Archives

NAIOP Research Foundation Announces Officers for 2015-2016

The NAIOP Research Foundation has appointed officers for 2015-2016. The officers lead the Board of Trustees for the Foundation, whose mission is to build better communities through practical research and education that advances the quality and makes evident the benefits of commercial real estate development across North America

New York Fed Report Finds Advances in Auto Loans, Mortgage Originations

Auto debt continued its upward climb during the third quarter of 2015, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit. Auto loan balances increased for the 18th straight quarter, this time by $39 billion, and stand at $1.05 trillion as of the end of September. The report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample of household credit data drawn from anonymized Equifax credit data.

Department of Permits, Licenses & Inspections Debuts Searchable Property Violations Website

The Department of Permits, Licenses and Inspections has launched a new website that for the first time allows the public to search on property violations and track the corrective actions ordered to fix them

Homeowners encouraged to apply for funds to brace and bolt their homes

Next year, 1,000 homeowners across the state will receive up to $3,000 to seismically retrofit and protect their homes from earthquake damage. The Earthquake Brace + Bolt program is expanding to include more than 150 ZIP codes in vulnerable areas in Northern and Southern California

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 13, 2015.  This week's results included an adjustment for the Veterans Day holiday.

Coordinating Healthcare & Housing Resources to End Veteran Homelessness Webinar Now Available

HUD's Office of Special Needs Assistance Programs (SNAPs) and Office of HIV/AIDS Housing (OHH) have posted the recently recorded ‘Hear from Your Peers’ webinar, Spotlighting Communities that are Successfully Coordinating Healthcare & Housing Resources to End Veteran Homelessness. This webinar focuses on the strong bonds forged between HUD-funded housing and service programs, as well as mainstream resources and benefits, to ensure U.S. military veterans successfully receive and maintain housing

Five New England Governors Unite to Support HOME

This week, five New England governors united across party lines in support of the HOME program(link is external), which provides critical funding for rental production, rent assistance, and home ownership. Governors Baker (R-MA), Hassan (D-NH), Malloy (C-CT), Raimondo (D-RI), and Shumlin (D-VT) all signed a letter to the New England federal delegation supporting the President’s budget recommendation of $1.8 billion for the HOME program, which the U.S. House and Senate

Michigan State Police, Consumers Energy, Business Leaders Tell Public: Protect Yourself from Telephone Fraud

Officials from Consumers Energy, Michigan State Police and prominent business organizations encouraged Michigan business owners and residents to take steps to protect themselves from ongoing customer scams that continue across the state entering this holiday season.

Multifamily Drop Pushes Housing Starts Down 11 Percent in October, Permits Rise

Led by a steep drop in multifamily production, nationwide housing starts fell 11 percent to a seasonally adjusted annual rate of 1.06 million units in October, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily starts declined 25.1 percent to a seasonally adjusted annual rate of 338,000 units while single-family production edged down 2.4 percent to 722,000 units. Both sectors posted permit gains.

California home sales and price decrease in October as affordability crunch impacts housing market

California’s housing market softened in October as both statewide sales and median price contracted from the previous month and is still on target to meet forecast projections, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Builder Confidence Drops Three Points in November

Builder confidence in the market for newly constructed single-family homes slipped three points to 62 in November from an upwardly revised October reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

Top Tips to Make Your Home Safe for Holiday Visitors

To help prepare your home for holiday visitors, the National Association of Home Builders (NAHB) Remodelers offers home maintenance tips that are designed to increase safety and accessibility for older family and friends who visit this holiday season.

Five Clare County Organizations Benefit From Consumers Energy Service Center Donations

Consumers Energy has donated nearly $7,300 of furniture and other office items from its former Clare Service Center to four Clare County nonprofit organizations and the City of Clare.

Habitat for Humanity builds stability and safety through housing for 6.8 million people in...

Working alongside people around the world in need of decent, affordable shelter, Habitat for Humanity improved housing in partnership with 1.8 million people in fiscal year 2015 as stated in its new annual report, “Together We Build.” Since 1976, Habitat has helped 6.8 million people through housing opportunities and solutions, enabling them to achieve the strength, stability and independence they need to build brighter futures.

FIRST AFFORDABLE HOUSING UNITS OPEN THROUGH WOODWARD CORRIDOR INVESTMENT FUND

The Regis Houze, the first project of the Capital Impact Partners-managed Woodward Corridor Investment Fund (WCIF), held its ribbon-cutting ceremony today in a prime location just off Woodward Avenue in the New Center area of Detroit.

NCRC Report Shows Stark Racial Lending Disparities in Baltimore

The National Community Reinvestment Coalition (NCRC) released an analysis of home purchase and small business lending in Baltimore, Maryland, and the surrounding areas. The analysis reveals deep racial disparities in mortgage lending.

C.A.R. installs 2016 Leadership team

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today installed its 2016 Leadership Team. Leading the team is C.A.R. President Pat “Ziggy” Zicarelli, a second-generation REALTOR® and broker in Southern California. Serving with Zicarelli are President-elect Geoff McIntosh, Treasurer Jared Martin, and Chief Executive Officer Joel Singer.

SEIA Welcomes New Members to its Board of Directors

The Solar Energy Industries Association (SEIA), the national trade association for the U.S. solar energy industry, announced today that Mortenson Construction, one of the largest construction firms in the United States, has joined SEIA’s board. Senior Vice President, Jim Yowan, will serve as a director

South Carolina REALTORS® Release October Housing Market Data

The reports reveal the number of homes, condos and villas sold compared to last year has declined by more than five percent, while the average days on market is also down by 12 percent compared to last year.New listings also decreased by almost seven percent to 7,693 along with Pending Sales which decreased ten percent to 4,798

MBA Statement Regarding FHA’s Annual Report to Congress

David H. Stevens, President and CEO of the Mortgage Bankers Association, issued the following statement today after the Federal Housing Administration (FHA) released its annual report to Congress

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

Property Management Services

Property Management Services: A Real Estate Investor’s Best Friend

Hiring a property management service for your rental property can be a huge asset when it comes to maintaining your rental property. The decision to hire a property management company is something to carefully consider but there are many pros