Dr. Coburn Criticizes Senate for Rushing and Attempting to Ban Debate on Critical Mortgage...

WASHINGTON, D.C., Nov. 15, 2007 – U.S. Senator Tom Coburn, M.D. (R-OK) released the following statement today regarding the Senate’s attempt to pass a complex and critical mortgage reform bill without the opportunity for debate or amendment.

House Passes Historic Mortgage Reform Legislation

Washington, DC, Nov. 15, 2007 - The U.S. House of Representatives today approved historic bipartisan legislation to reform mortgage and anti-predatory lending practices by a vote of 291 to 127. H.R. 3915, the “The Mortgage Reform and Anti-Predatory Lending Act of 2007” will establish a national standard to rein in the abusive lending practices that contributed to the current mortgage crisis

Staying Out of Court Is Simple: Think Like a Buyer

There are so many ways real estate professionals can get snagged by a lawsuit that it's hard to keep track of everything that poses a risk. But by looking at each transaction through the eyes of the buyer, you can protect yourself, trainer and author Barbara Nichols said at the 2007 NAR Conference & Expo in Las Vegas.

Coalition of Consumer and Anti-Poverty Groups Opposes Predatory Mortgage Bill

WASHINGTON, D.C., Nov. 15, 2007 – A bill designed to address abuses in the lending market would leave consumers worse off than if Congress did nothing at all, a group of national and local consumer and poverty law organizations told lawmakers today. The group is urging lawmakers to defeat H.R. 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007, scheduled for a vote today in the U.S. House of Representatives.

2008: A Year of Opportunity

“2007 has been a year of challenge; 2008 will be a year of opportunity for serious buyers and for REALTORS®,” NAR Chief Economist Lawrence Yun told a packed house at the NAR Conference Tuesday.

SIPA Announces Call for Entries for Building Excellence Awards Competition

The Structural Insulated Panel Association (SIPA) is now accepting entries for the sixth annual Building Excellence Awards. This unique competition recognizes the exceptional projects that SIPA members build with energy efficient structural insulated panels (SIPs)

Top 5 Markets Where Home Prices are Rising

Home prices have risen in five major markets, while continuing to fall in the rest of the country, according to the S&P/Case-Shiller home price index for August, released Tuesday.

NAR Survey Shows Consumers Very Satisfied With Agent Performance

LAS VEGAS, November 13, 2007 - A new consumer survey shows that buyers and sellers are very satisfied with their real estate professionals. Home buyers use many tools in the transaction process, and both buyers and sellers highly value the personal touch and services real estate professionals offer. The survey was released here today at the 2007 REALTORS® Conference & Expo.

Foreclosure Activity Up 30% in Third Quarter

RealtyTrac(R) released its Q3 2007 U.S. Foreclosure Market Report, which shows a total of 635,159 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 446,726 properties nationwide during the third quarter, a 30% increase from the previous quarter and an increase of nearly 100% from the third quarter of 2006.

NAR Finds For-Sale-By-Owner Transactions Remain at Record Lows

LAS VEGAS, November 13, 2007 - The level of for-sale-by-owner transactions remains at a record low, according to the National Association of Realtors® 2007 Profile of Home Buyers and Sellers. The survey was released today at the 2007 REALTORS® Conference & Expo, here through November 16.

Successful Long-Term Homeownership Begins with Consumer Education

Phoenix, AZ, November 13, 2007 – Homeownership counseling and education are more important now than ever given the recent rise in mortgage delinquencies and foreclosures. Freddie Mac (NYSE: FRE), one of the nation's largest investors in residential mortgages, and the National Council of La Raza (NCLR), the nation's largest Hispanic advocacy organization, are continuing their tradition of working together by educating Latinos in the Phoenix area on all aspects of homeownership, from maintenance to financial management and foreclosure prevention

America’s Undervalued Real Estate Markets

When a market goes through uncertain times, investor caution reigns. And whether you're talking about the housing market or the financial services sector, there's been so much bad news lately that it makes sense for buyers and investors to remain wary.

Think in Reverse to Succeed in Auctions

Real estate professionals who want to work in property auctions need to adopt a new way of thinking, says Ted Cucuro, a senior broker associate with Sheldon Good & Co., Chicago. “We do everything in reverse,” Cucuro told attendees of an educational session at the 2007 REALTORS® Conference & Expo in Las Vegas.

Bayh Presses Forward with Property Tax Relief Plan

Washington, Nov. 8, 2007 — U.S. Senator Evan Bayh has enlisted the support of 15 Senate colleagues to join his call to provide property tax relief to 32 million homeowners across the country who do not itemize their federal tax returns by allowing them to deduct their state and local property taxes.

Most Affordable Places To Live Well

Triple-digit monthly parking fees, $12 movie tickets, clogged intersections and weekly grocery bills that rival some mortgage payments. Welcome to life in the Big Apple. And Los Angeles. And Chicago.

Business Real Estate Press Releases

Plaza At Powe rMarketplac

CBRE Completes $16.6 Million Sale of Plaza at Power Marketplace in...

CBRE has completed the $16.6 million sale of Plaza at Power Marketplace, a ±70,961-square-foot shopping center located at 7225 S. Power Road and 18490-18550 E. Rittenhouse Road in Queen Creek, Arizona. The property is located near the Arizona State University Polytechnic Campus and the Phoenix-Mesa Gateway Airport.

Recent Gov & Nonprofit Real Estate Press Releases

Congresswoman Eleanor Holmes Norton

Norton to Testify Opposing All Anti-Home-Rule Riders to D.C. Appropriations Bill...

Congresswoman Eleanor Holmes Norton (D-DC) will testify in support of her amendments to strike all five anti-home-rule riders from the House’s fiscal year 2019 District of Columbia Appropriations bill, as well as in opposition to three newly filed anti-home-rule amendments, at a House Rules Committee markup scheduled for Monday, July 16, 2018, at 5:00 p.m., in H-313 (U.S. Capitol).