Monthly Archives: January 2016

REALTOR® Magazine Seeks Entries for 2016 Volunteering Works Program

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WASHINGTON (January 28, 2016) — Realtors® not only help their clients achieve the American Dream by helping them buy and sell their homes, they also volunteer countless hours to help improve and develop their communities. For eight years, REALTOR® Magazine's Good Neighbor Society has helped Realtors® extend and enhance their charitable work through the Volunteering Works grant and mentoring program. The program, which assigns mentors to Realtors® who want to increase and expand their community service outreach, is now seeking entries.

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Pending Home Sales Tick Up in December

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WASHINGTON (January 28, 2016) — Pending home sales were mostly unchanged in December, but inched forward slightly, fueled by a large increase in the Northeast that outpaced declines in the other three major regions, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, crawled 0.1 percent to 106.8 in December from a downwardly revised 106.7 in November and is now 4.2 percent above December 2014 (102.5). The… Read More

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FHA to Cut Insurance Rates on Multifamily Mortgages

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WASHINGTON – In an effort to help preserve and increase the amount of affordable, quality rental housing across the country, the Federal Housing Administration (FHA) today announced a multifamily insurance rate reduction designed to encourage capital financing of affordable and energy-efficient apartments. The rate reductions announced today will take effect on April 1, 2016, and will directly impact FHA’s Multifamily Housing Programs and properties housing low- and moderate-income families and/or developments installing energy-efficient systems or building within federal energy guidelines.

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