RealEstateRama
NAREE Real Estate Journalism Competition to Offer More Than $10,000 in Cash Awards
NAREE REAL ESTATE JOURNALISM CONTEST EXPANDS WITH 11 NEW CATEGORIES; $10,000 IN PRIZE MONEY. AWARDS OPEN FOR WEEKLY BUSINESS PAPERS, SPOT NEWS REPORTS; MORTGAGE & HOME DESIGN WRITERS
Among Foreign Investors, U.S. Real Estate Trounces Competition – But Gap between U.S. and...
Despite a growing interest in Asia, U.S. real estate, by a wide margin, has risen to the top of the global property market among foreign investors, with New York City and Washington named the top two global cities for foreign investors' real estate dollars according to the results of the 16th annual survey released today by the Association of Foreign Investors in Real Estate (AFIRE).
Live Auction Industry Exceeds $270 Billion in 2007
OVERLAND PARK, Kan., Jan. 28 /PRNewswire-USNewswire/ -- In 2007 the gross revenue from goods and services sold at live auction grew 5.3% to $270.7 billion. In 2006, the auction industry sold $257.2 billion in goods and services at auction, an increase of 7.1% from 2005
Fixed-Rate Mortgage Rates Plummet To Lowest Levels In Four Years
McLean, VA – January 24, 2008 - Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.48 percent with an average 0.4 point for the week ending January 24, 2008, down from last week when it averaged 5.69 percent as well. Last year at this time, the 30-year FRM averaged 6.25 percent.
Manufactured Housing Well Positioned to Provide Quality Affordable Homeownership
Washington, DC, January 22 - The Manufactured Housing Institute (MHI), today, released its National Policy Agenda for 2008. Gail Cardwell, President of MHI said, “Manufactured and modular housing are the right answer, at the right time for consumers looking for quality housing options.
America’s Richest Counties
It's easy to assume that the nation's richest counties dot the tri-state area around New York City, or San Francisco's Bay Area. Homeowners there, after all, shell out millions of dollars for small luxuries such as a lawn and a garage.
Over 300 Bank-Owned Homes Hit Auction Block in Buckeye State While Another 50 Pittsburgh...
As home prices drop and foreclosures swell, particularly in states like Ohio, buyers are increasingly flocking to foreclosed real estate auctions to find discounted property. Auctions of foreclosed homes, also known as bank-owned, give buyers an opportunity to purchase property below market value because banks are eager to dispose of these non-performing loans.
America’s Most Lucrative Neighborhoods
Twenty years ago, few house-hunters were interested in Charlestown, Mass. In this small, dense neighborhood, just across the river from Boston, commercial fishing piers and industrial development fell in the shadow of Interstate 93. Property values were appropriately low.
Secretary Paulson Statement on HOPE NOW Progress Report
Washington - Secretary Henry M. Paulson, Jr. issued the following statement today regarding the HOPE NOW alliance's progress report on the number of homeowners helped since the organization's inception. The report indicated that during the fourth quarter, following the creation of the alliance, mortgage servicers in the organization were modifying subprime loans three times faster than in the third quarter.
Foreclosures Push Down Rents
Due to home owners trying to rent homes they can’t sell, rentals are abundant and prices are at bargain levels in areas hit hard by foreclosures.
Soft-Market Secrets To Selling A High-End Home
Sales of new homes dropped last month to their lowest level in more than 12 years. Mortgage applications have fallen to their lowest level in a year. Bidding wars are pretty much done
OFHEO Releases New Mortgage Market Note About The Conforming Loan Limit And High-Cost Areas
Washington , DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has published a new Mortgage Market Note on the conforming loan limit. The Note provides background information on the potential implications of increasing the conforming loan limit in high-cost areas, as proposed in pending House and Senate legislation.
Online Real Estate Firms Adopt New Publishing Format
Leading online real estate companies Yahoo! Real Estate, Zillow.com®, and Trulia.com today announced they will share a new standard data format for the distribution of real estate listings online.
OFHEO Issues Policy Guidance On Fannie Mae And Freddie Mac Mortgage Fraud Programs
Washington, DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has issued a revised Policy Guidance on the Examination of Mortgage Fraud Programs of Fannie Mae and Freddie Mac. The guidance details the standards for overseeing and evaluating policies and programs the Enterprises have developed to minimize mortgage fraud.
USAA Real Estate Company Announces Oversubscription To US Industrial REIT II
San Antonio, TX - January 10, 2008 - USAA Real Estate Company announced today the successful conclusion of fundraising for the US Industrial REIT II. The fund has raised $450 million in equity commitments from ten institutional investors including domestic pension funds, insurance companies and other fund investors, $50 million more than originally planned.
Best And Worst Cities For Renters
Writing a monthly rent check often feels like lighting money on fire. You'll never again see that cash, you build no equity and there are no tax benefits.
Behringer Harvard Completes Offering of Opportunity REIT I
DALLAS, January 7, 2008 — Behringer Harvard today announces that Behringer Harvard Opportunity REIT I, Inc., a non-traded real estate investment trust (REIT), reached full subscription. The Opportunity REIT generated approximately $530 million in gross offering proceeds through the sale of approximately 53.1 million shares in its primary offering.
Rep. Maloney: Widespread Private Sector Job Losses Indicate Housing/Credit Spillover
WASHINGTON, DC - January 4, 2008 - Congresswoman Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement today regarding the Bureau of Labor Statistics’ December 2007 employment situation
Best and Worst Places for Home Inspection
ASHI Reveals its 2007 State Rankings: Louisiana, New Jersey and Arizona Retain Top Three Spots for Protecting Consumers; Homeowners in Florida, Pennsylvania and California Beware
Centerline, Freddie Mac Complete $2.8B Bond Portfolio Securitization
New York, NY – Centerline Holding Company (NYSE: CHC), the parent company of Centerline Capital Group (Centerline or the Company), and Freddie Mac (NYSE: FRE) announce completion of a securitization of Centerline's $2.8-billion tax-exempt affordable housing bond portfolio with Freddie Mac. The transaction closed December 27, 2007.
