Monthly Archives: May 2010

WASHINGTON, D.C. - May 14, 2010 - (RealEstateRama) -- There are increasing signs that residential green building and remodeling are speeding into the mainstream as the National Association of Home Builders (NAHB) prepares to cut the ribbon at the 12th annual NAHB National Green Building Conference.

SALT LAKE CITY, UT - May 13, 2010 - (RealEstateRama) -- Lieutenant Governor Greg Bell and the Division of Housing and Community Development will release the results of a snapshot survey showing Utah’s homeless population during a press conference on Friday, May 14 at 10:30 a.m. in room 240 of the State Capitol.

TRENTON, N.J. - May 13, 2010 - (RealEstateRama) -- New Jersey Department of Community Affairs’ (DCA) Acting Commissioner Lori Grifa today announced that the New Jersey Housing Mortgage Finance Agency (HMFA) has been awarded a $966,407 federal grant to support foreclosure prevention efforts statewide.

NEWPORT NEWS, VA - May 13, 2010 - (RealEstateRama) -- Yvonne L. Robertson, 44, of Hampton, Virginia was charged in a superseding indictment, returned by a federal grand jury yesterday, on charges of engaging in monetary transactions in property derived from unlawful activity

Albany, NY - May 14, 2010 - (RealEstateRama) -- The State Division of Housing and Community Renewal (DHCR) today announced 26 awards totaling $9.6 Million that will help more than 97,000 New York homeowners avoid foreclosure.

Trenton, NJ - May 13, 2010 - (RealEstateRama) -- The League has long championed a thorough reform of the Fair Housing Act, and advocated for a sustainable housing policy for all our communities, urban, suburban and rural.

AUSTIN, TX - May 13, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced a funding award to private developers constructing a new affordable rental property in Abilene that will help bring stability to the lives of older persons with disabilities while providing a shot in the arm to the local economy.

AUSTIN, TX - May 13, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) and State Senator Kevin Eltife today announced two awards totaling $500,000 to the City of Texarkana to help promote and maintain homeownership while providing a shot in the arm to the local economy.

AUSTIN, TX - May 13, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced funding awards totaling $591,770 to two Lufkin-based organizations helping low income residents obtain decent housing while working toward financial and personal independence.

NEW YORK, NY - May 13, 2010 - (RealEstateRama) -- Thursday, May 13, 2010--The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved $57.6 million in financing to build and renovate 670 affordable housing units in the state.

Apollo Says "Generous" Grant From Harlem CDC Community Initiative Fund Helped Make "Walk" Possible. May 13, 2010 - (RealEstateRama) -- The Harlem Community Development Corporation (Harlem CDC) was lauded for its support of the Apollo Theater Foundation's "Walk of Fame" project at its unveiling on Monday.

May 13, 2010 - (RealEstateRama) -- As HACLA works with our project partners to redevelop the Jordan Downs public housing in the Watts neighborhood of South Los Angeles, we continue to seek out expert advice and contribution from the brightest minds in the area of real estate development. One of the key questions – how can we redevelop the area in order to make public transportation convenient and accessible for our residents.

Still below year-ago levels however. SACRAMENTO, CA - May 13, 2010 - (RealEstateRama) -- The pace of home sales at California new-home communities rose a bit in March from February but continued to be notably lower than levels seen a year ago, the California Building Industry Association reported today

Washington, DC - May 13, 2010 - (RealEstateRama) -- The Federal Housing Administration plays a key role in today’s housing market, but changes are necessary to support recovery in the real estate market and general economy. That was the focus of today’s “Restoring the Balance of Public and Private Capital in Mortgage Finance” session, part of a three-day summit during the Realtors® Midyear Legislative Meetings & Trade Expo here this week.

Washington, DC - May 13, 2010 - (RealEstateRama) -- The Federal Housing Administration plays a key role in today’s housing market, but changes are necessary to support recovery in the real estate market and general economy. That was the focus of today’s “Restoring the Balance of Public and Private Capital in Mortgage Finance” session, part of a three-day summit during the Realtors® Midyear Legislative Meetings & Trade Expo here this week.

Washington, DC - May 13, 2010 - (RealEstateRama) -- Despite guidelines from the federal government to streamline short sales and improved fraud prevention, home sellers experiencing financial distress continue to be discouraged with the often confusing short sale process. Realtors® at today’s “Short Sale Seller Advisory: Professional Development Forum” at the Midyear Legislative Meetings & Trade Expo today learned how to better educate and advise sellers to overcome the hurdles of a short sale

Washington, DC - May 13, 2010 - (RealEstateRama) -- Two top housing economists forecast some encouraging but tempered predictions for the housing market over the next few years during an economic session at the National Association of Realtors® Midyear Legislative Meetings & Expo today.

Washington, DC - May 13, 2010 - (RealEstateRama) -- Two top housing economists forecast some encouraging but tempered predictions for the housing market over the next few years during an economic session at the National Association of Realtors® Midyear Legislative Meetings & Expo today.

McLean, VA - May 13, 2010 - (RealEstateRama) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.93 percent with an average 0.7 point for the week ending May 13, 2010, down from last week when it averaged 5.00 percent. Last year at this time, the 30-year FRM averaged 4.86 percent. The 30-year FRM has not been lower since the week ending December 10, 2009, when it averaged 4.81 percent

EUGENE, OR - May 13, 2010 - (RealEstateRama) -- John Anselmo of Minnesota decided that IDX, Inc was the perfect IDX provider to display the vast and expanding area of the Twin Cities. By incorporating the dynamic map search, Anselmo was able to optimize the ability of potential home buyers to search by many specific locations available in the Twin Cities area. This IDX feature also allows Anselmo’s website visitors to compare houses in the same neighborhood, thus increasing their knowledge of the local area and current home sales prices.

Eugene, OR - May 13, 2010 - (RealEstateRama) -- Peter Weigher is head of a team of six agents and had need of IDX display software that best fit the needs of his focused team within Re/Max Realty Advantage of Pennsylvania and rightly decided upon IDX Broker. Weigher’s IDX account will automatically display all the current listings from Central Penn Multi-List for his web users to view. The software provided by IDX Broker allows Weigher to customize his search options on the team website by providing a variety of search tools to choose from. Weigher chose an integrated layout that allows him and his agents to automatically send daily emails to clients, if they so choose, of any new listings that meet their criteria. Included in this new integrated IDX display is way for the client to search by city, price, size and number of bedrooms or a more Advanced Search option, which can be customized to include even further details, such as municipality and school district. There is also a way to search by a map, address or MLS Listing number. IDX Broker even provides a quick search option for maximum effectiveness of time.

Washington, DC - May 13, 2010 - (RealEstateRama) -- In a dramatic show of grassroots support for the National Housing Trust Fund, more than 2,225 organizations representing every Congressional district in the country are sending a letter this week to every U.S. Senator and Representative urging immediate funding for the National Housing Trust Fund. The NHTF campaign knows of no other Congressional letter that has received support from organizations all 435 Congressional districts, plus the District of Columbia and Puerto Rico.

WASHINGTON, D.C. - May 13, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA) issued the following comment today, reacting to passage in the Senate of the Landrieu/Isakson and Crapo Amendments to S. 3217, the Restoring American Financial Stability Act of 2010.

Atlanta,GA - May 13, 2010 - (RealEstateRama) -- Prudential Georgia Realty, the companyTrendgraphix says achievedthe highest gains in year-to-year market share for unit sales, sales volume,listing inventory, buyers and listing sales of any large brokerage in metroAtlanta for the 2010 first quarter, continues to expand its presence inside theAtlanta perimeter. Prudential Georgia Realty’s Midtown branch, located near the High Museum, has recentlycompleted a merger with Bo Bridgeport Brokers, a 40-agent boutique real estate agency

NEW YORK, NY - May 13, 2010 - (RealEstateRama) -- Halstead Property Development Marketing announces sales will officially launch tomorrow with the opening of a sales office at Columbia Commons, a newly constructed residential development in Brooklyn’s growing Columbia Street Waterfront District.

New York, NY - May 13, 2010 - (RealEstateRama) -- Lenders sharply cut prime mortgage lending in communities of color in recent years — for both home purchases and refinancing of existing mortgages.

BURLINGTON, VT - May 13, 2010 - (RealEstateRama) -- Proctor Place, a 12-unit elderly housing development in Rutland County’s Town of Proctor, is the first to use funds from Vermont Housing Finance Agency’s (VHFA’s) new pre-development loan program, funded by the MacArthur Foundation.

Tulsa, Ok - May 13, 2010 - (RealEstateRama) -- The Tulsa World reports Oklahoma has the lowest percentage of upside-down mortgages in the country.

PROVIDENCE, RI - May 13, 2010 - (RealEstateRama) -- General Treasurer Frank T. Caprio announced that Wednesday's sale of Rhode Island General Obligation (G.O.) bonds was a tremendous success.

BOSTON, MA - May 13, 2010 - (RealEstateRama) -- AG Coakley has reached settlements with a Fairhaven real estate company and a real estate broker for delivering alleged deceptive notices to tenants living in foreclosed properties in Roxbury and southeastern Massachusetts in an effort to unlawfully break their lease agreements and remove them from the properties. The notices allegedly threatened to remove the tenants and their belongings from the premises if the defendants were not immediately contacted.The Assurances of Discontinuance filed yesterday in Suffolk Superior Court against RE/MAX Classic of Fairhaven and real estate broker Simone Schettino provide a broad range of relief and preventive measures to ensure their future compliance with state and federal consumer protection laws