Monthly Archives: August 2011

WASHINGTON, D.C. - August 23, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes held virtually unchanged in July with a 0.7 percent dip from the previous month to a seasonally adjusted annual rate of 298,000 units, according to newly released data from the U.S. Commerce Department."The fact that new-home sales fell by less than one percent in July is an indication of how little conditions have changed in the housing market," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "While new-home inventories are exceptionally thin, home builders are still competing with large numbers of foreclosed and distressed homes on the market and a climate of uncertainty in which consumers are reluctant to go forward with a major purchase for fear of what economic news tomorrow might bring."

Destin, FL - August 23, 2011 - (RealEstateRama) -- Standard and Poor's U.S. credit downgrade seriously shakes the confidence that a recovery in the U.S. real estate market will develop, according to a new Housing Predictor poll

MILFORD, CT - August 23, 2011 - (RealEstateRama) -- TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today it has launched a new flexible Jumbo Mortgage Product into the wholesale marketplace to provide Mortgage Brokers with an important solution for their clients in need of a jumbo mortgage for either a purchase or refinancing transaction.

EUGENE, OR - August 23, 2011 - (RealEstateRama) -- IDX, Inc. and John Cotten have joined forces to present Austin, Texas property listings and foreclosure services in one convenient and easy-to-use online real estate resource. Cotten has proven himself as a smarter broker by integrating an IDX solution onto his website; syncing his customizable search page to thousands of Austin MLS (ACTRIS) listings.

WASHINGTON, DC - August 23, 2011 - (RealEstateRama) --– The U.S. Department of Housing and Urban Development today awarded more than $28 million to 46 rural and tribal communities throughout the nation to address distressed housing conditions and concentrated poverty.

ELIZABETHTOWN, PA - August 22, 2011 - (RealEstateRama) -- Commercial real estate services firm Cushman & Wakefield, Inc. has brokered a long-term, 111,000-square-foot industrial lease to MWI Veterinary Supply, Inc. at 1499 Zeager Road in Elizabetht...

JEFFERSON CITY, MO - August 22, 2011 - (RealEstateRama) -- State Treasurer Clint Zweifel (ZWY-ful) today renewed his call for the state’s housing commission to approve using 33 percent of its housing tax credits resources, or about $122 million i...

August 22, 2011 - (RealEstateRama) -- Montgomery County’s Department of Housing and Community Affairs, the Maryland Department of Housing and Community Development and the City of Gaithersburg will co-host HomeFree-USA’s free workshop on Saturday, August 27, to assist persons faced with possible mortgage foreclosures. The workshop will take place at 610 East Diamond Avenue, Gaithersburg.

BATON ROUGE, LA - August 22, 2011 - (RealEstateRama) -- Governor Bobby Jindal issued an Executive Order today detailing homeowner protections for the Hazard Mitigation Grant Program.

Kapolei, HI - August 22, 2011 - (RealEstateRama) -- Congresswoman Mazie K. Hirono (D-Hawaii) today hosted the first of two free community events titled, “You’re Not Alone: Community Resources for Foreclosure and Fraud Prevention.”

JACKSONVILLE, FL - August 22, 2011 - (RealEstateRama) -- U.S. Attorney Robert E. O’Neill announces that Cynthia Darlene Strickland (age 45, Jacksonville) pleaded guilty on Thursday to bank fraud. Strickland was a licensed title agent and the owner of Premier Title Group, Inc., a title agency in Jacksonville. She faces a maximum penalty of 30 years in federal prison.

NEW YORK CITY, NY - August 22, 2011 - (RealEstateRama) -- Jackobin Consulting Services, Inc., a consultancy firm that provides project management, staffing, and web services for technical companies, has leased 6,500 square feet at 1150 Avenue of the Americas, according to Corey Abdo, executive vice president and principal of Winoker Realty.

NEW YORK CITY, NY - August 22, 2011 - (RealEstateRama) -- The former home of Oceana restaurant at 55 East 54th Street off Madison Avenue has been leased on a long-term basis to a partnership that – after a nearly two-year search – plans to turn the 8,300-square-foot space into a striking new four-level Mediterranean food destination. Sierra Realty Corp.’s Executive Vice President Peter Braus and Managing Director Brad Schwarz represented the landlord, and Gregory Tannor of CBRE represented the tenant

NEW YORK CITY, NY - August 22, 2011 - (RealEstateRama) -- Sierra Realty Corp. has increased its focus on the property management segment of its business of late, and results have been fruitful in both Manhattan and the surrounding boroughs, according to Sierra President James Wacht.

Las Vegas, NV - August 22, 2011 - (RealEstateRama) -- The Ballen Group, Leading short sale agents in Las Vegas at Keller Williams Realty Las Vegas, have solved another short sale problem for a Nevada Homeowner facing foreclosure.

Santa Barbara, CA - August 22, 2011 - (RealEstateRama) -- Robert Bushman, the CEO of Solarsilicon Recycling Services, was awarded the Pacific Coast Business Times Spirit of Small Business Award August 18, at its annual luncheon award ceremony.

NEW YORK, NY - August 22, 2011 - (RealEstateRama) -- The Children’s Museum of the Arts (CMA) will open its new, expanded space at 103 Charlton Street on Oct. 1, 2011. The 10,000-square-foot former loading dock, located in the Hudson Square neighborhood west of SoHo, will triple the museum’s size and enable it to dramatically expand its arts programming.

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CAMARILLO, CA - August 22, 2011 - (RealEstateRama) -- Lee & Associates-LA North/Ventura Principals Grant Harris, Grant Fulkerson and Robert Shafer transacted an 85,000 square foot industrial lease to Perfect Promotional Products in Mission Oaks Business Park in Camarillo, CA after fielding several proposals on the building.

WASHINGTON, D.C. - August 22, 2011 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.44 percent of all loans outstanding as of the end of the second quarter of 2011, an increase of 12 basis points from the first quarter of 2011, and a decrease of 141 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 32 basis points to 8.11 percent this quarter from 7.79 percent last quarter.

EUGENE, OR - August 22, 2011 - (RealEstateRama) -- IDX, Inc. has integrated the dynamic IDX Broker software onto the website of Virginia Realtor Jim Vertrees. Metropolitan Regional Information Systems (MRIS) listings are now seamlessly displayed on the...

WASHINGTON, D.C. - August 22, 2011 - (RealEstateRama) -- The Mortgage Bankers Association's (MBA) Economic and Mortgage Finance Forecasts released today project $1.1 trillion in residential mortgage origination volume in 2011, roughly $100 billion more than earlier forecasts, as low mortgage rates have brought in higher than expected refinance volume, while purchase volume has been less than anticipated. However, despite lower forecasted mortgage rates, weaker projected economic growth in 2012 led to a reduction in MBA's origination forecast for that year to $931 billion, which would be the lowest volume originated since 1997.

New York, NY - August 22, 2011 - (RealEstateRama) -- Keller Williams NYC (www.kwnyc.com), the Manhattan franchise of leading real estate firm Keller Williams Realty Inc., has announced the appointment of Dudi Silberberg, Founder of the DS Group, as a licensed real estate salesperson.

EUGENE, OR - August 22, 2011 - (RealEstateRama) -- Memphis, Tennessee area properties are now conveniently displayed on one easy-to-use website, thanks to the partnership between IDX, Inc. and Jeremy Helton. Memphis MLS (MAARMLS) listings are synced se...

Washington, D.C. - August 22, 2011 - (RealEstateRama) -- The American Institute of Architects (AIA) Academy of Architecture for Health (AAH) has selected the recipients of the AIA National Healthcare Design Awards program. The AIA Healthcare Awards program showcases the best of healthcare building design and healthcare design-oriented research. Projects exhibit conceptual strengths that solve aesthetic, civic, urban, and social concerns as well as the requisite functional and sustainability concerns of a hospital.

WASHINGTON, DC - August 22, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development today published a notice seeking a qualified partner to help launch, and then manage, a pilot fellowship program to support the Administration’s Strong Cities, Strong Communities Initiative. Initially funded through a $2.5 million donation from the Rockefeller Foundation, HUD’s partner will select, train, and place public service-minded ‘social innovators’ to serve multi-year terms in local government positions to help stimulate economic development and employment.

BARNEGAT, N.J. - August 22, 2011 - (RealEstateRama) -- Walters Homes has sold out its current inventory of eco-friendly townhouses at Whispering Hills. Pre-construction sales are currently underway on six units in Building 10, slated for construction in October 2011.

Miami, FL - August 22, 2011 - (RealEstateRama) -- The Federated Companies, a leading national real estate investment and development firm, is pleased to announce that its Founder/Chairman, Jonathan Cox, has been named as one of four finalists in the South Florida Business Journal's 2011 Entrepreneur Awards, $1 to $10 Million Revenue category. Mr. Cox founded The Federated Companies in 1999 with the vision of creating a vertically integrated organization capable of developing and constructing institutional quality assets while maintaining the agility and cost controls of a smaller organization.

WASHINGTON, DC - August 22, 2011 - (RealEstateRama) -- Never in the history of the Federal Housing Administration has there been such demand for FHA-insured financing to build, rehabilitate or refinance multifamily apartment properties. FHA today announced that it has endorsed $10.5 billion in multifamily rental housing loans since last October, with another month-and-a-half remaining in the fiscal year.

LAS VEGAS, NV - August 22, 2011 - (RealEstateRama) -- In today’s economy, every penny counts. The Myers Team with the Caliber Realty Group recognizes that there are many homeowners in Las Vegas who still have equity and do NOT need to do a short sale. While real estate commissions are negotiable, the fact remains that most real estate companies still charge a 6% commission to sell your home, even though Las Vegas home values have depreciated by 50% or more. Additionally, many Brokers feel it is acceptable to charge a “transaction fee” on top of the commission (a.k.a. document fees, storage fees, compliance fees, etc.) and these fees can range anywhere from $400.00 – $700.00. Why pay top dollar to sell your home when you can get BETTER SERVICE, BETTER MARKETING and BETTER RESULTS for less?