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IBHS Advises Residents to Stay Alert for Evacuation Orders and Prepare Homes Now as Wildfires Continue to Burn in Central Washington

At least 24 structures were reduced to ashes when the so-called Sleepy Hollow Fire started as a brush fire in central Washington on Sunday afternoon and quickly spread due to hot and dry conditions, underscoring the harsh realities of how quickly a fire can spread and threaten properties this time of the year.

National Association of Real Estate Editors Announces 2015 Robert Bruss Real Estate Book Award Winners

The National Association of Real Estate Editors (NAREE) has named the winners of the Eighth Annual Robert Bruss Real Estate Book Competition. The awards recognize excellence in books published in 2014 covering the broad field of real estate.

Three South Florida Defendants Charged in $10 Million Government Fraud Involving Six Miami Low-Income Housing Developments

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Nadine Gurley, Special Agent in Charge, United States Department of Housing and Urban Development, Office of Inspector General (HUD-OIG), and Kelly R. Jackson, Special Agent in Charge, Internal Revenue Service, Criminal Investigation (IRS-CI), announced the filing of charges against three defendants in a joint investigation of individuals who fraudulently obtained federal money and property in connection with the construction of low-income housing developments in Miami-Dade County.

Buy-Back Program Exceeds $500 Million Paid to Landowners for Voluntary Consolidation of Fractional Interests

In a major milestone for the Department of the Interior’s Land Buy-Back Program for Tribal Nations (Buy-Back Program), Deputy Secretary Michael Connor today announced that more than $500 million has been paid to more than 24,000 individual landowners to restore the equivalent of nearly 850,000 acres of land to tribal governments

Citizens Bank provides $50 million apartment construction loan for Hyde Park housing near University of Chicago campus

Citizens Bank announced today that it has provided a $50 million apartment construction loan to an affiliate of Blue Vista Capital Management for a mixed-use apartment project serving the Hyde Park and Kenwood neighborhoods of Chicago. The housing project will be built in partnership with the University of Chicago

PCI Applauds Introduction of the Flood Insurance Market Parity and Modernization Act

Nat Wienecke, the Property Casualty Insurers Association of America’s (PCI) senior vice president, federal government relations issued the following statement today applauding Senators Dean Heller (R-NV) and Jon Tester (D-MT) and Representatives Dennis Ross (R-FL) and Patrick Murphy (D-FL) for introducing the Flood Insurance Market Parity and Modernization Act

Brothers Redevelopment Seeking Landlords wanting to rent apartments, homes to vets and other voucher holders

With market rate rents for a one-bedroom apartment surpassing $1,300 per month in the metro Denver area and vacancy rates at historic lows, many low-income veterans, individuals and families are having a difficult time finding an affordable place to live

National Ranking Identifies Best Latino Agents

RE/MAX agents dominated the fourth annual National Association of Hispanic Real Estate Professionals® (NAHREP) Top 250 Latino Agent report with 62 agents on the list – twice as many as the next highest ranked franchise and nearly 25% of the total. RE/MAX agent representation in the Top 250 grew nearly 94% over last year

NAHREP Announces th 2015 Top 250 Latino Real Estate Agents in the U.S.

The National Association of Hispanic Real Estate Professionals (NAHREP) today released its annual report on the Top 250 Latino Agents in the country. For the fourth consecutive year, NAHREP received a record number of applications from top agents across the country competing for a spot on the prestigious list. This year's report was again distributed in association with Zillow Group.

Demographic Shifts, Excess Capital Supply and Rising Interest Rates Lead the New List of The CRE® 2015-16 Top Ten Issues Affecting Real Estate

Demographic shifts – the impact of retiring Baby Boomers and the rise of the Millennial generation – will likely have the most significant impact on real estate near- and long-term, according to The Counselors of Real Estate®, which today released its official CRE® 2015-16 Top Ten Issues Affecting Real Estate, a list it compiles annually. Demographic shifts rose to the top of this year’s list because of the sheer numbers of people and transactions involved in the evolving needs of both groups in coming years, and the far-reaching effect these will have on real estate across all sectors.

Insurance Trade Joins Important Lightning Safety Campaign

We are now entering the hot summer months where pop-up thunderstorms and lightning are very common, especially in the southeast. However, in many homes and businesses across the country there is a little known risk of fire that can by triggered by lightning strikes.

New-Home Sales Reach Seven-Year High

Sales of newly built, single-family homes rose 2.2 percent to a seasonally adjusted annual rate of 546,000 units in May, according to newly released data from HUD and the U.S. Census Bureau. This is the highest new-home sales rate since February 2008.

What is the impact of the “on-demand” workforce? New initiative tracks trends, develops approaches to address workers’ needs with $250,000 from Knight Foundation

To help cities remain competitive and create incentives for talented people to contribute to their growth, Institute of the Future is undertaking a new initiative to track the ways in which the nature of work is changing, and to help design policies that meet the needs of a new class of workers. The Workable Futures Initiative is supported by $250,000 from the John S. and James L. Knight Foundation.

Motor City Match to help Detroit entrepreneurs grow and start businesses with $1.5 million from Knight Foundation

"Detroit’s Motor City Match connects entrepreneurs with opportunity" - by Michael Forsyth An initiative of Detroit Economic Growth Association and the city of Detroit, Motor City Match is a citywide program aimed at filling vacant commercial spaces along Detroit’s neighborhood corridors. The program matches the needs of entrepreneurs and business owners with existing commercial real estate, helping small businesses and independent retailers find and invest in move-in ready properties.

ICBA Rejects NCUA Proposal to Expand Credit Union Business Lending Powers

Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine released this statement following the National Credit Union Administration (NCUA) board’s release of a proposed rule to relax business-lending rules for tax-exempt credit unions.

32BJ Statement on Rent Regulation and 421-a Legislation Proposals

“The Senate’s proposals on rent regulation and 421-a renewal are a gift to the 1 percent and an insult to everyone else,” said 32BJ President Hector Figueroa. “We are telling the Legislature and the governor that they cannot leave Albany without passing an expanded 421-a program that increases affordability requirements and expands wage and benefits standards for building workers.”

Existing-Home Sales Bounce Back Strongly in May as First-time Buyers Return

Fueled partly by an increase in the share of sales to first-time buyers, existing-home sales increased in May to their highest pace in nearly six years, according to the National Association of Realtors®. Led by the Northeast, all major regions experienced sales increases in May.

Mayor Garcetti Announces Public Online Access to Building Records

As a part of his back to basics agenda, Mayor Eric Garcetti today announced a new customer service tool from the Los Angeles Department of Building and Safety (LADBS), the LADBS Online Building Records system, which will offer users a quick and easy way to research building records and obtain digital images of original documents online.

Highway Funds Would Spur Foreign Investment in U.S. Real Estate

NMHC/NAA this week joined our real estate partners in urging Congress to reduce the barriers of the Foreign Investment in Real Property Tax Act (FIRPTA) on foreigners investing in U.S. real estate as they consider extending highway funding beyond July. Specifically, because FIRPTA relief would spur billions of dollars in infrastructure spending, it would be a natural fit for legislation designed to finance a long-term reauthorization of highway spending.

AT&T EXTENDS U-VERSE WITH AT&T GIGAPOWERS TO MORE MULTIFAMILY PROPERTIES

Apartment and condo residents could soon enjoy the benefits of ultra-fast Internet service, with speeds up to 1 gigabit per second.* AT&T** is working with property owners, management groups and developers to reach agreements to deliver U-verse with AT&T GigaPower to additional new and existing multifamily living units