Yearly Archives: 2011

IBHS Offers New Guidelines Aimed at Reducing Earthquake Damage to Property

Tampa, FL - January 18, 2011 - (RealEstateRama) -- The Institute for Business & Home Safety (IBHS) today announced the availability of new guidelines to protect property from the effects of earthquakes. This week marks the 17th anniversary of the devastating 6.7 magnitude Northridge earthquake in California

CLOSINGS AND MOVE-INS HAVE BEGUN AT COLUMBIA COMMONS: FAST- SELLING CONDO DEVELOPMENT IN BROOKLYN’S...

New York, N.Y. - January 18, 2011 - (RealEstateRama) -- Halstead Property Development Marketing today announced that closings and move-ins have begun at Columbia Commons, a new residential development in Brooklyn’s Columbia Street Waterfront District.

2011 Marks Move from Fragile Recovery to Firmer Expansion According to Fannie Mae’s Economics...

WASHINGTON, DC - January 18, 2011 - (RealEstateRama) -- Thanks to strengthening in consumer spending and growing policy clarity at the end of 2010, the economy is finally poised to accelerate and sustain above-par, less volatile growth, according to the January 2011 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. The economy is expected to grow by 3.6 percent in 2011, compared to an estimated 2.8 percent in 2010. The group expects some increase in housing activity during 2011, however, a growth-oriented view of housing is not expected until 2012.

Freddie Mac Releases 27th Annual ARM Survey Results

McLean, VA - January 18, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its 27th Annual Adjustable-Rate Mortgage (ARM) Survey of prime loan offerings, which was conducted January 3 to January 5 of this year

Connecticut Real Estate Investors Assn (CT REIA) Announces 2011 New Real Estate Investor Workshop...

West Hartford, CT - January 18, 2011 - (RealEstateRama) -- The Connecticut Real Estate Investors Association, or CT REIA, is announcing the start of its 3-day new investor workshop program. This program will begin on Thursday, February 3, 2011. Additional dates for the program are Thursday February 10 and Thursday February 17. This workshop will take place at the Comfort Inn, 900 East Main Street, Meriden, CT from 6:00pm to 9:00pm. Tuition for this 3-day program is $140 for CT REIA Members, and $180 for non-members.

FHFA Announces Joint Initiative to Consider Alternatives for a New Mortgage Servicing Compensation Structure

Washington, DC - January 18, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to work on a joint initiative, in coordination with FHFA and the Department of Housing and Urban Development (HUD), to consider alternatives for future mortgage servicing structures and servicing compensation for their single-family mortgage loans.

Atrium Realty Group displays IDX enabled search tools on its revolutionary real estate search...

EUGENE, OR - January 18, 2011 - (RealEstateRama) -- Texas broker Michael Yarrito has teamed up with IDX, Inc. to pair his knowledge of the Dallas-Fort Worth real estate market with the dynamic IDX Broker software. Yarrito now hosts a complete and thorough online real estate search courtesy of his IDX solution. By adding the IDX technology, Yarrito displays thousands of North Texas Real Estate Info Systems (NTREIS) listings directly on his website, giving home seekers more options than ever before to search for a property online

Builder Confidence Remains Unchanged In January

WASHINGTON, D.C. - January 18, 2011 - (RealEstateRama) -- Builder confidence in the market for newly built, single-family homes held unchanged at a relatively low level of 16 for a third consecutive month in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today."As we emerge from the traditionally slow holiday season, builders continue to look for signs of improvement in the economy, home buyer demand and builder and consumer credit conditions," said 2011 NAHB Chairman Bob Nielsen, a home builder from Reno, Nev. "Unfortunately, a severe lack of construction financing, and widespread difficulties in obtaining accurate appraisal values, continue to limit builders' ability to prepare for anticipated improvements in buyer demand in 2011."

Senate committee continues hearings on homelessness

STATE HOUSE - January 17, 2011 - (RealEstateRama) -- The Senate Committee on Housing & Municipal Government will hold the second in a series of hearings on the homelessness crisis in Rhode Island on Thursday, January 20, from 4:30 to 6:30 p.m. in the Senate lounge

Arlington Real Estate Rebounds; Property Values up 6.3% Overall

ARLINGTON, VA - January 17, 2011 - (RealEstateRama) -- Arlington’s 2011 real estate assessments are up 6.3% overall, nearly erasing last year’s decline of 7.2%. The commercial sector, including office and apartment properties, showed particular strength, gaining 12% and nearly recouping last year’s decline of almost 13%

State housing agency making $45 million available through innovative first time homebuyer program

AUSTIN, TX - January 17, 2011 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) this week released $45 million in mortgage credit certificate authority through its Texas Mortgage Credit Program, an innovative homebuyer program that makes homeownership more affordable by providing a dollar for dollar reduction of a borrower’s tax liability, not to exceed $2,000 annually.The credit authority will allow the Department to provide tax credits on approximately $150 million worth of mortgage loans, which it estimates will help approximately 1,000 eligible households purchase a home of their own once they complete a certified homebuyer education class.

SCHUMER ANNOUNCES OVER $473 MILLION IN HOME HEATING AID COMING TO NEW YORK STATE...

New Yorker, NY - January 17, 2011 - (RealEstateRama) -- As New Yorkers are being blasted with freezing temperatures and record snowfall, U.S. Senator Charles E. Schumer today announced the Department of Health and Human Services (HHS) is releasing funds provided by Congress to help Long Island seniors and low income families deal with heating bills this winter. As part of the Low Income Home Energy Assistance Program’s (LIHEAP) block grants, New York State is set to receive a total of $473 million. In 2010, 25,297 households in Nassau and 60,527 households in Suffolk received the benefit, and similar numbers of households are expected to receive the benefit this year. Due to the recession and the recent bitter cold spell and winter weather that has gripped New York, Schumer today said that releasing these resources is essential for Long Island families and seniors who struggle to heat their homes.

MAYOR BLOOMBERG, SPEAKER QUINN AND HOUSING COMMISSIONER CESTERO LAUNCH PROACTIVE HOUSING PRESERVATION INITIATIVE

New York, NY - January 17, 2011 - (RealEstateRama) -- Mayor Michael R. Bloomberg, City Council Speaker Christine Quinn and Department of Housing Preservation and Development Commissioner Rafael E. Cestero today launched the Proactive Preservation Initiative, a new, aggressive approach to identify and address deteriorating physical conditions in multifamily buildings throughout the City before they reach a state that endangers the health and safety of residents and threatens the quality of the surrounding neighborhood.

MAYOR BLOOMBERG SIGNS LEGISLATION MODIFYING THE ALTERNATIVE ENFORCEMENT PROGRAM AT THE DEPARTMENT OF HOUSING...

New York, NY - January 17, 2011 - (RealEstateRama) -- "The first of two bills before me today is Introductory Number 436-A, sponsored by Council Members Mendez, James, Brewer, Chin, Dromm, Lander, Mark-Viverito, Seabrook, Vann, Williams, Jackson, Rodriguez, Nelson, Arroyo, Rose, Lappin, Gennaro, Recchia, Fidler, Barron, Gardonick, Gonzalez, Greenfield, Koppell, Reyna, and Sanders. Introductory Number 436-A makes changes to the Alternative Enforcement Program.

Justice Center analysis: About 1 in 63 housing units in North Carolina were in...

RALEIGH, NC - January 17, 2011 - (RealEstateRama) -- North Carolina broke the state foreclosure filing record in 2010. And according to an analysis released today by the NC Justice Center, approximately one in every 63 housing units in North Carolina faced foreclosure filings last year

AFFORDABLE HOUSING REFORM STILL FLAWED AFTER LAST MINUTE AMENDMENT

January 17, 2011 - (RealEstateRama) -- After adding a technical amendment on Monday, both the State Senate (on a vote of 21 in favor and 16 opposed) and the General Assembly (45-32) passed S-1, which would abolish the Council on Affordable Housing (COAH) and transfer its duties to the Department of Community Affairs (DCA). The bill includes further substantive and procedural reforms relating to the provision of sufficient safe and affordable housing.

MENENDEZ, LAUTENBERG ANNOUNCE NEARLY $1 MILLION FOR HOUSING ASSISTANCE IN NEW JERSEY

WASHINGTON, D.C. - January 17, 2011 - (RealEstateRama) -- U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced the New Jersey Department of Community Affairs (DCA) will receive $936,420 in federal Housing and Urban Development (HUD) funding to help non-elderly residents with disabilities move from nursing homes to independent living

Lautenberg, Menendez Announce Nearly $1 Million For Housing Assistance In New Jersey

WASHINGTON, D.C. - January 17, 2011 - (RealEstateRama) -- U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced the New Jersey Department of Community Affairs (DCA) will receive $936,420 in federal Housing and Urban Development (HUD) funding to help non-elderly residents with disabilities move from nursing homes to independent living.

Builders Challenge Participants Paving the Way to More Affordable Energy Efficiency

WASHINGTON, D.C. - January 17, 2011 - (RealEstateRama) -- Three National Association of Home Builders (NAHB) members, home builders and remodelers who are certifying their projects to the federal Department of Energy’s Builders Challenge program say that affordability, not cutting-edge technology, is key to their ability to seal the deal with home buyers.The builders spoke at press conference during the NAHB International Builders’ Show, which observed its fourth annual Green Day on Jan. 13.

Foreclosed homes available online through dynamic IDX enabled Texas search page and agent Abe...

EUGENE, OR - January 17, 2011 - (RealEstateRama) -- Dallas-Fort Worth real estate agent Abe Issa has partnered with IDX, Inc. to bring a revolutionary real estate website to home seekers around Texas. Now, IDX Broker syncs with the website Issa hosts to display thousands of North Texas Real Estate Info Systems (NTREIS) on the search page Issa employs. The online property search has never been easier or simpler than it currently is for potential buyers who chose to utilize the IDX enabled website of Issa.

Governor Steve Beshear’s Communications Office

FRANKFORT, KY - January 17, 2011 - (RealEstateRama) -- Governor Steve Beshear today announced his authorization of the immediate distribution of $27 million in federal appropriations to be allocated to the Low Income Home Energy Assistance Program (LIHEAP)

Delegation Announces Grants to Alaska Programs

Washington D.C. - January 17, 2011 - (RealEstateRama) -- The Alaska Congressional Delegation is pleased to announce the following grants and contracts awarded to communities in the State of Alaska

2011 New American Home Combines Elegance with Green Innovation

WASHINGTON, D.C. - January 17, 2011 - (RealEstateRama) -- The 2011 edition of The New American Home (TNAH) features leading-edge green building technology woven seamlessly into the elegant architecture of the well-crafted house. The home has achieved “Emerald” status under the National Green Building Standard certification program.Featuring American Empire design with Greek Revival elements, the home combines an inviting layout with graceful style, eccentric interiors and easy classicism. Built in a quiet Orlando neighborhood, it offers lake views with the Orlando skyline beyond.

Housing Moving to Higher Ground in 2011

WASHINGTON, D.C. - January 17, 2011 - (RealEstateRama) -- Housing will see gradual improvements in activity this year as the nation’s economy and job market continue to move to higher ground, establishing momentum that will produce more considerable gains in 2012, according to economists who appeared at the NAHB International Builders’ Show in Orlando on Jan.

MORNINGSIDE OF FULLERTON COMPLETES EXPANSION, RENOVATION

FULLERTON, CA - January 17, 2011 - (RealEstateRama) -- Morningside, the award-winning continuing care retirement community in Fullerton, Calif., has completed a $2 million expansion and renovation of its Lakeview Hall, lake and surrounding courtyard features. The renovation of Lakeview Hall, which serves as Morningside’s community center for major events, theatrical productions, musical entertainment and dances, doubled the hall’s original size of 4,500 to approximately 9,000 square feet

South Carolina REALTORS® to hold year-end housing market press conference

COLUMBIA, S.C. - January 17, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) invites all members of the media to attend its Year-end Housing Market press conference January 24, 2011 at 9:00 am, at the Columbia Metropolitan Convention Center.

Data at your fingertips: December Market Reports released

COLUMBIA, S.C. - January 17, 2011 - (RealEstateRama) -- South Carolina REALTORS® (SCR) today released its December 2010 Market Reports. The data reveals Median Sales Price of single-family homes across the state increased by 1.6 percent during the year to arrive at $157,000. Condo prices decreased by 4.8 percent to end the year at $126,000. Homes sales responded to these price changes as you might expect. Single-family home sales were down by 3.5 percent during the year, while condo sales were up by 3.4 percent

Scottsdale, Arizona Silverleaf Foreclosure For Sale

Scottsdal, AZ - January 17, 2011 - (RealEstateRama) -- There is an amazing inventory of homes for sale in Silverleaf. Silverleaf is perhaps the most prestine subdivision in all of Arizona. You can view all foreclosures and short sales for sale in Scottsdale by going to http://www.nicholasmcconnell.com then click property search. It is free MLS Access for everyone to enjoy. You can search by subdivision, city, price range, school district, foreclosures, short sales, square footage, and much more.

The Ballen Group, Award Winning Las Vegas Short Sale Specialists uses comprehensive Las Vegas...

Las Vegas, NV - January 17, 2011 - (RealEstateRama) -- http://www.youtube.com/watch?v=IIl62k7Qyyo - The Ballen Group, a top team of Las Vegas Short Sale Specialists under the brokerage Keller Williams Realty Las Vegas has put together a comprehensive Las Vegas Short sale system for sellers. Homeowners who are facing Las Vegas foreclosure can request a Las Vegas Short Sale Agent, Henderson Short Sale Agent, or North Las Vegas Short Sale Specialist to consult with them about their needs.

Roy Perez-Daple Joins Metro Commercial Real Estate

Conshohocken, PA - January 17, 2011 - (RealEstateRama) -- Metro Commercial Real Estate, Inc. is pleased to announce that industry veteran Roy Perez-Daple has joined the company, where he will expand the firm’s national retailer advisory services as well as pursue strategic landlord opportunities.

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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