Sunday, January 29, 2023

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Support Ukrainian Refugees

GFP Real Estate and Its Tenants Raise More Than $200,000 to Support Ukrainian Refugees

National
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.

Atlanta REALTORS® Releases December 2022 Statistics on Housing Market

National
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its December 2022 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties
ASE

The Alliance To Save Energy And Partners Release The 2023 Energy Efficiency Impact Report

National
The Alliance to Save Energy is proud to announce the recent release of the Energy Efficiency Impact Report, a new and
NAR

Pending Home Sales Slid 4.0% in November

National
Pending home sales slid for the sixth consecutive month in November, according to the National Association of REALTORS®. All four U.S. regions recorded month-over-month decreases, and all four regions saw year-over-year declines in transactions.
MBA

Total Commercial and Multifamily Borrowing and Lending Expected to Fall to $700 Billion in...

National
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $700 billion this year, which is a 5 percent decline from an expected 2022 total of $740 billion.
NAR

Pending Home Sales Declined 4.6% in October

National
Pending home sales slid for the fifth consecutive month in October, according to the National Association of REALTORS®. Three of four U.S. regions recorded month-over-month decreases, and all four regions recorded year-over-year declines
NAHB

Multifamily Developer Confidence Declines Significantly in the Third Quarter

National
While new home sales received a slight bounce in November from moderating mortgage rates, the housing market continues to struggle because of ongoing supply chain disruptions, elevated construction costs and challenging affordability conditions.

Only 25 percent of Kansas Homeowner Assistance Funds remain

National
The Kansas Homeowner Assistance Fund (KHAF), a federally funded, temporary emergency program to support homeowners experiencing hardship during the COVID pandemic, has dispersed 75 percent of program funds. Since the program launched in April 2022, KHAF has provided $34,946,068 to 3,151 households.
MBA

Commercial and Multifamily Mortgage Delinquency Rates Remain Low in Third Quarter 2022

National
Commercial and multifamily mortgage delinquencies remained low in the third quarter of 2022, according to the Mortgage
NAHB

Single-Family Housing Contraction Continues in October

National
Elevated mortgage rates, high construction costs for concrete and other building materials and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production.

Senior Home Equity Exceeds Record $11.58 Trillion

National
Homeowners 62 and older saw their housing wealth grow by 4.10 percent or $456 billion in the second quarter to a record $11.58 trillion from Q1 2022, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
NAR

Existing-Home Sales Slumped 5.9% in October

National
Existing-home sales retreated for the ninth straight month in October, according to the National Association of REALTORS®. All four major U.S. regions registered month-over-month and year-over-year declines.
MBA

Mortgage Application Payments Rise 3.7 Percent to $2,012 in October

National
Homebuyer affordability continued its downward trajectory in October, as the national median payment applied for by applicants increased 3.7 percent to $2,012 from $1,941 in September
NHC

Without increased supply, housing costs will continue to be unacceptably high

National
Report on the Consumer Price Index (CPI) makes clear that rising housing costs continue to fuel inflation. While increased interest rates are reducing demand, they are also crushing housing
MBA

Commercial/Multifamily Borrowing Declines 13 Percent in Third-Quarter 2022

National
Commercial and multifamily mortgage loan originations decreased 13 percent in the third quarter of 2022 compared to the same period last year, according to the Mortgage Bankers Association’s

Sustainability Solutions for HOAs: Solar and EV Charging

National
Now more than ever, home owners and buyers are pursuing sustainable efforts within their home. As more HOA residents look to install rooftop solar, or add EV charging in condos and townhomes, many HOA covenants need updating. The Atlanta REALTORS® Association invites residents, HOA board members, management companies
NAHB

New Home Sales Fall Back in September as Interest Rates Jump Higher

National
Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September.

Freddie Mac Announces Underwriting Innovation to Help Lenders Qualify More Borrowers for a Mortgage

National
Freddie Mac (OTCQB: FMCC) will increase homeownership opportunities by including a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity as part of its technology’s loan purchase eligibility assessments, the company announced today.
MBA

Mortgage Credit Availability Decreased in September

National
Mortgage credit availability decreased in September according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE

GCAAR housing stats | August ‘22

National
The median sold price for residential properties in the region for August was $599,000, representing an increase of 0.8% compared to last month and an increase of 2.6% from August 2021. The average days on market for units sold in August was 22 days, 16% below the 5-year August average of 26 days

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

Words From Community Leaders: Rep. Sherrill’s 2023 Community Projects Federally Funded...

Representative Mikie Sherrill (NJ-11) secured funding for fourteen Community Projects she submitted on behalf of NJ-11 in the House Appropriations Committee Fiscal Year 2023 bill, which was signed into law in December.