Monthly Archives: November 2013

WASHINGTON, D.C. - November 27, 2013 - (RealEstateRama) -- If you walked into the office of Tamman Technologies on the evening of Saturday November 23rd, you would’ve assumed that the teams scattered throughout the space were employees working on a deadline. The empty coffee cups and half eaten pizza slices may have signaled at just how long of a day it had been, but the quiet chatter and intense focus showed that were no signs of slowing down.

WASHINGTON, D.C. - November 27, 2013 - (RealEstateRama) -- According to Housing Instability Among Our Nation’s Veterans, a study released Nov. 12 by the National Low Income Housing Coalition (NLIHC) 1.5 million veteran households suffered from severe housing cost burden in 2011, spending more than 50% of their income on housing. There were also significant disparities among veteran households, with veteran households headed by a racial minority, females, and those with a disability more likely to be cost burdened than their counterparts.

WASHINGTON, D.C. - November 27, 2013 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Steve Brown: “Realtors® welcome today’s announcement from the Federal Housing Finance Agency that the current limits on conforming loans will remain in effect until further notice.

WASHINGTON, D.C. - November 27, 2013 - (RealEstateRama) -- Issuance of new building permits rose 6.2 percent to a seasonally adjusted annual rate of 1.034 million units in October due primarily to a double-digit increase on the multifamily side, the U.S. Census Bureau reported today.

Torrance, CA - November 27, 2013 - (RealEstateRama) -- Designed by Nadel Architects, the Shores multifamily development is now open for rent at 4201 Via Marina in Marina del Rey, Calif. The $165 million complex, located just blocks away from both Venice Beach and the Marina del Rey docks, was created by one of the area’s first development teams – Jerry Epstein and actor Kirk Douglas, developers and owners of Shores, LLC; and Herb Nadel, architect and founding principal of Nadel Architects. Replacing a series of two-story, garden-style apartment buildings developed by Epstein and Douglas in the 1960s, the completion of Shores addresses the demand for higher-density, contemporary apartment living near the Pacific Ocean.

WASHINGTON, D.C. - November 26, 2013 - (RealEstateRama) -- National data show interest rates on mortgages interrupted their upward trend. Contract mortgage interest rates decreased 0.04 percent from September to October, according to an index of new mortgage contracts

WASHINGTON, D.C. - November 26, 2013 - (RealEstateRama) -- Upward momentum in U.S. house prices remained strong in the third quarter, as prices rose 2.0 percent from the previous quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). This is the ninth consecutive quarterly price increase in the purchase-only, seasonally adjusted index and it marks the first time since 2009 that the national house price level is higher than it was five years ago.

WASHINGTON, D.C. - November 26, 2013 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today announced that the 2014 maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will remain at $417,000 for one-unit properties in most areas of the country.

WASHINGTON, D.C. - November 26, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for October 2013:

WASHINGTON, D.C. - November 26, 2013 - (RealEstateRama) -- Note: Kansas may not be the first state you think of for solar training, but Derek Reilley, Renewable/Sustainable Energy Program Director at Colby Community College in Colby, Kansas, may make you think differently. Colby Community College is a partnering training organization working with Salt Lake Community College in the Rocky Mountain RTP. Derek is the project lead for CCC’s solar training program. Here’s his update. eds.

WASHINGTON, D.C. - November 26, 2013 - (RealEstateRama) --The Justice Department filed a lawsuit today against the homeowner’s association, management company and property manager of a Minnetonka, Minn., condominium complex, alleging that they discriminated against families with children in violation of the Fair Housing Act

LONG BEACH, CA - November 25, 2013 - (RealEstateRama) -- Gregory Gill, SIOR, CCIM, Garrett Massaro and Brandon Carrillo of Lee & Associates, one of the largest broker-owned commercial real estate firms in the country, have negotiated a 5-year lease at the California State University Long Beach (CSULB) Technology Park at 2200 - 2250 Technology Place, Long Beach. The tenant, Primex Agriculture Services, will occupy the 104,737 square-foot space that DAMCO Distribution recently vacated earlier in the year

WASHINGTON, D.C. - November 25, 2013 - (RealEstateRama) -- The state has awarded $18.3 million in grants and loans to help fund 13 affordable housing developments across the state, including projects in Westport and Danbury, Gov. Dannel P. Malloy announced Thursday. “Increasing the availability of affordable housing is a top priority because the benefits extend far beyond the families and communities immediately impacted,” Malloy said in a statement.