News
Property, Rentals, Transactions

International Home Buyers Continue to Invest in Profitable U.S. Market, Realtors® Report

WASHINGTON, D.C. – July 8, 2014 – (RealEstateRama) — Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate investments

EPA Settlement with Patton, Mo., Property Owner Resolves Clean Water Act Violations Affecting Baltimore Creek

Lenexa, Kan., – July 2, 2014 – (RealEstateRama) — EPA Region 7 has reached an administrative consent agreement with a Patton, Mo., property owner to resolve Clean Water Act violations involving unpermitted discharges of pollutants into two tributaries of Baltimore Creek.

FHA HAWK Program a Good Start but Needs to Go Further, Say Realtors®

WASHINGTON – July 1, 2014 – (RealEstateRama) — In a letter sent today to the U.S. Department of Housing and Urban Development, the National Association of Realtors® offered support for the Federal Housing Administration’s efforts to reduce mortgage insurance premiums for first-time buyers through its Homeowners Armed with Knowledge, or HAWK, housing counseling pilot program but is concerned the program won’t significantly reduce premiums or reach enough qualified buyers

City and state officials celebrate completion of 129 new apartments at Old Colony

Boston – June 30, 2014 – (RealEstateRama) — On Thursday, June 26, 2014, city and state officials celebrated the second phase of redevelopment at the Old Colony public housing community in South Boston, marking the midway point for redevelopment of the site. The Boston Housing Authority (BHA) began overhauling the site in 2009

NAR Survey Shows Realtors® Continue to Invest in Mobile Technologies

WASHINGTON – June 30, 2014 – (RealEstateRama) — Over the years, Realtors® have spent countless time and millions of dollars advancing real estate technologies and keeping up with the latest high-tech tools. The 2013-2014 Realtor® Technology Survey, conducted by NAR’s Center for REALTOR® Technology, found that Realtors® continued to invest in new technology for their businesses in 2013 and spent more than they did in previous years.

Pending Home Sales Surge in May

WASHINGTON – June 30, 2014 – (RealEstateRama) — Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors®. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the largest gains.

Existing-Home Sales Heat Up in May, Inventory Levels Continue to Improve

WASHINGTON – June 23, 2014 – (RealEstateRama) — Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors

Silver and Cahill Announce Assembly Approves Homeowner Bill of Rights Legislation

WASHINGTON, D.C. – June 20, 2014 – (RealEstateRama) — Assembly Speaker Sheldon Silver and Insurance Committee Chair Kevin Cahill announced the passage of legislation this week to establish the Homeowners Bill of Rights to protect insurance policyholders from the problems experienced by individuals who suffered significant property losses and damages during Superstorm Sandy and Tropical

Accessibility and Outdoor Property Improvements Top List of Popular Home Characteristics

WASHINGTON, D.C. – June 19, 2014 – (RealEstateRama) – The residential market continues to improve with architects reporting an increase in demand for larger homes. Additionally, architects are seeing a greater interest in accessibility features as well as outdoor living space.

Norton Thanks Home-Rule Coalition for Efforts Before D.C. Appropriations Bill Markup, Wednesday

Washington, DC – June 18, 2014 – (RealEstateRama) — Congresswoman Eleanor Holmes Norton (D-DC) thanked DC Vote and a coalition of 41 national and local groups for urging Members of Congress in a letter today to respect the District of Columbia’s home rule during consideration of the fiscal year 2015 D.C. Appropriations bill, which will be marked up by the Subcommittee on Financial Services and General Government at 9:15 a.m. on Wednesday, June 18, 2014, in 2358-B Rayburn House Office Building.

CFO Jeff Atwater Applauds Governor Scott for Signing Legislation Creating Homeowner Claims Bill of Rights

TALLAHASSEE – June 17, 2014 – (RealEstateRama) — Chief Financial Officer Jeff Atwater today applauded Governor Rick Scott for signing Senate Bill 708 into law, creating a Homeowner Claims Bill of Rights that provides important consumer protections and greater transparency in the insurance claim-filing process.

KHRC AWARDS $2.4 MILLION IN HOME RENTAL DEVELOPMENT PROGRAM

TOPEKA, Kansas – June 11, 2014 – (RealEstateRama) — Kansas Housing Resources Corporation (KHRC) has awarded $2,250,832 in HOME loans to help communities and developers throughout the state. TOPEKA, Kansas – June 11, 2014 – (RealEstateRama) — Kansas Housing Resources Corporation (KHRC) has awarded $2,250,832 in HOME loans to help communities and developers throughout the state.

EPA Provides $388,000 to Assess Contaminated Properties in the Cano Martin Pena Communities in San Juan, Puerto Rico

San Juan, P.R. – May 29, 2014 – (RealEstateRama) — The U.S. Environmental Protection Agency is providing grants totaling $388,000 to Corporacion Del Proyecto ENLACE del Cano Martin Pena in San Juan, Puerto Rico to assess abandoned and contaminated properties. The funding was awarded through the EPA’s Brownfields Program, which helps communities assess, clean up, redevelop and reuse contaminated properties. Brownfields are properties with moderate contamination which can threaten environmental quality and public health and can interfere with redevelopment.

Led By Multifamily, Improvement Seen in All Commercial Real Estate Sectors

WASHINGTON, D.C. – May 27, 2014 – (RealEstateRama) — The outlook for all of the major commercial real estate sectors is slightly improving despite disappointing economic growth during the first quarter of 2014, according to the National Association of Realtors

New-Home Sales Rise 6.4 Percent in April

WASHINGTON, D.C. – May 23, 2014 – (RealEstateRama) — Sales of newly built, single-family homes rose 6.4 percent to a seasonally adjusted annual rate of 433,000 units in April, according to newly released data from HUD and the U.S. Census Bureau. The gain builds on an upward revision of sales numbers reported for the previous month

April Existing-Home Sales Show Modest Improvement Behind Gaining Inventory

WASHINGTON – May 22, 2014 – (RealEstateRama) — Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors®. Monthly sales gains in the West and South offset a modest decline in the Midwest while the Northeast was unchanged

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.