Realty Reality - Blog Posts - Highlights - June 2007

Here are some of the Realty Reality blog articles that appeared during the month of June:
 
 
2007 Hurricane Season - Interesting Facts From The Census Bureau
The north Atlantic hurricane season begins June 1 and lasts through November. The U.S. Census Bureau produces timely local data that are critical to emergency planning, preparedness and recovery efforts. This edition of Facts for Features spotlights the number of people living in areas that could be most affected by these acts of nature...
 
Existing Home Sales Effected By Psychology, Interest Rates and Doubling-Up 
Existing-home sales were essentially unchanged in May, according to the National Association of Realtors®. Total existing-home sales - including single-family, townhomes, condominiums and co-ops - eased by 0.3 percent to a seasonally adjusted annual rate1 of 5.99 million units in May from an upwardly revised pace of 6.01 million in April, and are 10.3 percent below the 6.68 million-unit level in May 2006...
 
Disabled Veterans Supported by RE/MAX
The founder of RE/MAX, Dave Liniger announced that the company will support the Sentinels of Freedom Foundation by providing funding for a four-year "scholarship" program that helps disabled veterans obtain housing, education, employment and transportation...
 
Federal Reserve Beige Book June 2007 Report
Reports from the twelve Federal Reserve Banks indicated that economic activity continued to expand from mid-April through May. Seven banks described growth in their Districts as modest or moderate: Cleveland, Atlanta, Chicago, St. Louis, Kansas City, New York, and San Francisco. Dallas reported growth as moderately strong, and Minneapolis said the District's economy edged up. Philadelphia reported that growth was somewhat faster than in recent months, and Richmond said growth picked up a bit. Boston characterized reports from its contacts as generally positive...
 
Attracting Fixer-Upper Buyers -- Best Ways
"Buyers tend to want listings that are in move-in condition. For that reason, sellers often put a lot of time and money into prepping their homes for market to realize the largest profit possible from the sale. But, is it worthwhile to fix a property up before selling if it is in a dismal state?...

FRB: Encourging Responsible Mortagage Lending
A public hearing by the Board of Governors of the Federal Reserve System is being held today to help determine what steps the Board should take to curb abuse in the home mortgage market, especially the sub-prime lenders, without hurting the incentives in place to encourage responsible lenders to provide credit to borrowers...

ULI: Lack of Affordable Housing Near Jobs A Problem For Employers and Employees
Concern is apparent within the business community - particularly among larger employers - about the lack of affordable housing for employees, with companies reporting the shortage as being problematic in hiring and retaining entry- and mid-level workers, according to a new survey released by the Urban Land Institute (ULI). The same survey showed interest by moderate-income workers in moving closer to work if affordable housing were available...

HUD: America's First Efficient, Sustainable, Affordable Concept Home
The U.S. Department of Housing and Urban Development recently announced the completion of America's first PATH Concept Home featuring more than 60 efficient, sustainable and flexible products and systems all in one affordable home...
 
NJDEP: Notice of Regulation Proposals
The New Jersey Department of Environmental Protection has a Rules & Regulations page where notices of all upcoming rules proposals are listed. For those concerned about environmental regulations and their impact (pro or con) on the environment and business, then you need to pay attention as there are many important proposals in development...
 
FRB: Banking Agencies Issue Host State Loan-to-Deposit Ratios
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that the banking agencies will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994...
 
Commercial Market Offsetting Residential Market
Office, Industrial and Retail Development Contributes $498 Billion Annually to GDP. There's a safety net for the country's slowing housing market, after all. It's the commercial real estate market...
 
Healthy Homes - Protect Your Children's Health
"Help Yourself to a Healthy Home" is a self-help booklet for parents and caregivers that provides information about housing-related environmental health issues, including asthma an allergies, lead, mold and moisture, carbon monoxide, indoor air quality, drinking water, hazardous household products, home safety and pesticides...
 
Home Sales To Gradually Improve with Some Fluctuation
WASHINGTON - Home sales are projected to move in a relatively narrow range with a gradual upturn becoming more pronounced by the end of the year, according to the latest forecast by the National Association of Realtors®...

NJ Public Advocate Released Eminent Domain Abuse Report
New Jersey Public Advocate Ronald K. Chen released a report on eminent domain abuse earlier this week, calling upon the Legislature to act swiftly to reform the state redevelopment law...




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