Monthly Archives: July 2011

MONROE-WOODBURY, N.Y. - July 15, 2011 - (RealEstateRama) -- Only three weeks after opening the doors of their model home, HighPointe at Woodbury Junction is enjoying a surge of interest from buyers looking to take advantage of the community’s desirable Orange County, NY location, luxurious homes and incredible value.

WASHINGTON, DC - July 15, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the Commonwealth of Pennsylvania and provide support to homeowners and low-income renters forced from their homes following severe storms and flooding in April.

WASHINGTON, D.C. - July 15, 2011 - (RealEstateRama) -- The Federal Trade Commission today issued a statement announcing that it will forbear from enforcing most provisions of its Mortgage Assistance Relief Services (MARS) Rule against real estate brokers and their agents who assist financially distressed consumers in obtaining short sales from their lenders or servicers.

Washington, D.C. - July 14, 2011 - (RealEstateRama) -- Anne Balcer Norton, Deputy Commissioner of the Maryland Office of the Commissioner of Financial Regulation, testified on behalf of the Conference of State Bank Supervisors (CSBS) before the Insurance, Housing and Community Opportunity Subcommittee of the House Financial Services Committee on mortgage origination today. Norton detailed efforts by state regulators to improve and enhance mortgage regulation to better protect consumers and to strengthen the mortgage market itself, but also to ensure a diverse mortgage industry which supports a variety of business models.

July 14, 2011 - (RealEstateRama) -- Congressman Rubén Hinojosa announced federal grants totaling $3,865,238 will be distributed to Housing Authorities throughout Congressional District 15 of Texas for projects which include new construction of homes, renovations and upgrades of old homes and create computer centers in public housing neighborhoods. Twenty five housing authorities in the Congressional District 15 of Texas will benefit from this grant.

Washington, DC - July 14, 2011 - (RealEstateRama) -- Congresswoman Johnson announces that the U.S. Department of Housing and Urban Development (HUD) in conjunction with NeighborWorks America has launched the Emergency Homeowners’ Loan Program (EHLP) to help homeowners who are at risk of foreclosure in Texas

WASHINGTON DC - July 14, 2011 - (RealEstateRama) -- U.S. Senator Jack Reed (D-RI) today announced that twenty-five Rhode Island cities and towns will receive a total of nearly $12.7 million in federal funding to develop, finance, and/or modernize pu...

Washington, D.C. - July 14, 2011 - (RealEstateRama) -- Today, U.S. Senator Patty Murray (D-WA), Chairman of the Senate Housing Appropriations Subcommittee and the Senate Veterans’ Affairs Committee, announced that a total of 175 housing vouchers w...

NEW YORK, NY - July 14, 2011 - (RealEstateRama) -- Jones Lang LaSalle has been selected by the Italian Trade Commission to market 33 East 67th Street, once known as the Hugh D. Auchincloss House. Constructed originally as a townhouse, the five-story mansion is located on the Upper East Side of Manhattan and serves as the home of the ITC.

Washington, DC - July 14, 2011 - (RealEstateRama) -- During this morning's Oversight and Government Reform Committee hearing, Congressman John Tierney, Ranking Member of the Subcommittee on National Security, called on Chairman Darrell Issa to refocus his attention on efforts to protect our servicemembers from illegal foreclosures, rather than standing up for the big banks responsible for these egregious actions. He also entered into the record a report compiled by the Democratic staff entitled "Fighting on the Home Front: The Growing Problem of Illegal Foreclosures Against U.S. Servicemembers." The report describes in detail the systemic nature of these problems.

DENVER, CO - July 14, 2011 - (RealEstateRama) -- Judy Fahrenkrog and Peter Blank, leading Broker Associates with Kentwood City Properties and the Mile Hi Modern Team, have announced the sale of a Frank Lloyd Wright-style home in Belcaro, one of Denv...

WASHINGTON, DC - July 14, 2011 - (RealEstateRama) -- The drop in the homeownership rate from an all-time high of 69.2 percent in 2004 to 66.4 percent in the first quarter of 2011 reflects a decline from unsustainable levels to something closer to historical averages, according to a study released today by MBA's Research Institute for Housing America (RIHA). While the homeownership rate may have bottomed out, it could fall another one or two percentage points because of tightened credit and other factors, the paper says.

July 14, 2011 - (RealEstateRama) -- California, Florida, Michigan, Arizona, and Nevada made up more than half of the foreclosure activity in May. According to ForeclosureListings.com, there were 8,828 California foreclosure listings in May and 10,506 in June; an increase of 19.0%.

Marietta, GA - July 14, 2011 - (RealEstateRama) -- RE/MAX Greater Atlanta-Cobb is celebrating its 25th anniversary and, as part of that celebration, has set its sights on expanding its sales team.

Atlanta, GA - July 14, 2011 - (RealEstateRama) -- Billy Spain, a commercial real estate professional previously with RE/MAX Commercial, has joined KW Commercial Realty North Atlanta, a division of Keller Williams Realty. Spain brings a team of five to this new real estate affiliation

WASHINGTON, D.C. - July 14, 2011 - (RealEstateRama) -- Construction costs again outpaced other producer prices in June but contractors remained unable to recoup the costs through higher bid prices, according to an analysis of producer price index figures released today by the Associated General Contractors of America. Association officials said the ongoing cost squeeze will put new pressure on construction firms to reduce staff and possibly close.

La Habra, CA - July 14, 2011 - (RealEstateRama) -- The Irvine office of Lee & Associates, the nation’s largest broker-owned commercial brokerage firm, has closed on a $2.8 million REO sale of a 35,618-square-foot office property called La Habra Town Center I & II in La Habra, Calif.

CHICAGO, IL - July 14, 2011 - (RealEstateRama) -- Jones Lang LaSalle announced that Gregory Bonsignore has joined the firm as Director, Occupancy Planning in the firm’s Strategic Consulting group to support the firm’s long-term strategy to deliver high-performance solutions to clients within its Corporate Solutions business. In this role, Bonsignore will be responsible for driving innovation and product enhancement within the occupancy planning practice.

MORRISTOWN, N.J - July 14, 2011 - (RealEstateRama) -- The wait is over for Morristown residents counting down the days until they can order their caffe lattes and mocha frappuccinos. Starbucks, the newest addition to the Shops on the Green, will hold a grand opening celebration on July 22 from 5 to 7 p.m. Everyone is invited to come enjoy live music, free specialty coffee drinks and complimentary pastries while mingling with local dignitaries and members of the Morristown business community.

WASHINGTON, D.C. - July 14, 2011 - (RealEstateRama) -- The National Association of Home Builders (NAHB) announced the finalists today in the 2011 NAHB Multifamily Pillars of the Industry Awards, which honors the best and most creative work in multifamily housing. Finalists represent a wide array of projects featuring innovative concepts and trends in multifamily housing such as green and energy efficient features, community amenities and proximity to public transportation.