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Property, Rentals, Transactions

Mayor Domenic J. Sarno Announces Administration’s Recommendation for Fiscal Year 2016 Property Tax Rates

ayor Domenic J. Sarno announced today his administration’s recommendation for Fiscal Year 2016 property tax rates. The proposed tax rates are $19.66 per thousand dollars of value for residential property and $38.60 per thousand for commercial, industrial, and personal property. “I am pleased that we are able to reduce both tax rates and continue to promote stable neighborhoods with improving home values as well as a strong economic policy of retaining and expanding jobs.”

Silicon Valley Association of REALTORS® Earns Third NAR Platinum Award for Global Achievement

For the third year in a row, the Silicon Valley Association of REALTORS® (SILVAR) has earned the National Association of REALTORS® (NAR) Platinum Award for Global Achievement. The platinum award is the highest distinction presented by NAR to an association for having demonstrated through its global business council exceptional commitment to building members' awareness of the global and multicultural business opportunities in their local markets

Homes Prices up 8.7% in October; Sales in 2015 Outpace Last Year.

Home prices continue to climb. Home sales dipped slightly and the days on market remain low. The median sale price rose 8.7 percent from October of last year. The median price was $126,500 in October 2014 compared to $137,500 this year. Homes were on the market for an average of 69 days last month compared to 86 days in October 2014. That is a decrease of almost 20 percent!

2015 NJ REALTORS Circle of Excellence Sales Award

Did you have a banner year? Did you hit your sales goal and then some? Submit your application for the NJ REALTORS® Circle of Excellence Award! The award recognizes those members who have demonstrated excellence in the field of salesmanship. This prestigious program comprises two awards: The NJ REALTORS® Circle of Excellence Award and the NJ REALTORS® Distinguished Sales Club application.

California pending home sales bounce back in October

Pending home sales bounced back from the previous month at the statewide level in October, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Pending sales were also significantly higher on an annual basis, portending higher closed escrows in the next couple of months

Lake County Building Services to offer workshop on proper set up of manufactured homes

The free class, presented by Blaine Fort, Department of Motor Vehicles Safety Program Consultant, Manufactured Housing Section, will cover the installation and safety aspects of setting up a manufactured home. Fort will also discuss what local inspectors look for when reviewing installations. A question and answer opportunity is also scheduled during the event.

Moderate Expansion, Easing Prices Expected for Commercial Real Estate Markets

Sustained job growth throughout the country and improving credit conditions are forecast to help keep commercial real estate activity expanding into next year, but property prices are likely to slightly cool off after reaching their peak in some major markets, according to the National Association of Realtors®quarterly commercial real estate forecast.

HDC Community Fund $700,000 loan will help Human Solutions acquire property for year-round emergency family shelter

When Human Solutions needed funds—quickly—to acquire a blighted commercial property and convert it into an emergency shelter for homeless families, we were there to help. Early next year the Southeast Portland nonprofit will reopen the shuttered Black Cauldron strip club at Southeast 160th Avenue and Stark Street as Multnomah County’s first year-round, 24/7 family shelter. Providing 130 urgently needed beds for kids and adults, plus laundry facilities, showers, a computer lab and indoor and outdoor play areas, the facility will replace and improve upon Human Solutions’ inadequately sized winter warming center, located a few blocks away.


Mid-America Association of Real Estate Investor’s announced the launch of its annual metrowide fundraising campaign to benefit the Marine Toys for Tots Foundation in the Kansas City Area. Now through Tuesday, December 8, member’s and guests can spread holiday joy to some of the 15.5 million U.S. children living in poverty by donating new, unwrapped toys at the Holiday Inn & Suites at 8787 Reeder Road in Overland Park Kansas or bring a toy to the monthly Meeting.

Palm Beach County: Home Sales Hit 18-Month Low

Housing market reports for October 2015 are now available. Below are the year-over-year figures for Palm Beach County from the Realtors® Association of the Palm Beaches (RAPB). RAPB is the 6th largest local association in the country representing over 14,000 REALTOR® members involved in all aspects of residential, commercial, and global real estate throughout Southeast Florida and the Treasure Coast.

Governor Beshear Presents $1.5 Million for Paducah Riverfront Redevelopment Project

Governor Steve Beshear today ceremonially presented more than $1.5 million in state funding to support Paducah’s Riverfront Redevelopment Project, which aims to transform the community’s Ohio River shoreline.

October Marks More than Four Years of Price Appreciation in Miami

The Miami-Dade County real estate market continued to strengthen in October as properties sold fast and near asking price and sales prices again increased, according to a new report by the 41,000-member MIAMI Association of REALTORS® (MIAMI) and Multiple Listing Service (MLS) system

Illinois home prices climb in October; Sales lower amid tighter inventory

The Illinois statewide median price experienced a 6.3 percent annual gain in October. Sales declined slightly as available housing inventory tightened, according to the Illinois Association of REALTORS

Coffman Co-sponsors Legislation to Help First-Time Homebuyers

U.S. Representative Mike Coffman (CO-06) announced his Co-Sponsorship of H.R. 4114, legislation to assist first-time homebuyers. “Homeownership is a crucial component of the American Dream and that is why I’m committed to passing this legislation.”


The U.S. Department of Housing and Urban Development (HUD) announced the availability of new funding to help local communities across the country to redevelop severely distressed public and HUD-assisted housing and transform surrounding neighborhoods. The funding announcement introduces an additional, innovative component to the Choice Neighborhoods Planning Grant, called Planning and Action Grants.

October Residential Real Estate Outperforms Last Year in Pace and Price October 2015 Virginia residential real estate sales exceed 2.7 billion dollars

October residential real estate sales indicate sustained market improvement, with a rise of over five percent from the same time period last year. Higher volume coupled with a higher median sales price accounts for the bump in overall transactional value from $2.59 to $2.72 billion. According to the October 2015 Home Sales Report released by the Virginia Association of REALTORS® (VAR), sales each month this year have exceeded the sales for the corresponding months in 2014.

New York State housing market thrives in October

The 2015 New York State housing market growth trend continued into October, reaching the highest level of closed sales for the month in more than 25 years, according to the housing market report released today by the New York State Association of REALTORS. October 2015 closed sales increased nearly 2 percent to reach 11,216.

Hanley Investment Group Completes Sale of Hemet Plaza for $5,575,000

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Senior Vice President Pat Kent completed the sale of Hemet Plaza, a 58,035-square-foot shopping center anchored by Big Lots (not part of the sale) and True Value hardware store in Riverside County, California. The purchase price was $5,575,000, representing a cap rate of 6.3%.

Lower Fuel Costs Help Maintain Buying Power of Fuel Assistance Benefits for Vermont Households

AHS Secretary Hal Cohen and DCF Commissioner Ken Schatz announced today that Vermont has been awarded approximately $18.4 million in federal funds for this year's Low-Income Home Energy Assistance Program (LIHEAP) also known as Seasonal Fuel Assistance. These funds will help about 24,700 low-income Vermont households to heat their homes this winter by paying a portion of their home heating bills

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 4300 Highway 17 South in North Myrtle Beach, South Carolina for $5,015,000.