Saturday, July 13, 2024
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Census Bureau Tip Sheet: Home Equity Lines of Credit – Who Uses This Source...

Home Equity Lines of Credit --- Who Uses This Source of Credit? -- This report profiles single-family homeowners who used home equity lines of credit in 2001 and compares them to their counterparts from 10 years earlier, including age, home value, mortgage, age of home, number of loans for home improvements and proportion of people using home equity for debt consolidation.

Justice Department Files Fair Housing Lawsuit Against Spokane, Washington, Developers, Architects, and Engineers

WASHINGTON, Sept. 25 /PRNewswire-USNewswire/ -- The Justice Department today sued the developers, architects, and professional engineers responsible for building five apartment complexes in Spokane County, Wash., alleging that they designed and built the complexes in violation of the Fair Housing Act by failing to make the complexes accessible to wheelchair users and other persons with physical disabilities.

Natural Disaster Legislation Would Help Property Owners

WASHINGTON, Sept. 26 /PRNewswire-USNewswire/ -- The National Association of Realtors(R) supports the Homeowners' Defense Act of 2007, H.R. 3555, because it would help protect homeowners, commercial property owners, and potential property owners by ensuring the availability of adequate and affordable insurance, which NAR views as an important consumer issue.

August Existing-Home Sales Fall on Temporary Mortgage Problems

WASHINGTON, Sept. 25 /PRNewswire-USNewswire/ -- Existing-home sales fell in August when mortgage availability problems were peaking, according to the National Association of Realtors(R)

National Community Reinvestment Coalition Files Discrimination Complaint Against Wall Street Securitizer and Subsidiary Mortgage...

WASHINGTON, Sept. 24 /PRNewswire-USNewswire/ -- The National Community Reinvestment Coalition (NCRC) has filed a civil rights complaint against Morgan Stanley, Morgan Stanley Mortgage Capital Holdings, LLC., Saxon Mortgage, Inc., Saxon Asset Securities Company and Saxon Capital, Inc., (collectively, "Morgan Stanley") to the United States Department of Housing & Urban Development and the United States Securities & Exchange Commission.

Solid Fundamentals Support Commercial Real Estate

WASHINGTON, Sept. 18 /PRNewswire-USNewswire/ -- Most commercial real estate markets are enjoying relatively low vacancy rates and healthy rent growth from a fundamentally sound economy, according to the latest COMMERCIAL REAL ESTATE OUTLOOK of the National Association of Realtors(R).

Despite Labor and Pricing Pressures, Turner Forecasts Continued Increase in Construction Costs

New York, N.Y. - September 17, 2007 - Turner Construction Company, the nation’s leading general builder, today published its quarterly Turner Building Cost Index forecasting that construction costs in the US building industry are continuing to increase in the Third Quarter

Despite Mortgage Woes, Subprimes Serve Purpose

COLLEGE STATION, TX – High-risk home mortgages are facing national scrutiny thanks to the recent rise in subprime foreclosures, but a noted research economist with the Real Estate Center at Texas A&M University is coming to their defense.

NAHREP Members Overwhelmingly Favor FHA Reforms

WASHINGTON, Sept. 14 /PRNewswire-USNewswire/ -- Hispanic Real Estate Professionals overwhelmingly favor Federal Housing Administration reforms and believe Hispanic homebuyers and those with adjustable-rate subprime loans could be better served if proposed changes to FHA programs are quickly adopted by Congress, according to a survey released today by the National Association of Hispanic Real Estate Professionals (NAHREP).

Mortgage Problems to Dampen Home Sales in the Short Term

WASHINGTON, Sept. 11 /PRNewswire-USNewswire/ -- Tighter credit for home mortgages will measurably dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008, according to the latest forecast by the National Association of Realtors(R).

New Foreclosures Up in 47 States

WASHINGTON, Sept. 6 /PRNewswire-USNewswire/ -- The 2nd Quarter National Delinquency Survey, released today by the Mortgage Bankers Association (MBA), shows that mortgage loans entering foreclosure have increased in 47 states since this time last year. On average, the increases were 50% higher. Only four states -- North Dakota, South Dakota, Utah and Wyoming -- did not experience increases in new foreclosures. Less than two percent of the American population lives in those states.

U.S. HOUSE PRICES SLOW

WASHINGTON, DC – U.S. home prices increased only slightly in the second quarter of 2007 according to the OFHEO House Price Index (HPI). The HPI, which is based on data from sales and refinance transactions, was 0.1 percent higher in the second quarter than in the first quarter of 2007. This is below the revised growth rate of 0.6 percent for the previous quarter and the lowest since the fourth quarter of 1994. Prices in the second quarter of 2007 were 3.2 percent higher than they were in the same quarter of 2006, the lowest annual price change since the 1996-97 period.

APA Begins Work on American National Standard for SIPs

Gig Harbor, WA - July 30, 2007 - APA–The Engineered Wood Association received accreditation as a standards developer from the American National Standards Institute in May of 2007. The American National Standards Institute (ANSI) coordinates the development and use of voluntary consensus standards in the United States, and represents the needs and views of U.S. stakeholders in standardization forums around the globe.

U.S. National


NAREB’S MESSAGE TO BLACK CONSUMERS IN THE WAKE OF MAJOR PROCEDURAL CHANGES LOOMING IN...

National
In the near future, the home buying process will undergo significant change, particularly in the dynamics between homebuyers, sellers, and the real estate agents facilitating the transactions. These changes, stemming from a potential court case settlement, will redefine how home sellers compensate agents for the buyers of their home.

NEW YORK DEPARTMENT OF STATE RELEASES DRAFT ELIGIBILITY GUIDELINES FOR TWO PROGRAMS TO SUPPORT...

National
The New York State Department of State today released proposed eligibility guidelines for the allocation of funding for two DOS programs that will implement coastal resilience projects under the historic $4.2 billion Clean Water, Clean Air and Green Jobs Environmental Bond Act of 2022 (Bond Act).

Governor Healey announces $6.7 million in state funding to build mixed income apartments on...

National
Spring Rock Village, a largely affordable housing development to be built by nonprofits Preservation of Affordable Housing and Housing Assistance, will receive $6.7 million in state funding according to an announcement by Governor Maura Healey and Housing and Livable Communities (EOHLC) Secretary Ed Augustus on June 20.
FEMA

FEMA and HUD Partnership Enhances State Planning for Housing Recovery, Builds Resilience

National
FEMA in partnership with the U.S. Department of Urban Housing and Development (HUD), published the Pre-Disaster Housing Planning Initiative Report to promote collaborative approaches to

Developers Adapt to Changing Trends in Thailand’s 2024 Real Estate Market

National
The Thailand real estate market is poised for a mixed performance in 2024, with both challenges and opportunities on the horizon. According to industry experts, including Storm Real Estate, a premium real estate agency in Phuket, the first two quarters of 2024 were relatively muted in terms of activity
Congresswoman Eleanor Holmes Norton

NORTON HIGHLIGHTS D.C. PROVISIONS IN WRDA AFTER TRANSPORTATION & INFRASTRUCTURE COMMITTEE MARKUP

National
Congresswoman Eleanor Holmes Norton (D-DC) announced victories for D.C. included in the House version of the Water
NAR

NAR Offers Support for New Biden Housing Plan

National
The U.S. Department of the Treasury announced new steps Monday to address housing affordability. The plan mirrors many policies also advocated by NAR to help lower housing costs and increase housing supply.
Congresswoman Rosa DeLauro

DeLauro Statement on Supreme Court Decision to Criminalize Homelessness

National
Congresswoman Rosa DeLauro (CT-03) released a statement in response to the Supreme Court’s ruling on Johnson v. Grants Pass, a decision that effectively criminalizes homelessness.
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.

Whitehouse Opening Statement at Hearing on Insurance Upheaval from Climate Change

National
“Climate risk makes things uninsurable. No insurance makes things unmortgageable. No mortgages crashes the property markets. Crashed property markets trash the economy.”
NAHB

Higher Rates Continue to Sideline Home Buyers

National
Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month. Sales of newly built, single-family homes in May fell 11.3% to a 619,000 seasonally adjusted annual
NHC

National Housing Conference strengthens Board with new leaders, sustains diversity and expertise

National
The National Housing Conference (NHC) Board of Governors is pleased to announce its Executive Committee, including new
MBA

Higher Rates Continue to Sideline Home Buyers

National
Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month. Sales of newly built, single-family homes in May fell 11.3% to a 619,000 seasonally adjusted annual
Key Trends Influencing the Future of Residential Construction

Key Trends Influencing the Future of Residential Construction

National
The residential construction industry is evolving rapidly, driven by various factors such as technological advancements and demographic shifts. Understanding these trends is crucial for
AGC

PROPOSED NEW FEDERAL HEAT RULE PRIMARILY MANDATES SAFETY MEASURES THAT THE CONSTRUCTION INDUSTRY ALREADY...

National
Construction Association Officials Note that New Proposal, However, Fails to Address Regional Weather Variations, Should

Enhancing Construction Efficiency: Strategies and Best Practices

National
The construction industry, pivotal to economic growth, faces significant challenges, including the need for enhanced efficiency to complete projects on time, within budget, and with high quality. This article delves into strategies and best practices to improve construction efficiency by addressing common issues such as poor planning, inadequate communication, and inefficient processes.
EPA

EPA awards Massachusetts $254,000 to support water quality monitoring at beaches

National
The U.S. Environmental Protection Agency (EPA) celebrated a $254,000 grant to the Massachusetts Department of Public Health to protect the health of beachgoers. This funding is part of $9.75
MBA

Housing Solutions Coalition: There Is No Debate. Rent Caps Hurt Renters and Communities

National
Statement from the Housing Solutions Coalition in reference to President Biden’s mention of capping rents during the debate. “Decades of academic research from across the United States and
HUD - U.S. Department of Housing and Urban Development

The Federal Housing Administration Celebrates 90 Years of Making Homeownership Possible for American Families

National
June 27, 2024, marks the 90th anniversary of the creation of the Federal Housing Administration under the National Housing Act
Congresswoman Diana DeGette

DeGette Announces $4.5 Million for Denver to Expand Capacity for Housing Development

National
Congresswoman Diana DeGette (CO-01) announced that the City and County of Denver is receiving a $4.5 million grant from the Department of Housing and Urban Development. This comes from

U.S. States


FEMA

President Donald J. Trump Approves Emergency Disaster Declaration for Texas

Texas
FEMA announced federal disaster assistance has been made available to the state of Texas to supplement state and local recovery efforts in the areas affected by Hurricane Hanna from July 25, 2020, and continuing
FEMA

FEMA Fire Management Assistance Granted for the Numbers Fire

California
The Federal Emergency Management Agency (FEMA) has authorized the use of federal funds to assist the State of Nevada in combating the Numbers Fire burning in Douglas County.
Start An LLC In Texas

How Much Does It Cost To Start An LLC In Texas?

National
In the process of setting up your Texas LLC, you'll be faced with quite a few expenses. Some of these are required by legislation, and others are just recommended. We'll cover the costs of setting up an LLC in Texas and also provide you with the informatio
Registered Agent In Texas

5 Benefits Of Using A Registered Agent In Texas

Texas
The services of a registration agent began as part of due process in the US Constitution. A lawsuit includes the legal right to be notified of claims or other legal matters. Here are some brief things that will help explain what a Registered Agent Service In Texas 

Avoid TV Tip-Over Incidents During Super Bowl LIV with Safety Tips

New York
The New York State Division of Consumer Protection (DCP) is alerting consumers about the dangers of television (TV) tip-over hazards. Millions of New Yorkers will watch the Super Bowl this Sunday either on TVs at home or at parties with friends. DCP is taking this TV-focused occasion to remind consumers of critical TV safety tips.
Starbucks_Fresno

Brand-New Single-Tenant Starbucks Drive-Thru Trades in Fresno, Calif. for $1,345 PSF

California
Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a brand-new, single-tenant Starbucks
FEMA

Rosenberg family home for the holidays – and prepared for future hurricanes

Texas
A Houston-area mom is sharing her Hurricane Harvey recovery story this holiday season, along with the importance of always being prepared for flood events.

5 Cities in Florida: Which One Makes for the Best Real Estate Investment Opportunity...

Florida
Fast-growing Florida has been a favorite of real estate investors for many years. With so much interest having been focused on the state, though, investors need to take care to seek the best available opportunities.

WALTER J. MAHONEY STATE OFFICE BUILDING TO BE SOLD

New York
Office of General Services Commissioner RoAnn Destito today announced that the Senator Walter J. Mahoney State Office Building located at 65 Court Street in Buffalo will be sold at auction in 2020. A work group formed earlier this year made up of City, County, and State officials working with professional real estate consultants CBRE, determined that in the current competitive and robust Buffalo real estate market
SCR

Charleston South Carolina expected to outpace national real estate market averages through 2025

National
The National Association of Realtors® (NAR) recently identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are
Peter Evering

WHAT IS THE EVICTION PROCESS IN CALIFORNIA?

California
Eviction is a dirty word for both tenants and the landlords that believe the time has come to remove one or more parties from an apartment. The process anywhere can lead to a strained relationship at best and a bitter acrimonious fight that ends up in the judicial system.
FEMA

FEMA Offers Free Rebuilding Tips at Local Home Improvement Stores

Texas
Disaster survivors affected by the severe storms and floods from Tropical Storm Imelda, can visit local home improvement stores in Katy, Houston and Spring from Monday, Dec. 9, to Saturday
ABC National

Florida Tops ABC’s Annual Merit Shop Scorecard State Ranking for Second Year in a...

Florida
Associated Builders and Contractors released its 2019 Merit Shop Scorecard today, an annual ranking based on state policies and programs that encourage workforce development, career and technical education
Top 4 Places to Buy a Second Home

Top 4 Places to Buy a Second Home in the US

National
There are about 7.4 million homes owned as a second home in the United States. For many people, their second home is a vacation home. This gives them a chance to get away and break routine while also having all of the comforts of being in their own home.
Carol Corden cuts the ribbon

Ribbon Cutting Celebrating New Affordable Apartments in the Bronx for Low-Income Families and Domestic...

New York
New Destiny was joined by supporters and colleagues to celebrate the opening of its newly constructed service-enriched affordable housing project - The Jennings - located in the Crotona Park East
HUD - U.S. Department of Housing and Urban Development

HUD AWARDS $1.5 MILLION TO PUBLIC HOUSING AUTHORITIES TO ASSIST YOUNG PEOPLE AGING OUT...

National
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $1.5 million to nearly a dozen housing authorities to assist young people aging out

BLM NAMES VETERAN LAND MANAGER TO LEAD CALIFORNIA STATE OFFICE

California
The Bureau of Land Management today announced that Karen Mouritsen has been named the new California State Director—a key leadership position based in Sacramento. As State Director, Mouritsen will direct a team that manages lands encompassing 15% of the Golden State’s total land mass
USDOJ

California Real Estate Developer Convicted of Making Conduit Contributions in Two U.S. Congressional Campaigns

California
Today, a federal jury found an Oakland-area real estate developer guilty for funneling tens of thousands of dollars through straw donors into two consecutive congressional campaigns

NYS OASAS ANNOUNCES OPENING OF NEW RECOVERY CENTER IN NEW YORK CITY

New York
The New York State Office of Alcoholism and Substance Abuse Services (OASAS) today announced the opening of the new JLC Recovery and Wellness Center in New York City. JLC is operated by Exponents Inc. and provides free help and support services for people affected by addiction and for their families.

Robust U.S economy not a boost for black homeownership

National
In spite of a robust U.S. economy, a strong employment rate, and steadily increasing 401(k) plan earnings, Black homeownership rates continue to drop. Drawing from the 2019 release of the National Association of Real Estate Brokers

Popular


AGC

SIXTY PERCENT OF FIRMS WORKING ON HIGHWAY UPGRADES EXPERIENCED CARS CRASHING INTO THEIR WORK...

National
Annual Survey by HCSS and Associated General Contractors of America Finds Drivers and Passengers are at Greater Risk of Injury and Death in Work Zone Crashes As Officials Urge Drivers
NAHB

New Home Sales Decline in May

National
Sales of newly built, single-family homes fell 7.8 percent to a seasonally adjusted annual rate of 626,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
DOI

$17+ Million in Grants Will Help States, Local Communities Keep Waters Clean, Economies Thriving

National
Water-loving outdoor recreationists and local communities in 27 states will have additional resources to help boaters keep America’s waters clean, thanks to more than $17 million in Clean Vessel Act program grants from the U.S. Fish and Wildlife Service.
FEMA

Port Aransas ready for return of summer tourism

Texas
Texas SandFest drew a record 35,000 people April 26-28, encouraging business owners that Port Aransas is on its way to recovery. With nearly all the city’s retailers and restaurants re-opened, residents are beginning to feel like things are getting back to normal.
OJO Labs - Eight Major Awards

OJO Labs: Five Months, Eight Major Awards

National
OJO Labs, a leading-edge technology company on a mission to empower consumer decision-making through its conversational AI assistant, OJO, won the highly coveted 2019 A-List Award among mid-sized companies from the Austin Chamber of Commerce in partnership with SXSW
Property on Airbnb

Should I Rent Out my Property on Airbnb?

National
Listing property on Airbnb has become a popular way to make extra money, meet new people, and provide some freedom, but there are a few key things to think about when you are considering listing your property. It is key to know what you’re getting yourself into.
Rockefeller Foundation

The Rockefeller Foundation Launches $5.5 Million Opportunity Zone Community Capacity Building Initiative for Select...

National
The Rockefeller Foundation today announced an initiative to help U.S. cities attract responsible private investment in economically-distressed communities through Opportunity Zones created in the 2017 Tax Cuts and Jobs Act. This effort will help ensure new investment delivers sustainable benefits for more than 30 million low-income Americans living in Opportunity Zones
PaulineWeaver

Eden Housing and City of Fremont Celebrate Grand Opening of KTGY-Designed Affordable Senior Housing...

National
Pauline Weaver Senior Apartments is located in the Warms Springs area of Alameda County and features 90 apartment homes for very low and extremely low-income seniors, near I-880 freeway, BART, shopping, services and other amenities.
VA

VA’s Home Loan Guaranty program notifies Veterans of potential loan fee waivers

National
The U.S. Department of Veterans Affairs (VA) announced May 13 that Veterans who qualify for a VA Home Loan funding fee waiver are now being notified in their home loan eligibility certificate and disability compensation award letter.
Merri Jo Cowen - headshot

A Stellar Idea: My Florida Regional MLS Reimagines the Multiple Listing Service

The nation's third-largest Multiple Listing Service, My Florida Regional MLS, will become Stellar MLS on June 4, 2019, in a move that totally reimagines the MLS. Currently serving 58,000 customers
HUD - U.S. Department of Housing and Urban Development

NATIONAL ASSOCIATION OF HOME BUILDERS TO CO-HOST HUD INNOVATIVE HOUSING SHOWCASE

National
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced the National Association of Home Builders (NAHB) will co-host the Department's inaugural "Innovative Housing Showcase." The Innovative Housing Showcase will be held on the National Mall June 1-5, 2019

Department of the Interior: Yakima Water Plan Is a “Model” and “Holistic”

Yesterday, U.S. Senator Maria Cantwell (D-Wash.), ranking member of the Senate Energy and Natural Resources Committee, asked the Department of the Interior about its commitment to the Yakima River Basin during a hearing on the president’s FY 2017 budget request. Deputy Secretary of the Interior Michael Connor agreed with Sen. Cantwell that the Yakima River Basin plan “is a model for the rest of the nation in water management.”

Energy Costs to Cook Thanksgiving Meal Up to 25% Lower in 2015

“Consumers Energy is thankful to be a part of holiday celebrations across the state as warm Thanksgiving memories are being made, and we are committed to providing many more generations of Michigan families with reliable, affordable energy in all seasons,” said Garrick Rochow, Consumers Energy’s vice president and chief customer officer

Agencies Issue Final Rule to Exempt Subset of Higher-Priced Mortgage Loans from Appraisal Requirements

WASHINGTON, D.C. - December 13, 2013 - (RealEstateRama) -- Six federal financial regulatory agencies today issued a final rule that creates exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The exemptions are intended to save borrowers time and money while still ensuring that the loans are financially sound

Department Enters into Consent Order with Equity Loans, LLC and its owners Eduardo Gutierrez...

Atlanta, Georgia - November 13, 2013 - (RealEstateRama) -- the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Equity Loans, LLC, License Number 23300, located at 1150 Hammond Dr., Building E, Suite 650, Atlanta, Georgia 30328, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act

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

NAREB’S MESSAGE TO BLACK CONSUMERS IN THE WAKE OF MAJOR PROCEDURAL...

In the near future, the home buying process will undergo significant change, particularly in the dynamics between homebuyers, sellers, and the real estate agents facilitating the transactions. These changes, stemming from a potential court case settlement, will redefine how home sellers compensate agents for the buyers of their home.