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Aspen Colorado Home Sells for $31.5 Million

Seattle, WA - December 2, 2010 - (RealEstateRama) -- A Chicago billionaire paid $31.5 million for a home in Aspen, the most paid for a residential property in the luxury resort community this year. The buyer's broker, Steven Shane of SDS Real Estate, declined to disclose the name of his client. The seven-bedroom, nine-bath 12,432 square foot home sits on 44 acres at 2435 W. Buttermilk Road.

MBA: Commercial and Multifamily Mortgage Delinquency Rates Mixed in Third Quarter

Washington, DC - December 1, 2010 - (RealEstateRama) -- Delinquency rates for different commercial/multifamily mortgage investor groups were mixed in the third quarter, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. The delinquency rate for loans held in CMBS is the highest since the series began in 1997. Delinquency rates for other groups remain below levels seen in the early 1990's, some by large margins.

Refinance Activity Continues to Decline as Rates Rise in Latest MBA Weekly Survey

WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- ” The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 26, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 16.5 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Thanksgiving holiday. On an unadjusted basis, the Index decreased 34.2 percent compared with the previous week

Freddie Mac Suspends Evictions From December 20 to January 3, 2011

McLean, VA - December 1, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today announced it has ordered all evictions involving foreclosed occupied single family and 2-4 unit properties that had Freddie Mac mortgages to be suspended from December 20, 2010 to January 3, 2011.

Freddie Mac Prices New $4 Billion Two-Year Reference Notes® Security

McLean, VA - December 1, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it priced its new 0.625% $4 billion two-year USD Reference Notes® security due on December 28, 2012. The issue, CUSIP number 3137EACQ0, was priced at 99.866 to yield 0.69%, or 17 basis points more than two-year U.S. Treasury Notes. The issue will settle on Thursday, December 2, 2010.

VOLUNTEERS NEEDED FOR 2011 KANSAS HOMELESS COUNT

TOPEKA, KS - December 1, 2010 - (RealEstateRama) -- The Kansas Point-in-Time Count Partnership is seeking volunteers for the 2011 count of persons experiencing homelessness in Kansas. The U.S. Department of Housing and Urban Development (HUD) awards grants to communities and local organizations that participate in homeless assistance planning programs, or what's referred to as a Continuum of Care (CoC) network. HUD requires Point-in-Time counts every two years for all networks wishing to maintain and use federal funding. In Kansas, five CoC networks will conduct the statewide coordinated count on Wednesday, January 26, 2011

NAHB Chairman Bob Jones Issues Statement on Deficit Commission’s Plan to Change the MID

WASHINGTON, D.C. - December 1, 2010 - (RealEstateRama) -- Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich., issued the following statement in response to the final plan unveiled today by the National Commission on Fiscal Responsibility and Reform.

Foreclosure-Response.org Team Releases Latest Data on Serious Delinquency and Foreclosure Rates for All 366...

Washington, DC - December 1, 2010 - (RealEstateRama) -- The three co-creators of Foreclosure-Response.org – Local Initiatives Support Corporation (LISC), the Urban Institute, and the Center for Housing Policy – have compiled and released new data on seriously delinquent mortgages for all 366 U.S. metro areas. “Seriously delinquent” mortgages are those that are delinquent 90 days or more or are in the foreclosure process. Homeowners experiencing serious delinquency are at substantial risk of losing their homes.

Realtors® Say Mortgage Interest Deduction Vital to Home Ownership, Economy

Washington, DC - December 1, 2010 - (RealEstateRama) -- The following is a statement by National Association of Realtors® President Ron Phipps. “As the leading advocate for housing and home ownership issues, NAR firmly believes that the mortgage interest deduction (MID) is vital to the stability of the American housing market and economy.

Housing Predictor Rolls Out Annual Forecasts

Destin, FL - December 1, 2010 - (RealEstateRama) -- Housing Predictor, the online real estate research firm is rolling out its annual housing market forecasts for 2011. More than 230 local market forecasts are being issued for the year. All forecasts are annually updated for the New Year and are available to all online visitors for free as part of the company’s efforts to provide real estate forecasts, news and analysis on the housing market in the public interest.

Customizable IDX solution integrates Triangle listings online, to simplify and narrow property search

EUGENE, OR - November 30, 2010 - (RealEstateRama) -- Triangle MLS (TMLS) listings are now easier to search for than ever before, thanks to the unique partnership between real estate agent Robert Pearse and IDX, Inc. The IDX solution now employed on the website Pearse manages, automatically syncs TMLS listing data with his search page, to give home seekers a comprehensive and thorough online database of home listings. This revolutionary technology gives Pearse and his real estate website a leg-up over his competition, by making it the quickest and simplest place to search for properties online

STATE OF KANSAS REACHES WEATHERIZATION MILESTONE

TOPEKA, KS - November 30, 2010 - (RealEstateRama) -- Kansas has reached a major milestone under the American Recovery and Reinvestment Act of 2009 (ARRA) - completing weatherization work for more than 50 percent of the homes the state planned to weatherize. As of November 24th, weatherization providers completed more than 3,000 homes with Recovery Act funding.

Hartford National Title Launches Free Good Faith Estimate and HUD-1 Calculator

MILFORD, CT - November 30, 2010 - (RealEstateRama) -- Hartford National Title, Inc., a leading provider of title insurance and real estate closing services, announced today the launch of OneSourceQuote, its new Good Faith Estimate (GFE) and HUD-1 title calculator. This free online application is the byproduct of many months’ worth of developmental efforts and testing by programmers, staff, and beta clients.

Freddie Mac Prices $1 Billion Reopening of 0.875% Three-Year Reference Notes® Security

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it auctioned a $1 billion reopening of its 0.875% three-year USD Reference Notes® security that matures on October 28, 2013. The stop yield for the issue, CUSIP 3137EACL1, was 0.869%, priced at 100.016468, or approximately 16.3 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 2.915 to 1.

Home Values Decline in Third Quarter

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) announced today the results of its third quarter Conventional Mortgage Home Price Index (CMHPI).

Freddie Mac to Issue a New Two-Year Reference Notes® Security and $1 Billion Reopening...

McLean, VA - November 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it plans to issue a new two-year USD Reference Notes® security, CUSIP number 3137EACQ0, due on December 28, 2012. The issue will be priced on Wednesday, December 1, 2010, and will settle on Thursday, December 2, 2010, at benchmark size.

DISB Issues Bulletin Offering Guidance on Saving District Homes Against Foreclosure

Washington, DC - November 30, 2010 - (RealEstateRama) -- The DC Department of Insurance, Securities and Banking (DISB) recently issued a bulletin* to inform licensed residential mortgage lenders and mortgage borrowers of the enactment of a new emergency law requiring mortgage lenders to go through six months of mediation with a homeowner before proceeding with a foreclosure.

Charles Dunn Company Negotiates Downtown L.A. Lease Renewal for Associated Press

Torrance, CA - November 29, 2010 - (RealEstateRama) -- Chris Runyen of Charles Dunn Company, one of the largest full service regional real estate companies on the West Coast, represented the landlord, U.S. Bank, in a 10-year lease renewal of Associated Press’ offices at Figueroa Courtyard in Downtown Los Angeles. The largest West Coast bureau of AP, the 15,444-square-foot office is located at 221 S. Figueroa Street. The value of the transaction was approximately $5.5 million.

Lee & Associates San Diego County Negotiates $6.7 Million 10-Year Industrial Lease

Torrance, CA - November 29, 2010 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 10-year lease of a 98,000-square-foot LEED Certified industrial building located at 2633 Progress St. in Vista, Calif., in San Diego County. The lease is valued at approximately $6.7 million.

Rising Commodity and Materials Prices Drive Turner Building Cost Index to Slightly Increase for...

New York, N.Y. - November 29, 2010 - (RealEstateRama) -- Turner Construction Company announced that the Fourth Quarter 2010 Turner Building Cost Index has slightly increased over the Third Quarter of 2010. The Turner Building Cost Index measures costs in the non-residential building construction market in the United States. The Turner Building Cost Index of 801 reflects a 0.38% increase over the Third Quarter 2010. However, overall construction costs have decreased by 0.25% when measured in comparison to the Fourth Quarter of 2009.

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

MBA

Mortgage Applications Decrease in Latest MBA Weekly Survey

Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 10, 2019.