Real estate professionals see rays of light in cloudy market

Local real estate professionals discussed how to ride out a currently stormy housing market that holds promises of better times ahead at the eighth annual State of Real Estate in the Coachella Valley presentation, held today at the Doral Palm Springs Resort.

Renters Four Times More Likely to Move Than Homeowners

OCTOBER 16, 2007 -- The U.S. Census Bureau has released a series of 34 tables on the 40 million Americans who moved between 2005 and 2006, including characteristics of movers by type of move.

Statement by Secretary Henry M. Paulson, Jr. on Announcement of New Private Sector Alliance

Washington, DC, October 10, 2007 --Thank you, Secretary Jackson, for being here today. And thank you to everyone here today with one common objective – helping homeowners stay in their homes. We all know well the turmoil in today's mortgage markets. A combination of stagnant or falling house prices, low down payment mortgages and resetting adjustable-rate mortgage rates are creating real challenges for many American homeowners.

Full Senate Votes to Increase LSC’s Budget

Washington, DC, October 17, 2007 -- By a vote of 75-19, the full U.S. Senate last night approved the FY 2008 Commerce, Justice, Science, and Related Agencies (CJS) funding bill, providing a $41.4 million or 12 percent budget increase for the Legal Services Corporation (LSC), the nation's single largest source of funding for civil legal aid for the poor. LSC would receive a total of $390 million, approaching the $400 million received in FY 1995, the high-water mark in the Corporation's 33-year history.

Senate And House Democratic Leaders Offer Plan To Stem Tide Of Home Foreclosures

Washington, D.C., October 2, 2007 —Senate Majority Leader Harry Reid, Speaker Nancy Pelosi, Senators Chris Dodd and Charles E. Schumer, and Reps. Barney Frank and Carolyn Maloney today offered a plan to stem the rising tide of home foreclosures created by the subprime mortgage market crisis

Comprehensive Mortgage Reform and Anti-Predatory Lending Legislation Introduced in the House

Washington, DC, October 22, 2007 - Reps. Brad Miller (D-NC), Mel Watt (D-NC) and Barney Frank (D-MA) today introduced comprehensive legislation to combat abuses in the mortgage lending market, and to provide basic protections to mortgage consumers and investors. The bill, H.R. 3915, the “The Mortgage Reform and Anti-Predatory Lending Act of 2007” will reform mortgage practices in three areas.

Americans Trust Their Financial Institutions to Disclose Terms, Help Manage Finances

WASHINGTON, Oct. 18 /PRNewswire/ -- American consumers give their own banks and credit card companies a 76 percent approval rating when it comes to being fair when disclosing terms to customers; they also rank their own personal banks and credit card companies far higher than the federal government when it comes to helping them handle their overall finances, according to the Second Annual Financial Fitness Survey released by The Financial Services Roundtable.

National Association of Realtors(R) Revised 2007-2008 Statistical & Forecast News Release Schedule

National Association of Realtors(R) Revised 2007-2008 Statistical & Forecast News Release Schedule All released at 10:00 a.m. Eastern Time except November Forecast/PHSI

Antitrust Division Launches Web Site on Competition in the Real Estate Brokerage Industry

WASHINGTON, Oct. 10 /PRNewswire-USNewswire/ --- The Antitrust Division of the Department of Justice launched a new Web site today to educate consumers and policymakers about the potential benefits that competition can bring to consumers of real estate brokerage services and the barriers that inhibit that competition

Study: Wal-Mart Systematically Challenges Property Tax Assessments, Cutting Support for Schools and Other Government...

WASHINGTON, Oct. 10 , /PRNewswire-USNewswire/ --- The first-ever investigation of Wal-Mart's local property tax records finds that the retailer systematically seeks to minimize its payments that support schools and other government services. That's the finding of Rolling Back Property Tax Payments, a report released today by Good Jobs First, a non-profit research center.

American Red Cross and HUD Agree to Speed Housing Information and Assistance to Displaced...

WASHINGTON, Oct. 4, /PRNewswire-USNewswire/ -- Many disaster survivors who have been forced from their homes will access critically needed housing information and assistance more quickly because of an agreement signed today between the American Red Cross and the U.S. Department of Housing and Urban Development (HUD).

NAR Helps Realtors(R) Manage Multiple Technology Tools

CHICAGO, Oct. 4 /PRNewswire-USNewswire/ -- The National Association of Realtors(R) Center for REALTOR(R) Technology has released a free software toolkit to facilitate open standards-based Single Sign-On. SSO is an authentication process that allows users to enter one username and password to access all online real estate applications.

American Planners Recognize Country’s Great Neighborhoods and Streets

WASHINGTON, Oct. 2 /PRNewswire-USNewswire/ -- The American Planning Association (APA) today announced the country's first 10 Great Neighborhoods and 10 Great Streets to be singled out through the new national program, "Great Places in America." Launched last spring, Great Places in America is APA's flagship program celebrating places of exemplary character, quality, and planning. Places are selected annually and represent the gold standard in terms of having a true sense of place, cultural and historical interest, community involvement, and a vision for tomorrow.

Mortgage Problems Continue to Hamper Pending Home Sales

WASHINGTON, Oct. 2 /PRNewswire-USNewswire/ -- Pending sales of existing- homes activity will be dampened near-term as mortgage disruptions continue to impact the housing market, according to the National Association of Realtors(R).

Center for Responsible Lending’s Corbett to Sit on Subprime Lending Panel

Media Advisory: Center for Responsible Lending senior vice president Keith Corbett will be on a panel to discuss the impact of subprime lending on communities of color

Business Real Estate Press Releases

Multi-Tenant Retail Property

Hanley Investment Group Arranges Sale of Newly Constructed Multi-Tenant Retail Property...

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 completed the sale of a 6,777-square-foot new construction multi-tenant retail pad building occupied by The Coffee Bean & Tea Leaf (with drive-thru), Chipotle, Jersey Mike’s Subs and WaBa Grill at 13916 Garvey Avenue in Baldwin Park, Calif.

Recent Gov & Nonprofit Real Estate Press Releases

Financial Services Committee

Hensarling: Committee Must Examine Allegations of Latest Fannie Mae Backdoor Schemes

House Financial Services Committee Chairman Jeb Hensarling released the following statement following media reports that high ranking Fannie Mae employees have been intentionally violating their government prohibition on lobbying through a series of secret meetings to remove the failed mortgage giant from federal oversight.