RealEstateRama

WASHINGTON, D.C. - June 14, 2013 - (RealEstateRama) -- Twenty-nine Michigan counties will receive a total of more than $4.1 million from the Interior Department as part of the Payments in Lieu of Taxes (PILT) program, Sens. Carl Levin and Debbie Staben...

Boston - June 14, 2013 - (RealEstateRama) -- Culminating Commonwealth Housing Week and continuing the Patrick Administration’s commitment to improving housing infrastructure to support growth and opportunity throughout the state, the Department of Housing and Community Development today announced $25.8 million in affordable housing resources and tax credits for nine developments in seven communities. In all, the nine projects across Massachusetts will create 694 units of housing and an estimated 600 construction jobs

La Jolla, CA. - June 13, 2013 - (RealEstateRama) -- Bay Area home prices continued to rise in May, the result of an improving economy, low mortgage rates, pent-up demand and continued investor interest. Sales remained below average, mainly because the supply of homes for sale remains unusually tight, a real estate information service reported.

COLUMBUS - June 13, 2013 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) announced the recipients of the 2013 Housing Tax Credit (HTC) program to fund the construction, acquisition and rehabilitation of affordable housing units in Ohio. A ...

WASHINGTON, D.C. - June 13, 2013 - (RealEstateRama) -- In a vote of confidence for HUD and the HECM program, the U.S. House of Representatives on Wednesday passed the Reverse Mortgage Stabilization Act of 2013 (H.R. 2167) by unanimous consent.

Columbus, OH - June 13, 2013 - (RealEstateRama) -- As the potential for severe weather increases, Nationwide Insurance wants to remind those living in the Midwest to take a few precautionary measures to protect their home and personal belongings from damaging wind and heavy rain

WASHINGTON, D.C. - June 13, 2013 - (RealEstateRama) -- The NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) rose by 1.5% in the first quarter of 2013 to 155.0, its highest level since Q1 2009. The RMMI, which analyzes trends in the home values, home equity and mortgage debt of homeowners 62 and older, is updated quarterly and tracks back to the start of 2000

Washington, D.C. - June 13, 2013 - (RealEstateRama) -- The House Judiciary Committee today approved legislation by voice vote that prohibits state and local governments that receive federal economic development funds from using eminent domain to transfer private property from one private owner to another for the purpose of economic development, the Private Property Rights Protection Act (H.R. 1944). This legislation is in response to the 2005 Supreme Court decision in the case of Kelo v. City of New London, which gives local governments broad authority to seize private property under the guise of economic development just to generate tax revenue. The Private Property Rights Protection Act passed the House of Representatives in the 109th and 112th Congresses

Washington, DC - June 12, 2013 - (RealEstateRama) -- House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing titled ““Beyond GSEs: Examples of Successful Housing Finance Models without Explicit Government Guarantees.”

WALTHAM, MA - June 12, 2013 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that more homes were put under agreement in the month of May than in any month since January 2004 when MAR began tracking this data. Cond...

WASHINGTON, D.C. - June 12, 2013 - (RealEstateRama) -- Approximately 9,000 homeless veterans living on the streets and in the nation’s shelter system will soon find a permanent place to call home. U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and U.S. Department of Veterans Affairs (VA) Secretary Eric K. Shinseki announced that HUD will provide $60 million to local public housing agencies across the country to offer permanent supportive housing to homeless veterans, many of whom are living with chronic disabling conditions

La Jolla, CA - June 11, 2013 - (RealEstateRama) -- Southern California home sales held at a seven-year high last month thanks to a stronger economy, pent-up demand, low mortgage rates and the widening perception that a home is a good investment. Prices continued to regain lost territory as buyers competed for a thin supply of homes for sale and poured a record amount of cash into the housing market, a real estate information service reported

Washington, DC - June 11, 2013 - (RealEstateRama) -- The Community Development Financial Institutions Fund (CDFI Fund) is proud to announce a Capacity Building Initiative training series designed to support Community Development Financial Institutions (CDFIs) that are also Minority Depository Institutions (MDIs), and MDIs working toward becoming certified as CDFIs. Deloitte Financial Advisory Services will provide the Preserving and Expanding CDFI Minority Depository Institutions training series with the support of relevant industry subject matter experts

CHICAGO, IL - June 11, 2013 - (RealEstateRama) -- The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today advised homeowners to use discretion when deciding which home improvement projects to take on, saying that not all renovations positively impact property values.

WASHINGTON, D.C. - June 11, 2013 - (RealEstateRama) -- Associated Builders and Contractors (ABC) today announced that former National Chairman James (Jim) W. Elmer, founder and president of James W. Elmer Construction Co., Spokane, Wash., received a Life Membership award. He was presented this honor June 18 at ABC’s National Board of Directors meeting in Washington, D.C.

PITTSBURGH - June 11, 2013 - (RealEstateRama) -- The Federal Home Loan Bank of Pittsburgh (FHLBank) is pleased to announce that Board member Patrick A. Bond of Charleston, W.Va., is the first West Virginian to become a National Association of Corporate Directors (NACD) Fellow, the highest level of credentialing for corporate directors and corporate governance professionals.

WASHINGTON, D.C. - June 10, 2013 - (RealEstateRama) -- Congressman Bob Latta (R-Bowling Green) led a letter, signed by members from the Ohio delegation, to the Consumer Financial Protection Bureau (CFPB) regarding the definition of "rural" counties as ...

WASHINGTON, DC - June 10, 2013 - (RealEstateRama) -- Americans’ confidence in their ability to buy and sell a home climbed sharply in May, likely due to reports of strong home price gains, according to results from Fannie Mae’s May 2013 National Housing Survey. The share of respondents who say now is a good time to sell a home reached a record high of 40 percent, compared to 30 percent in April and 16 percent one year ago. At the same time, the share of those who say it is a good time to buy a home moved up 5 percentage points from April to a survey high of 76 percent. Americans’ average 12-month home price change expectation also reached a survey high in May, climbing to 3.9 percent from 2.7 percent in April.

WASHINGTON - June 10, 2013 - (RealEstateRama) -- Nearly 2.7 million checks have been cashed or deposited for about $2.4 billion as a result of the Independent Foreclosure Review (IFR) Payment Agreement through June 6, 2013.

ATLANTA - June 10, 2013 - (RealEstateRama) -- The National Association of Real Estate Editors (NAREE) today announced the winners of its 63rd Annual Journalism Awards, recognizing excellence in reporting, writing and editing stories about residential and commercial real estate