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California Housing Production Falls in July, CBIA Announces

SACRAMENTO, CA - August 29, 2011 - (RealEstateRama) -- California housing production fell sharply in July and posted the lowest monthly permit total since January of 2009, the California Building Industry Association announced today.

Short Sales Soar in Second Quarter

IRVINE, CA - August 25, 2011 - (RealEstateRama) -- RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure homes, today released its Q2 2011 U.S. Foreclosure Sales Report™, which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 31 percent of all U.S. residential sales in the second quarter of 2011, down from nearly 36 percent of all sales in the first quarter but up from 24 percent of all sales in the second quarter of 2010.

GPE Commercial Advisors July 2011 Deal Summary

Scottsdale, AZ - August 25, 2011 - (RealEstateRama) -- In July 2011, GPE Commercial Advisors reported closing five purchase transactions for $4.2M (51,850 square feet plus a 38.16 acre land sale), 12 lease transactions for $1.8M (37,136 square feet). C...

CUSHMAN & WAKEFIELD BROKERS 111,000-SQ.-FT. INDUSTRIAL LEASE

ELIZABETHTOWN, PA - August 22, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has brokered a long-term, 111,000-square-foot industrial lease to MWI Veterinary Supply, Inc. at 1499 Zeager Road in Elizabetht...

Delinquencies Rise, Foreclosures Fall in Latest MBA Mortgage Delinquency Survey

WASHINGTON, D.C. - August 22, 2011 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.44 percent of all loans outstanding as of the end of the second quarter of 2011, an increase of 12 basis points from the first quarter of 2011, and a decrease of 141 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 32 basis points to 8.11 percent this quarter from 7.79 percent last quarter.

Las Vegas Myers Team Announces 4.95% Non-Short Sale Listing Services

LAS VEGAS, NV - August 22, 2011 - (RealEstateRama) -- In today’s economy, every penny counts. The Myers Team with the Caliber Realty Group recognizes that there are many homeowners in Las Vegas who still have equity and do NOT need to do a short sale. While real estate commissions are negotiable, the fact remains that most real estate companies still charge a 6% commission to sell your home, even though Las Vegas home values have depreciated by 50% or more. Additionally, many Brokers feel it is acceptable to charge a “transaction fee” on top of the commission (a.k.a. document fees, storage fees, compliance fees, etc.) and these fees can range anywhere from $400.00 – $700.00. Why pay top dollar to sell your home when you can get BETTER SERVICE, BETTER MARKETING and BETTER RESULTS for less?

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.

NYU FURMAN CENTER QUARTERLY HOUSING REPORT REVEALS HOME SALES ARE SLOW, BUT PRICES HOLDING...

August 18, 2011 - (RealEstateRama) -- According to the New York City Quarterly Housing Update (Q2 2011) released by NYU’s Furman Center for Real Estate and Urban Policy, home sales volume declined 20 percent from the first to the second quarter of 2011, and is down 40 percent compared to March through June of 2010.

Housing Affordability Hovers Near Record Level as Some Markets Begin to Stabilize

WASHINGTON, D.C. - August 18, 2011 - (RealEstateRama) -- Nationwide housing affordability during the second quarter of 2011 hovered for the 10th consecutive quarter near its highest level in the more than 20 years it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data released today

Serious mortgage delinquency rates stabilize in U.S. metro areas, but share of loans in...

WASHINGTON, DC - August 17, 2011 - (RealEstateRama) -- Serious delinquency rates for mortgages continue to stabilize across the largest 100 U.S. metropolitan areas, though they remain at historically high levels according to the latest data from Foreclosure-Response.org. Serious delinquency, defined as the share of loans in foreclosure plus the share of loans delinquent 90 or more days, fell 10% from the peak in December 2009 through March 2011. The 90+-day delinquency component of the figure fell from 5.5% of the mortgage market to 3.9% over the same period. However, the share of homes in foreclosure continues to rise, increasing 12% in that period.

Refinance Applications Increase in Latest MBA Weekly Survey

WASHINGTON, D.C. - August 17, 2011 - (RealEstateRama) -- Mortgage applications increased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 12, 2011.

Housing Starts Down Slightly in July

WASHINGTON, D.C. - August 16, 2011 - (RealEstateRama) -- Nationwide housing starts edged down 1.5 percent to a seasonally adjusted annual rate of 604,000 units in July, according to figures released by the U.S. Commerce Department today. The slight decline comes on the heels of significant gains in housing production in June, and was attributable to a moderate drop-off on the single-family side while production of multifamily units continued upward.

Enrollment Surge in Michigan’s Hardest Hit Fund Helps Reduce Foreclosures

Lansing, MI - August 15, 2011 - (RealEstateRama) -- The Michigan State Housing Development Authority announced today it has received nearly 9,000 applications for foreclosure prevention assistance during the past five months since the launch of a ne...

July sales and price report

LOS ANGELES, CA - August 15, 2011 - (RealEstateRama) -- California home sales fell in July but were up from the previous year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

C.A.R. Q2 Housing Affodability Index

LOS ANGELES, CA - August 11, 2011 - (RealEstateRama) -- Housing affordability fell throughout most areas of the state in the second quarter of 2011, primarily due to a seasonal increase in home prices, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

Foreclosure Activity Falls to 44-Month Low in July

IRVINE, CA - August 11, 2011 - (RealEstateRama) -- RealtyTrac® (http://www.realtytrac.com/gateway_co.asp?accnt=137300), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for July 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 212,764 U.S. properties in July, a 4 percent decrease from June and a 35 percent decrease from July 2010. The report also shows one in every 611 U.S. housing units with a foreclosure filing during the month of July.

55+ Builders More Optimistic About Multifamily Rentals than New Home Sales

WASHINGTON, D.C. - August 11, 2011 - (RealEstateRama) -- Builders in the 55+ housing market are significantly more optimistic about production and demand for multifamily rental units than they are for sales of single-family homes or multifamily condos, according to the latest 55+ Housing Market Indices that are compiled quarterly by the National Association of Home Builders (NAHB).All of the components measuring production and demand for 55+ multifamily rental units increased significantly in the second quarter of 2011 compared to the same period a year ago.

Top Tips for New Landlords

New York, NY - August 10, 2011 - (RealEstateRama) -- Building a strong relationship with a new tenant and protecting your real estate investment is of paramount importance when crafting a lease agreement. There are a multitude of considerations at this juncture that are essential to understand. Brian Davis, Vice President of EzlandlordForms.com, is a seasoned landlord and top expert on landlord-tenant relationships. Here he offers his top tips for new landlords as a helpful tool for navigating lease creation and the ongoing considerations of managing a rental property.

Florida’s Existing Home, Condo Sales Up in 2Q 2011

ORLANDO, FL - August 10, 2011 - (RealEstateRama) -- Florida’s existing condo sales rose 8 percent in June with a total of 7,922 units sold statewide compared to 7,330 sold in June 2010, according to the latest housing data released by Florida Realtors®. The statewide existing condo median sales price last month was $94,100; a year earlier, it was $92,300 for a 2 percent increase. The national median existing condo sales price was $165,400 in May 2011, according to the National Association of Realtors® (NAR).Statewide home and condo sales in the second quarter also increased over 1Q 2011’s sales figures, Florida Realtors’ records show. For 2Q 2011, statewide sales of existing homes rose 17.7 percent over the previous quarter’s activity; statewide existing condo sales increased 8.1 percent over the 1Q 2011 level.

Mortgage Applications Increase Significantly, Driven by Surge in Refinance Activity

WASHINGTON, D.C. - August 10, 2011 - (RealEstateRama) -- Mortgage applications increased 21.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 5, 2011.

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

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.