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C.A.R. sends letters to nation’s top lenders, servicers, urging further short sale improvements

LOS ANGELES, CA - August 26, 2011 - (RealEstateRama) -- Recognizing that short sales will be a part of the California real estate landscape for years to come and with more REALTORS® continuing to experience difficulty in closing short sales, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) recently sent letters to the heads of the nation’s four top lenders and servicers, urging more improvements in the short-sale process.

Roppel Returns As AHFC Board Chair

ANCHORAGE, AK - August 26, 2011 - (RealEstateRama) -- Alaska Housing Finance Corporation (AHFC) board of directors, at its annual meeting, this year held in Cordova, re-elected Frank Roppel of Wrangell to serve as the board chair. Governor Murkowski...

CONSTRUCTION FATALITIES DECLINE BY NEARLY 10 PERCENT BETWEEN 2009 AND 2010 AS INDUSTRY CONTINUES...

WASHINGTON, D.C. - August 26, 2011 - (RealEstateRama) -- The number of construction fatalities declined by nearly 10 percent between 2009 and 2010 and by almost 40 percent during the past five years, according to an analysis of new federal data prepared by the Associated General Contractors of America. Association officials pointed to an industry-wide commitment to improving workplace safety as a key reason for the safety improvements.

FOREIGN INVESTOR PURCHASES SOUTH BEACH APARTMENTS FOR $2.7 MILLION

Miami, FL - August 26, 2011 - (RealEstateRama) -- Supporting increased confidence in the market, Domus Group, a Latin American investor purchased 1818 Meridian Avenue in Miami Beach, Florida. Calum Weaver who co-chairs the CB Richard Ellis (CBRE) Multi-Housing Private Capital Group in South Florida negotiated the $2.7 million sale transaction on behalf of the seller.

HUD CHARGES NEW YORK CO-OP AND TWO OF ITS EMPLOYEES WITH DISCRIMINATING AGAINST TENANT...

WASHINGTON, DC - August 25, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) is charging RiverBay Corporation, a housing cooperative located in the Bronx, and two of its employees with violating the Fair Housing Act for denying a disabled man’s reasonable accommodation request. HUD brings the charge on behalf of the disabled tenant, claiming that RiverBay refused to allow the tenant to have a medically prescribed emotional support animal and that the cooperative’s security officers harassed the tenant because of the service animal.

Affordable Housing Construction Key to Jobs Growth, Economic Stimulus

WASHINGTON, D.C. - August 25, 2011 - (RealEstateRama) -- A coalition of 45 national organizations sent a letter to President Barack Obama’s domestic policy and economic teams today asking that the Administration include at least $10 billion for the National Housing Trust Fund in the President’s jobs-creation plan.

Spain cuts new property tax in half to lift Spanish real estate industry

Madrid, Spain: - August 25, 2011 - (RealEstateRama) -- The Spanish Government has cut value added tax on new property in Spain by 50 per cent with immediate effect. The reduction in VAT (Spanish - IVA) from eight per cent four per cent on new build Sp...

Realtors® Call on White House to Host Housing Summit

Washington, DC - August 25, 2011 - (RealEstateRama) -- To help develop policies that will stabilize the nation’s housing market and support an economic recovery, the National Association of Realtors® urges the White House to host a summit of policy makers, industry leaders and government stake holders focused on revitalizing the nation’s housing

Governor Bobby Jindal Announces Reappointments to the Louisiana Real Estate Appraisers Board

BATON ROUGE, LA - August 23, 2011 - (RealEstateRama) -- Today, Governor Bobby Jindal announced reappointments to the Louisiana Real Estate Appraisers Board. The Louisiana Real Estate Appraisers Board serves to regulate the issuance of real estate app...

New Energy-Efficient Apartments are the Answer to High Energy Bills for Renters: The Springs,...

MCCALL, ID - August 23, 2011 - (RealEstateRama) -- With the temperatures close to the 80s in August, it’s is easy to forget the long winters we love so much in McCall, and the high energy bills we don’t really love as much. Residents of The Spring...

New-Home Sales Virtually Unchanged in July

WASHINGTON, D.C. - August 23, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes held virtually unchanged in July with a 0.7 percent dip from the previous month to a seasonally adjusted annual rate of 298,000 units, according to newly released data from the U.S. Commerce Department."The fact that new-home sales fell by less than one percent in July is an indication of how little conditions have changed in the housing market," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "While new-home inventories are exceptionally thin, home builders are still competing with large numbers of foreclosed and distressed homes on the market and a climate of uncertainty in which consumers are reluctant to go forward with a major purchase for fear of what economic news tomorrow might bring."

S&P Downgrade Shakes Confidence in Real Estate

Destin, FL - August 23, 2011 - (RealEstateRama) -- Standard and Poor's U.S. credit downgrade seriously shakes the confidence that a recovery in the U.S. real estate market will develop, according to a new Housing Predictor poll

HUD AWARDS MORE THAN $28 MILLION IN GRANTS TO PROMOTE AFFORDABLE HOUSING AND ECONOMIC...

WASHINGTON, DC - August 23, 2011 - (RealEstateRama) --– The U.S. Department of Housing and Urban Development today awarded more than $28 million to 46 rural and tribal communities throughout the nation to address distressed housing conditions and concentrated poverty.

State Treasurer Clint Zweifel renews call for state’s housing commission to ratify funding to...

JEFFERSON CITY, MO - August 22, 2011 - (RealEstateRama) -- State Treasurer Clint Zweifel (ZWY-ful) today renewed his call for the state’s housing commission to approve using 33 percent of its housing tax credits resources, or about $122 million i...

The Ballen Group stops a Nevada Foreclosure. Another successfully closed Wachovia Short Sale in...

Las Vegas, NV - August 22, 2011 - (RealEstateRama) -- The Ballen Group, Leading short sale agents in Las Vegas at Keller Williams Realty Las Vegas, have solved another short sale problem for a Nevada Homeowner facing foreclosure.

HUD ANNOUNCES NEW STRONG CITIES, STRONG COMMUNITIES FELLOWSHIP PROGRAM

WASHINGTON, DC - August 22, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today published a notice seeking a qualified partner to help launch, and then manage, a pilot fellowship program to support the Administration’s Strong Cities, Strong Communities Initiative. Initially funded through a $2.5 million donation from the Rockefeller Foundation, HUD’s partner will select, train, and place public service-minded ‘social innovators’ to serve multi-year terms in local government positions to help stimulate economic development and employment.

FHA MULTIFAMILY LOAN VOLUME SETS NEW RECORD

WASHINGTON, DC - August 22, 2011 - (RealEstateRama) -- Never in the history of the Federal Housing Administration has there been such demand for FHA-insured financing to build, rehabilitate or refinance multifamily apartment properties. FHA today announced that it has endorsed $10.5 billion in multifamily rental housing loans since last October, with another month-and-a-half remaining in the fiscal year.

U.S. Department of the Treasury, Idaho Housing and Finance Association $13.2 Million Awarded to...

BOISE, ID - August 19, 2011 - (RealEstateRama) -- Idaho Housing and Finance Association (IHFA) announced today the approval of Idaho’s State Small Business Credit Initiative (SSBCI) application by the U.S. Department of the Treasury. The SSBCI pro...

California Housing Affordability Dips in Second Quarter, CBIA Announces

SACRAMENTO, CA - August 19, 2011 - (RealEstateRama) -- Housing affordability in California decreased in the second quarter of 2011 as 16 of the state’s 28 metropolitan areas included in the report showed declines, the California Building Industry Association announced today.

Tax Expenditures, Revenue Must Be Considered If Debt Deal is to Spare Those in...

WASHINGTON, D.C. - August 19, 2011 - (RealEstateRama) -- This is the message of 40 housing and community development organizations in a letter to the members of the Joint Select Committee on Deficit Reduction, known as the “super committee.” This Congressional committee is charged with achieving further deficit reduction as part of the debt ceiling agreement enacted in early August.