Yearly Archives: 2012

HUD AWARDS $26 MILLION TO CONVERT APARTMENTS INTO ASSISTED LIVING OR SERVICE-ENRICHED SENIOR HOUSING

WASHINGTON, DC - December 20, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today awarded $26 million in grants to the owners of multi-family housing developments in nine states to convert some or all of their apartments into assisted living or service-enriched environments for elderly residents (see attached list for grant recipients).

Housing Remains on Growth Track for 2013, but Challenges Remain

WASHINGTON, D.C. - December 20, 2012 - (RealEstateRama) -- Upward trends in recent months among a number of housing indicators point to a slow and steady growth in the nation’s housing market in 2013, but several challenges remain, according to the latest economic and housing forecast by David Crowe, chief economist for the National Association of Home Builders (NAHB)

EPA Study Reveals Shift in Housing Developments Across the U.S. / More communities embrace...

WASHINGTON, DC - December 20, 2012 - (RealEstateRama) -- The U.S. Environmental Protection Agency (EPA) released a new report examining residential construction trends in America’s metropolitan regions, which finds that nearly three out of four large metropolitan regions saw an increased share of new housing development in previously developed areas during 2005 - 2009 compared to 2000 - 2004.

City awards $19.5 million to construct and preserve permanent affordable housing

SEATTLE - December 20, 2012 - (RealEstateRama) -- Mayor Mike McGinn and Councilmember Nick Licata today announced more than $19.5 million in capital funding for the construction of five new apartment buildings that will serve homeless individuals, low-...

Adam’s Berry Farm Buys Land in Charlotte

Charlotte - December 20, 2012 - (RealEstateRama) -- Adam's Berry Farm is a popular farm business in Chittenden County. After 10 years of renting land in Burlington's Intervale, Adam Hausmann has built up a strong customer base for his organic berries a...

NORTHERN IMPROVEMENT COMPANY SUPPORTS THE LANDING

BOWMAN, ND - December 20, 2012 - (RealEstateRama) -- Northern Improvement Company has contributed $150,000 to the North Dakota Housing Incentive Fund (HIF) to support the development of The Landing, a 24-unit Lutheran Social Services Housing apartment ...

Las Vegas Real Estate Agent Sentenced to 70 Months in Prison for Her Role...

WASHINGTON, DC - December 20, 2012 - (RealEstateRama) -- A Las Vegas real estate agent was sentenced today to serve 70 months in prison for her participation in a mortgage fraud scheme that netted more than $10 million in fraudulent mortgage loans, ann...

TENANTS CALL ON CONGRESS AND SENATE TO SAVE AFFORDABLE HOUSING IN FISCAL CLIFF NEGOTIATIONS

NEW YORK, NY - December 20, 2012 - (RealEstateRama) -- Today, the New York State Tenants & Neighbors Coalition joined a group of low-income tenants who live in government-subsidized affordable housing in New York State in sending over 1,000 postcards to House of Representatives Speaker John Boehner and U.S. Senate Majority Leader Harry Reid, calling on them to fully fund the U.S. Department of Housing and Urban Development (HUD) budget. Low-income tenants are extremely concerned about the ongoing "fiscal cliff" negotiations, and potential cuts to the HUD budget that could affect thousands of low-income renters who rely on federal housing subsidies.

November Existing-Home Sales and Prices Maintain Uptrend

WASHINGTON, DC - December 20, 2012 - (RealEstateRama) -- Existing-home sales continued to improve in November with low inventory supply pressuring home prices, according to the National Association of Realtors

Housing Starts Slip, Permits Rise In November

WASHINGTON, D.C. - December 19, 2012 - (RealEstateRama) -- Following an above-trend rate of production in October, nationwide housing starts slipped 3.0 percent to a seasonally adjusted annual rate of 861,000 units in November, according to newly released data from HUD and the U.S. Census Bureau. Meanwhile, permits for new construction rose to their strongest level in more than four years, with a 3.6 percent gain to 899,000 units.

New York City Economic Development Corporation Selects Developer to Transform Vacant Flushing Property into...

New York , NY - December 19, 2012 - (RealEstateRama) -- New York City Economic Development Corporation (NYCEDC) today announced the selection of Success 88 LLC, a local Queens developer, to transform a vacant property in the heart of Flushing, Queens i...

Christie Administration Announces $400,000 Homelessness Prevention Grant as Part of Christie Administration’s Season of...

CAMDEN - December 19, 2012 - (RealEstateRama) -- As part of the Christie Administration's Season of Service, Attorney General Jeffrey S. Chiesa today visited Catholic Charities, Diocese in Camden, Inc. to announce a $400,000 grant for the agency's work...

USDA Seeks Applications for Funding to Revitalize Rural Rental Housing

WASHINGTON, DC - December 19, 2012 - (RealEstateRama) -- Agriculture Under Secretary for Rural Development Dallas Tonsager announced today that funding is available to preserve and revitalize USDA-financed rural rental housing.

PA Treasury Seeks to Return Nearly $20,000 in Property to Shelters, Food Banks, other...

Harrisburg - December 19, 2012 - (RealEstateRama) -- Ongoing efforts by the Pennsylvania Treasury to reunite community service organizations with unclaimed property have led to claims for more than $13,000 by food banks, shelters and Salvation Army cha...

Gov. Perdue Announces Solution to the Group Home Shortfall Created by the General Assembly

December 19, 2012 - (RealEstateRama) -- Gov. Bev Perdue today announced her proposed solution for the consequences of a change in the way residents in group homes qualify for Medicaid-funded personal care services (PCS). The change is a result of the G...

MBA Convenes Task Force on the Future of the GSEs in the Single Family...

WASHINGTON, D.C. - December 19, 2012 - (RealEstateRama) -- Debra W. Still, CMB, Chairman of the Mortgage Bankers Association (MBA) today announced that the Association has assembled a task force of MBA members to revisit MBA’s groundbreaking 2009 proposal for the future of the secondary mortgage market and the Government Sponsored Enterprises (Fannie Mae and Freddie Mac, or “the GSEs”). MBA’s GSE Single Family Task Force will be led by Tim Dale, Executive Vice President - Mortgage Lending at BB&T and a former chairman of MBA’s Residential Board of Governors (RESBOG).

FEMA Helps Survivors Solve Housing Needs

NEW YORK, NY - December 19, 2012 - (RealEstateRama) -- The Federal Emergency Management Agency and our federal partners are working closely with the state to address the housing needs of New Yorkers displaced by Hurricane Sandy. Our priority is to help...

Refinance Applications Fall to Lowest Level in Over a Month in Latest MBA Weekly...

WASHINGTON, D.C. - December 19, 2012 - (RealEstateRama) -- Mortgage applications decreased 12.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 14, 2012.

November Continues Trend with Increased Sales and Average Selling Prices

December 18, 2012 - (RealEstateRama) -- According to the MLS reports compiled by the Michigan Association of REALTORS®, overall November total sales volume and average sales price of single-family homes in Michigan continued to rise compared to the sa...

MADIGAN SUES “FORENSIC LOAN AUDIT” SCHEMES FOR RIPPING OFF HOMEOWNERS SEEKING LOAN SAVINGS, HELP...

Chicago, IL - December 18, 2012 - (RealEstateRama) -- Attorney General Lisa Madigan today sought to crack down on a new form of “mortgage rescue fraud,” filing lawsuits against two companies for preying on struggling homeowners and promising loan a...

Business Real Estate Press Releases

FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Houston, Pasadena and Webster for rebuilding tips from mitigation experts.

Recent Gov & Nonprofit Real Estate Press Releases

NAR

Pending Home Sales Falter 2.2% in September

Pending home sales experienced a minor decline in September after four consecutive months of contract activity growth, according to the National Association of Realtors®. While all four major U.S. regions recorded notable year-over-year increases