Archive for April, 2008

Property Inspections Crucial Step In Disaster Recovery

LITTLE ROCK, Ark. — Property inspections are a necessity for Arkansas residents rebuilding following recent severe storms, tornadoes and flooding according to officials of the Federal Emergency Management Agency (FEMA) and the Arkansas Department of Emergency Management (ADEM).

Governor Lincle Releases $300,000 for Improvements to Kalihi Valley Homes Public Housing

HONOLULU – Governor Linda Lingle has released $300,000 for phase three of improvements at Kalihi Valley Homes, a federal public housing community managed by the Hawai‘i Public Housing Authority. These funds will supplement $7 million from the federal Department of Housing and Urban Development (HUD) and be used to modernize 27 units in three buildings.

Massachusetts Home Sales Continue to Decline in March and in First Quarter

WALTHAM, Mass. – April 28, 2008 - The Massachusetts Association of REALTORS® (MAR) reported today that both single-family home sales and condominium sales were down in March compared to the same time last year.  However, on a month-to-month basis, there was a 26 percent increase in single family home sales and a 32 percent increase […]

Bernardi Highlights Bush Administration’s Solutions to Save Homeowners from Foreclosure

WASHINGTON- The Bush Administration has put in place responsible solutions to help American families stay in their homes and avoid foreclosure, U.S. Department of Housing and Urban Development Deputy Secretary Roy A. Bernardi said today. Delivering the keynote address at the Federal Home Loan Banks Annual Directors Conference, Bernardi highlighted President Bush’s responsible plan to […]

Education Conference and Trade Expo

Join us for the first ever Education Conference and Trade Expo on Wednesday, April 30, 2008 at the West Hartford Convention Center in Blue Back Square featuring the Connecticut Mandatory Courses taught by Linda St. Peter with a continental breakfast and cocktail reception catered by Grants. There’ll also be door prizes, free raffles, networking and […]

Local Home Sales Pace Picks Up

Homes sales around Montgomery remained well below 2007 levels in March, but the pace picked up compared to February, pointing to a seasonal shift in sales.According to the Alabama Center for Real Estate at the University of Alabama, Realtors sold 416 homes in the Montgomery area last month, more than 100 fewer than last year, […]

The Conference Board: Consumer Confidence Index down

WASHINGTON – April 29, 2008 – Consumer confidence fell 3.6 points in April, though most of the drop resulted from a decline in attitudes about current economic conditions. Expectations about conditions six months in the future remained relatively unchanged, however.

C.A.R. reports sales decreased 24.5 percent, median home price fell 29 percent in March

LOS ANGELES (April 25) – Home sales decreased 24.5 percent in March in California compared with the same period a year ago, while the median price of an existing home fell 29 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

How Low Will Real Estate Go?

Though the national real estate market remains bleak–in some neighborhoods vacant homes outnumber those that are occupied and sellers are being forced to lower asking prices in a bid to lure bargain hunters–it’s assumed that when housing dips to a point where buyers think it represents a bargain, they’ll buy back in.

Second-Home Sales Accounted for One-Third of Transactions in 2007

WASHINGTON, March 28, 2008. The combined total of vacation- and investment-home sales declined with the overall market in 2007, but still accounted for 33 percent of all existing- and new-home sales, which is close to historic norms, according to the National Association of REALTORS®.