At FTC’s Request, Court Halts Massive “Sanctuary Belize” Real Estate Investment Scam
At the Federal Trade Commission’s request, a federal district court in Maryland issued an order temporarily shutting down the largest overseas real estate investment scam the FTC has ever targeted.
FTC to Announce Enforcement Action against Largest International Real Estate Investment Scheme the Agency...
The Federal Trade Commission will hold a press conference on Thursday, November 8 at 11 am in Washington, DC, to announce a law enforcement action against the largest-ever international real estate investment scheme the agency has encountered.
2018 Commercial/Multifamily Originations Forecast to Match 2017’s Record Year
The Mortgage Bankers Association (MBA) expects commercial and multifamily originations to close the year roughly on par with the record activity seen in 2017. MBA projects commercial and multifamily mortgage originations to total $532 billion in 2018 - essentially flat from last year's record volume of $530 billion
USDA Announces Investments to Improve Rural Electric Infrastructure and Increase Grid Resilience
Assistant to the Secretary for Rural Development Anne Hazlett today announced that USDA is investing $1.6 billion in 46 rural electric utility infrastructure projects to improve electric reliability and resilience in 24 states.
Housing Affordability Edges Lower in the Third Quarter
A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.
As Election Day Arrives, Realtors® Outpace Early Voting National Average
On Tuesday, as the nation sets out to decide control over the U.S. Senate and House of Representatives, along with countless local government seats across the country, early data showed Realtor® interest in the election, as measured by early voting, outpacing the national average.
Hanley Investment Group Arranges the Sale of Costco and Lowe’s Shadow Anchored Shopping Center...
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 Lake Elsinore Marketplace, a 144,034-square-foot regional shopping center anchored by Grocery Outlet
Woodlawn Mixed-Use Affordable Housing Development Earns EPA’s ENERGY STAR® Certification for Superior Energy Efficiency
Woodlawn Station, a mixed-use, transit-oriented building at South Cottage Grove Ave and 63rd Street developed by Preservation of Affordable Housing (POAH) has earned the U.S. Environmental Protection Agency’s (EPA’s) ENERGY STAR certification. The building contains 70 mixed-income apartments and ground-floor commercial space that will host Daley’s Restaurant, an iconic historic Chicago diner
CRL Statement on Newly-Elected Congress
This evening, several news outlets are reporting that Congressional Democrats have gained control of the U.S. House of Representatives. Media wires are also showing that Republicans have kept their majority in the U.S. Senate.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 4.0 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 2, 2018.
Norton to Push for Votes on D.C. Statehood and Bills to Expand D.C. Home...
Congresswoman Eleanor Holmes Norton (D-DC) today said that, with Democratic control of the House of Representatives for the first time in eight years, she will engage in a number of strategies to make District of Columbia residents equal to other Americans. Norton said she will push for a vote on the House floor on her bill to make the District a state.
Statement from NAHB Chairman Randy Noel on 2018 Midterm Elections
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement regarding the 2018 midterm elections
SEIA Welcomes Nevada’s Approval of 50 Percent Renewable Energy Target
The Solar Energy Industries Association (SEIA) welcomed the decision by voters in Nevada to approve Question 6 to raise the state’s renewable portfolio standard to 50 percent by 2030, doubling it from the current 25 percent target
New Hanover County Elections Room Change at Northeast Regional Library
Due to a water main leak at the Northeast Regional Library today, the polling location within the building will be moved from the Paynter Room to the Oleander Room. The library is located at 1241 Military Cutoff Road. Parking is available at the library and voters are asked to enter the side entrance to the building.
National Association of Realtors® Installs 2019 Leadership
John Smaby, a second-generation Realtor® from Edina, Minnesota, was installed today as 2019 president of the National Association of Realtors® during the 2018 REALTORS® Conference & Expo.
The Boulder Group Arranges Sale of a $16 Million Single Tenant Net Leased Jewel-Osco...
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Jewel-Osco property located at 4650 W 103rd Street, Oak Lawn, IL for $16,000,000.
NAR Presents Realtor® JoAnne Poole with Distinguished Service Award
JoAnne Poole, a Realtor® from Glen Burnie, Maryland, has received the National Association of Realtors® 2018 Distinguished Service Award. The honor is presented yearly to no more than two of NAR's 1.3 million members. Winners were recognized at the REALTORS® Conference & Expo in Boston.
WSSC Responds to Sanitary Sewer Overflow at Broad Creek Wastewater Pumping Station and Wastewater...
Heavy Rain Causes Overflow at Broad Creek / Blockage in Pipe Causes Spill at Piscataway. Heavy rainfall today led to a Sanitary Sewer Overflow at WSSC’s Broad Creek Wastewater Pumping Station, located at 10315 Livingston Road in Fort Washington.
Mortgage Credit Availability Increased in October
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
NAHB Announces Finalists for Apartment and Condo Awards
Roof deck pools and lounges, stunning views, a focus on health and fitness and a friendly welcome for pets are some of the features that millennials and 55+ downsizers are looking for in a multifamily community.
