Monthly Archives: June 2010

McLean, VA - June 15, 2010 - (RealEstateRama) --– HomeSteps®, Freddie Mac's (NYSE:FRE) real estate sales unit, was honored as the nation's top non-bank REO sales organization at the real estate industry's first annual Pinnacle Awards in Dallas on June 6

WASHINGTON, D.C. - June 15, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA), today applauded the National Association of Insurance Commissioner’s (NAIC) for greatly reducing the proposed dramatic increase in risk-based capital (RBC) for life companies.

BURLINGTON, VT - June 15, 2010 - (RealEstateRama) -- In spite of the softening real estate market, Vermonters earning the median income still could not afford the median priced home, according to a new report released today.

New York, NY - June 15, 2010 - (RealEstateRama) -- Harvard University’s Joint Center for Housing Studies released its State of the Nation’s Housing 2010 report on June 14, finding room for optimism about the nation’s housing market while also revealing that recent progress is fragile and highly dependent on continued job growth.

San Francisco, CA - June 15, 2010 - (RealEstateRama) -- Redfin today released new data on the San Francisco Bay Area market showing that the median price of a Bay Area single-family home increased 9.9% from April to May, and 32.8% year over year. The number of house sales that closed increased 10.1% from April to May. As the market enters what is typically its busy summer season, inventory has remained low and even still, competition has decreased, especially for lower-priced homes.

Northeastern, S.D. - June 15, 2010 - (RealEstateRama) -- A good time to help protect your home from the next flood is when you're repairing damage from the last one. For many people in northeastern South Dakota, that time is now

WASHINGTON, D.C. - June 15, 2010 - (RealEstateRama) -- Snapping a string of two consecutive monthly gains, builder confidence in the market for newly built, single-family homes fell back to February levels, before the beginning of the home buyer tax credit-related surge, according to results of the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI dropped five points to 17 in June

Washington, DC - June 8, 2010 - (RealEstateRama) -- Congresswoman Kathy Dahlkemper (PA-3) today announced that the Housing Authority of the City of Erie (HACE) has been awarded a $107,346 grant through the U.S. Housing and Urban Development’s Veteran Affairs Supportive Housing program (HUD-VASH).

More than 320 events celebrated local communities and informed consumers June 5-12, 2010. Washington, DC - June 15, 2010 - (RealEstateRama) -- NeighborWorks America announced that during the 2010 NeighborWorks Week (June 5-12) NeighborWorks America and local NeighborWorks organizations held more than 320 community revitalization and 150 loan modification scam awareness events nationwide.

Washington, D.C. - June 14, 2010 - (RealEstateRama) -- June is National Homeownership Month, and the Independent Community Bankers of America (ICBA) and the nation’s nearly 8,000 community banks want to provide troubled homeowners with the information they need to help them avoid foreclosure.

EUGENE, OR - June 14, 2010 - (RealEstateRama) -- Crested Butte, Colorado real estate broker Channing Boucher has teamed with IDX, Inc. to create an easy-to-use professional website, changing the way he conducts business online. The efficient IDX Broker software syncs Boucher's website directly with Gunnison Country MLS (GCMLS) listings, to display a comprehensive real estate listings database from the convenience of the Benson Sotheby's International website. Combining GCMLS listings with the properties Boucher represents gives home seekers in and around Crested Butte the most in depth and reliable online property search around.

EUGENE, OR - June 14, 2010 - (RealEstateRama) -- Crested Butte, Colorado real estate broker Channing Boucher has teamed with IDX, Inc. to create an easy-to-use professional website, changing the way he conducts business online. The efficient IDX Broker software syncs Boucher's website directly with Gunnison Country MLS (GCMLS) listings, to display a comprehensive real estate listings database from the convenience of the Benson Sotheby's International website. Combining GCMLS listings with the properties Boucher represents gives home seekers in and around Crested Butte the most in depth and reliable online property search around.

EUGENE, OR - June 14, 2010 - (RealEstateRama) -- Crested Butte, Colorado real estate broker Channing Boucher has teamed with IDX, Inc. to create an easy-to-use professional website, changing the way he conducts business online. The efficient IDX Broker software syncs Boucher's website directly with Gunnison Country MLS (GCMLS) listings, to display a comprehensive real estate listings database from the convenience of the Benson Sotheby's International website. Combining GCMLS listings with the properties Boucher represents gives home seekers in and around Crested Butte the most in depth and reliable online property search around.

EUGENE, OR - June 14, 2010 - (RealEstateRama) -- Real estate broker Jimmy Nevius has chosen to update his professional website with the revolutionary IDX Broker software created by IDX, Inc. The unique search capabilities afforded to Nevius' clients with the new customized Internet Data Exchange (IDX) technology, allows home seekers to scan thousands of properties in the Greater Las Vegas MLS (GLVAR) from the convenience of Nevius' own website.

EUGENE, OR - June 14, 2010 - (RealEstateRama) -- Real estate broker Jimmy Nevius has chosen to update his professional website with the revolutionary IDX Broker software created by IDX, Inc. The unique search capabilities afforded to Nevius' clients with the new customized Internet Data Exchange (IDX) technology, allows home seekers to scan thousands of properties in the Greater Las Vegas MLS (GLVAR) from the convenience of Nevius' own website.

EUGENE, OR - June 14, 2010 - (RealEstateRama) -- Kirby Nicol, CEO of Capitola Realty, has partnered with IDX, Inc. to revolutionize his professional website, bringing potential home buyers in Capitola, California the most comprehensive search available online. Through the MLSListings database, Nicol's clients can access thousands of coastal California listings from the convenience of Nicol's own website. Never before has searching for a home online been easier for both agents and potential buyers.

EUGENE, OR - June 14, 2010 - (RealEstateRama) -- IDX, Inc. is pleased to announce the new addition of Miami Realtor Rafael Rodriquez and the Foster & Clark Real Estate team to the growing number of professionals updating their websites with the revolutionary IDX Broker software. The easy-to-use Internet Data Exchange (IDX) technology integrates Greater Miami and the Beach MLS (GMBMLS) raw listing data with the listings Rodriguez represents, giving Miami residents and home seekers a comprehensive search package. Rodriguez can now sit back and relax as the IDX Broker software changes the way he manages his online real estate business.

CHICAGO, IL - June 14, 2010 - (RealEstateRama) -- Governor Pat Quinn opened the Rosa Parks Apartments, newly-built rental property that will provide affordable homes for 94 families. The multi-million dollar project was funded in part by $9.8 million from the federal American Recovery and Reinvestment Act (ARRA) and $2.2 million in state funds from the Illinois Housing Development Authority (IHDA) and the Illinois Department of Commerce and Economic Opportunity (DCEO)

WASHINGTON, D.C - June 14, 2010 - (RealEstateRama) -- Congresswoman Doris Matsui (D-Sacramento) voted to help families realize the dream of homeownership, save taxpayers money, and protect Americans from mortgage fraud by passing H.R. 5072, legislation that institutes reforms to the Federal Housing Administration (FHA). The Federal Housing Administration Reform Act is part of a larger commitment of Rep. Matsui and her colleagues to provide working Americans and small businesses in Sacramento with the tools to drive our economic recovery.

Salisbury, MD - June 14, 2010 - (RealEstateRama) -- RE/MAX Premier Properties agent, Christal Marshall, recently earned her Associate Broker degree, taking her real estate career to new heights after joining RE/MAX Premier Properties in January 2010

WASHINGTON, DC - June 14, 2010 - (RealEstateRama) -- U.S. Congressman John Salazar announced that $139,962 in federal funding has been appropriated to help homeless veterans in the Grand Junction area find housing. The funding was made available through the 2010 Omnibus Appropriations Act. Congressman Salazar serves on the House Appropriations Committee which oversees the distribution of federal appropriation funding. The $139,962 is going to the Grand Junction Housing Authority which has partnered with the Grand Junction VA Medical Center to provide rental assistance vouchers under a supportive housing program for homeless veterans

WASHINGTON, DC - June 14, 2010 - (RealEstateRama) -- U.S. Congressman John Salazar announced that $139,962 in federal funding has been appropriated to help homeless veterans in the Grand Junction area find housing. The funding was made available through the 2010 Omnibus Appropriations Act. Congressman Salazar serves on the House Appropriations Committee which oversees the distribution of federal appropriation funding. The $139,962 is going to the Grand Junction Housing Authority which has partnered with the Grand Junction VA Medical Center to provide rental assistance vouchers under a supportive housing program for homeless veterans

WASHINGTON, DC - June 14, 2010 - (RealEstateRama) -- U.S. Congressman John Salazar announced $2,721,000 in federal funding to help moderate to very low income residents in the Pueblo area find housing. The funding comes in the form of two federal grants; one Community Development Block Grant for $1,799,904 and a HOME grant for $921,097. In 2009 Congressman Salazar was appointed to serve on the House Appropriations Committee which oversees the distribution of federal appropriation funding. The $2,721,000 is going to the Pueblo Department of Housing and Citizen Services

McLean, VA - June 14, 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 4.72 percent with an average 0.7 point for the week ending June 10, 2010, down from last week when it averaged 4.79 percent. Last year at this time, the 30-year FRM averaged 5.59 percent.

WASHINGTON, D.C. - June 14, 2010 - (RealEstateRama) -- Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association (MBA), today applauded passage in the House of Representatives of H.R. 5072, the FHA Reform Act of 2010.

IRVINE, CA - June 14, 2010 - (RealEstateRama) -- RealtyTrac® (http://www.realtytrac.com/gateway_co.asp?accnt=137300), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for May 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 322,920 properties in May, a 3 percent decrease from the previous month and an increase of less than 1 percent from May 2009. One in every 400 U.S. housing units received a foreclosure filing during the month.

Washington, D.C.- June 14, 2010 - (RealEstateRama) -- The American Institute of Architects (AIA) applauded the U.S. Conference of Mayors’ endorsement today of the International Green Construction Code (IGCC), a comprehensive set of requirements intended to reduce the negative impact of buildings on the natural environment while maintaining safety standards and increasing long term peak performance.The Mayors’ Conference endorsement today of the IGCC at its annual meeting is a major expression of support from an organization outside of the building and construction industry. Such resolutions document support for a policy and represent ways for mayors to learn about and support policies nationally that they are free to adopt in their communities.

June 14, 2010 - (RealEstateRama) -- For another year, the nation’s mortgage foreclosure crisis continued to complicate U.S. cities’ efforts to manage and dispose of growing inventories of vacant and abandoned properties, according to the most recent survey of mayors conducted by The U.S. Conference of Mayors and released today during the organization’s annual meeting in Oklahoma City. Today’s report is the fourth in the Conference’s series on cities’ efforts to combat problems of vacant and abandoned property.

WASHINGTON, DC - June 14, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding contracts to 23 companies to serve as Asset Managers (AM) and 32 other firms to serve as Field Service Managers (FSM) under the third generation of its Management and Marketing (M&M) program, known as M&M III. The new contracts announced today are intended to reduce risk, increase sale prices and accelerate the pace of reselling HUD's inventory of foreclosed FHA homes.

WASHINGTON, DC - June 14, 2010 - (RealEstateRama) -- The U.S. Department of Energy announced today that 20 communities have been selected for more than $60 million in funding under the American Recovery and Reinvestment Act to implement local energy efficiency and renewable energy programs that will reduce energy use by American homes, vehicles, and businesses. Local governments, nonprofit organizations and quasi-governmental organizations are among the recipients for the competitive grants, administered under the Department of Energy's Energy Efficiency and Conservation Block Grant (EECBG) program.