Steward Title recently announced the creation of its latest program: a charitable effort to support Helping a Hero. The program is part of its Community of Sharing Initiative. Helping a Hero aims to assist wounded veterans in achieving “sustainable home ownership.” This charitable program is designed with disabled veterans in mind and will help raise
UDR and KFH Acquire Luxury Apartments in Washington, DC
December 21, 2011 by
UDR has announced a joint venture with Kuwait Finance House (KFH) to acquire 1301 Thomas Circle in Washington, DC, a luxury apartment community within walking distance of the White House. The deal is reportedly worth $154 million. 1301 Thomas Circle is a 292-unit luxury apartment community in the Logan Circle neighborhood, which is less than
Three Real Estate Agents Arrested in California Loan Scam
December 16, 2011 by
The California Attorney General’s office announced last week that they had arrested three real estate agents in Stockton for allegedly collecting money up front for loan modification services, a practice which is illegal. The three now face several felony and misdemeanor charges, including conspiracy, false advertising to the public, and grand theft. The growing number
Home Properties Acquires Two Apartment Communities
December 16, 2011 by
Home Properties Inc. has revealed details about its purchase of two apartment communities: The Gates of Deer Grove in Palatine, IL. for $20.2 million and The Courts at Dulles in Herndon, VA. for $92.75 million. With these transactions, Home Properties purchases for 2011 have reached $500.8 million. On November 30, Home Properties purchased The Courts
California Home Sales Increased in November, Report Says
December 16, 2011 by
Monthly and annual home sales numbers increased in November, according to a new report by the California Association of Realtors (C.A.R.). Sales of single family detached homes were up 2.1 percent, and that is good news for real estate professionals. In October, single family home sales reached 493,140, and in November, they topped 503,570 units,
Cook County Passes Ordinance to Regulate Vacant Homes
December 15, 2011 by
Today the Cook County Board passed an ordinance that will introduce regulations for vacant homes. The ordinance is similar to one that the city of Chicago recently instituted and will cover the non-incorporated areas in Cook County. The move comes in spite of the fact that the Chicago ordinance is now involved in a federal
HomeVestors Purchases its 50,000th House in Oklahoma City
December 14, 2011 by
HomeVestors of America announced today that it had successfully purchased its 50,000th home in Oklahoma City. The property was acquired by Mull Properties, a HomeVestors franchise independently owned and operated, responsible for 450 purchases in the past six years. Founded in 1996, HomeVestors purchased 25,000 homes in its first 10 years of business. Since then
Many Americans Still Believe They May Find Dream Homes
December 14, 2011 by
As the housing market in the U.S. maintains its abysmal status, one might think that Americans would have a negative view of their future home-buying prospects. A new survey, however, has revealed that 55 percent of Americans still believe that they may eventually live in their dream homes. The survey, conducted by Yahoo Real Estate,
UnitedHealth and Enterprise Invest $50 Million in Affordable Housing
December 9, 2011 by
UnitedHealth Group and Enterprise Community Investment, Inc. (Enterprise) have entered into a partnership that will create an investment program to provide $50 million in funding for affordable-housing projects in various areas across the United States. The $50 million from Enterprise and UnitedHealth Group is intended to add needed funding for community organizations involved in affordable-housing
NJAR Announces REALTOR and REALTOR Associate of the Year
December 8, 2011 by
The New Jersey Association of REALTORs (NJAR) has announced the winners of the annual REALTOR of the Year and REALTOR-ASSOCIATE of the Year. Each year, NJAR recognizes two of its members who have produced outstanding results in the real estate industry. This year, NJAR awarded Jonathan Kessler of Kuker & Kessler Real Estate the REALTOR
