News
Property, Rentals, Transactions

Pending Home Sales Rise in January to Highest Level in 18 Months

WASHINGTON, D.C. – February 27, 2015 – (RealEstateRama) — Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of Realtors®. All major regions except for the Midwest saw gains in activity in January.

Realtors® Demand Congressional Action to Strengthen Patent Laws, Protect Small Businesses

WASHINGTON, D.C. – February 26, 2015 – (RealEstateRama) — Without meaningful patent litigation reform, Realtors® and other small and midsize business owners will remain targets of extortion by unscrupulous entities that demand licensing fees or threaten frivolous lawsuits under the guise of patent infringement.

CEDIA Partners with Powerhouse Alliance to Offer In-Person Training

INDIANAPOLIS – February 26, 2015 – (RealEstateRama) — CEDIA has partnered with Powerhouse Alliance to offer a series of networking training workshops at Volutone. Partnering with Volutone will provide another outlet for home technology professionals to experience face-to-face education with instructor support.  The courses available are part of the pathway to prepare for CEDIA’s Residential Networking Specialist certification exam. Courses in the networking training pathway have consistently sold out and have gained wide support from the industry

ConsensusDocs Releases Updated Owner and Trade Contractor Agreement

WASHINGTON, D.C. – February 25, 2015 – (RealEstateRama) — The ConsensusDocs 850 Agreement Between Owner and Trade Contractor is the latest release in the 100+ document library of standard contracts written by a coalition of 40+ industry associations. The standard contract document was updated to reflect today’s construction needs. The agreement allows an owner to contract with a builder when construction management (CM) agency is used (and not a single general contractor). This agreement can be used for multi prime, CM, Agency, or Owner acting as its own CM. This contractual arrangement is appropriate when construction management services are provided externally by a CM or by the owner itself.

Existing-Home Sales Cool in January As Available Inventory Remains Subdued

WASHINGTON – February 23, 2015 – (RealEstateRama) — Existing-home sales declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month, according to the

NeighborWorks rehabbed more than 9,000 owner-occupied and rental homes in 2014

WASHINGTON, D.C. – February 19, 2015 – (RealEstateRama) — NeighborWorks America today reported that in the 12 months ended Sept. 30, 2014 its network helped homeowners rehab more than 7,000 single family homes and rehabbed more than 2,300 rental homes. Although home prices are stabilizing, many homeowners still have little equity to tap for needed home repairs and nonprofits in the NeighborWorks network are stepping in to use grants provided by NeighborWorks and other support in order to help owners maintain quality and affordable homes. Additionally, as affordable rental apartments age, the NeighborWorks members conduct rehab to maintain the supply of quality affordable rental homes

Commercial Markets Poised for Growth Despite Weaker Global Economy

WASHINGTON, D.C. – February 19, 2015 – (RealEstateRama) — A stronger labor market and stable U.S. economy should keep commercial real estate demand on the rise, but the pace of growth will likely be hindered by overseas weakness, according to the National Association of Realtors® quarterly commercial real estate forecast.

REALTOR® Magazine Seeks Nominations for 2015 Good Neighbor Volunteer Awards

WASHINGTON – February 18, 2015 – (RealEstateRama) — Realtors® not only help people achieve their dream of homeownership, they also volunteer their time and energy to improve the lives of their community members. The National Association of Realtors® is currently accepting applications from Realtors® who dedicate themselves to volunteer service for REALTOR® Magazine’s Good Neighbor Awards

NAR Tech Edge helps Realtors® Stay Informed of the Latest Tech Tools

WASHINGTON, D.C. – February 17, 2015 – (RealEstateRama) — Technology is transforming the way Realtors® conduct business and connect with clients, and staying up-to-date on new and emerging technologies is an essential part of the real estate profession. To help Realtors® stay a step ahead of the latest mobile and online technologies, the National Association of Realtors® is continuing its one-day technology conference series, NAR Tech Edge

3 Things Consumers Should Consider When Shopping for a Title Company

WASHINGTON, D.C. – February 17, 2015 – (RealEstateRama) — Purchasing a home is the single largest investment most consumers make in their lifetime. Soon the spring homebuying season will begin and the American Land Title Association (ALTA) reminds consumers of the three most important things to consider when shopping for a title company

2014 Housing Trends: Home Values Rose while Sales Remained Steady

WASHINGTON, D.C. – February 17, 2015 – (RealEstateRama) –2014 Home Prices in Iowa continued to rise this year according to the official yearly housing trends released by the Iowa Association of REALTORS®. The median sale price improved 1.5 percent. The median price was $134,000 compared to $132,000 in 2013.

Realtor® Broker Summits to Concentrate on Management and Technology in 2015

WASHINGTON, D.C. – February 16, 2015 – (RealEstateRama) — As small business owners, real estate brokers must stay ahead of cutting-edge marketing and management practices. That is why the National Association of Realtors® is inviting brokers from across the country to attend 2015 Realtor® Broker Summit events and learn from broker panels and industry leaders about the latest tools and trends affecting the industry and Realtor® businesses.

Realtors® Applaud FAA’s Proposed Rule to Allow Commercial Drone Use for Real Estate

WASHINGTON – February 16, 2015 – (RealEstateRama) — National Association of Realtors® President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Arkansas, issued the following statement about new proposed rules for unmanned aircraft systems issued today by the Federal Aviation Administration:

Realtors® Support Safe Entry to Housing Market with More Affordable FHA-Backed Loans

WASHINGTON – February 12, 2015 – (RealEstateRama) — National Association of Realtors® President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Arkansas, issued the following statement at the conclusion of today’s hearing of the U.S. House Financial Services Committee, The Future of Housing in America: Oversight of the Federal Housing Administration:

Home-Price Growth Slightly Accelerates in Fourth Quarter of 2014

WASHINGTON, D.C. – February 10, 2015 – (RealEstateRama) — The majority of metropolitan areas experienced steady but slightly stronger price growth in the fourth quarter of 2014, behind a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market, according to the

Attorney General Patrick Morrisey Warns Renters of Property Listing Scams

CHARLESTON – February 2, 2015 – (RealEstateRama) — Attorney General Patrick Morrisey urges citizens to use caution and do their research before entering into a residential rental agreement.

Farmland and Natural Area Conserved in Guildhall

Guildhall – February 2, 2015 – (RealEstateRama) — Farmers Chris and Hannah Fay were able to expand their dairy farm by selling a conservation easement to the Vermont Land Trust on property they had just purchased. As part of the conservation project, they also donated land to The Nature Conservancy that will become part of the Great Guildhall Swamp Preserve. The Fays had been renting the parcel for several years and using it for hay to support their dairy herd. The sale of the easement made buying the land more affordable.

Real Estate Businessman Convicted of Tax Fraud by Concealing Income Using Nominee Entities and Aliases

WASHINGTON, D.C. – February 2, 2015 – (RealEstateRama) — A federal jury sitting in Providence, Rhode Island, convicted a Cranston, Rhode Island, man of one count of corruptly endeavoring to obstruct and impede the Internal Revenue Service (IRS), one count of tax evasion and two counts of aiding and assisting in the preparation and filing of false corporate tax returns, the Justice Department and the IRS announced

Loretta Alonzo named Illinois REALTOR® of the Year for outstanding industry leadership, service

SPRINGFIELD, Ill. – February 2, 2015 – (RealEstateRama) — REALTOR® Loretta Alonzo, CRB, GRI, of Romeoville, has been named the 2015 Illinois REALTOR® of the Year by the Illinois Association of REALTORS® (IAR). She is the managing broker of Century 21 Affiliated in La Grange Park

Pending Home Sales Stall in December

WASHINGTON – February 2, 2015 – (RealEstateRama) — Despite interest rates being at their lowest level of 2014, pending home sales cooled in December but remained above year-over-year levels for the fourth consecutive month, according to the National Association of Realtors®. All major regions experienced declines in December.