HUD - U.S. Department of Housing and Urban Development

SECRETARY CARSON TO LEAD WHITE HOUSE OPPORTUNITY AND REVITALIZATION COUNCIL

President Donald Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council and named U.S. Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson.
Ginnie Mae

Ginnie Mae MBS Outstanding Increases to $2.033 Trillion

Ginnie Mae today announced that issuance of its mortgage-backed securities (MBS) totaled $33.668 billion in November. A breakdown of November issuance includes $32.192 billion of Ginnie Mae II MBS and $1.476 billion of Ginnie Mae I MBS, which includes $1.316 billion of loans for multifamily housing.

The Ultimate Guide to Buying a House with Student Loans

In 2016, the National Association of Realtors conducted a survey and found out that at least 71 percent of those interviewed believe that student loans are their most significant obstacle to buying a home.
Aerial

Investec Announces Acquisition of The Esplanade Shopping Center in Oxnard

Investec Real Estate Companies, specializing in the acquisition, development, management and leasing of retail properties in California, is pleased to announce its newest acquisition, The Esplanade Shopping Center in Oxnard, California. The 356,864-­­ square-foot shopping center is anchored by Dick’s Sporting Goods
MBA

November New Home Purchase Mortgage Applications Decrease 11 Percent

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2018 shows mortgage applications for new home purchases decreased 11 percent from a year ago. Compared to October 2018, applications declined by 14 percent. This change does not include any adjustment for typical seasonal patterns
MBA

Commercial/Multifamily Mortgage Debt Climbs to New High in the Third Quarter

The level of commercial/multifamily mortgage debt outstanding rose by $45.4 billion (1.4 percent) in the third quarter of 2018 to an all-time high, according to the Mortgage Bankers Association (MBA).

Chairman Enzi: More Action Needed from VA on GI Benefits Problems

Senate Budget Committee Chairman Mike Enzi (R-WY) today said more action is needed from the Department of Veterans Affairs (VA) on problems that have prevented thousands of veterans from receiving their full GI Bill
DOE

Department of Energy Announces $100 Million Energy-Water Desalination Hub to Provide Secure and Affordable...

The U.S. Department of Energy (DOE) announced $100 million to establish an Energy-Water Desalination Hub (Hub) to address water security issues in the United States. The Hub will focus on early-stage research and development (R&D) for energy-efficient and cost-competitive desalination technologies including manufacturing challenges
NAHB

Statement from NAHB Chairman Randy Noel on Nomination of Mark Calabria as New FHFA...

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement on Mark Calabria being nominated as the new director of the Federal Housing Finance Agency (FHFA)
NAR

NAR Applauds Congressional Action to Extend RHS Definition

With the House voting this evening to pass the 2018 Farm Bill, the definition of the Rural Housing Service will be extended through the 2030 Census. President Trump is expected to sign the legislation into law in the coming days. Without Congressional action, the RHS definition would have expired in 2020.
NAR

REach® Technology Accelerator Named Among Best in Nation for Second Consecutive Year; Now Accepting...

For the second consecutive year, ?????REach®, the growth technology accelerator operated by the National Association of Realtors®’ strategic investment arm, Second Century Ventures, was named among the top accelerators in the U.S. by the Seed Accelerator Rankings Project, or SARP.
Appraisal Institute

Current Use is Key Factor for Retail Valuation in the Age of Amazon:...

Financial statements should be used when appraising retail properties to determine the “durability of the current use” as Amazon and e-commerce threaten brick and mortar retail sales, according to a study published this week in The Appraisal Journal.

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.
LA Fitness Temecula

Hanley Investment Group Arranges Sale of New LA Fitness for $13 Million, 6.13 Percent...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, has arranged the sale of a brand-new single-tenant net-lease investment occupied by LA Fitness in Temecula, California.
Texas Roadhouse

The Boulder Group Arranges Sale of Single Tenant Net Lease Texas Roadhouse

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Texas Roadhouse property located at 2856 Patriot’s Lane in Naperville, Illinois for $3,200,000.
NAR

National Association of Realtors® Announces Strategic Restructuring to Better Serve Members, Enhance Member Experience

The National Association of Realtors® (NAR) announced today staffing changes in the organization's advocacy, marketing communications, member experience and technology groups that will strengthen NAR's ability to serve as the leading voice for Realtors® on key legislative policies while fostering technological innovation on behalf of its members and enhancing the member experience
NYU Furman Center

Rollout of Universal Representation in New York City Housing Court Offers National Lessons

Today the NYU Furman Center released a policy brief examining the implementation of New York City’s Universal Access to Counsel (UAC) program for tenants facing eviction in housing court. In 2017, New York City enacted the first legislation in the country providing legal representation for all income-eligible tenants facing eviction.
Habitat

The five-year commitment will support Habitat’s efforts to help families and communities rebuild

The NCAA today announced a five-year, $2.5 million donation to Habitat for Humanity to support building or repairing decent and affordable homes in partnership with families impacted by natural disasters.
Capital Impact Partners

Capital Impact Focuses on Expanding Equity, Justice, and Opportunity in Third Quarter

Broadening opportunities for low-income communities – through investments in health, education, and community development –are helping to address systemic disenfranchisement and expand equity
MBA

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications rose 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending December 7, 2018.

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

Aerial

Investec Announces Acquisition of The Esplanade Shopping Center in Oxnard

Investec Real Estate Companies, specializing in the acquisition, development, management and leasing of retail properties in California, is pleased to announce its newest acquisition, The Esplanade Shopping Center in Oxnard, California. The 356,864-­­ square-foot shopping center is anchored by Dick’s Sporting Goods

Recent Gov & Nonprofit Real Estate Press Releases

HUD - U.S. Department of Housing and Urban Development

SECRETARY CARSON TO LEAD WHITE HOUSE OPPORTUNITY AND REVITALIZATION COUNCIL

President Donald Trump signed an Executive Order establishing the White House Opportunity and Revitalization Council and named U.S. Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson.