Archives

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.

SOUTH BEND, IN - June 6, 2011 - (RealEstateRama) -- 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.

MORRISTOWN, N.J - June 2, 2011 - (RealEstateRama) -- 40 Park’s brand new, fully-furnished Penthouse model is now open. The spectacular new Penthouse features sensational views from a magnificent terrace that is ideal for entertaining.

WASHINGTON, D.C. - June 2, 2011 - (RealEstateRama) -- Kenneth W. Edwards, Policy Counsel for the Center for Responsible Lending, presented the following remarks at a press briefing held to discuss the impact of the proposed Qualified Residential Mortgage (QRM) rule on consumers. Other groups participating in the conference were the Mortgage Bankers Association, Consumer Federation of America, the National Community Reinvestment Coalition, and the National Housing Conference

WASHINGTON, D.C. - June 2, 2011 - (RealEstateRama) -- Construction spending inched up for the second straight month in April, 0.4 percent – following downward revisions to the March spending figures – thanks to increases in private nonresidential and home-improvement spending, the Associated General Contractors of America reported today in an analysis of new Census Bureau data. Association officials noted, however, that the gains were tempered by sluggish homebuilding and declining levels of public investment in construction

EAST RUTHERFORD, N.J. - May 27, 2011 - (RealEstateRama) -- Cushman & Wakefield’s first quarter statistics for the U.S. industrial market show leasing activity in New Jersey increased in the first three months of 2011, as the U.S. market continued towards recovery.

WASHINGTON, DC - May 27, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today announced the final Fiscal Year 2011 block grant allocations to approximately 1,200 state and local governments under the Community Development Block Grants (CDBG), HOME Investment Partnerships (HOME), Housing Opportunities for Persons with AIDS (HOPWA), and the Emergency Shelter Grant Program (ESG). Read more about how HUD’s block grant programs will be allocated at the state and local level.

Washington, DC - May 27, 2011 - (RealEstateRama) -- Pending home sales fell in April with regional variations following increases in February and March, with unusual weather and economic softness adding to ongoing problems that are hobbling a recovery, according to the National Association of Realtors®.

WASHINGTON, D.C. - May 26, 2011 - (RealEstateRama) -- The U.S. Census Bureau announced today that among those who moved between 2009 and 2010, more than four out of 10 (16.4 million or 43.7 percent) did so for housing-related reasons, such as the desire to live in a new or better home or apartment, according to data from Geographical Mobility: 2010. Among other reasons for moving, people cited family concerns (30.3 percent), such as a change in marital status, employment needs (16.4 percent) and other factors (9.5 percent).

DENVER, CO - May 26, 2011 - (RealEstateRama) -- Despite the worst housing market in recent history, two respected national surveys show RE/MAX agents continue to outperform their competitors, selling more homes, assisting more families, and leading all other national real estate companies in sales performance

NEW YORK, N.Y. - May 26, 2011 - (RealEstateRama) -- Mortgage rates dropped again, with the benchmark conforming 30-year fixed mortgage rate falling to 4.77 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.4 discount and origination points.

SACRAMENTO, CA - May 26, 2011 - (RealEstateRama) -- Total housing starts in California, as measured by the number of building permits issued, rose 2 percent in April, the California Building Industry Association announced today.