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Tame Inflation Figures Leave Mortgage Rates Mixed

McLean, VA - January 20, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). The survey results showed mixed results for both long- and short-term rates, with the 30-year rising slightly and the 15-year falling just as slightly.

HUD AWARDS $1.4 BILLION TO NEARLY 7,000 LOCAL HOMELESS PROGRAMS – PART OF ADMINISTRATION...

WASHINGTON, DC - January 20, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded $1.41 billion in funding to keep nearly 7,000 local homeless assistance programs operating in the coming year (see attached chart).

December Existing-Home Sales Jump

Washington, DC - January 20, 2011 - (RealEstateRama) -- Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS

Housing Starts Decline, Building Permits Rise in December

WASHINGTON, D.C. - January 20, 2011 - (RealEstateRama) -- Nationwide housing starts declined 4.3 percent to a seasonally adjusted annual rate of 529,000 units in the final month of 2010, according to newly released figures by the U.S. Commerce Department. While this was the slowest pace of starts activity since October 2009, the year-end data indicate that production of new homes improved 6.1 percent in 2010 from the previous year. On another positive note, permit issuance for construction of new homes and apartments rose 16.7 percent in December to a rate of 635,000 units, the strongest pace since March of 2010

Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - January 19, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 14, 2011. The Market Composite Index, a measure of mortgage loan application volume, increased 5.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 6.4 percent compared with the previous week

December Home Sales Rising, Prices Stabilizing

Denver, CO - January 19, 2011 - (RealEstateRama) -- Defying the seasonal trend, December home sales rose by 13.2% from November in a survey of 54 metropolitan areas. Home sales dropped 5.0% from December 2009, but this is the lowest year-over-year drop the survey has seen in five months.

Freddie Mac Releases 27th Annual ARM Survey Results

McLean, VA - January 18, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its 27th Annual Adjustable-Rate Mortgage (ARM) Survey of prime loan offerings, which was conducted January 3 to January 5 of this year

Builder Confidence Remains Unchanged In January

WASHINGTON, D.C. - January 18, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes held unchanged at a relatively low level of 16 for a third consecutive month in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today."As we emerge from the traditionally slow holiday season, builders continue to look for signs of improvement in the economy, home buyer demand and builder and consumer credit conditions," said 2011 NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. "Unfortunately, a severe lack of construction financing, and widespread difficulties in obtaining accurate appraisal values, continue to limit builders' ability to prepare for anticipated improvements in buyer demand in 2011."

Housing Moving to Higher Ground in 2011

WASHINGTON, D.C. - January 17, 2011 - (RealEstateRama) -- Housing will see gradual improvements in activity this year as the nation’s economy and job market continue to move to higher ground, establishing momentum that will produce more considerable gains in 2012, according to economists who appeared at the NAHB International Builders’ Show in Orlando on Jan.

Best and Worst Annual Housing Markets Announced

Destin, FL - January 17, 2011 - (RealEstateRama) -- The best and worst housing market forecasts for 2011 have been issued by Housing Predictor, which selects the 25 best and 25 worst markets annually. Markets selected have the highest probability of reaching their forecasts, and are updated over the entire year as housing market conditions change

Bankrate: Mortgage Rates Mostly Lower

NEW YORK, N.Y. - January 14, 2011 - (RealEstateRama) -- Mortgage rates were mostly lower this week, except for the benchmark conforming 30-year fixed mortgage rate, which held at 4.94 percent according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.38 discount and origination points.

New Research Shows Changing Market, Evolving Buyer Preferences for the 55+ Housing Market

WASHINGTON, D.C. - January 14, 2011 - (RealEstateRama) -- A joint study by the 50+ Housing Council of the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute shows the recession has made 55+ buyers more practical when selecting a new home. Design considerations have become less important, and financial concerns have become more prominent.Previous studies from these two organizations found that most 55+ buyers depended on home sale proceeds to finance a new purchase. The most recent data shows that option diminished during the economic downturn.

HUD AWARDS $127 MILLION IN GRANTS TO PROTECT THOUSANDS OF CHILDREN FROM LEAD AND...

WASHINGTON, DC - January 14, 2011 - (RealEstateRama) -- The U.S. Dept. of Housing and Urban Development today awarded nearly $127 million in grants to 48 local projects to conduct a wide range of activities intended to protect children and families from potentially dangerous lead-based paint and other home health and safety hazards (see chart below)

Mortgage Rates Down for Second Week

McLean, VA - January 13, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). The survey results showed lower mortgage rates for both long- and short-term rates, with the 30-year reaching a four-week low

HOME LISTINGS SEE MORE THAN TWO REDUCTIONS ON AVERAGE AS SELLERS SLASH PRICES, ACCORDING...

EMERYVILLE, CA - January 12, 2011 - (RealEstateRama) -- The number of price-reduced homes on the market this December remained at high levels compared to 2009, rising 23.4 percent according to a report surveying 26 US markets issued by national real estate brokerage, ZipRealty (www.ziprealty.com; NASDAQ: ZIPR)

Foreclosure Crisis Forces Families to “Double Up”

WASHINGTON, DC - January 12, 2011 - (RealEstateRama) -- This morning, the National Alliance to End Homelessness (NAEH) released a report indicating increases in foreclosures and families experiencing homelessness, including those living doubled up due to economic hardship.

Mortgage Refinance Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - January 12, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 7, 2011. The Market Composite Index, a measure of mortgage loan application volume, increased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 47.5 percent compared with the previous week, which included the New Year’s holiday

Rental Resurgence: Owners of Vacation Rentals Optimistic About Their Rental Business in 2011, According...

AUSTIN, TX - January 11, 2011 - (RealEstateRama) -- As leisure travel continues to rebound, owners of vacation rentals are expressing optimism about their bookings in 2011. In fact, HomeAway®, Inc. – the world’s leading online vacation rental marketplace – finds in its latest “HomeAway Vacation Rental Marketplace Report” that eight of 10 vacation rental owners anticipate their rental business this year will be stronger or about the same as it was in 2010.

U.S. OFFICE AND INDUSTRIAL VACANCY RATES CONTINUED TO DROP IN Q4 2010

Boston, MA - January 7, 2011 - (RealEstateRama) -- The national vacancy and availability rates in the U.S. office and industrial markets, continued to decline in the fourth quarter (Q4) of 2010, according to the latest analysis from CBRE Econometric Advisors (CBRE-EA). In Q4, the national office vacancy rate fell by 20 basis points (bps) to16.4%, the second consecutive quarterly decline. The national industrial availability1 rate decreased by 30 basis points in Q4 to 14.3%, marking the second consecutive decrease in availability and providing further proof that the industrial sector continues to heal.

NUMBER OF HOME LISTINGS DECLINES MORE THAN FIVE PERCENT IN DECEMBER, ACCORDING TO ZIPREALTY...

EMERYVILLE, CA - January 7, 2011 - (RealEstateRama) -- The number of home listings within 26 major U.S. metropolitan areas slipped 5.27 percent in December 2010, compared to a month prior, according to a monthly report of homes listed for sale on Multiple Listing Services (MLS) in the markets surveyed by national real estate brokerage, ZipRealty (www.ziprealty.com; NASDAQ: ZIPR).

Business Real Estate Press Releases

Recent Gov & Nonprofit Real Estate Press Releases

Mayor Adams Announces Bold New Vision for Coney Island, Including 1,500...

New York City Mayor Eric Adams today announced the next phase of an ambitious, bold new vision for Coney Island, Brooklyn that will deliver 1,500 new homes and invest in the reconstruction of the historic Riegelmann Boardwalk. In addition, the city will invest in new streets, sewers, and public realm improvements, including a $42 million renovation of the Abe Stark Sports Center.