NAR

Number of Real Estate Teams is Growing, NAR Survey Finds

Teams are becoming more common in the real estate industry as an increasing number of Realtors®, members of the National Association of Realtors®, consider themselves a member of a real estate team, according to a new survey by NAR.
MBA

MBA’s Future Leaders Program Graduates 72 Residential and Commercial/Multifamily Real Estate Finance Professionals

The Mortgage Bankers Association (MBA) today recognized a total of 72 mortgage professionals -- 36 from the residential market segment and 36 from the commercial/multifamily market segment -- in a graduation ceremony for MBA's Future Leaders Program
Mercy Housing

GRAND OPENING OF NATALIE GUBB COMMONS BRINGS 190 AFFORDABLE HOMES TO SAN FRANCISCO’S TRANSBAY...

Mercy Housing and Mayor London Breed celebrated the opening of 190 affordable family apartments in Natalie Gubb Commons.  The affordable homes were developed as part of the Transbay Redevelopment Project Area, spearheaded by the Office of Community Investment and Infrastructure (OCII).
NLIHC

New Report on Preservation & Neighborhood Opportunity in the Low-Income Housing Tax Credit Program

The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation (PAHRC), both leaders in affordable housing research, released a new report today, Balancing Priorities: Preservation and Neighborhood Opportunity in the Low-Income Housing Tax Credit Program Beyond Year 30.

Investing outside the box — 5 alternative real estate picks

Mention real estate to many potential investors and they’ll conjure up images of sleek chrome skyscrapers, high-end apartment complexes and plush suburban homes with well-manicured lawns.
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Distinctive Single-Family Homes in Costa Mesa Win Design Award

International award-winning KTGY Architecture + Planning is pleased to announce that KTGY’s excellence in residential design and planning has been recognized by the Building Industry Association’s (BIA) Greater Sales and Marketing Council’s 2018 SoCal Awards program. Vitae in Costa Mesa received the SoCal Award for “Best Design Detached Home Under 2,000 SF.” This year’s competition drew more than 500 entries.

Public Interest Groups Applaud FHFA Move to Expand Resources for LEP Borrowers

Today, a group of civil rights and consumer advocacy organizations, including Americans for Financial Reform Education Fund, the Center for Responsible Lending, Connecticut Fair Housing Center, Consumer Action, Empire Justice Center, National CAPACD, National Consumer Law Center, National Fair Housing Alliance, and UnidosUS, convened by the Americans for Financial Reform (AFR) Language Access Task Force, applauded the Federal Housing Finance Agency (FHFA) for launching
NHC

National Housing Conference says HUD fair housing assessment tool should be reinstated

NHC has called on HUD to reinstate its Assessment Tool and continue requiring communities to submit Assessments of Fair Housing (AFH) over its outdated and inefficient predecessor. HUD ended the new approach earlier this year. The request was made in comments submitted by NHC to HUD’s Affirmatively Furthering Fair Housing (AFFH): Streamlining and Enhancements advanced notice of proposed rulemaking
NAHB

Multifamily Decline Pushes Overall Housing Starts Down in September

Led by a drop in multifamily production, total housing starts fell 5.3 percent in September to a seasonally adjusted annual rate of 1.2 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department
Sheila Schmidt

Meridian Opens Phoenix-based Real Estate Office and Names Sheila Schmidt as Vice President of...

Meridian, a full-service real estate developer and owner of medical real estate, announced today that industry veteran Sheila Schmidt has been hired as Vice President of Development. She will be based in Meridian’s new Phoenix office located at 2375 N. Camelback Road, Suite 600 and will lead the company’s development efforts in the southwestern region of the United States
Ginnie Mae

Ginnie Mae’s Mortgage-Backed Securities Portfolio Tops $2 Trillion, Providing More Americans the Opportunity for...

Ginnie Mae’s mortgage-backed securities (MBS) portfolio has reached $2.008 trillion in unpaid principal balance, the federal guarantor announced today. That’s up from $1 trillion just eight years ago
MBA

MBA Opens Doors Foundation Announces 2018 Award Winners

The Mortgage Bankers Association (MBA) today announced the recipients of the MBA Opens Doors Foundation (Opens Doors) annual awards, which recognize those who have made lasting contributions to advance the Foundation's mission of providing mortgage and rental assistance grants to parents and guardians caring for a critically ill or injured child
MBA

MBA Forecast: Purchase Originations to Increase to $1.2 Trillion in 2019

The Mortgage Bankers Association (MBA) announced today at its 2018 Annual Convention and Expo in Washington, D.C., that it expects to see $1.24 trillion in purchase mortgage originations in 2019 - a 4.2 percent increase from 2018. MBA anticipates refinance originations will continue to trend lower next year, decreasing by 12.4 percent to $395 billion.
DOE

Department of Energy Announces $46 Million to Improve Resiliency of Solar Generation

The U.S. Department of Energy (DOE) announced up to $46 million in research funding to advance holistic solutions that provide grid operators the situational awareness and mitigation strategies against cyber and physical threats. With more and more solar generation coming online every day, grid operators need the tools and technologies to ensure that the electric grid is resilient and energy services are delivered to critical infrastructure.

Ohio Contractor Tom Martin Named SMACNA 2018 Contractor of the Year

Tom Martin, President of T.H. Martin Inc. in Cleveland, Ohio, received the annual SMACNA Contractor of the Year award at the Sheet Metal and Air Conditioning Contractors’ National Association’s 75th Annual Convention today.
NAHB

Builder Confidence Rises One Point in October, Remains at Summer Levels

Builder confidence in the market for newly-built single-family homes rose one point to 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held in the high 60s since June
NAR

Realtors® Applaud Senate Passage of 2018 WRDA Bill

National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement after the Senate today voted to pass S. 3021, America’s Water Infrastructure Act of 2018.
MBA

September New Home Purchase Mortgage Applications Increased 8.2 Percent

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2018 shows mortgage applications for new home purchases increased 8.2 percent compared to September 2017. Compared to August 2018, applications decreased by 9 percent.
MBA

MISMO® Seeks Input on Standardized Dataset for Private Label Mortgage Assets

MISMO, the mortgage industry's standards organization, is seeking participants to define a standardized mortgage asset dataset to support rating agency asset valuation efforts necessary for securitizing residential mortgages.
ULI

Housing Developments in Houston, Chicago, Honolulu, Washington, D.C., and Haverhill, Massachusetts are Selected as...

Avenue Place/Avenue Terrace in Houston, Clybourn 1200 in Chicago, Keauhou Lane in Honolulu, Conway Center in Washington, D.C., and Harbor Place Residences in Haverhill, Massachusetts have been selected by the Urban Land Institute’s (ULI) Terwilliger Center for Housing as the winners of the 2018 Jack Kemp Excellence in Affordable and Workforce Housing Award.

Editors’ Picks

Making Shopping for Your First Home a Fun Experience

Your First Home
Maybe you have plans to get married and need to secure your first home so you have a place to move into after your honeymoon. Other first time homebuyers have rental leases that are soon to expire. While finding the first piece of residential property that you are to own and live in

South Cove, First New For-Sale Residential Development in Dana Point to...

South Cove
International award-winning firm KTGY Architecture + Planning is pleased to announce the recent opening of the KTGY-designed residential models at South Cove in Dana Point, California. Built by San Diego-based real estate development company Zephyr, this is Dana Point’s first new for-sale residential development to open in decades. South Cove is a unique, barefoot community that exudes laid-back luxury in a highly-coveted coastal setting at the southern gateway of Dana Point.

Norton Reelected as Top Democrat on Highways and Transit Subcommittee

Congresswoman Eleanor Holmes Norton (D-DC) was elected by her fellow Democrats on the House Transportation and Infrastructure Committee to return as the Ranking Member of its Subcommittee on Highways and Transit.

Business Real Estate Press Releases

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Distinctive Single-Family Homes in Costa Mesa Win Design Award

International award-winning KTGY Architecture + Planning is pleased to announce that KTGY’s excellence in residential design and planning has been recognized by the Building Industry Association’s (BIA) Greater Sales and Marketing Council’s 2018 SoCal Awards program. Vitae in Costa Mesa received the SoCal Award for “Best Design Detached Home Under 2,000 SF.” This year’s competition drew more than 500 entries.

Recent Gov & Nonprofit Real Estate Press Releases

NAR

Number of Real Estate Teams is Growing, NAR Survey Finds

Teams are becoming more common in the real estate industry as an increasing number of Realtors®, members of the National Association of Realtors®, consider themselves a member of a real estate team, according to a new survey by NAR.