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Solid Fundamentals Support Commercial Real Estate

WASHINGTON, Sept. 18 /PRNewswire-USNewswire/ -- Most commercial real estate markets are enjoying relatively low vacancy rates and healthy rent growth from a fundamentally sound economy, according to the latest COMMERCIAL REAL ESTATE OUTLOOK of the National Association of Realtors(R).

Despite Labor and Pricing Pressures, Turner Forecasts Continued Increase in Construction Costs

New York, N.Y. - September 17, 2007 - Turner Construction Company, the nation’s leading general builder, today published its quarterly Turner Building Cost Index forecasting that construction costs in the US building industry are continuing to increase in the Third Quarter

Despite Mortgage Woes, Subprimes Serve Purpose

COLLEGE STATION, TX – High-risk home mortgages are facing national scrutiny thanks to the recent rise in subprime foreclosures, but a noted research economist with the Real Estate Center at Texas A&M University is coming to their defense.

NAHREP Members Overwhelmingly Favor FHA Reforms

WASHINGTON, Sept. 14 /PRNewswire-USNewswire/ -- Hispanic Real Estate Professionals overwhelmingly favor Federal Housing Administration reforms and believe Hispanic homebuyers and those with adjustable-rate subprime loans could be better served if proposed changes to FHA programs are quickly adopted by Congress, according to a survey released today by the National Association of Hispanic Real Estate Professionals (NAHREP).

Mortgage Problems to Dampen Home Sales in the Short Term

WASHINGTON, Sept. 11 /PRNewswire-USNewswire/ -- Tighter credit for home mortgages will measurably dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008, according to the latest forecast by the National Association of Realtors(R).

New Foreclosures Up in 47 States

WASHINGTON, Sept. 6 /PRNewswire-USNewswire/ -- The 2nd Quarter National Delinquency Survey, released today by the Mortgage Bankers Association (MBA), shows that mortgage loans entering foreclosure have increased in 47 states since this time last year. On average, the increases were 50% higher. Only four states -- North Dakota, South Dakota, Utah and Wyoming -- did not experience increases in new foreclosures. Less than two percent of the American population lives in those states.

U.S. HOUSE PRICES SLOW

WASHINGTON, DC – U.S. home prices increased only slightly in the second quarter of 2007 according to the OFHEO House Price Index (HPI). The HPI, which is based on data from sales and refinance transactions, was 0.1 percent higher in the second quarter than in the first quarter of 2007. This is below the revised growth rate of 0.6 percent for the previous quarter and the lowest since the fourth quarter of 1994. Prices in the second quarter of 2007 were 3.2 percent higher than they were in the same quarter of 2006, the lowest annual price change since the 1996-97 period.

APA Begins Work on American National Standard for SIPs

Gig Harbor, WA - July 30, 2007 - APA–The Engineered Wood Association received accreditation as a standards developer from the American National Standards Institute in May of 2007. The American National Standards Institute (ANSI) coordinates the development and use of voluntary consensus standards in the United States, and represents the needs and views of U.S. stakeholders in standardization forums around the globe.

Business Real Estate Press Releases

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AssetVal and Restb.ai to Modernize Broker Price Opinions with AI-Powered Visual...

AssetVal, a valuation industry leader known for delivering high-quality Broker Price Opinions (BPOs), is partnering with Restb.ai, a trusted innovator in computer vision AI for the mortgage

Recent Gov & Nonprofit Real Estate Press Releases