Blog Page 1125

New York home sales up nearly 8 percent in October

Albany, NY - November 23, 2009 - (RealEstateRama) -- Driven by buyers wanting to close before the anticipated first-time homebuyer tax credit deadline, October sales jumped nearly 8 percent from the previous month and nearly 6 percent compared to October 2008, according to preliminary existing single-family sales data accumulated by the New York State Association of REALTORS.

New York State Real Estate Board To Hold Public Hearing — December 3, 2009

ALBANY, NY - November 23, 2009 - (RealEstateRama) — The New York State Real Estate Board will hold a public hearing on general real estate issues on Thursday, December 3, 2009 at 10:30 a.m. at Department of State, Division of Licensing Services, Alfred E. Smith State Office Building, 80 South Swan Street, 10th Floor Conference [...]

Suburban Square Opens Two New Retailers

Priscilla of Boston and Denim Habit join America’s first shopping center. Ardmore, PA - November 23, 2009 - (RealEstateRama) -- Metro Commercial, one of the region’s largest full-service retail real estate firms, announces the addition of two new retailers to the world-class lineup at Suburban Square, America’s first shopping center, in Philadelphia’s Main Line suburb of Ardmore, PA.

New Homeless Program Created With Stimulus Funds

Lincoln, NE - November 23, 2009 - (RealEstateRama) -- Mayor Chris Beutler today announced that a new program has been created with about $1.4 million to help the homeless and near-homeless in Lincoln. The Homelessness Prevention and Rapid Re-Housing Program (HPRP).

New Homeless Program Created With Stimulus Funds

Lincoln, NE - November 23, 2009 - (RealEstateRama) -- Mayor Chris Beutler today announced that a new program has been created with about $1.4 million to help the homeless and near-homeless in Lincoln. The Homelessness Prevention and Rapid Re-Housing Program (HPRP).

Grassley Introduces Extension of Housing Tax Relief for Midwestern Disaster Victims

WASHINGTON, DC - November 23, 2009 - (RealEstateRama) -- Sen. Chuck Grassley of Iowa has introduced legislation giving Midwestern disaster victims more time to benefit from tax relief intended to help them repair or replace their devastated homes.

STATE APPROVES $7.2 MILLION TAX CREDIT FOR DETROIT REDEVELOPMENT

LANSING, MI - November 23, 2009 - (RealEstateRama) -- The Michigan Economic Growth Authority (MEGA) Board this week approved a $7.2 million tax credit for the NSO Bell project expected to invest $50 million in Detroit, State Senator Martha G. Scott (D-Highland Park) announced.

‘Controlled movement’ led to inmate riot at Northpoint, report says

FRANKFORT, KY - November 23, 2009 - (RealEstateRama) -- Inmates reacted to the implementation of restrictions in their movement at the Northpoint Training Center in August by setting fires in dorms, destroying property and busting out windows, causing one of the most destructive prison riots in Kentucky history, according to a report released today by the Department of Corrections

Gov. Beshear, First Lady help “Feed the Need” as part of Hunger and Homelessness...

LEXINGTON, KY - November 23, 2009 - (RealEstateRama) -- Leading by example, Gov. Steve Beshear and First Lady Jane Beshear visited God’s Pantry Food Bank today to volunteer distributing food as part of Hunger and Homelessness Awareness Week in Kentucky

Home Cooking Fires Peak on Thanksgiving

Jackson, MS - November 23, 2009 - (RealEstateRama) -- Friends and family start arriving, everyone happy and thankful to visit and get re-acquainted, and in the commotion of children playing and reminiscing you forget about that pan cooking on the stove or the turkey roasting in the oven. Suddenly, what should be a time for a family celebration becomes a family emergency when a cooking fire breaks out.

MARKEY INTRODUCES ENERGY TAX CREDIT

Bi-partisan measure will cut cost of renewable energy, create jobs. Washington, DC - November 23, 2009 - (RealEstateRama) -- Congresswoman Betsy Markey was today joined by Congressman Erik Paulsen (R-MN) in introducing the Renewable Electricity Integration Tax Credit Act (REITC), which will provide a tax credit for utilities to integrate more wind and solar into their energy portfolios.

MARKEY INTRODUCES ENERGY TAX CREDIT

Bi-partisan measure will cut cost of renewable energy, create jobs. Washington, DC - November 23, 2009 - (RealEstateRama) -- Congresswoman Betsy Markey was today joined by Congressman Erik Paulsen (R-MN) in introducing the Renewable Electricity Integration Tax Credit Act (REITC), which will provide a tax credit for utilities to integrate more wind and solar into their energy portfolios.

MARKEY INTRODUCES ENERGY TAX CREDIT

Bi-partisan measure will cut cost of renewable energy, create jobs. Washington, DC - November 23, 2009 - (RealEstateRama) -- Congresswoman Betsy Markey was today joined by Congressman Erik Paulsen (R-MN) in introducing the Renewable Electricity Integration Tax Credit Act (REITC), which will provide a tax credit for utilities to integrate more wind and solar into their energy portfolios.

MARKEY ANNOUNCES OVER $99M FOR PEETZ WIND FARM

Washington, DC - November 23, 2009 - (RealEstateRama) -- Congresswoman Betsy Markey today announced that nearly $100 million has been awarded to NextEra Energy Resources to expand the Northern Colorado Wind Energy farm in Peetz, Colorado. Funded through the American Recovery and Reinvestment Act in lieu of a production tax credit, the award will allow quicker job creation in the near term and investment in infrastructure that will provide long-term economic benefits.

MARKEY ANNOUNCES OVER $99M FOR PEETZ WIND FARM

Washington, DC - November 23, 2009 - (RealEstateRama) -- Congresswoman Betsy Markey today announced that nearly $100 million has been awarded to NextEra Energy Resources to expand the Northern Colorado Wind Energy farm in Peetz, Colorado. Funded through the American Recovery and Reinvestment Act in lieu of a production tax credit, the award will allow quicker job creation in the near term and investment in infrastructure that will provide long-term economic benefits.

Pent-Up Demand and Tax Credit Drive October Home Sales Rally Sales Up 24.2% Statewide...

SPRINGFIELD, IL - November 23, 2009 - (RealEstateRama) -- Illinois home sales took a double-digit jump in October as buyers took advantage of unprecedented buyer-market conditions with record low mortgage interest rates, affordable home prices and the federal first-time homebuyer tax credit. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in October 2009 reached 10,986 homes sold, up 24.2 percent from October 2008 sales of 8,846. The Illinois median price in October 2009 was $157,000 down 7.6 percent from $170,000 in October 2008. The median is a typical market price where half the homes sold for more, half sold for less

Naturally gifted: Ferndale Preserve opens to the public

FERNDALE, FL - November 23, 2009 - (RealEstateRama) -- The Lake County Parks & Trails Division announced this month that it is opening to the public the 192-acre Ferndale Preserve, which is located off County Road 455 in South Lake County, after several years of making improvements to the purchased property.

Loudoun Real Estate Property Tax Deadline is December 7

Leesburg, VA - November 20, 2009 - (RealEstateRama) -- Loudoun County Treasurer, H. Roger Zurn, Jr., reminds taxpayers that the deadline for payment of the second half real property tax is Monday, December 7, 2009.

Woodbridge Man Sentenced 57 Months for Mortgage Fraud

ALEXANDRIA, VA - November 20, 2009 - (RealEstateRama) -- Godwin Asifo, 55, of Woodbridge, Va., was sentenced today to 57 months in prison, followed by three years of supervised release, for running a mortgage fraud scheme that resulted in the foreclosure of at least three homes in northern Virginia.

Rep. Patrick Murphy Announces Expansion of First-Time Homebuyer Credit

Morrisville, PA - November 20, 2009 - (RealEstateRama) -- Today, Pennsylvania Congressman Patrick Murphy (D-8th District) joined local realtors and homebuyers to announce the expansion of the first-time homebuyer tax credit to help more hardworking families in Bucks County and across the country achieve the American dream by owning their own home.

HPD Announces Development Teams To Build 770 Units Of New Mixed-Use Affordable Housing At...

New York, NY - November 19, 2009 - (RealEstateRama) -- New York City Department of Housing Preservation and Development (HPD) Commissioner Rafael E. Cestero announced today the selection of the developers who will construct mixed-use affordable housing on the last large city-owned tracts of land in the Melrose Commons North Urban Renewal Area (URA),

Disaster tax relief available to qualified real property owners

LĪHU‘E - November 20, 2009 - (RealEstateRama) -- Property owners who sustained damages to their real property as a result of the recent flood disaster may be eligible for disaster tax relief. Claims can be made on damages that resulted directly from flood waters overflowing the banks or walls of a nearby river or stream

HOUSE HOMELAND SECURITY COMMITTEE PASSES CONGRESSMAN AL GREEN’S AMENDMENT TO EXPAND THE ‘SECURING THE...

Washington, DC - November 20, 2009 - (RealEstateRama) -- In a unanimous vote, the House Committee on Homeland Security passed this week H.R. 2611, a measure which would authorize the Department of Homeland Security's 'Securing the Cities' (STC) initiative. The bill includes an amendment offered by Congressman Al Green (TX-09) that would expand the scope of the STC program to include at least two additional cities in the program.

$1.4M Grant to Provide Free Foreclosure Mitigation Counseling to Struggling Homeowners

CHICAGO, IL - November 20, 2009 - (RealEstateRama) -- Today, the Illinois Housing Development Authority (IHDA) Board of Directors approved allocating a $1.4 million federal grant to fund free foreclosure counseling help for homeowners throughout Illinois

New DHCR Program Targets $5 Million to Replace Dilapidated Mobile and Manufactured Homes with...

Albany, NY - November 19, 2009 - (RealEstateRama) -- DHCR is responding to an important need in rural communities with a new initiative to provide safer, more affordable homes for low-income individuals and families by replacing severely substandard and dilapidated mobile and manufactured homes with new ENERGY STAR Qualified manufactured housing.

Former Real Estate Investment Company Owner Pleads Guilty to Laundering Proceeds of Mortgage Fraud

ALBANY, NY - November 19, 2009 - (RealEstateRama) -- Andrew T. Baxter, United States Attorney, Patricia J. Haynes, Special Agent in Charge, Internal Revenue Service, Criminal Investigation Division (New York Field Office), John F. Pikus, Special Agent in Charge, Albany Division of the Federal Bureau of Investigation, and Robert Bethel, Inspector in Charge, United States Postal Inspection Service, announce that KEVIN M. O’CONNELL, age 35, of Albany,

Housing Crisis Deepens: Legislative Action Needed Immediately

COLUMBUS, OH - November 19, 2009 - (RealEstateRama) -- Record breaking foreclosure filings and delinquency rates in Ohio were reported today by the Mortgage Bankers Association, confirming assertions by foreclosure reform advocates that the housing crisis is deepening, and prompting calls for the Ohio Senate to begin hearings on reform legislation.

Metro Commercial Inks 6,200 SF Lease in Center City Philadelphia

Govberg Jewelers joins exclusive Walnut Street retail row. Philadelphia, PA - November 19, 2009 - (RealEstateRama) -- Metro Commercial, one of the region’s largest full-service retail real estate firms, announced today that it has negotiated a lease for Govberg Jewelers to locate its flagship store at 1521 Walnut Street in the heart of Philadelphia’s “Rittenhouse Row”

Cleveland Area Board of Realtors (CABOR) Speakers Bureau Addresses ‘The Real State of Real...

Cleveland, OH - November 19, 2009 - (RealEstateRama) -- The Cleveland Area Board of Realtors (CABOR) has launched a speakers bureau to talk about the shape of local real estate with Northeast Ohio community and business groups. According to CABOR Speakers Bureau Chair and 2010 CABOR Affiliate Council chair, Dave Iammarino, CABOR is currently seeking presentation engagements for its six speakers with chambers of commerce, and public organizations including Kiwanis Clubs, Rotary Clubs, parent-teacher groups and other organizations

Proposed property tax levies for 2010 increase by average of 3.5 percent statewide

Saint Paul, MN - November 19, 2009 - (RealEstateRama) -- Property tax levies will increase an average of 3.5 percent statewide if proposed local tax levies are adopted later this year, the Minnesota Department of Revenue announced today. This compares to last year’s increase of 5.6 percent and an average increase of 6.9 percent during the past three years.

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Mississippi Real Estate Investors Plead Guilty to Conspiring to Rig Bids...

Real estate investors Kevin Moore, Chad Nichols, and Terry Tolar pleaded guilty today for their roles in a conspiracy to rig bids at public real estate foreclosure auctions in Mississippi, the Department of Justice announced.