Yearly Archives: 2018

Reasons To Buy a Smaller Home

If you’re in the market for a new home, have you considered something smaller? Even if you have a family, you may find a home that’s smaller than what you see yourself and your family living in makes for the perfect fit. Here’s a thorough rundown of all the great things about buying a home that’s a bit on the small side.
CRE

William P.J. McCarthy Receives Landauer/White Award from The Counselors of Real Estate

The Counselors of Real Estate® (CRE) professional association has named William P. J. McCarthy, CRE®, the recipient of the 2018 James D. Landauer/John R. White Award–the highest honor conferred by the invitation-only organization. McCarthy was invited to CRE membership in 1995; he is one of only 1,100 members worldwide—and one of fewer than 20 in Canada.
NAAHQ

VOLUNTEERING IN U.S. HITS RECORD HIGH; WORTH $167 BILLION

More Americans than ever are volunteering, according to a new federal study released today by the Corporation for National and Community Service (CNCS), the federal agency that oversees AmeriCorps and Senior Corps

Kilili: $10.1M for Marianas water projects

The Commonwealth Utilities Corporation will get another boost of $10.1 million toward the goal of 24-hour water for all Saipan residents, Congressman Gregorio Kilili Camacho Sablan announced today.
Mayor Muriel Bowser

Mayor Bowser to Deliver More Senior Affordable Housing and Retail to Southwest at Kickoff...

On Monday, December 17, at 12:00 p.m., Mayor Bowser will kick off the second phase of construction at 555 E Street, SW, delivering additional senior affordable housing, a hotel, and innovative retail space to the Southwest neighborhood
ABC National

ABC’s Construction Backlog Indicator Sinks Below Record Highs in Q3 2018

Associated Builders and Contractors reports that its Construction Backlog Indicator contracted to 9.04 months during the third quarter of 2018, down 8.4 percent from the second quarter and 4.3 percent lower than the same time last year
NAHB

Builder Confidence Drops Four Points Amid Concerns Over Housing Affordability

Builder confidence in the market for newly-built single-family homes fell four points to 56 in December on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) as concerns over housing affordability persist. Although this is the lowest HMI reading since May 2015, builder sentiment remains in positive territory.
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.
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.

Business Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.

Recent Gov & Nonprofit Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.