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LAKE TAHOE, Nev. - July 8, 2010 - (RealEstateRama) -- Reno-Sparks saw a 16 percent increase in homes sold in the first half of 2010 and experienced an eight percent decrease in average and median prices, according to Chase International’s mid-year report. Carson Valley experienced a 21 percent increase in homes sold.“A lot of first-time home-buyers took advantage of the federal tax credit,” said Sue Lowe, corporate vice president of Chase International. “There’s been a lot of movement in the last six months and while prices are still down, inventory is going down, so we’re hoping to see things flatten out soon.”
July 8, 2010 - (RealEstateRama) -- Dan Gilbert, Founder and Chairman of Quicken Loans Inc., today announced a growing business in his family of companies, In-House Realty LLC, will move from its suburban Livonia office to Detroit. In-House Realty will occupy space in the Compuware Building beginning this August, along with Quicken Loans, the nation’s largest online retail mortgage lender, and Fathead Inc., the leading brand in sports and entertainment graphic wall products, both of whom previously announced their move to downtown Detroit.
Providing Highly Satisfying Home Insurance Claim Experiences Leads to Significantly Increased Customer Loyalty and...
WESTLAKE VILLAGE, CA - July 8, 2010 - (RealEstateRama) -- Claimants of insurance companies that provide highly satisfying property claims experiences are considerably more likely to renew with their insurer and recommend their insurer to others, according to the J.D. Power and Associates 2010 U.S. Home Claims Satisfaction StudySM released today
Atlanta, GA - July 7, 2010 - (RealEstateRama) -- Southern Living magazine has been highlighting unique off-the-beaten path southern towns for decades. For more than 20 years, Southern Living has built its Idea Houses on the lake, on the beach and in town to cover the many interests of its more than 16 million readers.
Washington, D.C. - July 7, 2010 - (RealEstateRama) -- The Financial Services Roundtable supports the passage of H.R. 5623 the “Homebuyer Assistance and Improvement Act of 2010”. The legislation will extend the deadline for closing a home sale in order to be eligible for the first-time homebuyer tax credit, until October 1, 2010. The new extension becomes effective and applies to residencies purchased after June 30, 2010. The bill will enable consumers who have signed a contract to purchase a home to complete the transaction and utilize the credit
July 2, 2010 - (RealEstateRama) -- The National Reverse Mortgage Lenders Association is proud to announce the first class of members who have met all the qualifications and have received their Certified Reverse Mortgage Professional designations
WASHINGTON, DC - July 2, 2010 - (RealEstateRama) -- Eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service.
Raleigh, NC - July 2, 2010 - (RealEstateRama) -- Building designers, facility managers and construction professionals will want to be in attendance at the RCI 2010 Symposium on Building Envelope Technology, November 8-9, 2010, at the Hyatt Regency on the Riverwalk at Paseo Del Alamo in San Antonio, Texas.
WASHINGTON, DC - July 1, 2010 - (RealEstateRama) -- HOPE LoanPort™, the groundbreaking new web-based housing counselor tool that streamlines the submission of completed loan modification applications, announced today that 62 additional housing counseling offices are now live on its system and able to submit loan modification applications directly to participating mortgage servicers
July 1, 2010 - (RealEstateRama) -- Despite four years of declining U.S. housing starts, the structural insulated panel (SIP) industry has avoided the full force of the economic recession, according to a recent survey conducted by the Structural Insulated Panel Association (SIPA). Results indicate that the industry experienced a modest 12 percent decrease in residential production volume in 2009, compared to a 28 percent drop in U.S. single family housing starts over the same time period
Washington, DC - June 30, 2010 - (RealEstateRama) -- Majority Leader Harry Reid (D-Nev.) and Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced legislation today to reinstate federal unemployment insurance benefits and extend the purchase closing date for new homebuyers to qualify for tax credits.
Brooklyn, NY - June 28, 2010 - (RealEstateRama) -- It was announced today that more than 50 percent of the 340 residences at 184 Kent have been leased. The new luxury rental building, which is located on Williamsburg’s waterfront between North Third and North Fourth streets along the East River, began leasing in February. Since then, there’s been strong demand for the property’s spacious lofts, which come in studio, one-, two- and three-bedroom configurations.
June 28, 2010 - (RealEstateRama) -- To all 2010 Housing Tax Credit Contribution (“HTCC”) program applicants: The Governor signed Senate Bill 501 "An Act Concerning the Real Estate Conveyance Tax, the Conveyance of Certain Parcels of State Land, Adjustments to Certain Programs Implemented through the Department of Social Services, a Report on Tax Credits, Juvenile Justice, Absentee Voting by Members of Military, Revisions to Various Task Forces, Commissions and Councils, and Amendments and Minor and Technical Changes to Certain Special and Public Acts of the 2010 Regular Session.”
WASHINGTON, DC - June 28, 2010 - (RealEstateRama) -- The U.S. Department of Labor's Veterans' Employment and Training Service has awarded $4 million in Incarcerated Veterans Transition Program grants designed to aid veterans "at risk" of homelessness. The 16 grants will serve more than 1,400 formerly incarcerated veterans in 13 states.
Washington, DC - June 28, 2010 - (RealEstateRama) -- Commissioner Gennet Purcell, Esq., of the DC Department of Insurance, Securities and Banking (DISB) today announced the indictment of Renaldo D. Gillis and Afolasade Orekoya for their leadership in an extensive mortgage fraud “flipping” scheme in the District of Columbia after a joint investigation with federal law enforcement
Washington, DC - June 28, 2010 - (RealEstateRama) -- Americans have faced the worst financial crisis since the Great Depression. Millions have lost their jobs, businesses have failed, housing prices have dropped, and savings were wiped out.
WASHINGTON, DC - June 28, 2010 - (RealEstateRama) -- With mortgage interest rates at their lowest levels since World War II, a plentiful housing stock and prices still low, buying a home may now be easier for many Americans than it has been in years.“Buying a home is the single largest investment that most people will make in their lifetime,” said ABA Executive Vice President Robert Davis. “So it’s important to take an honest look at your budget first to see what you can afford.”
WASHINGTON, DC - June 25, 2010 - (RealEstateRama) -- The U.S. Small Business Administration today announced the first nine loan pool originators authorized by the agency to assemble and sell pools of 504 program first mortgage loans, a major step to jump-starting a secondary market that should make fixed asset financing more widely available for small businesses.
Low-income housing development fuels economic gains in distressed neighborhoods, stabilizes families’ economic outlook
NEW YORK, NY - June 25, 2010 - (RealEstateRama) -- A new study of New York low-income housing released today proves affordable housing development fuels economic gains in distressed neighborhoods. The study, commissioned by Local Initiatives Support Corporation (LISC) and Enterprise Community Partners (Enterprise) shows affordable housing development is a proven economic stimulus that can expand neighborhood spending power, raise surrounding property values and help low-income families stabilize their economic outlook. Enterprise and LISC released this report based on data analysis done by the Furman Center for Real Estate and Urban Policy at New York University and independent consultants.
WASHINGTON, DC - June 24, 2010 - (RealEstateRama) -- During a keynote address to The Atlantic's inaugural Future of the City Forum in Washington, D.C., U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced that HUD is launching a $100 million Sustainable Communities Regional Planning Grant program, the first of its kind designed to create stronger, more sustainable communities by connecting housing to jobs, fostering local innovation and building a clean energy economy.
WASHINGTON, DC - June 23, 2010 - (RealEstateRama) -- Millions of homeowners across the country are seeking loan modifications and HOPE LoanPort™, the groundbreaking new web-based housing counselor tool that streamlines submission of completed loan modification applications, is now at the forefront of making that dream a reality. Several organizations nationwide, including Neighborhood Housing Services
WASHINGTON, DC - June 23, 2010 - (RealEstateRama) -- State Housing Finance Agencies (HFAs) in Arizona, California, Florida, Michigan, and Nevada can begin to use $1.5 billion in "Hardest Hit Fund" foreclosure-prevention funding under plans approved today by the Obama Administration. This aid will support innovative local initiatives to assist struggling homeowners in those states, as part of the first round of funding available under this new program
June 22, 2010 - (RealEstateRama) -- Quicken Loans Inc., the nation’s largest online retail mortgage lender, today announced it has placed seventh in Computerworld Magazine’s “100 Best Places to Work in Technology” study. This is the sixth consecutive year Quicken Loans is listed in the magazine’s annual survey, ranking among the top-15 each year.
WASHINGTON, DC - June 22, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation’s housing market. Each month, the scorecard will incorporate key housing market indicators and highlight the impact of the Administration’s unprecedented housing recovery efforts, including assistance to homeowners through the Federal Housing Administration (FHA) and the Home Affordable Modification Program (HAMP). This scorecard contains key data on the health of the housing market including
Washington D.C. - June 22, 2010 - (RealEstateRama) -- International law firm Nixon Peabody LLP announces the arrival of Ross. E. Eichberg as a real estate partner based in the firm’s Washington D.C. office. He joins Nixon Peabody from Patton Boggs LLP
June 21, 2010 - (RealEstateRama) -- At its meeting in conjunction with its Washington Policy Conference last week, the Board of Directors of the National Reverse Mortgage Lenders Association unanimously elected Cheryl MacNally of Wells Fargo Home Mortgage and John Nixon of Bank of America as its new Co-chairs.
WASHINGTON, D.C. - June 21, 2010 - (RealEstateRama) -- A year after the passage of the Homeless Emergency Assistance and Rapid Transition to Housing (HEARTH) Act, which mandated the creation of a federal plan to end homelessness, the U.S. Interagency Council on Homelessness will release the plan to Congress and the public tomorrow.
Frank Announces House Offer on Consumer Protection, Risk Retention, Mortgage Reform and Anti-Predatory Lending
Washington, DC - June 21, 2010 - (RealEstateRama) -- Chairman Frank, on behalf of the House conferees, released the House offer on the titles listed below. The issues will be subject to debate when the House-Senate Conference Committee convenes in room SD-106, Dirksen Senate Office Building, at 12:00 p.m. tomorrow
BLOOMFIELD HILLS, MI - June 18, 2010 - (RealEstateRama) -- After getting the keys to their new homes, many first-time homebuyers are excited about finally having the opportunity to personalize and furnish their new house. From coffee tables to lamps to lawnmowers, many previous renters leap into homeownership quickly realizing they need to do a lot of shopping to truly make their house a home.
WASHINGTON, D.C. - June 18, 2010 - (RealEstateRama) -- The ongoing foreclosure crisis has slashed hundreds of billions of dollars in wealth from communities of color, a new CRL research report shows, as an estimated 17% of Latino homeowners and 11% of African-American homeowners have already lost their home to foreclosure or are now at imminent risk. The wealth drain is the result of direct losses from foreclosures and also the decline in neighboring property values each foreclosure brings.