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Finance, Economy & Government Issues Archive


Existing-Home Sales Decline in May with Market Constraints, Temporary Conditions

RISMEDIA, June 23, 2011—Existing-home sales were down in May as temporary factors and financing problems weighed on the market, according to the National Association of REALTORS®. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, fell 3.8 percent to a seasonally adjusted annual rate of 4.81 ...


HUD Secretary Announces $67 Million in Grants Will Soon Be Available In Second Round of Sustainable Communities Regional Planning Program

RISMEDIA, June 23, 2011—Recently, U.S. Housing and Urban Development Secretary Shaun Donovan announced that HUD will be investing an additional $67 million towards creating stronger, more sustainable communities that connect housing to jobs while fostering local innovation and building a clean energy economy through its Sustainable Communities Regional Planning Grant ...


Tune Out the Noise – Make It Happen

RISMEDIA, June 23, 2011— You would think the world was going to end. I know things are tough but the headlines are making me crazy: ...


New Index Finds April Prices Improved

RISMEDIA, June 23, 2011— April home prices have improved over March in the new national composite index launched recently by FNC at the National Association of Real Estate Editors Annual Meeting in San Antonio. FNC’s Residential Price Index, which is based on public record data along with data collected from ...


Housing Starts Gain 3.5 Percent in May

RISMedia, June 22, 2011— Nationwide housing starts rose 3.5 percent to a seasonally adjusted annual pace of 560,000 units in May, according to newly released figures from the U.S. Commerce Department. The gain partially offsets a larger decline that was registered in April. ...


HUD, VA to Provide Permanent Housing and Case Management to Homeless Veterans

RISMedia, June 22,2011— U.S. Housing and Urban Development Secretary Shaun Donovan and U.S. Department of Veterans Affairs Secretary Eric K. Shinseki announced recently that HUD will provide $5.4 million to public housing authorities in 18 states to supply permanent housing and case management for 676 homeless Veterans in America. This ...


NAHREP Report: Latinos, First-Time Homebuyers Are the Key to the Housing Recovery

RISMedia, June 21, 2011—The National Association of Hispanic Real Estate Professionals (NAHREP) has published a report “The State of Hispanic Homeownership” that offers an overview of compelling data on the Hispanic home buyer market and why it is poised—due to its population size, high desire and buying clout—to drive first-time ...


HUD Issues 2010 Annual Homeless Assessment Report to Congress

According to its latest national homeless assessment, the U.S. Department of Housing and Urban Development reports the number of homeless persons in the U.S. held steady between 2009 and 2010, despite the economic downturn. For the first time, HUD’s annual report reveals how the Recovery Act’s Homelessness Prevention and Rapid ...


E-Verify a Step Forward in Solving Immigrant Worker Problems

As Congress looks into mandating E-Verify, a voluntary Internet-based system that allows businesses to determine the eligibility of their employees to work in the U.S., the National Association of Home Builders (NAHB) recently urged lawmakers to ensure it is a fair, efficient and workable system and noted that this should ...


Voters Strongly Support Politicians Who Embrace Pro-Housing Policies, Mortgage Deduction

RISMedia, June 18, 2011—Nearly three out of four American voters believe that it is reasonable and appropriate for the federal government to provide tax incentives to promote homeownership—a sentiment that cuts across partisan and regional lines across the country, according ...


Coldwell Banker: Niagara Falls Most Affordable

RISMedia, June 18, 2011—Newport Beach, Calif., led the list of most expensive U.S. real estate markets for the second year in a row, with an average home listing price of approximately $2.5 million for property listings meeting the subject home criteria. ...


Expiring Loan Limits Mean Weaker Housing Demand in the Fall

RISMedia, June 17, 2011—New research from NAHB examines the scope of impact on housing markets from the scheduled October 1, 2011 decrease in the GSE and FHA loan limits. These loan limits determine what types of mortgages may be securitized ...


HUD and EPA Launch Historic Collaborative Effort to Invest in Sustainable Communities

RISMedia, June 17, 2011—U.S. Housing and Urban Development Secretary Shaun Donovan and Environmental Protection Agency Administrator Lisa Jackson announced a historic collaborative effort to build upon current federal investments for regions that support sustainable and livable communities. For the first time ever, HUD and EPA will join forces to competitively ...


Freddie Mac/CUNA Renew Alliance Supporting Mortgage Lending Options for Credit Union Members

RISMedia, June 17, 2011—A comprehensive package of services to help credit unions manage their mortgage business in today's distressed credit markets will remain available through the renewed alliance agreement between CUNA and Freddie Mac (OTC Bulletin Board: FMCC), one of the nation's largest investors in residential mortgages. ...


HUD, VA to Provide Permanent Housing and Case Management to Homeless Veterans

RISMedia, June 16,2011— U.S. Housing and Urban Development Secretary Shaun Donovan and U.S. Department of Veterans Affairs Secretary Eric K. Shinseki announced recently that HUD will provide $5.4 million to public housing authorities in 18 states to supply permanent housing and case management for 676 homeless Veterans in America. This ...


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