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Property, Rentals, Transactions

FHA Fund Achieves 2 Percent Capital Reserve Requirement

The Federal Housing Administration today released its 2015 Actuarial Review, a financial assessment of the Mutual Mortgage Insurance Fund, and the review shows that the fund has strongly rebounded, achieved greater overall health, and seen increased access to safe mortgage financing as cuts to FHA's annual mortgage insurance premium have taken hold.

NYSAR hires Liz Celeone, Esq. as associate counsel

The New York State Association of REALTORS (NYSAR) is pleased to announce that Liz Celeone, Esq. of Schaghticoke, NY has joined the association as associate counsel. Celeone will assist NYSAR’s general counsel in providing services to members, conduct legal research and author articles for association publications

Best Lawyers names Kelly May 2016 Birmingham Litigation – Real Estate ‘Lawyer of the Year”

Best Lawyers®, the oldest peer-review publication in the legal profession, recently named Huie, Fernambucq & Stewart (HFS) partner Kelly May the Best Lawyers' 2016 Birmingham Litigation – Real Estate "Lawyer of the Year".

Miami Real Estate Continues Strong Momentum in 3Q

Miami-Dade County real estate posted a robust third quarter as total residential sales, single-family home transactions, existing condo transactions and median prices grew compared to the same period in 2014, according to a new report by the 40,000-member MIAMI Association of REALTORS® (MIAMI) and the local Multiple Listing Service systems

Existing-Home Sales on Track for Further Expansion in 2016

Following the housing market’s best year since the recession, existing-home sales are expected to increase in 2016 at a moderate pace; although affordability pressures from inventory shortages and rising mortgage rates could slow the potential for even stronger sales momentum, according to an economic forecast forum here at the 2015 REALTORS® Conference & Expo.

Commercial Real Estate May Peak in Expensive Markets, says Realtors® Chief Economist

While commercial real estate has been steadily recovering in recent years, industry experts expressed concern that prices may have reached a peak during the Commercial Economic Issues and Trends Forum at the 2015

NAR Prioritizes Member Safety in 2015 and Beyond

Throughout 2015, the National Association of Realtors® has enhanced and expanded upon its more than a decade old Realtor® Safety program, developing new materials, creating additional resources and providing members with everything they need to feel empowered and confident in their personal safety.

Drone Landscape Still Evolving as Realtor®, Other Commercial Use Grows

The Federal Aviation Administration continues its work to integrate unmanned aerial systems, also known as drones, into the National Airspace System, and Realtors® stand ready to take advantage of their many benefits.

Communicating to Consumers Consistently and Persistently Drives Business for Realtors®

Delivering meaningful information to consumers quickly and in a conversational way will help Realtors® position themselves as credible real estate experts and ultimately lead to more business, according to a digital technology and lead generation forum here at

Green Home Features Increase Value and Marketability, Say Realtors®

 Realtors® shared strategies for assessing and conveying the value green features bring to homes during the Real Property Valuation Forum today at the 2015 

Palm Beach County, Think Fast! Homes Drop to 36 Median Days on Market

“According to third quarter statistics for Palm Beach County homes, median days on market dropped to an astonishing 36 days, a 33.3 percent decline year-over-year. Buyers had to make fast, educated decisions in order to secure their dream homes due to our declining inventory levels. Purchasing a property, especially in our current market conditions, can be a complicated and stressful process. If you are looking to buy or sell, let a local REALTOR® offer you the guidance you need to feel confident in your decision.

Fla.’s Housing Market Continues to Show Gains in 3Q 2015

Florida’s housing market reported more closed sales, higher median prices, a tighter inventory and fewer days on the market during the third quarter of 2015, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 74,141 in 3Q 2015, up 14.7 percent over the 3Q 2014 figure.

Team of Appraisers Across Six States Find Home Buyers Will Pay Premium for Solar Homes

Photovoltaics added value to homes in six markets, according to a new report titled “Appraising into the Sun: Six-State Solar Home Paired-Sales Analysis,” led by a researcher from the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) and a home appraisal expert. Researchers engaged a team of seven appraisers from across the six states to determine the value that solar photovoltaic (PV) systems added to single-family homes using the industry-standard paired-sales valuation technique, which compares recent sales of comparable homes to estimate the premium buyers would pay for PV.

Mayor Walsh Joins Brighton Marine Health Center to Announce $200,000 Homeless Veterans Housing Fund

To honor Veterans Day, Mayor Martin J. Walsh today joined the Brighton Marine Health Center Board of Directors to announce that Brighton Marine established a $200,000 endowment to support the Mayor's Homes for the Brave initiative, with the goal of bringing a functional end to veterans homelessness in Boston.

October Market Report

Memphis-area home sales for October decreased 3.5 percent from a year ago, with 1,336 total sales recorded in the Memphis Area Association of REALTORS® MAARdata property records database. Sales were down 6.2 percent from September, when there were 1,424 total sales. Average sales price from October-to-October was up 4.3 percent, at $156,692. Inventory decreased 1.8 percent, with 6,291 units listed for sale. Monthly sales volume YTD increased 6.8 percent to $2.20 billion.

NJ WOMEN Award $200,000 in Grants To Help Poverty-Stricken

Impact100 Garden State, a Morristown- based women’s philanthropic organization, awarded over $200,000 in grants to the Head Start Community Program of Morris County and the New Jersey Community Development Corporation (NJCDC) to support programs that help the elderly poor, disenfranchised young adults, and pre-school children from low-income families. Impact 100’s 204 members voted to award each organization a $102,000 grant at its annual members meeting on November 4 at the Olde Mill Inn in Basking Ridge. The organizations were selected from over 75 nonprofit applicants.

HUD and VA Team Up to Help Homeless Veterans Find Permanent Homes

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced nearly $12 million to 79 local public housing agencies across the country to provide a permanent home to veterans experiencing homelessness. The supportive housing assistance announced today is provided through the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program which combines rental assistance from HUD with case management and clinical services provided by VA

Detroit’s Property Tax: Averting Another Disaster

Having emerged last year from the largest municipal bankruptcy in U.S. history, Detroit is still hindered in its recovery by structural flaws in its property tax system, according to a new report published by the Lincoln Institute of Land Policy.

Justice Department Sues Lakewood, Colorado, Apartment Complex for Discriminating Against Families with Children

The Justice Department filed a lawsuit today against the owners and manager of the Westland Apartments (Westland), a 28-unit apartment complex in Lakewood, Colorado, alleging that they have discriminated against families with children in violation of the Fair Housing Act.


Two well-known and popular community locations in Honokaa, Hawaii were recently added to the National Register of Historic Places