Saturday, September 14, 2024
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U.S. FORECLOSURE ACTIVITY INCREASES 75 PERCENT IN 2007

RealtyTrac the leading online marketplace for foreclosure properties, today released year-end data from its 2007 U.S. Foreclosure Market Report, which shows a total of 2,203,295 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,285,873 properties nationwide during the year, up 75 percent from 2006.

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

Foreclosing on the American Dream?

Nation's Most Respected Housing Experts Discuss Solutions to Foreclosure Crisis & Ways to Recreate Sustainable Homeownership At National Community Reinvestment Coalition Annual Conference - March 12_15

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.

2007 Existing-home Sales Fifth Highest

Existing-home sales declined in December following several months of stable activity, with total sales in 2007 still at the fifth highest on record, according to the NATIONAL ASSOCIATION OF REALTORS

Existing-home Sales Down in December but 2007 was Fifth Highest on Record

WASHINGTON, January 24, 2008 - Existing-home sales declined in December following several months of stable activity, with total sales in 2007 at the fifth highest on record, according to the National Association of Realtors

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.

Stimulus Package Must Include Loan Limit Increase to Help Homeowners, Economy Immediately, Says NAR

WASHINGTON, January 17, 2008 - The National Association of Realtors® today urged President George W. Bush and Congress to help homeowners and the national economy by loosening constraints on Fannie Mae and Freddie Mac as an integral part of a federal stimulus package currently being discussed.

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.

Foreclosure Crackdown May Hurt Investors

States Clamp Down on Sharks; Legitimate Investors May Feel Sting As the number of foreclosure filings climbs, increasing by 99.5 percent between the third quarter of 2006 and that of 2007, so does the number of laws designed to protect consumers from scams that pretend to help troubled home owners refinance.

Get Rich in Your Niche: Sales Strategy for Today

Real estate practitioners need to adopt new strategies in the new year to give them a competitive edge, given that there are more than 2.5 million licensed real estate practitioners nationwide--all of them competing for work in a slow market.

RE/MAX Ranked the Top Real Estate Franchise

(Denver, CO., January 16, 2008) - RE/MAX International is the nation's number one real estate franchise, and the number ten franchise overall, according to Entrepreneur Magazine's 29th Annual "Franchise 500 Survey." RE/MAX has held the honor of the top real estate franchisor for eight of the past ten years.

NMHC/NAA File Suit to Block New Regulations Restricting Contracts Between Apartment Owners and Cable...

WASHINGTON, DC -- The National Multi Housing Council and National Apartment Association (NMHC/NAA) today filed a lawsuit against the Federal Communications Commission (FCC) asking the courts to strike down the FCC’s recently issued regulations retroactively banning “exclusive access” agreements between cable providers and apartment owners.

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.

MBA’s “Stop the Cram Down Resource Center” Puts a Price Tag on Bankruptcy Reform

WASHINGTON, D.C. - Jan. 15, 2007 - A proposed change in the bankruptcy law that would allow bankruptcy judges to unilaterally change the terms of mortgage contracts would cost home buyers across the country hundreds of dollars every month and thousands of dollars a year, according to a new resource on MBA’s website

U.S. National


Understanding Biophilic Workplace Design and Its Benefits

Understanding Biophilic Workplace Design and Its Benefits

National
Biophilic workplace design is a trend covering more and more office buildings in 2024. The concept is the idea of mixing people and nature while in a working environment. It comes with a
EasyKnock: A Midyear Recap

EasyKnock: A Midyear Recap

National
Anyone who’s watched the news knows the U.S. housing market has been a rollercoaster ride for quite some time. According to Forbes Advisor, “The housing market might finally be entering a transitional phase. Nonetheless, experts say the housing market
6 Key Factors to Evaluate When Renovating Your Home

6 Key Factors to Evaluate When Renovating Your Home

National
Renovating your home can be one of the most rewarding experiences as a homeowner. Whether you're modernizing an outdated kitchen, adding more living space, or enhancing the
NAHB

NAHB Opens Registration for 2025 International Builders’ Show in Las Vegas

National
The National Association of Home Builders (NAHB) officially opened online registration and housing today for the 2025 NAHB International Builders’ Show® (IBS), the largest annual light
Congresswoman Marcy Kaptur

Kaptur Announces $4.3 Million in Federal Funding to Boost Clean Energy and Energy Efficiency...

National
Congresswoman Marcy Kaptur (OH-09), Ranking Member of the House Appropriations Subcommittee on Energy and Water

Parks Group Welcomes Western Solar Plan, Calls for Responsible Development to Protect National Parks...

National
“We see the dramatic impact of climate change on our national parks every day. That’s why we need a transition to renewable energy that makes sure solar development is sited quickly and where it makes the most sense, minimizing harm to national parks and the communities they support."–Matt Kirby, NPCA's Senior Energy and Landscape Conservation Director
FEMA

FEMA Grants Won’t Affect Other Federal Benefits

National
Applying for disaster assistance will not affect other federal benefits you may receive. Those who sustained loss from the severe storms, straight-line winds, tornadoes, landslides and

POAH Acquires 94 Senior Affordable Apartments in Southeast MA and Cape Cod

National
Preservation of Affordable Housing (POAH) has acquired two senior affordable housing properties in very desirable Massachusetts communities that are vulnerable to increasing housing costs: Northside Village in Dennis and Westport Village in Westport.
NAR

Pending Home Sales Dropped 5.5% in July

National
Pending home sales in July retreated 5.5%, according to the National Association of REALTORS®. All four U.S. regions posted monthly losses in transactions. Year-over-year, the Northeast rose while the Midwest, South and West registered declines.

The Ultimate Guide to Waterproofing Membranes: Types, Benefits, and Applications

National
Waterproofing membranes are essential components in the construction and maintenance of buildings, ensuring protection against water infiltration. Whether it’s a foundation, roof, or wet area, applying waterproofing membranes prevents damage that can lead to structural degradation, mold growth, and costly repairs.
EPA

EPA Proposes Settlement to Provide $151 Million for Cleanup of Raritan Bay Slag Superfund...

National
The U.S. Environmental Protection Agency announced a proposed consent decree that would pay EPA’s past and future costs of cleanup at the Raritan Bay Slag Superfund Site in Old Bridge Township and Sayreville, New Jersey.
Congresswoman Marcy Kaptur

Kaptur Announces $24.5 Million USDOT Award To Lucas, Wood, Ottawa, and Sandusky Counties in...

National
Congresswoman Marcy Kaptur (OH-09) announced the US Department of Transportation will award $24.5 Million to Lucas,
U.S. Department of the Treasury

U.S. Department of the Treasury Issues Proposed Rules to Expand Clean Energy Investments in...

National
the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking (NPRM) for 48E(h), the Clean Electricity Low-Income Communities
MBA

MBA Forecast: Commercial/Multifamily Borrowing and Lending to Increase 26 Percent to $539 Billion in...

National
Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion in 2024, which is a
AGC

CONSTRUCTION SPENDING SLIPS 0.3 PERCENT IN JULY WITH DECREASES IN PRIVATE PROJECTS AS NEW...

National
Construction spending slid 0.3 percent from June to July, pulled down by declines in private residential and nonresidential

The Ultimate Home Cleaning Routine: Transform Your Space in 7 Simple Steps

National
Maintaining a clean and organized home is essential for physical and mental well-being. A tidy living space looks appealing and creates a healthier environment for you and your family. In this article, we'll explore a foolproof cleaning routine that will help you keep your home spotless with minimal effort.
Congresswoman Suzanne Bonamici

Oregon Delegation Celebrates Almost $120 Million to Supercharge EV Charging Infrastructure Across West Coast

National
Oregon’s U.S. Senators Jeff Merkley and Ron Wyden, along with U.S. Representatives Earl Blumenauer (OR-03), Suzanne

Recent CRL Solar Lending Paper Supports Federal Regulators’ Call for Increased Enforcement to Protect...

National
Federal consumer regulatory agencies today released data and resources that reflect findings in a?paper?released last week by the Center for Responsible Lending (CRL) that show the nation’s leading residential solar energy financing lenders currently use many of the predatory methods employed in the subprime mortgage lending market of 2007-2010
HUD - U.S. Department of Housing and Urban Development

HUD Announces Nearly $4 Million Loan Guarantee for Gordon Moore Park Improvement Project

National
The U.S. Department of Housing and Urban Development (HUD) today announced a $3,916,000 loan guarantee to the County of
Congresswoman Zoe Lofgren

Lofgren & Local Leaders Celebrate Nearly $2.7 Million in Federal Funding for Housing Projects...

National
U.S. Congresswoman Zoe Lofgren (CA-18) presented two checks appropriated by Congress for community projects totaling $2,666,279 for housing projects in Santa Clara County.

U.S. States


FEMA

President Donald J. Trump Approves Emergency Disaster Declaration for Texas

Texas
FEMA announced federal disaster assistance has been made available to the state of Texas to supplement state and local recovery efforts in the areas affected by Hurricane Hanna from July 25, 2020, and continuing
FEMA

FEMA Fire Management Assistance Granted for the Numbers Fire

California
The Federal Emergency Management Agency (FEMA) has authorized the use of federal funds to assist the State of Nevada in combating the Numbers Fire burning in Douglas County.
Start An LLC In Texas

How Much Does It Cost To Start An LLC In Texas?

National
In the process of setting up your Texas LLC, you'll be faced with quite a few expenses. Some of these are required by legislation, and others are just recommended. We'll cover the costs of setting up an LLC in Texas and also provide you with the informatio
Registered Agent In Texas

5 Benefits Of Using A Registered Agent In Texas

Texas
The services of a registration agent began as part of due process in the US Constitution. A lawsuit includes the legal right to be notified of claims or other legal matters. Here are some brief things that will help explain what a Registered Agent Service In Texas 

Avoid TV Tip-Over Incidents During Super Bowl LIV with Safety Tips

New York
The New York State Division of Consumer Protection (DCP) is alerting consumers about the dangers of television (TV) tip-over hazards. Millions of New Yorkers will watch the Super Bowl this Sunday either on TVs at home or at parties with friends. DCP is taking this TV-focused occasion to remind consumers of critical TV safety tips.
Starbucks_Fresno

Brand-New Single-Tenant Starbucks Drive-Thru Trades in Fresno, Calif. for $1,345 PSF

California
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 has completed the sale of a brand-new, single-tenant Starbucks
FEMA

Rosenberg family home for the holidays – and prepared for future hurricanes

Texas
A Houston-area mom is sharing her Hurricane Harvey recovery story this holiday season, along with the importance of always being prepared for flood events.

5 Cities in Florida: Which One Makes for the Best Real Estate Investment Opportunity...

Florida
Fast-growing Florida has been a favorite of real estate investors for many years. With so much interest having been focused on the state, though, investors need to take care to seek the best available opportunities.

WALTER J. MAHONEY STATE OFFICE BUILDING TO BE SOLD

New York
Office of General Services Commissioner RoAnn Destito today announced that the Senator Walter J. Mahoney State Office Building located at 65 Court Street in Buffalo will be sold at auction in 2020. A work group formed earlier this year made up of City, County, and State officials working with professional real estate consultants CBRE, determined that in the current competitive and robust Buffalo real estate market
SCR

Charleston South Carolina expected to outpace national real estate market averages through 2025

National
The National Association of Realtors® (NAR) recently identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are
Peter Evering

WHAT IS THE EVICTION PROCESS IN CALIFORNIA?

California
Eviction is a dirty word for both tenants and the landlords that believe the time has come to remove one or more parties from an apartment. The process anywhere can lead to a strained relationship at best and a bitter acrimonious fight that ends up in the judicial system.
FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Texas
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Katy, Houston and Spring from Monday, Dec. 9, to Saturday
ABC National

Florida Tops ABC’s Annual Merit Shop Scorecard State Ranking for Second Year in a...

Florida
Associated Builders and Contractors released its 2019 Merit Shop Scorecard today, an annual ranking based on state policies and programs that encourage workforce development, career and technical education
Top 4 Places to Buy a Second Home

Top 4 Places to Buy a Second Home in the US

National
There are about 7.4 million homes owned as a second home in the United States. For many people, their second home is a vacation home. This gives them a chance to get away and break routine while also having all of the comforts of being in their own home.
Carol Corden cuts the ribbon

Ribbon Cutting Celebrating New Affordable Apartments in the Bronx for Low-Income Families and Domestic...

New York
New Destiny was joined by supporters and colleagues to celebrate the opening of its newly constructed service-enriched affordable housing project - The Jennings - located in the Crotona Park East
HUD - U.S. Department of Housing and Urban Development

HUD AWARDS $1.5 MILLION TO PUBLIC HOUSING AUTHORITIES TO ASSIST YOUNG PEOPLE AGING OUT...

National
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out

BLM NAMES VETERAN LAND MANAGER TO LEAD CALIFORNIA STATE OFFICE

California
The Bureau of Land Management today announced that Karen Mouritsen has been named the new California State Director—a key leadership position based in Sacramento. As State Director, Mouritsen will direct a team that manages lands encompassing 15% of the Golden State’s total land mass
USDOJ

California Real Estate Developer Convicted of Making Conduit Contributions in Two U.S. Congressional Campaigns

California
Today, a federal jury found an Oakland-area real estate developer guilty for funneling tens of thousands of dollars through straw donors into two consecutive congressional campaigns

NYS OASAS ANNOUNCES OPENING OF NEW RECOVERY CENTER IN NEW YORK CITY

New York
The New York State Office of Alcoholism and Substance Abuse Services (OASAS) today announced the opening of the new JLC Recovery and Wellness Center in New York City. JLC is operated by Exponents Inc. and provides free help and support services for people affected by addiction and for their families.

Robust U.S economy not a boost for black homeownership

National
In spite of a robust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop. Drawing from the 2019 release of the National Association of Real Estate Brokers

Popular


AGC

SIXTY PERCENT OF FIRMS WORKING ON HIGHWAY UPGRADES EXPERIENCED CARS CRASHING INTO THEIR WORK...

National
Annual Survey by HCSS and Associated General Contractors of America Finds Drivers and Passengers are at Greater Risk of Injury and Death in Work Zone Crashes As Officials Urge Drivers
NAHB

New Home Sales Decline in May

National
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.
DOI

$17+ Million in Grants Will Help States, Local Communities Keep Waters Clean, Economies Thriving

National
Water-loving outdoor recreationists and local communities in 27 states will have additional resources to help boaters keep America’s waters clean, thanks to more than $17 million in Clean Vessel Act program grants from the U.S. Fish and Wildlife Service.
FEMA

Port Aransas ready for return of summer tourism

Texas
Texas SandFest drew a record 35,000 people April 26-28, encouraging business owners that Port Aransas is on its way to recovery. With nearly all the city’s retailers and restaurants re-opened, residents are beginning to feel like things are getting back to normal.
OJO Labs - Eight Major Awards

OJO Labs: Five Months, Eight Major Awards

National
OJO Labs, a leading-edge technology company on a mission to empower consumer decision-making through its conversational AI assistant, OJO, won the highly coveted 2019 A-List Award among mid-sized companies from the Austin Chamber of Commerce in partnership with SXSW
Property on Airbnb

Should I Rent Out my Property on Airbnb?

National
Listing property on Airbnb has become a popular way to make extra money, meet new people, and provide some freedom, but there are a few key things to think about when you are considering listing your property. It is key to know what you’re getting yourself into.
Rockefeller Foundation

The Rockefeller Foundation Launches $5.5 Million Opportunity Zone Community Capacity Building Initiative for Select...

National
The Rockefeller Foundation today announced an initiative to help U.S. cities attract responsible private investment in economically-distressed communities through Opportunity Zones created in the 2017 Tax Cuts and Jobs Act. This effort will help ensure new investment delivers sustainable benefits for more than 30 million low-income Americans living in Opportunity Zones
PaulineWeaver

Eden Housing and City of Fremont Celebrate Grand Opening of KTGY-Designed Affordable Senior Housing...

National
Pauline Weaver Senior Apartments is located in the Warms Springs area of Alameda County and features 90 apartment homes for very low and extremely low-income seniors, near I-880 freeway, BART, shopping, services and other amenities.
VA

VA’s Home Loan Guaranty program notifies Veterans of potential loan fee waivers

National
The U.S. Department of Veterans Affairs (VA) announced May 13 that Veterans who qualify for a VA Home Loan funding fee waiver are now being notified in their home loan eligibility certificate and disability compensation award letter.
Merri Jo Cowen - headshot

A Stellar Idea: My Florida Regional MLS Reimagines the Multiple Listing Service

The nation's third-largest Multiple Listing Service, My Florida Regional MLS, will become Stellar MLS on June 4, 2019, in a move that totally reimagines the MLS. Currently serving 58,000 customers
HUD - U.S. Department of Housing and Urban Development

NATIONAL ASSOCIATION OF HOME BUILDERS TO CO-HOST HUD INNOVATIVE HOUSING SHOWCASE

National
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department's inaugural "Innovative Housing Showcase." The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019

Department of the Interior: Yakima Water Plan Is a “Model” and “Holistic”

Yesterday, U.S. Senator Maria Cantwell (D-Wash.), ranking member of the Senate Energy and Natural Resources Committee, asked the Department of the Interior about its commitment to the Yakima River Basin during a hearing on the president’s FY 2017 budget request. Deputy Secretary of the Interior Michael Connor agreed with Sen. Cantwell that the Yakima River Basin plan “is a model for the rest of the nation in water management.”

Energy Costs to Cook Thanksgiving Meal Up to 25% Lower in 2015

“Consumers Energy is thankful to be a part of holiday celebrations across the state as warm Thanksgiving memories are being made, and we are committed to providing many more generations of Michigan families with reliable, affordable energy in all seasons,” said Garrick Rochow, Consumers Energy’s vice president and chief customer officer

Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound

Department Enters into Consent Order with Equity Loans, LLC and its owners Eduardo Gutierrez...

Atlanta, Georgia - November 13, 2013 - (RealEstateRama) -- the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Equity Loans, LLC, License Number 23300, located at 1150 Hammond Dr., Building E, Suite 650, Atlanta, Georgia 30328, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act

Business Real Estate Press Releases

17 MLSs Launching with Restb

Restb.ai brings AI and computer vision tech to 17 MLSs, reaching...

In its continuous efforts to bring cutting-edge AI and computer vision tools to real estate agents and brokerages throughout North America, Restb.ai, real estate’s leading AI-powered

Recent Gov & Nonprofit Real Estate Press Releases

Understanding Biophilic Workplace Design and Its Benefits

Understanding Biophilic Workplace Design and Its Benefits

Biophilic workplace design is a trend covering more and more office buildings in 2024. The concept is the idea of mixing people and nature while in a working environment. It comes with a