If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!High inventories, weak economic conditions delay start activity
Housing starts in 2008 are expected to be 36 percent lower than 2007 levels, creating three straight years of declines. According to a recent Portland Cement Association (PCA) Economic Research report, [...]
Home loan servicers and lenders are not working with borrowers who need loan modifications in order to keep their homes. In a third survey of California mortgage counseling agencies servicing homeowners statewide, the California Reinvestment Coalition (CRC) found that despite lenders’ promises to help borrowers, foreclosure is still the most common outcome for homeowners struggling [...]
More than $1 million in U.S. Small Business Administration Disaster Assistance Loans have been approved for residents and business owners in Maine who were affected by the severe storms and flooding that occurred on April 28 - May 14, 2008.
“Currently, 25 home and business disaster loans have been approved in the amount of $1,247,000 for [...]
Grubb & Ellis Healthcare REIT, Inc. today announced the acquisition of Medical Portfolio 3, a collection of 13 healthcare-related properties comprising 20 buildings, located throughout Indianapolis.
Medical Portfolio 3 consists of approximately 689,000 square feet of gross leaseable area. The portfolio is 91 percent leased, and is primarily anchored by Clarian Health Partners, which has occupancy [...]
Congress Urged to Safeguard Key Role of Independent Appraisers
A plan under consideration in Washington will drastically curtail the valuable role of independent appraisals in home sales and harm consumers. The plan, known as the Home Valuation Code of Conduct (HVCC), was designed to prevent lenders and mortgage brokers from coercing appraisers into providing inflated [...]
Sales of existing-home sales increased in May with buyers responding to lower home prices, according to the National Association of Realtors(R).
Existing-home sales — including single-family, townhomes, condominiums and co-ops — increased 2.0 percent to a seasonally adjusted annual rate(1) of 4.99 million units in May from a level of 4.89 million in April, but are [...]
Working Buildings 2008 - 8-9 October 2008 - Olympia, London
The organisers of the London-based built environment exhibition Working Buildings 2008, is searching for London’s best office. The Office of the Year award will honour businesses within the capital for office innovation and excellence, with particular emphasis on energy and waste management. The award is [...]
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announce that six more states — Connecticut, Louisiana. Mississippi, North Carolina, New Hampshire and Vermont — will begin using the Nationwide Mortgage Licensing System (NMLS) beginning July 1st.
The eight states currently using NMLS are Idaho, Iowa, Kentucky, Massachusetts, Nebraska, [...]
While homebuilders across the country are coping with stagnant inventories, Tennessee Log and Timber Homes Inc. has seen sales of its Natural Element Homes(TM) increase by 108% in the past year. The Athens, TN headquartered company is beating current economic housing trends by creating a custom style of home that resonates with Americans’ desire to [...]
International Arrivals to Advance by 4.4%
U.S. Travel Resilient Despite Economic Challenges
Global Insight, the world’s leading company for economic and financial analysis and forecasting, today released the second quarter 2008 update of U.S. Travel Insights, predicting a slight year-over-year increase in the total number of domestic Person-Trips, and a higher spike in international arrivals. U.S. [...]