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Featured News, US Real Estate

US Real Estate Prices Continue to Tumble

By Mike Wheatley | March 18, 2011
According to the Core Logic Home Price Index, newly released figures for January 2011 show that the prices for US residential homes fell for the sixth month in a row, and are now worth 5.7% less than they were this time last year.
US Real Estate

Rep. Maxine Waters in Fight to Save Housing Programs

By Tavis J. Hampton | March 17, 2011
"Whose side are you on?" is a question Congresswoman Maxine Waters (D-Calif.) is asking a Republican-lead U.S. Congress that today voted to end the Neighborhood Stabilization Program (NSP), a government-sponsored initiative that would purchase and redevelop foreclosed and abandoned homes. The homeowners, Congresswoman Waters argues, are not suddenly all better, no longer needing government programs […]
US Real Estate

HEI Hotels Named 2011 ENERGY STAR Partner of The Year

By Tavis J. Hampton | March 17, 2011
HEI Hotels & Resorts recently announced that the EPA has named the hospitality investment firm 2011 ENERGY STAR Partner of the Year. This is its second consecutive year winning the award for energy management and reductions of greenhouse gas emitions. Gary Mendell, HEI’s chairman and chief executive officer, explained, “Not only do we believe that […]
US Real Estate

Government Failing Multicultural Homebuyers, Says Coalition

By Tavis J. Hampton | March 17, 2011
The Asian Real Estate Association of America (AREAA), the National Association of Hispanic Real Estate Professionals (NAHREP), and the National Association of Real Estate Brokers (NAREB) have collectively determined that the U.S. government is not doing enough to meet the needs of multicultural homebuyers. The three organizations are the largest representing multicultural real estate professionals. […]
Featured News, US Real Estate

Top Housing Official Jumps Ship For Lobbying Job

By Ryan Cox | March 17, 2011
Last week David H. Stevens announced he would step down as commissioner of the Federal Housing Administration, and this week its being announced that he will be named the next chief executive of the Mortgage Bankers Association (MBA). During his two-year stint in the Obama administration, he was a key adviser on housing-finance policies. He will succeed John A. Courson, a former mortgage banker who took the helm of the MBA in 2008. Mr. Courson’s departure is seen as a unexpected upheaval to a trade association that has had an extremely vociferous three year period.
US Real Estate

HP Deal Signals Big Corporations Back in the Business

By Mike Wheatley | March 17, 2011
Yesterday’s announcement that Hewlett-Packard has agreed a seven year deal to lease a huge 1.4 million Sq. foot distribution center in San Bernardino marks the return of big corporations to the real estate market, industry observors claim. According to Westcore Properties, the computer technology giants plan to begin operations in the Cajon Distribution Center sometime this summer, and it is hoped that more such deals will be back on the agenda soon.
US Real Estate

Earthquakes Shake Up The Market Like Nothing Else

By Mike Wheatley | March 17, 2011
The terrible news of the devastating earthquake and the tsunami that followed it in Japan was a tragedy of huge proportions, and our hearts go out to all of those who have lost family members and friends or been left homeless as a result.
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