Financial Services Committee

An Overview of Homelessness in America

The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness
MBA

Commercial/Multifamily Borrowing Up 1 Percent Year-over-Year

According to the Mortgage Bankers Association's (MBA) Quarterly S8urvey of Commercial/Multifamily Mortgage Bankers Originations, first quarter 2018 commercial and multifamily mortgage loan originations increased one percent compared to the same period last year and, in line with the seasonality of market, first quarter originations were thirty-three percent lower than the fourth quarter of 2017.
MBA

MISMO® Creates New Data Governance and Management Forum

MISMO, the mortgage industry's standards organization, is seeking industry participation in a new forum to promote best practices in the areas of data governance and data management. Those interested in collaborating with MISMO are invited to join MISMO's new Data Governance and Management Community of Practice (CoP)
NIBS

Green to Retire from National Institute of Building Sciences

After nearly a decade of leading the organization, National Institute of Building Sciences President and Chief Executive Officer (CEO) Henry L. Green, Hon. AIA, has announced his plan to retire. The Institute Board of Directors is initiating a search to hire Green’s successor, with the expectation that the new leader will transition on to staff at the end of 2018.
32BJ SEIU

32BJ Endorses Kathy Hochul for Lieutenant Governor

32BJ SEIU, the largest property service union in the country, announced today the endorsement for Kathy Hochul as New York’s Lieutenant Governor. Hochul is running for re-election to the post with Gov. Andrew Cuomo.
NAR

Realtors® Midyear Forecast: Home Sales, Prices to Rise Despite Inventory, Affordability Challenges

A stronger economy, wage growth and an improving job market are expected to march home sales and prices higher in 2018, but low supply and weakening affordability will tamper the rate of increases, according to speakers at a residential real estate forum during the 2018 REALTORS® Legislative Meetings & Trade Expo.
Congresswoman Eleanor Holmes Norton

Senate Energy and Natural Resources Committee Passes Norton Bill for Improvements to Franklin Park...

Congresswoman Eleanor Holmes Norton (D-DC) said the Senate Energy and Natural Resources Committee, chaired by Senator Lisa Murkowski (R-AK), today passed Norton’s bill (H.R. 2897) that clarifies that the District of Columbia and the National Park Service (NPS) have the authority to enter into cooperative management agreements to maintain and operate NPS properties in the District, such as Franklin Park.
AGC

CONSTRUCTION EMPLOYMENT RISES IN 38 STATES AND D.C. FROM APRIL 2017 TO APRIL 2018...

Thirty-eight states and the District of Columbia added construction jobs between April 2017 and April 2018, while 29 states added construction jobs between March and April, according to an analysis by the Associated General Contractors of America of Labor Department data released today.  Association officials said the employment growth likely would have been higher if firms could find more qualified workers to hire
Multi-Tenant Retail Property

Hanley Investment Group Arranges Sale of Newly Constructed Multi-Tenant Retail Property in Los Angeles...

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 sale of a 6,777-square-foot new construction multi-tenant retail pad building occupied by The Coffee Bean & Tea Leaf (with drive-thru), Chipotle, Jersey Mike’s Subs and WaBa Grill at 13916 Garvey Avenue in Baldwin Park, Calif.
DOI

New Mexico Elementary School Receives $26.2 Million for New School Construction

U.S. Secretary of the Interior Ryan Zinke announced today that the Laguna Elementary School in New Laguna, New Mexico, will receive $26.2 million for the construction of a new school. “As Secretary of the Interior, I am responsible for the education of 48,000 native children in the Bureau of Indian Education school system
NAR

Rethinking Real Estate Valuations and Alternatives to Traditional Appraisals

Appraisals are a vital part of the real estate transaction and have traditionally been done in-person by an experienced appraiser, but efforts to reduce costs, increase efficiencies and incorporate more innovation, technology and data in the valuation process are expanding the use of alternative valuation methods

Real Estate Agent Ben Caballero Named Guinness World Record Holder

America’s number one ranked real estate agent, Ben Caballero of Addison, Texas, just became the number one real estate agent in the world, according to Guinness World Records. At the REAL Trends “Gathering of Eagles” conference in Denver today, America’s number one ranked real estate agent, Ben Caballero of Addison, Texas, just became the number one real estate agent in the world, according to Guinness World Records. At the REAL Trends “Gathering of Eagles” conference in Denver today, Caballero was recognized as the first real estate agent ever to be recognized by Guinness World Records (GWR) for home sales, for having sold 3,556 verified homes in a single year.
ASE

Energy Business Groups And Advocates Call For Protection Of American Energy Transition And Opportunities...

A coalition of energy groups submitted written comments on May 11 to the Office of the U.S. Trade Representative to express the concerns of a broad range of U.S. energy interests regarding the potential impact of proposed trade tariffs with China on the growing American clean energy industry.
Natural Resources

Committee Advances Another Bill to Boost Water Infrastructure, Slate of Locally Supported Lands Bills

The House Committee on Natural Resources passed six bills including H.R. 4419 (Rep. Dan Newhouse, R-Wash.), H.R. 3916 (Rep. Ken Calvert, R-Calif.), H.R. 3186 (Rep. Niki Tsongas, D-Mass.), H.R. 3045 (Rep. Luke Messer, R-Ind.), H.R. 857 (Rep. Paul Cook, R-Calif.), and H.R. 224 (Rep. Don Young, R-Ala.)
NAHB

Housing Production Drops 3.7 Percent But Remains Near Post-Recession High

Total housing production fell 3.7 percent in April to a seasonally adjusted annual rate of 1.29 million units after an upwardly revised March reading of 1.34 million, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. The March report marked an 11-year high for housing production.

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

Multi-Tenant Retail Property

Hanley Investment Group Arranges Sale of Newly Constructed Multi-Tenant Retail Property...

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 sale of a 6,777-square-foot new construction multi-tenant retail pad building occupied by The Coffee Bean & Tea Leaf (with drive-thru), Chipotle, Jersey Mike’s Subs and WaBa Grill at 13916 Garvey Avenue in Baldwin Park, Calif.

Recent Gov & Nonprofit Real Estate Press Releases

Financial Services Committee

An Overview of Homelessness in America

The Housing and Insurance Subcommittee met today to examine the current state of homelessness in America, and to discuss issues regarding veteran, youth, and any other populations affected by homelessness