-quarters of broadband users (74%) who enjoy high-speed connections at both home and work watch or download video online...
Eminent Domain Appeal Rejected in Lodi NJ
A New Jersey appellate panel rejected an appeal from municipal officials in Lodi to utilize eminent domain to seize private property including two mobile home communities. The decision reaffirms a 2005 Superior Court ruling that stated the evidence claiming the property as "blighted" was not strong enough to allow the municipality to seize the land for private redevelopment....
Prices Rise In June While Existing-Home Sales Decline
Sales of existing homes fell in June with some potential buyers staying on the sidelines, but prices rose modestly as inventories eased...
HUD Rolls Out Green Initiative For Some Properties
The U.S. Department of Housing and Urban Development(HUD) today rolled out a nationwide pilot program to encourage owners of multifamily Section 8 properties to rehabilitate and operate their buildings using "green building" principles that embody a combination of sustainability, energy efficiency, recycled materials, indoor air quality, and incorporate the healthy housing approach pioneered by HUD's Healthy Homes Initiative...
Wall Street -- Not The Fed - Keeps SubPrime In Line
Despite government calls for tougher regulation in the subprime mortgage market, brokers and lenders don't seem to be getting their guidance from Washington. Instead, they're turning to Wall Street...
Foreclosure Specials Thrive In Niche
Overextended homeowners in buyers' markets combined with stagnant employment opportunities in some communities increase the odds that individuals will find themselves in desperate mortgage situations. Despite the trauma foreclosures impose on homeowners and communities, real estate professionals-particularly foreclosure specialists-can make a difference...
Builder Confidence Falls Further In July
A surplus of unsold homes on the market, combined with ongoing concerns in the subprime mortgage arena and affordability issues associated with tightened lending standards and higher interest rates, continues to take a significant toll on builder confidence, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI declined four points to 24 this month, which is its lowest level since January of 1991...
Home Prices To Recover in 2008 as Inventories Decline
WASHINGTON - Home prices are expected to recover in 2008 with existing-home sales picking up late this year and new-home sales rising early next year...
Celebrate: July 4th - Interesting Facts From The Census Bureau
On this day in 1776, the Declaration of Independence was approved by the Continental Congress, starting the 13 colonies on the road to freedom as a sovereign nation. As always, this most American of holidays will be marked by parades, fireworks and backyard barbecues across the country...
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