News
Property, Rentals, Transactions

NAR and Realtors® Federal Credit Union Offer Credit Card as New Benefit for Realtors®

National Association of Realtors® members now have access to an additional benefit through a new choice for credit, the official REALTOR® credit card. The credit program, available to current and new members of the Realtors® Federal Credit Union, a division of Northwest Federal Credit Union, features cards with customized real estate-themed designs, exclusive Realtor® branding options and competitive interest rates.

NAR Generational Survey: Millennials Lead All Buyers, Most Likely to Use Real Estate Agent

Despite the economic and financial challenges young adults have braved since the recession, the millennial generation represented the largest share of recent buyers, according to the 2015 National Association of Realtors® Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent home buyers and sellers

Property Investors Set to Benefit as Capital Flows From East to West Likely to Continue in 2015

The movement of capital from East to West is likely to remain the major influence on real estate markets in 2015, according to Global Emerging Trends in Real Estate® 2015, an annual forecast of global real estate investor sentiment, published jointly by PwC and the Urban Land Institute (ULI) today.

EPA Provides $200,000 to Camden, New Jersey to Support Assessment, Cleanup and Reuse of Contaminated Properties

The U.S. Environmental Protection Agency announced today it is providing $200,000 to the City of Camden Redevelopment Agency in Camden, New Jersey to create a plan for revitalizing the Mt. Ephraim Choice Neighborhood. This funding is part of EPA’s Brownfields Area-Wide Planning program, which helps communities develop specific strategies that integrate the cleanup and reuse of brownfields sites in larger, coordinated efforts to revitalize neighborhoods.

Legislative Proposals to Protect Online Privacy and Security

Our growing reliance on computer networks and electronic devices in almost every aspect of our lives has been accompanied by an increasing threat from individuals, organized criminal networks, and nation states who victimize American citizens and businesses.  Hackers can steal or hold for ransom our most valuable and personal information

CHFA announces Multifamily Second Mortgage Program

CHFA is offering a Multifamily Second Mortgage Program to help promote economically-integrated neighborhoods and communities by providing financing opportunities to developers and owners of rental housing that specifically targets the creation of rental housing

Apartment Industry Details Key 2015 Priorities for Congress

With historic growth in renter demand since the Great Recession, and millions more renter households forming over the next decade, the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released their 2015 priorities for the 114th Congress today.

Contribute to the 2015 NAIOP Commercial Real Estate Compensation Survey

Your company's participation in the 2015 NAIOP Commercial Real Estate Compensation Survey is important and will help shape the future of commercial real estate. Survey respondents at the overall company level will receive a complimentary electronic copy of the full comprehensive survey report – a $1,500 value!

U.S. Trustee Program Reaches $50 Million Settlement with JPMorgan Chase to Protect Homeowners in Bankruptcy

WASHINGTON, D.C. - March 3, 2015 - (RealEstateRama) -- The Department of Justice’s U.S. Trustee Program (USTP) has entered into a national settlement agreement with JPMorgan Chase Bank N.A. (Chase) requiring Chase to pay more than $50 million, including cash payments, mortgage loan credits and loan forgiveness, to over 25,000 homeowners who are or were in bankruptcy. Chase will also change internal operations and submit to oversight by an independent compliance reviewer. The proposed settlement has been filed in the U.S. Bankruptcy Court for the Eastern District of Michigan, where it is subject to court approval

New Report Shows Lender Abuses and Feeble Enforcement Cause Minority Homeowners to Lose Homes

NEW YORK - March 2, 2015 - (RealEstateRama) -- The American Civil Liberties Union and MFY Legal Services today released a report indicating that homeowners in communities of color are at greater risk of losing their homes due to loan servicers’ modification failures, with lax response from government regulators

Nursing Agency Operator to be Incarcerated for 92 Months and Forfeits Home

BOSTON - March 2, 2015 - (RealEstateRama) -- The owner of a home nursing agency was sentenced yesterday to 92 months in prison for fraudulently billing millions of dollars of services to Medicare and then laundering the proceeds.

NREL Refines Method to Convert Lignin to Nylon Precursor

WASHINGTON, D.C. - March 2, 2015 - (RealEstateRama) -- A new study from the Energy Department's National Renewable Energy Laboratory (NREL) demonstrates the conversion of lignin-derived compounds to adipic acid, an important industrial dicarboxylic acid produced for its use as a precursor to nylon, plasticizers, lubricants, polyesters, and other popular products and chemicals

Financing approved for 600-plus affordable apartments

SEATTLE, Wash. - March 2, 2015 - (RealEstateRama) -- With $110 million in financing approved yesterday by the Washington State Housing Finance Commission for three projects, more than 600 affordable apartments will be built in King and Snohomish counties

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.