Property, Rentals, Transactions

National property-rights champion steps up for family-owned puppy business

East Providence, Rhode Island; May 22, 2015: A national property rights legal organization has stepped in to represent a small, family-owned pure-bred puppy business whose East Providence store has been shut down by the city’s new ban on pet stores


Complaint Charges That Defendants Acting Through An Organization That Advertised Help To Those Seeking Home Loan Modifications To Avoid Foreclosure, Obtained Millions Of Dollars By Deceiving Homeowners Into Selling Their Homes

PCI Encouraged by Senate Banking Committee Action

Nat Wienecke, senior vice president, federal government relations at the Property Casualty Insurers Association of America (PCI) issued the following statement regarding the Senate Banking Committee’s mark-up of “The Financial Regulatory Improvement Act of 2015.

Existing-Home Sales Lose Momentum in April

Despite properties typically selling faster than at any time since July 2013, existing–home sales slowed in April but remained above an annual sales pace of five million for the second straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced sales declines in April.

How to address an appraisal that doesn’t match the home’s value

An appraisal is an integral part of the home buying process, assuring both the mortgage lender and future homeowner that the property is worth the agreed price. However, some appraisal reports may point out that the home's value falls short of the set purchase price. This could leave home purchases in limbo if first-time home buyers and house hunters don't know what to do next

OCC Newsletter Focuses on Financing Small Multifamily Rental Properties

The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter entitled "Small Multifamily Rental Property Financing.”

Wyden Statement at Finance Committee Hearing on Foster Care Group Homes

Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) delivered the following statement at a hearing to discuss how to safely reduce reliance on foster care group homes

Landscaping Can Drive Property Values, Appraisal Institute Says

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to maintain their landscaping in order to potentially enhance their property’s value

Workers in Sacramento’s retail, service and health care industry are just a few of the new residents who live at Cannery Place Apartments which officially opened today as the first housing development completed at Township Nine in the River District.

The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter entitled "Small Multifamily Rental Property Financing.”

Realtors Help Make Home Possible for Vets, Say VA Officials

Officials from the U.S. Department of Veterans Affairs encouraged Realtors® to help debunk misconceptions regarding the VA Home Loan Guaranty Program yesterday at an agency briefing held during the REALTORS® Legislative Meetings & Trade Expo.

Realtors® Eagerly Await A-OK to Fly UAVs

There will be a time when Realtors® can legally fly an unmanned aerial system, or drone, around property listings to capture images for marketing purposes, but that time has not yet arrived, at least not completely. That’s according to Federal Aviation Administration officials who told Realtors® today during the When, Where and How can I Use My Drone session at the REALTORS® Legislative Meetings & Trade Expo

NAR Board Approves Nationwide Broker Data Entry System

The NAR Board of Directors at its 2015 meeting May 16 in Washington, D.C., approved a partnership between NAR and its wholly owned subsidiary Realtors Property Resource® and another company, UpStream RE, LLC, to create a data entry and collection system for the brokerage community using the RPR® advanced Multi-list platform (AMP™)

Walkable Urban Places are the Future of Real Estate Development

Realtors® from across the country gathered today to learn about the importance and benefits of walkable urban communities in real estate development during a panel organized by the REALTOR® University Richard J. Rosenthal Center for Real Estate Studies during the REALTORS® Legislative Meetings & Trade Expo.

Realtors® Urge CFPB Grace Period for RESPA-TILA Integrated Disclosure Rule

The National Association of Realtors® urges the Consumer Financial Protection Bureau to implement a grace period for those seeking to comply in good faith with new rules for loan closing procedures and settlement documents.

Green Financing Leader Fannie Mae Announces Green Rewards for Multifamily

Fannie Mae (FNMA/OTC) today announced Green Rewards, a new multifamily financing option that helps owners of apartment buildings and cooperatives invest in energy- and water-cost saving improvements. These investments can improve and preserve the quality of multifamily properties and lower utility costs, saving money for both property owners and renters. Green Rewards is available today nationwide

Existing-Home Sales on the Rebound Despite Some Affordability Concerns

Existing-home sales are expected to finish the year at their highest pace since 2006, but accelerating price growth and rising mortgage rates have the potential to slow sales, according to an economic forecast forum here at the2015 Realtors® Legislative Meetings & Trade Expo.

NAR Unveils New Realtor® Safety Resources

To aid members and Realtor® associations in developing safety protocols, the National Association of Realtors® has expanded its Realtor® Safety Program resources with new classes and materials

Realtors® help Families Own Piece of American Dream, Says Secretary Castro

The path to opportunity has always been, and will continue to be, paved by homeownership and the benefits it affords to families and communities, U.S. Housing and Urban Development Secretary Julián Castro told a packed ballroom of Realtors® and guests this afternoon while participating in a fireside style chat with NAR President Chris Polychron during the Realtors® Legislative Meetings & Trade Expo.

Realtors® and Rural Housing Officials Work Together to Change Lives

The partnership between Realtors® and the Rural Housing Service supports homeownership in rural areas and helps those communities thrive, according to officials from the U.S. Department of Agriculture, the agency that administers the RHS program, who held a briefing today during the Realtors® Legislative Meetings & Trade Expo.

Communication Is Key as Realtors®, Lenders Adjust to New Disclosure Requirements

Realtors® should prepare themselves now for the new disclosure requirements being implemented by the Consumer Financial Protection Bureau later this year, and communication between all parties in the real estate transaction is essential in ensuring a smooth transition, according to speakers at a regulatory issues forum here at the 2015 Realtors® Legislative Meetings & Trade Expo.