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OBAMA ADMINISTRATION RELEASES NOVEMBER HOUSING SCORECARD

WASHINGTON, DC - November 22, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the November edition of the Obama Administration’s Housing Scorecard (www.hud.gov/scorecard). The latest housing figures show continued signs of stabilization in house prices and high home affordability due in part to record low mortgage interest rates. The housing scorecard is a comprehensive report on the nation’s housing market.

VICE PRESIDENT BIDEN ANNOUNCES NEW INITIATIVES TO HELP HOMEOWNERS, VETERANS, AND WORKERS ACCESS LEGAL...

WASHINGTON, DC - November 22, 2010 - (RealEstateRama) -- At a Middle Class Task Force event today, co-hosted by the Department of Justice’s Access to Justice Initiative, Vice President Biden announced a series of steps designed to help middle class and low-income families secure their legal rights. These actions include strengthening foreclosure mediation programs, helping veterans secure the legal help they need, and making it easier for workers to find a qualified attorney when they believe their rights have been violated.

Four Outstanding Developments Receive Jack Kemp Workforce Housing 2010 Models of Excellence Award from...

WASHINGTON, DC - November 19, 2010 - (RealEstateRama) -- Exemplary achievements in the development of workforce housing are being celebrated tonight by the Urban Land Institute (ULI) Terwilliger Center for Workforce Housing. Four developments --33Comm in Chestnut Hill, Mass.; Capitol Quarter: Phase 1 in Washington, D.C.; Fire Clay Lofts in Denver; and Miller’s Court in Baltimore have been selected as the winners of the ULI Terwilliger Center’s Jack Kemp Workforce Housing Models of Excellence Awards.

Multi-housing social media expert promoted to director of marketing

NORFOLK, VA - November 19, 2010 - (RealEstateRama) -- Erica Campbell, former senior manager of new media marketing for For Rent Media Solutions, a leading resource for searching apartments nationwide and a division of Dominion Enterprises, has been promoted to director of marketing. As director of marketing, Campbell will oversee business to consumer marketing initiatives for For Rent Media Solutions and its sister site

Maximum Conforming Loan Limits to Remain Unchanged in the First Nine Months of 2011

Washington, DC - November 19, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has announced that, under terms set forth in a recently-enacted Congressional continuing resolution (Public Law Number 111-242), the maximum conforming loan limits for mortgages originated in the first nine months of 2011 will remain unchanged from existing loan limits for 2010 originations. Those limits are generally $417,000 but can be as much as $729,750 in certain high cost areas in the contiguous United States. The maximum loan limits for counties across the United States can be found here (130 pages)

FEMA Experts Offer Mitigation Tips to Make Properties Water Resistant

ST. THOMAS, USVI - November 19, 2010 - (RealEstateRama) -- As many Virgin Islanders were affected by recent floods caused by heavy rainfall, officials from the Federal Emergency Management Agency (FEMA) urge citizens to take steps to lessen damages in future flooding events

RE/MAX COMMERCIAL FURTHERS GREEN INVESTMENT

RE/MAX Commercial Forges Strategic Alliance with GreenPoint Partners to Deliver Sustainability Solutions for Commercial Real Estate. Denver, CO - November 19, 2010 - (RealEstateRama) -- RE/MAX Commercial® has joined the GreenPoint Network, an alliance for real estate firms dedicated to helping clients achieve profitable sustainability.

NeighborWorks to Launch Five New E-Learning Courses in 2011

WASHINGTON, D.C. - November 19, 2010 - (RealEstateRama) -- Today NeighborWorks America, the nation’s leading trainer of community development professionals, announced that it intends to add five new e-learning courses to its roster of courses offered through the NeighborWorks online learning center in 2011.

OBAMA ADMINISTRATION RELEASES NOVEMBER HOUSING SCORECARD

WASHINGTON, DC - November 19, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the November edition of the Obama Administration’s Housing Scorecard (www.hud.gov/scorecard). The latest housing figures show continued signs of stabilization in house prices and high home affordability due in part to record low mortgage interest rates. The housing scorecard is a comprehensive report on the nation’s housing market

CB RICHARD ELLIS PROMOTES MARK FEWIN TO GLOBAL LEADER OF PROJECT MANAGEMENT SERVICES

Los Angeles, CA - November 18, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced that Mark Fewin has been promoted to Executive Managing Director and Global Leader of Project Management Services, effective January 1, 2011. Mr. Fewin succeeds Ken Loeber, who was named to Global Leader of Business Development for CBRE’s Global Corporate Services business line

BUILDING PERFORMANCE AND OCCUPIER SATISFACTION EXPECTED TO PRODUCE IMPROVED RETURN ON GREEN BUILDING INVESTMENTS

Chicago, IL - November 18, 2010 - (RealEstateRama) -- Sustainable buildings are expected to generate stronger investment returns than traditionally managed properties, according to an ongoing study of a national office portfolio managed by CB Richard Ellis. The study found that owners of sustainably managed buildings anticipate a 4% higher return on investment than do owners of traditionally managed buildings, as well as 5% [more] increase in building value. Roughly 79% of owners surveyed believe that sustainable properties perform well in attracting and retaining tenants, yielding a 5% increase in building occupancy and 1% increase in rental income.

Housing Remains Highly Affordable For Seventh Consecutive Quarter

WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- Housing affordability remained near its highest level nationwide for the seventh consecutive quarter as interest rates dipped below 5 percent for the first time since the series was first compiled nearly two decades ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) released today.The HOI indicated that 72.1 percent of all new and existing homes sold in the third quarter of 2010 were affordable to families earning the national median income of $64,400. The index for the third quarter almost equaled the record-high 72.5 percent set during the first quarter of 2009 and marked the seventh consecutive quarter that the index rose above 70 percent. Until 2009, the HOI rarely topped 65 percent and never reached 70 percent.

Retired Gen. Colin Powell Opens up USGBC’s Greenbuild 2010 International Conference & Expo

CHICAGO, IL - November 18, 2010 - (RealEstateRama) -- The U.S. Green Building Council’s (USGBC) Greenbuild International Conference & Expo officially started this morning in Chicago as retired Gen. Colin Powell addressed a crowd of 10,000 in the opening keynote hall with a message of leadership and optimism for the future. Powell presented the Greenbuild 2010 opening keynote address at a plenary session that also included a discussion between political pundits Mary Matalin and James Carville and remarks from USGBC President, CEO and Founding Chair Rick Fedrizzi.

Big Deficit of New Single-Family Homes Will Need to Be Addressed as Economy Improves

WASHINGTON, D.C. - November 18, 2010 - (RealEstateRama) -- Annual single-family housing production in 2008 and 2009 fell about one million units short of the housing that would be needed in a normally functioning economy, suggesting that builders will have a lot of catching up to do as the economy improves and household formations return to trend levels, according to a special study by economists at the National Association of Home Builders.The report, "Extent of Underbuilding in the Single-Family Housing Market," finds that there was an excessive amount of single-family building from 2003 through 2005, but overbuilding largely ended by 2006 and the subsequent downturn was severe enough to more than offset those annual surpluses. This year is likely to add to the growing deficit of single-family homes by another one million units, the report finds.

Energy Star Building Registry Now Available On Mobile Phone Application Offered Through the Urban...

CHICAGO, IL - November 17, 2010 - (RealEstateRama) -- A national listing of energy efficient commercial buildings in the United States that are included in the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR program is now available on a new mobile phone application offered by LessEn, an Urban Land Institute (ULI) initiative to help lessen energy consumption in commercial buildings around the globe

New International Alliance Issues a ‘Call for Partners’ to Advance Global Leadership in Our...

Chicago, IL - November 17, 2010 - (RealEstateRama) -- A broad and diverse coalition of over 30 organizations active in countries around the world announced a Call for Partners today for an international alliance advocating for sustainable building practices as a key strategy for combating climate change

USGBC Announces “LEED Automation” to Streamline and Create Capacity for LEED Green Building Projects

Chicago, IL - November 17, 2010 - (RealEstateRama) -- The U.S. Green Building Council (USGBC), developers of the LEED green building program today announced LEED Automation, a new program in collaboration with leading technology companies that is designed to streamline and create capacity for the LEED building certification process. LEED Automation enables LEED Online, the online tool projects use to submit documentation and certify LEED projects, to interact with third party technology platforms.

Housing Starts Decline in October

WASHINGTON, D.C. - November 17, 2010 - (RealEstateRama) -- Nationwide housing starts declined 11.7 percent to a seasonally adjusted annual rate of 519,000 units in October, according to figures released by the U.S. Commerce Department today. The decline was primarily registered in the more volatile multifamily sector, where starts retreated 43.5 percent to an 83,000-unit rate, while single-family starts posted a more modest 1.1 percent decline to 436,000 units."Home builders continue to be very cautious about starting new projects at this time," said Bob Jones, chairman of the National Association of Home Builders (NAHB) and a home builder from Bloomfield Hills, Mich. "That said, in markets where consumer demand for new homes is reviving, builders are finding it almost impossible to obtain construction financing, and this frustrating situation is producing an unnecessary drag on both new home production and economic growth."

U.S. Green Building Council Chapters and Leaders Receive Awards of Excellence

Washington D.C. - November 17, 2010 - (RealEstateRama) -- The U.S. Green Building Council (USGBC) proudly recognized outstanding chapters and exceptional volunteer leaders with the annual Awards of Excellence. Awarded in Chicago at USGBC’s Greenbuild International Conference & Expo, the awards are presented to chapters and individuals that excel in providing local green building outreach and education, and in fostering best practices among the green building community. The chapter award categories are Community Building and Education, and award categories for chapter leaders include: Green Building Community Champion; Premier Volunteer Programmer; Outstanding Emerging Professional; and Outstanding Green Advocate. Since the inception of the program, the awards have been supported by USGBC national member Milliken & Company.

NAR Praises FHA’s Increased Stability

Washington, DC - November 17, 2010 - (RealEstateRama) -- The latest independent audit of the Federal Housing Administration shows the agency’s financial condition has improved from last year, when it announced its capital reserve fund had fallen below the 2 percent level mandated by Congress. The annual audit shows that the capital ratio for the single-family portfolio rose from 0.42 percent to 0.79 percent over the past year.

Business Real Estate Press Releases

Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to...

GFP Real Estate is pleased to announce that its "Support Ukraine in Crisis" campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

Recent Gov & Nonprofit Real Estate Press Releases

The Do's and Don'ts of First-Time Homeownership

The Do’s and Don’ts of First-Time Homeownership

Buying a home is an exciting but often overwhelming experience, especially for first-timers. It’s a nuanced process that involves navigating through many important decisions, paperwork, and