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New Home Sales Decline in May
Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Mattapan Station Development in Boston Moves Forward
The Department of Housing Community Development (DHCD) and the Executive Office of Housing and Economic Development (EOHED) announced funding awards to POAH and Nuestra Comunidad Development Corporation that will enable construction to begin on 135 rental apartments
POAH continues expansion in Chicago and suburbs
POAH significantly extended its footprint in the Chicago area this spring with the acquisition of nearly 700 affordable rental apartments in the City and two suburbs, bringing to close to 1,800 the number of units it has preserved or created in the area since establishing a presence there in 2008. These latest acquisitions also bring POAH’s total portfolio to more than 11,000 affordable homes.
Senior Housing Wealth Reaches Record $7.14 Trillion
Homeowners 62 and older saw their housing wealth grow by 2.7 percent or $104 billion in the first quarter to a record $7.14 trillion from Q4 2018, the National Reverse Mortgage Lenders Association reported today
Congressmen Higgins and Kelly Introduce Bill to Build and Rehabilitate 500,000 Homes in Distressed...
The National Association of Affordable Housing Lenders (NAAHL) welcomes the introduction of the Neighborhood Homes Investment Act (NHIA) (H.R. 1337) by Reps.
Variety of Cleaners for Cleaning the Concrete and Make it Shinning
There is a broad range of cleaners available for cleaning or removing pollution from concrete floors. Knowing what these distinct cleaners do and how they operate on your next renovation venture can save your money and time.
What is an Estate Sale and How Should You Shop at Them
What if the best deals you've ever seen were hidden inside your neighborhood? Estate sales are a great way to find deals on many rare items. However, many people miss out because they're still asking "What is an estate sale?"
Real Estate Investors “Improve Neighborhoods One Home at a Time” Affirm Their Support of...
During their annual meeting in Louisville, KY, the National Real Estate Investors Association (National REIA) reaffirmed their commitment to American Housing Month (June)
New Federal Standard to Improve Safety of High Chairs Takes Effect
The U.S. Consumer Product Safety Commission (CPSC) approved a new federal mandatory safety standard to make high chairs safer for both home and restaurant use.
CONTRACTORS NEED NOT APPLY: ADMINISTRATION’S NEW APPRENTICESHIP PROPOSAL FAILS TO ADDRESS GROWING CONSTRUCTION INDUSTRY...
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, released the following statement in response to the release of the Department of Labor
House Passes Robust Funding For DOE’s Energy Efficiency Programs
The Alliance to Save Energy released the following statement from President Jason Hartke after the U.S. House passed a ‘minibus’ spending bill including increased funding for energy efficiency programs in the Department of Energy
Appraisal Institute Urges Congress to Address Valuation Issues
The president of the Appraisal Institute, the nation’s largest professional association of real estate appraisers, encouraged Congress to act on valuation topics during today’s hearing on Capitol Hill.
Hanley Investment Group Arranges Sale of Two-Tenant Retail Property at Zinfandel Crossings in Sacramento...
Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the second transaction in the
MLS Grid Earns Innovator Award Finalist Selection
MLS Grid, the real estate industry collaborative of multiple listing services (MLSs) providing an easy way to deliver standardized data, has earned a coveted spot as a “2019 Inman Innovator Award” finalist.
FERC’s Dispute Resolution Service Gets New Home
Federal Energy Regulatory Commission Chairman Neil Chatterjee today announced a new home for FERC’s Dispute Resolution Service (DRS) in the Office of the General Counsel (OGC). “This move to OGC will give DRS higher visibility, an expansion of opportunities to use dispute resolution and more effective
Vice President Pence and Secretary Bernhardt Highlight the Need for Bipartisan Fix to National...
Vice President Mike Pence and U.S. Secretary of the Interior David Bernhardt visited Yellowstone National Park to renew the Trump Administration’s call for bipartisan legislation to fix infrastructure at National Parks
Ginnie Mae MBS Outstanding Increases to $2.068 Trillion
Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $39.829 billion in May. A breakdown of May issuance includes $38.571 billion of Ginnie Mae II MBS and $1.517 billion
National Association of Realtors® Applauds House Efforts to Advance NFIP Reforms
John Smaby, President of the National Association of Realtors®, issued the following statement after the House Financial Services Committee voted Wednesday evening to advance the National Flood Insurance Program Reauthorization Act of 2019
Chicago Nonprofit Affordable Housing Developer Continues its Expansion in City & Suburbs
Only a month after expanding its footprint through the acquisition of affordable apartment buildings from the YMCA in Chicago and Harvey, IL, Preservation of Affordable Housing (POAH) announced today it is extending its reach by acquiring four
Why Home Equity Lines of Credit are Better than Reverse Mortgages
Home equity lines of credit and reverse mortgages have many similar features. Overall, however, a home equity line of credit (HELOC) offers a more versatile and advantageous way for home owners to access funds based on equity.
