Monthly Archives: December 2011

New-Home Production Rises 9.3 Percent in November

WASHINGTON, D.C. - December 20, 2011 - (RealEstateRama) -- Production of new single-family homes and apartments rose 9.3 percent to a seasonally adjusted annual rate of 685,000 units in November, according to figures released by the U.S. Commerce Depar...

Voit Real Estate Services Appoints Susan Doris To Grow Its Asset Management Portfolio In...

SACRAMENTO, Calif., (December 19, 2011) –Voit Real Estate Services has hired Susan Doris as an Asset Manager in its Sacramento office to increase the company’s Asset Services business in Northern California and Reno, according to Kevin Sheehan, Man...

NEW LAWS TO IMPACT CALIFORNIA HOMEOWNERS NEXT YEAR

LAGUNA HILLS, CA - December 20, 2011 - (RealEstateRama) -- From rental restrictions to electric vehicles and electronic meeting notices, Californians living in homeowners associations will see several new laws governing their communities starting Janua...

HUD sets 2012 Rent & Income Limits for Section 8 and Low-Income Housing Tax...

WASHINGTON, D.C. - December 20, 2011 - (RealEstateRama) -- The Housing and Economic Recovery Act (HERA) of 2008 made statutory changes to how income limits are calculated for LIHTC and bond-financed properties. HERA protected owners from rent decrease...

CUSHMAN & WAKEFIELD’S JIM DIETER TO ADDRESS CHICAGO REAL ESTATE FORECAST CONFERENCE

CHICAGO, IL - December 20, 2011 - (RealEstateRama) -- Jim Dieter, executive vice president of Cushman & Wakefield, Inc. and head of the firm’s National Industrial brokerage platform, is slated to address Chicago’s 10th Annual Commercial Real Es...

MBA Urges House to Vote Down Payroll Tax Extension

WASHINGTON, DC - December 20, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today urged members of the U.S. House of Representatives to vote against the Senate-passed bill that would extend the payroll tax holiday for two months by ...

Hodgdon Group Completes 12th Retail Project for Ashley Furniture HomeStore at Northridge Fashion Center...

COLTON, CA - December 20, 2011 - (RealEstateRama) -- The Hodgdon Group, a full-service real estate brokerage, development and construction firm, announced today that it has completed construction on the conversion of the former Levitz building at North...

Best Real Estate Market Forecasts Released

Destin, FL - December 20, 2011 - (RealEstateRama) -- The best real estate markets for 2012 have been released by Housing Predictor, which forecasts the 25 best and 25 worst housing markets annually. The cities selected have the highest probability of r...

Staying in Front of the Real Estate Career Curve

December 20, 2011 - (RealEstateRama) -- During the launch of our new commission plan, I tried to take the perspective of someone considering our new program. I came to think the biggest obstacle many North Carolina Realtors will face is the problem of...

Kill Devil Hills Oceanfront Home Absorption Rate

Outer Banks, NC - December 19, 2011 - (RealEstateRama) -- For those interested in selling their Kill Devil Hills oceanfront home, right now is not a bad time to give it a try. Jumbo loans are available and there are plenty of people with down payment m...

VOIT COMPLETES TWO INDUSTRIAL OWNER/USER SALES ENCOMPASSING 48,000 SQUARE FEET IN GREATER LOS...

Los Angeles, CA - December 19, 2011 - (RealEstateRama) -- Voit Real Estate Services’ Anaheim office has completed two industrial property sales encompassing 47,620 square feet for a total consideration of $4.8 million in Greater Los Angeles.

Rahall: FEMA Funding Awarded for Raleigh County Flood Damage

WASHINGTON, D.C. - December 19, 2011 - (RealEstateRama) -- U.S. Rep. Nick Rahall (D-W.Va.) Friday announced federal flood recovery monies for Raleigh County, enabling long-term hazard mitigation measures to move forward for homes damaged by flooding in...

$28 million in judgments entered following consumer protection lawsuit in wide-reaching Central PA mortgage...

HARRISBURG - December 19, 2011 - (RealEstateRama) -- Attorney General Linda Kelly today announced that a consumer protection lawsuit filed against several employees linked to OPFM ? a defunct financial services company operating in Reading and Lancaste...

Tax Cuts and Property Tax Cap Highlight New Laws That Take Effect January 1,...

New York, NY - December 19, 2011 - (RealEstateRama) -- Middle class tax cuts that will reduce tax rates for millions of hardworking taxpayers and the two-percent property tax cap highlight new state laws that will go into effect on January 1, 2012.

Job Opening: Housing Quality Standards-Certified Housing Inspector

December 19, 2011 - (RealEstateRama) -- A multiple-year housing subsidy program, sponsored by the City of Philadelphia's Office of the Deputy Mayor for Health and Opportunity and Department of Behavioral Health and Intellectual Disability Services, and...

Brown Announces that Ohio Will Receive More Than $165 Million in Home Heating Assistance...

WASHINGTON, D.C. - December 19, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) today announced that Ohio is set to receive more than $165 million in home heating assistance funds during Fiscal Year 2012—more than $8 million more than it wo...

ARRA Funds to Help Reduce Energy Costs in Buildings; Building Operations Staff Encouraged to...

December 19, 2011 - (RealEstateRama) -- Managers of buildings and properties in Montgomery County or building staff who reside in the County are encouraged to sign up for an energy management training program that will help them reduce the operating co...

Dee Chirafisi and Deviree Vallejo of Kentwood City Properties Now Marketing Unique Detached Homes...

DENVER, CO - December 19, 2011 - (RealEstateRama) -- Dee Chirafisi and Deviree Vallejo of Kentwood City Properties have announced the opening of sales at Boardwalk31, an exciting new residential development at the corner of 31st and Irving in Denver’...

Denver Woman Found Guilty in Mortgage Fraud Scam

DENVER, CO - December 19, 2011 - (RealEstateRama) -- After deliberating for less than four hours, a federal court jury found Vicki Dillard Crowe, aka Vicki R. Dillard, age 32, of Denver, guilty of mail and wire fraud in connection with a mortgage fraud...

Home Builders Still Supporting Communities, Despite Downturn

WASHINGTON, D.C. - December 19, 2011 - (RealEstateRama) -- During the holidays, many Americans pause to reflect on the year that is coming to an end. There was no relief in 2011 for the home building industry, which has been devastated by the economic ...

BETTER WATCH OUT! SAN DIEGO COUNTY SHERIFF OFFERS TIPS TO AVOID GRINCHY CROOKS AND...

VISTA, CA - December 19, 2011 - (RealEstateRama) -- San Diego may rank 9th amongst Forbes Magazine’s list of “America’s Top 10 Safest Cities”, yet San Diego County Sheriff Bill Gore warns, “Criminals don’t take the holidays off. In fact, ...

Builder Confidence Rises for the Third Consecutive Month

WASHINGTON, D.C. - December 19, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes edged up two points from a downwardly revised number to 21 on the National Association of Home Builders/Wells Fargo Housing...

Report: Foreclosure Counseling Nearly Doubles Chances of Mortgage Modification, Reduces Likelihood of Re-default by...

Washington, DC - December 19, 2011 - (RealEstateRama) -- A report issued today by NeighborWorks America prepared by the Urban Institute on the consumer benefits of the National Foreclosure Mitigation Counseling (NFMC) Program shows that homeowners who ...

November market report data correction

COLUMBIA, S.C. - December 19, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) released its November 2011 statewide market reports last week, which included an error in the MLS statistics for Greater Columbia. The original statewide report sh...

Former Destin Mortgage Broker Convicted by Jury on Federal Bank Fraud and Bribery Counts

PENSACOLA, FL - December 19, 2011 - (RealEstateRama) -- Pamela C. Marsh, United States Attorney for the Northern District of Florida, announced that Destin resident Randolph Branham (age 45) was convicted yesterday of conspiracy to commit bank fraud an...

Hartley Welcomes State Funds for Waterbury Housing, Stadium Upgrades

December 19, 2011 – (RealEstateRama) — State Senator Joan V. Hartley (D-Waterbury) today announced final approval for—and allocation of—state funding to assist with two Waterbury projects. One grant—for $1.38 million—will result in ...

CT REALTY CO-FOUNDER ROBERT M. CAMPBELL PASSES AWAY

ALISO VIEJO, CA - December 19, 2011 - (RealEstateRama) -- Robert M. “Bob” Campbell, one of the most influential leaders in the California commercial real estate industry for more than four decades, passed away on Dec. 15, 2011, in Newport Beach, Ca...

Energy Department Announces Major Recovery Act Milestone: 600,000 Homes Weatherized Three Months Ahead of...

Washington, D.C. - December 19, 2011 - (RealEstateRama) -- U.S. Energy Secretary Steven Chu today announced that states and territories across the nation have reached the goal of weatherizing more than 600,000 low-income homes– including more than 12...

Southern Shores Oceanfront Home Absorption Rate

Outer Banks, NC - December 17, 2011 - (RealEstateRama) -- You don' t see a whole lot of turnover along the Southern Shores oceanfront. People who own beachfront homes in Southern Shores tend to hold onto their properties longer than their contemporarie...

National Homeless Numbers Decline from 2010 to 2011

WASHINGTON, D.C. - December 16, 2011 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) reported a 2.1 percent decline in the number of people experiencing homelessness on a given night in January 2011. The number of homel...

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families