National Housing Survey

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Our purpose was to gauge the public’s current attitudes toward housing, especially in light of the current housing crisis. This comprehensive research project asked more than 3,000 consumers about their confidence in homeownership as an investment, the current state of their household finances, their views on the U.S. housing finance system and their overall...
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New Construction Housing Sees Upturn

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The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for March 2010: Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 685,000. This is 7.5 percent (±1.3%) above the revised February rate of 637,000 and...
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Geen Housing

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WASHINGTON, DC – The U.S. Department of Housing and Urban Development today announced that Washtenaw County, Michigan is being awarded a $250,000 grant to produce 30 new affordable green rental units in Ann Arbor. The County will use Avalon Housing, Inc., an established community-based affordable housing developer, to create these new apartments which will...
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FHA Mortgages Get Modern

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FHA TO ACCEPT ELECTRONIC SIGNATURES ON THIRD PARTY DOCUMENTS Action begins broader effort to modernize FHA’s application process WASHINGTON, DC – The Federal Housing Administration (FHA) today announced plans to modernize the application process for FHA mortgage insurance, making the process easier for borrowers and faster for lenders. FHA will begin accepting electronic signatures on third...
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Action On Flood Insurance Renewal

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The National Association of Realtors® said today that it will continue to press Congress for speedy action to renew authority for the Federal Emergency Management Agency to issue flood insurance under the National Flood Insurance Program that expired March 28. Congress is on its spring recess and will return April 12. Flood insurance is required by...
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How does radon get into buildings?

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Studies of the geology of radon include research into how uranium and radon sources are distributed in rocks and soils, how radon forms in rocks and soils, and how radon moves. Studying how radon enters buildings from the soil and through the water system is also an important part of the geology of radon. Radon...
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Investment Sales Down

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Vacation-home sales recovered in 2009 while investment sales fell sharply, according to the National Association of Realtors®. NAR’s 2010 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2009, shows vacation-home sales rose 7.9 percent to 553,000 last year from 513,000 in 2008, while investment-home sales fell 15.9 percent to 940,000 in...
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Mortgage Rates Inch Up

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McLean, VA – Freddie Mac (NYSE:FRE) released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent with an average 0.6 point for the week ending March 25, 2010, up slightly from last week when it averaged 4.96 percent. Last year at this time,...
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New Flood Plain Maps For Washington, DC

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WASHINGTON, D.C. — Today, the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) began a six-month process to develop revised flood maps for Washington, D.C., designed to help local officials and residents identify known flood risks, and assist in making insurance and development decisions. FEMA continues to update its flood hazard maps nationwide...
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New Lead Based Paint Rules

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PHILADELPHIA, PA — A significant new rule from the U.S. Environmental Protection Agency dealing with lead-safe work practices goes into effect on April 22, 2010. Anyone receiving compensation for renovating, repairing and painting work in residences built before 1978 that disturbs painted surfaces is subject to the new Renovation, Repair and Painting Rule (RRP)....
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Loan Modifications

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Number of permanent modifications increases by 45 percent WASHINGTON, DC – The U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released February data for the Administration’s Home Affordable Modification Program (HAMP). As of the end of the month, more than one million borrowers were receiving a median savings...
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Housing Starts

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NEW RESIDENTIAL CONSTRUCTION IN FEBRUARY 2010 BUILDING PERMITS * Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 612,000. This is 1.6 percent (±1.0%) below the revised January rate of 622,000, but is 11.3 percent (±1.8%) above the February 2009 estimate of 550,000. * Single-family authorizations in February were...
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RSS Greater Philadelphia Region

  • The Susan G. Komen Philadelphia Race For The Cure
    Type: Causes – Fundraiser Date: Sunday, May 9, 2010 Time: 6:30am – 11:00am Location: Philadelphia Museum of Art / Eakins Oval Street: Ben Franklin Parkway City/Town: Philadelphia, PA Get Involved! 20 year anniversary! Come on out for a great cause! www.komenphiladelphia.org Helpline 1-877-GO-KOMEN “Our band will be playing – to help wake you up & keep yo […]
  • Spring is Painting Time
    FOR IMMEDIATE RELEASE Mastercraft Painting & Finishes provides comprehensive, professional house painting, commercial painting, interior and exerior house painting, surface coating and refinishing contractor services in Montgomery County PA, The Main Line, Bucks County PA, and Center City Philadelphia PA including Abington Township, Upper Dublin Township […]