News
Property, Rentals, Transactions

New Land Markets Survey Shows Expected Land Sales Growth in 2015

Land prices rose steadily by eight percent in the last part of 2014, with individuals andfamilies accounting for sixty-one percent of all buyers/investors in land sales transactions, according to the 2015 Land Markets Survey, conducted jointly by the REALTORS® Land Institute and National Association of REALTOR

Operation HOPE Collaborates with Fifth Third Bank and City of Detroit through Bank On Detroit to Open the First HOPE Inside Location in the State of Michigan

Financial empowerment nonprofit Operation HOPE (HOPE), Fifth Third Bank, and the City of Detroit through Bank On Detroit have collaborated to open the first HOPE Inside location in Michigan. To commemorate the occasion, HOPE will host a grand opening celebration at 9AM on Tuesday, April 28 at the Fifth Third Bank financial center located in the Northwest Activities Center at 18100 Meyers Road in Detroit. Mike Duggan, Mayor of Detroit, will participate in the festivities and provide a keynote address.

ADULT FAMILY HOME OWNER CHARGED WITH CRIMINAL MISTREATMENT

Attorney General Bob Ferguson announced today that an Auburn man was arrested at Seattle-Tacoma International Airport this afternoon on charges he criminally mistreated a man in his care at his adult family home. The victim has been hospitalized since Jan. 6.

SITES Certifies 12 New Projects

The Sustainable Sites Initiative™ (SITES™) program has certified sustainable landscapes at a dozen new locations across the country for meeting rigorous standards for environmental design and performance. These 12 landscapes include a historic Maryland house, a pocket park in San Francisco's Tenderloin neighborhood, and a public children's garden in Austin, Texas

Second Century Ventures Announces 2015 REach® Accelerator Class

The National Association of Realtors®’ strategic investment arm, Second Century Ventures, has unveiled the seven organizations chosen for the 2015 class of REach®, a growth technology accelerator program. The 2015 class officially kicks off this week.

Existing-Home Sales Spike in March

Existing-home sales jumped in March to their highest annual rate in 18 months, while unsold inventory showed needed improvement, according to the National Association of Realtors®. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.

BOMA INTERNATIONAL’S TOP SEVEN STRATEGIES FOR TAKING THE LEAD ON EARTH DAY

In keeping with the Earth Day 2015 theme of "It's Our Turn to Lead," the Building Owners and Managers Association (BOMA) International has issued its "Top Seven Strategies" commercial real estate professionals can implement in their buildings to become sustainability leaders in their communities. With energy use in commercial buildings accounting for nearly 20 percent of U.S. greenhouse gas emissions, BOMA has committed to helping its members and the industry as a whole improve energy management and sustainability practices.

Republicans’ Estate Tax Repeal Bill Helps the Wealthy at Expense of Working Americans

House Democratic Whip Steny H. Hoyer (MD) released the following statement today on House Republicans' bill repealing the estate tax, which would add hundreds of billions to the deficit

NAR Study: Return Buyers Expected to Boost Housing Demand in Coming Years

Nearly a decade since the start of the foreclosure crisis, formerly distressed homeowners with restored credit are re-entering the housing market, but damaged credit profiles and lender overlays will greatly restrict the overall share of those eligible to buy, according to new research from the National Association of Realtors®. California, Florida and Arizona are expected to see the largest share of return buyers within the next decade.

Safeguard Properties Launches Fast-Track Legislation Resource Center

As the concept of fast-track legislation for vacant and abandoned properties gains momentum, Safeguard Properties has launched its Fast-Track Legislation Resource Center. The center consolidates various legislation in an easy to navigate, interactive map tool providing industry professionals with a resource to stay abreast of the latest fast-track legislation, along with links to applicable media coverage.

Apartment Markets Expand in April NMHC Quarterly Survey

All four indexes landed above the breakeven level of 50 in the April National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions. The Sales Volume Index rose to 52 from 44 last quarter, with Market Tightness (58), Equity Financing (55), and Debt Financing (60) all continuing to show improvement. The indexes are almost exactly the same as they were a year ago.

Realtors® Call on Congress to Ease Regulatory Burdens Curbing Access to Mortgage Credit

Unnecessary regulatory burdens are preventing qualified, credit-worthy borrowers from obtaining the American Dream of homeownership. That’s according to testimony today from the National Association of Realtors® before the U.S. Senate Banking, Housing and Urban Affairs Committee.

REALTOR Top-Level Domains Will Soon be Available to Realtor® Associations and Brokerages

NAR was one of the first associations approved to offer a top-level domain and among the first in the real estate industry to commit to this new technology. Since the .REALTOR top-level domain became available to NAR members in October 2014, more than 95,000 domains have been claimed

Realtors® Show Support for New HUD Appointee Harriet Tregoning

The following is a statement by National Association of Realtors® President Chris Polychron in response to leadership changes at the U.S. Department of Housing and Urban Development Office of Community Planning and Development

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 10, 2015.

Stamford, Conn. Property Management Firm to Pay Fine and Take Measures to Protect Children from Lead-Based Paint in EPA Settlement

EPA has reached a settlement with Garden Homes Management Corp. of Stamford, Conn. for alleged violations of EPA’s Lead Paint Disclosure and Renovation, Repair and Painting (RRP) Rules.

PLF wins landowners the right to challenge federal “wetlands” jurisdiction

In a historic Pacific Legal Foundation (PLF) victory for the rights of property owners — and for the principle of accountability in government — a federal appellate court today ruled that landowners have a right to judicial review when federal regulators label their land as “wetlands” subject to federal control.

Smart City Startup conference brings construction drones, hoverboards and talking homes to Miami, showcasing ideas that transform cities

Smart City Startups, the two-day urban tech conference, highlighting the startups, people, and ideas that are transforming cities, will return to Miami for its second year, with support from the John S. and James L. Knight Foundation and The Miami Foundation.

CCIM Attracts Stellar Industry Partners

Eight leading companies in commercial real estate, CRE legal, and CRE lending have signed on as the 2015 Industry Partners for the CCIM Institute, a global commercial real estate affiliate of the National Association of Realtors. These luminaries in the field include GE Capital, KW Commercial, Realty Mogul, Sperry Van Ness, Century 21, NAI Global, GRANITE, and Syndication Lawyers.com Trowbridge Taylor Sidoti

New ULI Forecast for Real Estate, Economy Sees Three Years of Continued Strength, with Industry Set for Sustainable Growth in 2015 Through 2017

WASHINGTON - April 8, 2015 - (RealEstateRama) -- The real estate industry is expected to remain on a sustainable course of solid growth for 2015 through 2017, according to a new three-year forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. The outlook – the latest installment of the semi-annual ULI Real Estate Consensus Forecast — is based on a survey of 46 of the industry’s top economists and analysts representing 33 of the country’s leading real estate investment, advisory, and research firms and organizations.