Friday, July 12, 2024

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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.

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.
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
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
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
NAR

Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record...

National
Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of REALTORS®. In the four major U.S. regions, sales
NAHB

Housing Starts Retreat in May

National
Single-family and multifamily housing starts fell in May as high interest rates for construction and development loans and mortgage rates held back both housing supply and demand. Overall housing starts fell 5.5% in May to a seasonally adjusted
MBA

Commercial and Multifamily Mortgage Debt Outstanding Increased in First-Quarter 2024

National
The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9 percent) in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA)
NAR

REALTORS® Relief Foundation Announces Largest Grant Ever Awarded With $2 Million in Relief Aid...

National
The REALTORS® Relief Foundation (RRF) announced that an additional $1 million in disaster relief aid has been made available
Capital Impact Partners

Capital Impact Partners Honored by Novogradac Journal of Tax Credits in QLICIs of the...

National
Capital Impact Partners has received the Real Estate QLICI of the Year award — which recognizes investments in the development, management or leasing of real estate — for its work with
NAHB

Americans Want Policymakers to Act on Housing Affordability

National
Nearly four out of five Americans agree that the country is in the midst of a housing affordability crisis and that officials at all levels of government are not doing enough to address this vital issue
American Land Title Association

New Louisiana Law Will Protect Homebuyers from Predatory Contracts

National
The American Land Title Association (ALTA), the national trade association of the land title insurance industry, AARP, the Louisiana Land Title Association (LLTA) and Louisiana
MBA

Mortgage Credit Availability Increased in May

National
Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
ASE

Alliance To Save Energy Announces Support For New Energy Efficiency Standards In HUD- And...

National
The Alliance to Save Energy supports the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) in their recent decision to adopt new
HUD - U.S. Department of Housing and Urban Development

HUD Launches New Program to Invest in Manufactured Home Communities

National
The U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), announced the launch of its new Manufactured Home Community loan product
NAR

Pending Home Sales Slumped 7.7% in April

National
Pending home sales in April fell 7.7%, according to the National Association of REALTORS®. All four U.S. regions registered month-over-month and year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home
ARRP

More Than Half of Veterans Are Unaware of Their Housing Benefits and a Quarter...

National
More than half (60%) of veterans ages 45 and older are unaware that the U.S. Department of Veterans Affairs (VA) offers grant funding to modify their homes, according to a new AARP survey.
NAHB

Families Must Spend 38% of Their Income on Mortgage Payments, New NAHB Index Shows

National
A new quarterly Cost of Housing Index unveiled today by the National Association of Home Builders (NAHB) and Wells Fargo underscores the housing affordability crisis in America by

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.