News
Property, Rentals, Transactions

NAR Member Survey Shows Rise in Realtor® Income and Sales Volume

WASHINGTON – May 20, 2014 – (RealEstateRama) — Reflecting the 11.5 percent growth in home prices last year, income and sales volume jumped for the third year in a row, according to the 2014 National Association of Realtors® Member Profile. The survey also found an increase in new and younger members to NAR in 2013

Realtors® Discuss the Importance of Commuting Costs, Traffic to Homebuyers

WASHINGTON, D.C. – May 19, 2014 – (RealEstateRama) — Realtors® from across the country gathered today to discuss the effects of traffic and commuting on homebuying, and the general consensus is that traffic congestion is here to stay and there isn’t anything to be done about it.

VA Officials Enlist Realtors® to Recruit Home Appraisers

WASHINGTON, D.C. – May 19, 2014 – (RealEstateRama) — The Department of Veterans Affairs is taking steps to improve services for active and former military service members who are ready to buy a home, said officials from the VA Home Loan Guaranty program yesterday at an agency briefing for Realtors® during the Realtor® Party Convention & Trade Expo

The U.S. Economy: Good, Bad, or Ugly? Economists Examine What’s Ahead for Real Estate

Chicago, IL – May 16, 2014 – (RealEstateRama) — Economic positives outweigh negatives according to real estate economists who addressed a standing-room only audience last week at The Counselors of Real Estate’s Midyear conference in Austin, Texas. The three-day event is noted for bringing together thought leaders from around the world, offering balanced perspectives on the most critical issues affecting real estate.

Realtors® Declare Confidence in Commercial Market

WASHINGTON – May 16, 2014 – (RealEstateRama) — Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the REALTOR® Party Convention & Trade Expo. Despite a sluggish economy, commercial practitioners are not only reporting improvements in the market, but they expect improvements to continue in the years to come.

Realtor.com® Gives Buyers, Sellers and Agents What They Want

WASHINGTON – May 16, 2014 – (RealEstateRama) — New enhancements to residential listing site realtor.com® are giving consumers the features they want and ensuring that they can continue to rely on the site for the freshest and most comprehensive property listings. That was the message delivered today by Steve Berkowitz, CEO of Move Inc., operator of NAR’s official property listing website realtor.com®, during the Realtor® Party Convention & Trade Expo.

Chris Matthews: Realtors® Should Expect Divided U.S. Government through 2016

WASHINGTON – May 15, 2014 – (RealEstateRama) — The inability of the U.S. Congress to compromise on key issues such as immigration reform, healthcare and government spending will likely continue through President Obama’s second term. This was the message delivered to Realtors® by news anchor and political commentator Chris Matthews, who spoke at today’s Insights and Perspectives with Chris Matthews session at the Realtor® Party Convention & Trade Expo

“30 Under 30″ REALTORS® Making a Name for Themselves in Real Estate

WASHINGTON – May 15, 2014 – (RealEstateRama) — A group of rising young Realtors® is taking advantage of renewed optimism in housing and commercial real estate markets to champion their client’s buying, selling and investing goals and advance their real estate careers. This year’s Realtor® Magazine “30 Under 30” honorees are hardworking young professionals who understand the importance of building strong customer and community relationships

Realtor® Volunteering Works Program Announces 2014 Recipients of Mentoring and Grants

WASHINGTON, D.C. – May 13, 2014 – (RealEstateRama) — REALTOR® Magazine and the Good Neighbor Society have announced the recipients of the sixth annual Volunteering Works, a program that matches Realtors® who work on small-scale charitable efforts with mentors and awards them grant money.

Policy Issues Top of Mind as REALTORS® Head to Washington

WASHINGTON, D.C. – May 13, 2014 – (RealEstateRama) — This week nearly 8,500 Realtors® from across the country will advocate policies that impact the residential and commercial real estate markets during the Realtor® Party Convention & Trade Expo. Realtors® will meet with legislators, congressional and regulatory staff, as well as top industry executives during the meetings, which run here through May 17

Dedication Event Scheduled for New Downtown Park

WASHINGTON, D.C. – May 12, 2014 – (RealEstateRama) — Mayor Bob Foster, Vice Mayor Robert Garcia and the Departments of Parks, Recreation & Marine and Public Works invite the public to a dedication ceremony for a new park to be located at the intersection of Martin Luther King Jr. Avenue, Alamitos Avenue and Sixth Street on Tuesday, May 13, at 10 am

Home-Price Growth Slows in Many Metro Areas during First Quarter

WASHINGTON, D.C. – May 12, 2014 – (RealEstateRama) — Although strong year-over-year price growth continued in most metropolitan areas in the first quarter, increases were somewhat smaller, according to the latest quarterly report by theNational Association of Realtors®. A companion breakout of income requirements to purchase a median-priced home on a metro basis shows the typical buyer was in a good position to buy an existing home in many cities in the Midwest and South.

New Energy Efficiency Standards for Electric Motors and Walk-in Coolers and Freezers to Save on Energy Bills and Reduce Carbon Pollution

WASHINGTON, D.C. – May 12, 2014 – (RealEstateRama) — As part of President Obama’s Climate Action Plan, which called for efficiency standards that cut carbon pollution and save money by saving energy, the Energy Department today announced two new energy efficiency standards for electric motors and walk-in coolers and freezers. These standards combined will help reduce harmful carbon pollution by up to 158 million metric tons – equivalent to the annual electricity use of more than 21 million homes – and save businesses $26 billion on utility bills through 2030

Congress Asked to Reinstate Land Conservation Tax Breaks

WASHINGTON, D.C. – May 8, 2014 – (RealEstateRama) — Supporters of an “enhanced” but expired federal tax deduction for landowners who donate property for conservation or preservation want Congress to reinstate it and make it permanent, CQ Roll Call reported May 2.

Survivors in Five More Mississippi Counties May Now Apply For Disaster Assistance

PEARL, Miss. – May 8, 2014 – (RealEstateRama) — Survivors in Jones, Leake, Montgomery, Simpson and Warren counties whose property was damaged by the recent storms, tornadoes and flooding in Mississippi may now apply for federal disaster assistance.

New NAR Guide Helps MLSs Highlight Green Homes and Features

WASHINGTON, D.C. – May 8, 2014 – (RealEstateRama) — Finding and selling green homes is about to get easier for buyers and sellers with the National Association of Realtors®’ new Green MLS Implementation Guide, a comprehensive guide for helping multiple listing services promote the special features of a green home.

NREL Assembles Industry Group to Explore Solar Lending Potential

WASHINGTON, D.C. – May 8, 2014 – (RealEstateRama) — Increasingly, banks, credit unions, and other lenders are beginning to offer loan products to homeowners and businesses for the installation of rooftop solar systems. However, barriers to accessing this growing market still remain. The Energy Department’s (DOE) National Renewable Energy Laboratory (NREL) recently convened the Banking on Solar working group to engage lenders and other stakeholders to address these barriers.

Landrieu: FEMA Fully Repeals Property-Sales Penalty

WASHINGTON – May 7, 2014 – (RealEstateRama) –— After a phone call with National Flood Insurance Program (NFIP) Associate Administrator David Miller today, U.S. Senator Mary L. Landrieu, D-La., announced that the Federal Emergency Management Agency (FEMA) has fully repealed one of the most harmful provisions from Biggert-Waters that made it impossible for new buyers of homes or businesses to assume a property’s existing flood insurance policy. The provision, repealed by the Homeland Flood Insurance Affordability Act, had frozen real estate markets throughout the nation and threatened to wipe out the equity thousands of middle class families had built in their homes. Up to 82,000 properties in Louisiana—and 1.1 million nationwide—will benefit from today’s announcement

Goldman Sachs Closes Broad Street Real Estate Credit Partners II With Over $4 Billion in Capital Available to Invest in the Strategy

NEW YORK, – May 7, 2014 – (RealEstateRama) — Goldman Sachs announced today that it has closed its second real estate credit fund, Broad Street Real Estate Credit Partners II (RECP II), with over $4 billion in total capital available to invest, including expected leverage. Limited partners in RECP II include existing as well as new institutional and private investors from throughout the Americas, Europe and Asia. RECP II will be managed by the real estate group within Goldman Sachs’ Merchant Banking Division (MBD). With this new vehicle, Goldman Sachs will be able to offer these lending capabilities to borrowers in Europe for the first time, building on its track record in the United States.

NeighborWorks America brings more than 130 affordable rental housing asset managers from around the U.S. to Louisville to map out strategies to strengthen portfolios and attract investment

Louisville, KY – May 7, 2014 – (RealEstateRama) — Faced with increasing pressure to keep rents affordable and find better ways to finance new construction and maintenance of existing affordable housing, more than 130 nonprofit owners and managers of affordable rental apartments are coming to Louisville, KY to exchange successful business ideas as part of a special meeting of the Consortium for Housing and Asset Management (CHAM) being held in conjunction with the NeighborWorks Training Institute, May 19-23.