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Houston Mayor Annise Parker and federal officials on Tuesday announced an effort to improve the city’s long-troubled housing department with cash and advice from the federal government and nonprofit groups. Assistant Secretary of Housing and Urban Development Mercedes Marquez called the move a “partnership,” not an “intervention,” stressing that Parker had asked for federal assistance. [...]

Queens homeowners are feeling the pain of the housing slump. The volume of home sales in the borough fell by 9% in the third quarter, compared with the same period last year, according to a report from NYU’s Furman Center for Real Estate and Urban Policy. The decline exceeded the drop in home sales citywide, [...]

NEWPORT BEACH, Calif. DENVER, Nov 29, 2011 (BUSINESS WIRE) – MIG Real Estate, LLC, a Newport Beach, Calif.-based real estate investment company, has acquired Rosemont Ridge at Lowry, an amenity-rich multi-family housing community in Denver, Colorado. The 240-unit community includes 242,562 square feet of rentable space and is located near the master-planned communities of Lowry [...]

Each house is about 1,100 square feet of heated space, and each has a front porch that adds about 150 square feet, plus some “extra touches” like 9-foot ceilings and crown moulding that “make them nicer,” said Myrtle Beach Housing Coordinator Edna Wright. “We’re all so excited about this,” Wright said. The land where the [...]

The Office of the Inspector General for the Federal Housing Finance Agency (FHFA-OIG) will report to Congress today on its oversight of FHFA.  This division of the Department of Housing and Urban Development acts as conservator for Fannie Mae and Freddie Mac the two government sponsored enterprises (GSE.)  This semi-annual report which covers the period [...]

New-home sales in October rose 1.3 percent above September, but volume remained woefully below the level that would indicate a turnaround in the market. Housing economists had predicted a minuscule decline, but a revision of September’s numbers turned it into a small gain in October. The Census Bureau reported Monday that sales for the month [...]