Archives

IRVINE, CA - June 17, 2011 - (RealEstateRama) -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for May 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 214,927 U.S. properties in May, a 2 percent decrease from April and a 33 percent decrease from May 2010. The report also shows one in every 605 U.S. housing units received a foreclosure filing during the month of May.

WASHINGTON, D.C. - June 16, 2011 - (RealEstateRama) -- Rising energy prices, government incentives and enhanced public image are driving energy efficiency in buildings to new heights as a growing number of building owners race to reduce energy consumption, according to the results of the fifth annual, global Energy Efficiency Indicator survey

LOS ANGELES, CA - June 16, 2011 - (RealEstateRama) -- A weak economy and tightened financing conditions contributed to a slowdown in California home sales and median price during May, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

NEW YORK, N.Y. - June 16, 2011 - (RealEstateRama) -- Mortgage rates increased this week, following a nine-week streak of declines. The benchmark conforming 30-year fixed mortgage rate is now 4.71 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.41 discount and origination points.

NEWARK, NJ - June 16, 2011 - (RealEstateRama) -- A Cape May County campground, accused of failing to tell mobile home owners it would take half the profit when their mobile home was resold, plus a 10 percent sales commission, has agreed to pay restitution to affected consumers, under terms of a settlement reached with the New Jersey Division of Consumer Affairs.

WASHINGTON, D.C. - June 16, 2011 - (RealEstateRama) -- Nationwide housing starts rose 3.5 percent to a seasonally adjusted annual pace of 560,000 units in May, according to newly released figures from the U.S. Commerce Department. The gain partially offsets a larger decline that was registered in April."While the upward movement registered in today's report is somewhat good news, housing production continues to bounce along the bottom near historic lows, and is only running at a level necessary to replace dilapidated or destroyed units," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. He also noted that "Amidst this fragile marketplace, the nation's policymakers should be aware of a recent poll that confirms the strong value that most American voters continue to place on homeownership and housing choice.

La Jolla, CA. - June 15, 2011 - (RealEstateRama) -- The Bay Area housing market in May posted modest month-to-month gains in sales and median prices, but those same measures fell sharply from year-ago levels, which had been pumped up artificially by homebuyer tax credits. Move-up buying and new-home sales were especially weak last month, while the share of sales involving distressed properties, cash buyers and investors remained far above normal, a real estate information service reported.

WASHINGTON, D.C. - June 15, 2011 - (RealEstateRama) -- Mortgage applications increased 13.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 10, 2011.

Salisbury, MD - June 15, 2011 - (RealEstateRama) -- While many real estate agents have struggled through a turbulent housing market, four year veteran Holly Campbell has risen to the challenge and continues to help local homebuyers and sellers realize their dreams.

COLUMBIA, S.C. - June 15, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its May 2011 Market Reports. For the nation as a whole, the National Association of REALTORS® reports that the homeownership rate has shifted from 69.0 percent in 2005 to 66.5 percent, so far in 2011.

Austin, TX - June 15, 2011 - (RealEstateRama) -- Today BuildFax unveiled its BuildFax Remodeling Index (BFRI) for April 2011 and it shows that the beginning of spring had many across the country remodeling and renovating their homes. Today’s report reveals continued year-over-year gains, with data demonstrating that consumers are continuing to invest in remodeling, even while the economy continues to struggle and the real-estate market continues to experience sales decreases coast to coast. In addition, the Index reveals that there were 10 percent more remodels in April 2011 compared to April 2004, the first month tracked by the Index.

WASHINGTON, DC - June 14, 2011 - (RealEstateRama) -- Fannie Mae (FNMA/OTC) announced the expansion of incentives to encourage sales of HomePath REO properties to owner occupants. Now through October 31, qualified buyers and selling agents can receive financial incentives on sales of HomePath properties, which can be found at www.homepath.com. The incentives are part of Fannie Mae's commitment to neighborhood stabilization, and are available on sales to buyers who will reside in the home as their primary residence.

WASHINGTON, D.C. - June 9, 2011 - (RealEstateRama) -- The National Association of Home Builders’ quarterly Multifamily Production Index (MPI) recorded its third consecutive quarterly increase in the first three months of 2011 indicating continuing improvement in the multifamily housing market.The MPI, which tracks multifamily housing industry sentiment about the strength of the market on a scale of 0 to 100, increased from 40.8 in the fourth quarter of 2010 to 41.7 in the first quarter of 2011.

WASHINGTON, D.C. - June 8, 2011 - (RealEstateRama) -- Delinquency rates among different commercial/multifamily mortgage investor groups were mixed in the first quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

New York, NY - June 8, 2011 - (RealEstateRama) -- SL Green Realty Corp. (NYSE: SLG) today announced that it has successfully refinanced 919 Third Avenue, which it owns in a joint venture partnership with New York State Teachers Retirement System (NYSTRS). The new 12-year, $500 million mortgage, was originated jointly by Metropolitan Life Insurance Company and Pacific Life Insurance Company.

Los Angeles, CA - June 8, 2011 - (RealEstateRama) -- A lack of suitable and available industrial properties is driving up industrial rents and spurring the return of speculative development in many prime markets, according to a new report from CB Richard Ellis Group, Inc. (CBRE).

KOKOMO, IN - June 6, 2011 - (RealEstateRama) -- RE/MAX of Indiana reported strong home sales in Kokomo the first four months of this year, despite the sharp decline experienced by the overall market. The number of homes sold by RE/MAX Realty One in Kokomo from January to April 2011 was up 25 percent over the same period the previous year

Washington, D.C. - June 6, 2011 - (RealEstateRama) -- Almost two-thirds of architects surveyed by the American Institute of Architects (AIA) last month report that they have at least one project that is stalled due to lack of financing, despite record low interest rates.

BROOKLYN, NY - June 6, 2011 - (RealEstateRama) -- The Marketing Directors, Inc. is executing one of the most successful leasing programs in today’s market at Arias Park Slope, the upscale collection of 95 rental homes located in Brooklyn’s Park Slope

SOUTH BEND — (May 25, 2011) — The Saint Joseph County housing market is showing significant improvement in one key measure over the first four months of 2011. According to the latest data compiled by RE/MAX of Indiana, average home sales prices in Saint Joseph County went up nearly 11 percent from January to April over the same period in 2010. But, that’s only part of the story.