News

WASHINGTON, D.C. - November 17, 2011 - (RealEstateRama) -- Single-family housing starts rose 3.9 percent to a seasonally adjusted annual rate of 430,000 units in October, according to newly released data from the U.S. Commerce Department. This improvement was somewhat masked by an 8.3 percent decline in multifamily starts that kept the combined number for nationwide housing production virtually flat at 628,000 units in October. Meanwhile, single-family permits also posted a measurable gain of 5.1 percent to 434,000 units in the latest report, which is their fastest pace since December of 2010.

WASHINGTON, DC - November 17, 2011 - (RealEstateRama) -- The Department of Veterans Affairs plans to enter into agreements to provide more than 1,000 additional units of permanent and transitional housing for Veterans at various sites on VA medical center campuses nationwide.

WASHINGTON, DC - November 17, 2011 - (RealEstateRama) -- Unemployment and other factors have caused many homeowners to involuntarily default on their mortgages. At the same time, falling home prices, the possibility of being underwater for many years and advice from certain influencers, or "mavens," may have encouraged others to simply stop paying, with deleterious consequences in some markets, according to a study released today by the Mortgage Bankers Association (MBA).

WASHINGTON? DC - November 17, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today issued guidance to help state and local governments streamline their HUD-funded disaster recovery programs and ease the burden of complying with federal law prohibiting so-called ‘duplication of benefits.’ HUD’s new guidanceclarifies existing rules and offers states consistent direction on this issue.

WASHINGTON, DC - November 17, 2011 - (RealEstateRama) -- Thousands more very low-income senior citizens and persons with disabilities will have access to affordable supportive housing thanks to $749 million in housing assistance announced today by the U.S. Department of Housing and Urban Development (HUD). These grants will help non-profit organizations produce accessible housing, offer rental assistance, and facilitate supportive services for the elderly and persons with disabilities.

SACRAMENTO, CA - November 16, 2011 - (RealEstateRama) -- According to a new study released today, the use of residential nexus analysis (RNA) in determining inclusionary housing percentage requirements and in-lieu fees for both residential and commerci...

Washington (DC) - November 16, 2011 - (RealEstateRama) -- Yesterday, the House Financial Services Committee approved an amendment sponsored by Congressman Al Green (TX-09) that would target executive compensation abuses at Fannie Mae and Freddie Mac ...

Washington DC - November 16, 2011 - (RealEstateRama) -- This week Congress is expected to pass legislation championed by Congressman Brad Sherman (D-CA) to extend higher housing loan limits as part of a bill that will fund several agencies through 20...

LOS ANGELES, CA - November 16, 2011 - (RealEstateRama) -- California home sales posted a marginal increase in October and also were above year-ago levels, according to figures released today from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

Atlanta, GA - November 16, 2011 - (RealEstateRama) -- With nighttime lows beginning to drop below freezing, Insurance and Safety Fire Commissioner Ralph T. Hudgens wants to remind Georgians of some heating tips to help keep their homes safe this winter...

BOISE, ID - November 16, 2011 - (RealEstateRama) -- Idaho Housing and Finance Association (IHFA) will honor 75 Ada County REALTORS® during a REALTOR® Appreciation Luncheon noon to 1:30 p.m. tomorrow, Wednesday, Nov. 16, at the Barber Park Event Cente...

Washington, D.C. - November 16, 2011 - (RealEstateRama) -- Today Rep. Gary Peters announced a loan of over $10 million from Section 202 development funds to provide affordable housing for low income seniors in Pontiac. This loan will be made to CSI Sup...

WASHINGTON, D.C. - November 16, 2011 - (RealEstateRama) -- The U.S. Department of Energy (DOE) yesterday recognized the launch of the Huntsville WISE Gold Program, one of DOE's Better Buildings Neighborhood projects, at a Home Energy "Block Party" in H...

Torrance, CA - November 16, 2011 - (RealEstateRama) -- Lee & Associates, the nation’s largest broker owned commercial brokerage firm, has closed on the $7.3 million sale of a 14,820-square-foot retail property leased by Walgreens, located at 899...

November 16, 2011 - (RealEstateRama) -- Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, issued the following statement today after an independent audit of the Federal H...

Washington, D.C. - November 16, 2011 - (RealEstateRama) -- U.S. Congressman Mike McIntyre announced today that he has helped restore recently reduced home loan limits for the Federal Housing Administration.

WASHINGTON, D.C. - November 16, 2011 - (RealEstateRama) -- The Federal Trade Commission has obtained a settlement against the remaining defendants in an allegedly fraudulent mortgage modification scheme that will permanently ban them from the mortgage assistance business and force them to return ill-gotten gains to consumers.

New York, NY - November 16, 2011 - (RealEstateRama) -- The New York City Housing Authority joined with Laborers’ Local 79 of the Mason Tenders District Council (MTDC) of Greater New York to celebrate the addition of more than 200 NYCHA residents into...

WASHINGTON, D.C. - November 16, 2011 - (RealEstateRama) -- Mortgage applications decreased 10.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 11, 2011. This week’s results include an adjustment to account for the Veterans Day holiday.

WASHINGTON, D.C. - November 16, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes rose by three points to 20 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for November, released today. The gain builds on a revised three-point increase in October, and brings the confidence gauge to its highest level since May of 2010.