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HUD reports progress in “Operation FedRent”

WASHINGTON - Federal employees who fail to report their income to qualify for housing assistance they would not otherwise be eligible for stand to lose their jobs, pay steep fines and face possible criminal penalties.

Online Real Estate Firms Adopt New Publishing Format

Leading online real estate companies Yahoo! Real Estate, Zillow.com®, and Trulia.com today announced they will share a new standard data format for the distribution of real estate listings online.

OFHEO Issues Policy Guidance On Fannie Mae And Freddie Mac Mortgage Fraud Programs

Washington, DC – The Office of Federal Housing Enterprise Oversight (OFHEO) has issued a revised Policy Guidance on the Examination of Mortgage Fraud Programs of Fannie Mae and Freddie Mac. The guidance details the standards for overseeing and evaluating policies and programs the Enterprises have developed to minimize mortgage fraud.

USAA Real Estate Company Announces Oversubscription To US Industrial REIT II

San Antonio, TX - January 10, 2008 - USAA Real Estate Company announced today the successful conclusion of fundraising for the US Industrial REIT II. The fund has raised $450 million in equity commitments from ten institutional investors including domestic pension funds, insurance companies and other fund investors, $50 million more than originally planned.

Remarks by Treasury Secretary Henry M. Paulson, Jr. on Housing and Capital Markets before...

After years of unsustainable price appreciation and lax lending practices, a housing correction was inevitable and necessary. That correction is underway. Over the next two years, we also face an unprecedented wave of 1.8 million subprime mortgage resets, raising the potential of a market failure. Because the industry does not have the capacity to manage this volume, without action, unnecessary foreclosures would result.

Best And Worst Cities For Renters

Writing a monthly rent check often feels like lighting money on fire. You'll never again see that cash, you build no equity and there are no tax benefits.

Existing-Home Sales to Hold Steady in Early 2008

Over the next few months, existing-home sales are expected to hold fairly steady as indicated by pending sales activity, and then rise later in the year and continue to improve in 2009, according to the latest forecast by the National Association of REALTORS

Behringer Harvard Completes Offering of Opportunity REIT I

DALLAS, January 7, 2008 — Behringer Harvard today announces that Behringer Harvard Opportunity REIT I, Inc., a non-traded real estate investment trust (REIT), reached full subscription. The Opportunity REIT generated approximately $530 million in gross offering proceeds through the sale of approximately 53.1 million shares in its primary offering.

Rep. Maloney: Widespread Private Sector Job Losses Indicate Housing/Credit Spillover

WASHINGTON, DC - January 4, 2008 - Congresswoman Carolyn B. Maloney (D-NY), Vice Chair of the Joint Economic Committee, issued the following statement today regarding the Bureau of Labor Statistics’ December 2007 employment situation

As Winter Heating Costs Spike, Alliance to Save Energy Advises Using Energy Efficiency to...

Washington D.C, January 2008 – Already, many parts of the country are facing severe winter weather, although the season began only recently. And with average heating costs across the nation spiking about 11 percent over last winter’s, the Alliance to Save Energy recommends energy-efficiency measures to help consumers cut home energy bills, increase indoor comfort, and reduce power plant emissions that contribute to climate change.

States Unveil New Nationwide Mortgage Regulatory Framework

WASHINGTON, D.C. – On January 2, a new era for mortgage regulation in the United States will ring in when the states' Nationwide Mortgage Licensing System (NMLS) goes live.

Best and Worst Places for Home Inspection

ASHI Reveals its 2007 State Rankings: Louisiana, New Jersey and Arizona Retain Top Three Spots for Protecting Consumers; Homeowners in Florida, Pennsylvania and California Beware

Centerline, Freddie Mac Complete $2.8B Bond Portfolio Securitization

New York, NY – Centerline Holding Company (NYSE: CHC), the parent company of Centerline Capital Group (Centerline or the Company), and Freddie Mac (NYSE: FRE) announce completion of a securitization of Centerline's $2.8-billion tax-exempt affordable housing bond portfolio with Freddie Mac. The transaction closed December 27, 2007.

States Unveil New Nationwide Mortgage Regulatory Framework

WASHINGTON, D.C. – On January 2, a new era for mortgage regulation in the United States will ring in when the states' Nationwide Mortgage Licensing System (NMLS) goes live.

Orleans Homebuilders Announces Strategic Disposition of Certain Land Positions

Orleans Homebuilders, Inc. (Amex: OHB) announced today, that it closed nine transactions to dispose of approximately 1,400 lots, within five states prior to its December 31st taxation year end. The Company separately executed option agreements on approximately 350 lots in two communities in different states, for a net decrease in its owned and controlled lot count of approximately 1,050 lots.

Freddie Mac Purchases $198 Million Capmark Mortgage Pool

McLean, VA - December 31, 2007 - Freddie Mac (NYSE:FRE) announced that it has purchased a $198 million pool of cross-collateralized, cross-defaulted mortgages from Capmark Finance, Inc (Capmark Finance). Freddie Mac put together a flexible financing solution for the borrower, Capri Capital Partners, LLC, that met its tight timeline to acquire Capri Apartments.

Live Demonstrations will be Focus of SIPA Village Exhibit at International Builders’ Show

ORLANDO, December 28, 2007 - Builders looking to learn how to build green homes with structural insulated panels can get their questions answered at the Structural Insulated Panel Association’s “SIPA Village” exhibit at International Builders’ Show, February 13-16, in the Orange County Convention Center.

Newly Launched Mortgage Relief Formula Helps Homeowners Stop Foreclosure, Lower Payments Without Getting New...

More homeowners are turning to the newly launched Mortgage Relief Formula for do-it-yourself secrets of stopping foreclosure and getting out of crushing mortgage debt. New Mortgage Relief Formula home study course reveals secrets of how to get mortgage lenders to lower their payments without refinancing. Homeowners learn how to sell their own house in days, without a broker, and how to sell when they owe more than their house is worth

National Home Prices Face Modest Decline

While some housing markets in Florida, Nevada, and California have had sharp declines, nationally home prices have been far less dramatic.

NAR Says Terrorism Insurance Law Will Protect Commercial Market

WASHINGTON, Dec. 27 /PRNewswire-USNewswire/ -- The commercial real estate market and the health of the nation's economy as a whole will benefit from the reauthorization of the federal government's terrorism risk insurance program, which President George W. Bush signed into law yesterday.

U.S. National


AGC

CONSTRUCTION EMPLOYMENT INCREASES IN 34 STATES AND D.C. FROM DECEMBER 2018 TO DECEMBER 2019,...

National
Thirty-four states and the District of Columbia added construction jobs between December 2018 and December 2019, while construction employment increased in 29 states from November

Time to Sell? Consider the Options of Staying or Renting the Home Out

National
Selling a home is not always the right move financially as a home can increase in value and provide rental income. A home that is in an area that has had a bad housing market recently is wise to wait out. Taking a huge loss on a home due to selling after a few years can put the homeowner behind financially for years. Staying in a current home could be the best move or a great option would be to rent the space out. The rent from your current home could cover or nearly cover a mortgage on a new home.
ABC National

ABC’s Construction Backlog Indicator Dips in November

National
Associated Builders and Contractors reported today that its Construction Backlog Indicator fell slightly to 8.8 months in November, a 1.5% decline from October’s reading.
AGC

ADMINISTRATION’S NEW WATERS RULE WILL PROTECT VITAL WATERWAYS WHILE ELIMINATING CONFUSION THAT THREATENED TO...

National
Trump Administration's Navigable Waters Protection Rule Will Provide Permitting Clarity For Needed Infrastructure
NIBS

Speaker Lineup Announced for Building Innovation 2020 Conference

National
The annual meeting of the National Institute of Building Sciences includes 46 sessions on resilience, building technology and workforce
Ginnie Mae

Ginnie Mae MBS Outstanding Increases to $2.118 Trillion

National
Ginnie Mae announced that issuance of its mortgage-backed securities (MBS) totaled $54.74 billion in December, providing financing for more than 214,999 homeowners and renters.

Atlanta REALTORS® Releases December 2019 Statistics on Housing Market

National
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its December 2019 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta.
FEMA

More Than $2.9 Million Approved to Restore Bald Head Island Beach

National
The State of North Carolina and FEMA are announcing an additional $2.9 million to reimburse expenses to restore hurricane- and tropical storm-related beach damage
Sutter Square

Meridian Sells 175,000 SF Office Building in Concord for $30.9M

National
Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the sale of Sutter Square, a 174,689-square-foot, nine-story office building located at 1800 Sutter Street
FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

National
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.
MBA

MBA Statement on CFPB’s Letter Regarding the Qualified Mortgage Standard

National
Statement by MBA President and CEO Bob Broeksmit about the CFPB's letter to senior members of Congress regarding the Bureau's plans for a revised Qualified Mortgage standard
NAHB

Remodelers’ Confidence Increases in Fourth Quarter of 2019

National
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 58 in the fourth quarter of 2019, up three points from the previous quarter.
NAHB

Single-Family Starts Will Gain Ground in 2020

National
Single-family starts should continue on a gradual, upward trajectory in 2020, fueled by solid job growth and low mortgage rates that will keep demand firm, according to economists speaking at the International Builders’ Show in Las Vegas today

A Real Estate Agent’s Moving Guide: 4 Tips to Help Your Clients

National
If you want to be as helpful as possible as a real estate agent, you don’t only strive to ease the process of finding a new home for your clients but try to make the moving stress-free and efficient. How to do that? We got you covered with this guide that contains various tips that will really help your clients with everything relocation-wise.

Civil Rights Leaders Respond to Trump Administration’s Latest Attack on Fair Housing, Legacy of...

National
Proposal from HUD to Effectively Eliminate Affirmatively Furthering Fair Housing Rule Weakens Enforcement of Fair Housing Laws, Reinforces Decades of Discriminatory Practices

BLM OFFERS $1,000 REWARD FOR INFORMATION ABOUT PERSON(S) RESPONSIBLE FOR VANDALISM AND THEFT OF...

National
The Bureau of Land Management is offering a $1,000 reward for information leading to the arrest and conviction and/or civil prosecution of the person(s) responsible for the vandalism and theft of government property stolen from Desert Springs Remote Automated Weather Station (RAWS) near Hungry Valley, NV
At Home Spokane

Single-Tenant At Home Retail Property Sells in Spokane, Washington

National
Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the sale of a single-tenant net-lease property occupied
McCormick Construction

Appraisal Institute Seeks to Expand Valuation Profession Leadership in 2020

National
CHICAGO - RealEstateRama - The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today announced that the organization will seek in 2020 to...
SEIA

SEIA Board Elects Solar Veteran as New Chair

National
Following a vote by its board of directors, the Solar Energy Industries Association (SEIA), the nation’s leading solar advocacy organization, announced that George Hershman, president of Swinerton Renewable Energy
Enterprise Community Partners

Enterprise Community Partners and Wells Fargo Launch the Housing Affordability Breakthrough Challenge

National
Competition will award $12 million in grants for six innovative proposals that advance creative housing affordability solutions. Enterprise Community Partners (Enterprise)

U.S. States


Starbucks_Fresno

Brand-New Single-Tenant Starbucks Drive-Thru Trades in Fresno, Calif. for $1,345 PSF

California
Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a brand-new, single-tenant Starbucks
FEMA

Rosenberg family home for the holidays – and prepared for future hurricanes

Texas
A Houston-area mom is sharing her Hurricane Harvey recovery story this holiday season, along with the importance of always being prepared for flood events.

5 Cities in Florida: Which One Makes for the Best Real Estate Investment Opportunity...

Florida
Fast-growing Florida has been a favorite of real estate investors for many years. With so much interest having been focused on the state, though, investors need to take care to seek the best available opportunities.

WALTER J. MAHONEY STATE OFFICE BUILDING TO BE SOLD

New York
Office of General Services Commissioner RoAnn Destito today announced that the Senator Walter J. Mahoney State Office Building located at 65 Court Street in Buffalo will be sold at auction in 2020. A work group formed earlier this year made up of City, County, and State officials working with professional real estate consultants CBRE, determined that in the current competitive and robust Buffalo real estate market
SCR

Charleston South Carolina expected to outpace national real estate market averages through 2025

National
The National Association of Realtors® (NAR) recently identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are
Peter Evering

WHAT IS THE EVICTION PROCESS IN CALIFORNIA?

California
Eviction is a dirty word for both tenants and the landlords that believe the time has come to remove one or more parties from an apartment. The process anywhere can lead to a strained relationship at best and a bitter acrimonious fight that ends up in the judicial system.
FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Texas
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Katy, Houston and Spring from Monday, Dec. 9, to Saturday
ABC National

Florida Tops ABC’s Annual Merit Shop Scorecard State Ranking for Second Year in a...

Florida
Associated Builders and Contractors released its 2019 Merit Shop Scorecard today, an annual ranking based on state policies and programs that encourage workforce development, career and technical education
Top 4 Places to Buy a Second Home

Top 4 Places to Buy a Second Home in the US

National
There are about 7.4 million homes owned as a second home in the United States. For many people, their second home is a vacation home. This gives them a chance to get away and break routine while also having all of the comforts of being in their own home.
Carol Corden cuts the ribbon

Ribbon Cutting Celebrating New Affordable Apartments in the Bronx for Low-Income Families and Domestic...

New York
New Destiny was joined by supporters and colleagues to celebrate the opening of its newly constructed service-enriched affordable housing project - The Jennings - located in the Crotona Park East
HUD - U.S. Department of Housing and Urban Development

HUD AWARDS $1.5 MILLION TO PUBLIC HOUSING AUTHORITIES TO ASSIST YOUNG PEOPLE AGING OUT...

National
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out

BLM NAMES VETERAN LAND MANAGER TO LEAD CALIFORNIA STATE OFFICE

California
The Bureau of Land Management today announced that Karen Mouritsen has been named the new California State Director—a key leadership position based in Sacramento. As State Director, Mouritsen will direct a team that manages lands encompassing 15% of the Golden State’s total land mass
USDOJ

California Real Estate Developer Convicted of Making Conduit Contributions in Two U.S. Congressional Campaigns

California
Today, a federal jury found an Oakland-area real estate developer guilty for funneling tens of thousands of dollars through straw donors into two consecutive congressional campaigns

NYS OASAS ANNOUNCES OPENING OF NEW RECOVERY CENTER IN NEW YORK CITY

New York
The New York State Office of Alcoholism and Substance Abuse Services (OASAS) today announced the opening of the new JLC Recovery and Wellness Center in New York City. JLC is operated by Exponents Inc. and provides free help and support services for people affected by addiction and for their families.

Robust U.S economy not a boost for black homeownership

National
In spite of a robust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop. Drawing from the 2019 release of the National Association of Real Estate Brokers
DOI

Share Secretary Bernhardt Inspects Key Water and Power Facility in Western Colorado

National
WASHINGTON – U.S. Secretary of the Interior David Bernhardt inspected a key piece of national water infrastructure at Morrow Point Dam, located on the Gunnison...

Laura Derrick named 2019 South Carolina REALTOR® of the Year

National
South Carolina REALTOR® (SCR) member, past president and Realtor® at Coldwell Banker Residential Brokerage in Columbia, was named the association’s 2019 REALTOR® of the Year at its annual conference at the Francis Marion Hotel in Charleston on September 11, 2019.
FEMA

Impacted by Recent Flooding, Tornadoes and Severe Storms? Here’s How to Apply for FEMA...

Mississippi
Mississippi households in eight counties impacted by the storms, straight-line winds, tornadoes and flooding beginning on February 22 and continuing to March 29, 2019 are eligible to apply for federal disaster assistance to help
Miami’s Real Estate Industry

The Wizards of OZ: A Discussion about Opportunity Zone Investment

Florida
Last week CREW Miami (Commercial Real Estate Women) held its September lunch program, The Wizards of OZ hosting a panel of experts who discussed and answered questions about recent Opportunity Zone transactions

August Housing Stats for DC and Montgomery County

National
GCAAR is pleased to present its market information through a partnership with ShowingTime RealEstate Business Intelligence (RBI). Look to GCAAR as your source for comprehensive market data on the Washington, DC metro area market.

Popular


NAHB

New Home Sales Decline in May

National
Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
DOI

$17+ Million in Grants Will Help States, Local Communities Keep Waters Clean, Economies Thriving

National
Water-loving outdoor recreationists and local communities in 27 states will have additional resources to help boaters keep America’s waters clean, thanks to more than $17 million in Clean Vessel Act program grants from the U.S. Fish and Wildlife Service.
FEMA

Port Aransas ready for return of summer tourism

Texas
Texas SandFest drew a record 35,000 people April 26-28, encouraging business owners that Port Aransas is on its way to recovery. With nearly all the city’s retailers and restaurants re-opened, residents are beginning to feel like things are getting back to normal.
OJO Labs - Eight Major Awards

OJO Labs: Five Months, Eight Major Awards

National
OJO Labs, a leading-edge technology company on a mission to empower consumer decision-making through its conversational AI assistant, OJO, won the highly coveted 2019 A-List Award among mid-sized companies from the Austin Chamber of Commerce in partnership with SXSW
Property on Airbnb

Should I Rent Out my Property on Airbnb?

National
Listing property on Airbnb has become a popular way to make extra money, meet new people, and provide some freedom, but there are a few key things to think about when you are considering listing your property. It is key to know what you’re getting yourself into.
Rockefeller Foundation

The Rockefeller Foundation Launches $5.5 Million Opportunity Zone Community Capacity Building Initiative for Select...

National
The Rockefeller Foundation today announced an initiative to help U.S. cities attract responsible private investment in economically-distressed communities through Opportunity Zones created in the 2017 Tax Cuts and Jobs Act. This effort will help ensure new investment delivers sustainable benefits for more than 30 million low-income Americans living in Opportunity Zones
PaulineWeaver

Eden Housing and City of Fremont Celebrate Grand Opening of KTGY-Designed Affordable Senior Housing...

National
Pauline Weaver Senior Apartments is located in the Warms Springs area of Alameda County and features 90 apartment homes for very low and extremely low-income seniors, near I-880 freeway, BART, shopping, services and other amenities.
VA

VA’s Home Loan Guaranty program notifies Veterans of potential loan fee waivers

National
The U.S. Department of Veterans Affairs (VA) announced May 13 that Veterans who qualify for a VA Home Loan funding fee waiver are now being notified in their home loan eligibility certificate and disability compensation award letter.
Merri Jo Cowen - headshot

A Stellar Idea: My Florida Regional MLS Reimagines the Multiple Listing Service

The nation's third-largest Multiple Listing Service, My Florida Regional MLS, will become Stellar MLS on June 4, 2019, in a move that totally reimagines the MLS. Currently serving 58,000 customers
HUD - U.S. Department of Housing and Urban Development

NATIONAL ASSOCIATION OF HOME BUILDERS TO CO-HOST HUD INNOVATIVE HOUSING SHOWCASE

National
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department's inaugural "Innovative Housing Showcase." The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019

Department of the Interior: Yakima Water Plan Is a “Model” and “Holistic”

Yesterday, U.S. Senator Maria Cantwell (D-Wash.), ranking member of the Senate Energy and Natural Resources Committee, asked the Department of the Interior about its commitment to the Yakima River Basin during a hearing on the president’s FY 2017 budget request. Deputy Secretary of the Interior Michael Connor agreed with Sen. Cantwell that the Yakima River Basin plan “is a model for the rest of the nation in water management.”

Energy Costs to Cook Thanksgiving Meal Up to 25% Lower in 2015

“Consumers Energy is thankful to be a part of holiday celebrations across the state as warm Thanksgiving memories are being made, and we are committed to providing many more generations of Michigan families with reliable, affordable energy in all seasons,” said Garrick Rochow, Consumers Energy’s vice president and chief customer officer

Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound

Department Enters into Consent Order with Equity Loans, LLC and its owners Eduardo Gutierrez...

Atlanta, Georgia - November 13, 2013 - (RealEstateRama) -- the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Equity Loans, LLC, License Number 23300, located at 1150 Hammond Dr., Building E, Suite 650, Atlanta, Georgia 30328, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act

Business Real Estate Press Releases

Sutter Square

Meridian Sells 175,000 SF Office Building in Concord for $30.9M

Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the sale of Sutter Square, a 174,689-square-foot, nine-story office building located at 1800 Sutter Street

Recent Gov & Nonprofit Real Estate Press Releases

AGC

CONSTRUCTION EMPLOYMENT INCREASES IN 34 STATES AND D.C. FROM DECEMBER 2018...

Thirty-four states and the District of Columbia added construction jobs between December 2018 and December 2019, while construction employment increased in 29 states from November