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Real Estate News
 
June 2007
> Proposed Bill Would Create Affordable Housing Fund
NAR has vowed its support of a bill that would establish a fund to oversee the distribution of $1 billion a year toward affordable housing opportunities over the next 10 years.
 
> 5 Reasons Why Going Green is Growing
Real estate investors are increasingly demanding green construction and energy-efficient upgrades. Find out what's driving the trend.
 
> Existing-Home Sales Ease Slightly in May
Psychological factors are the biggest drag on the housing market, in addition to a disruption from tighter credit for subprime borrowers, NAR says.
 
> Mortgage Applications Point to Modest Slowing
A drop in the industry's application index suggests some cooling.
 
> Developers, Managers See Green Building Perks
"The benefits will make green ubiquitous over the next two years," a big player says.
 
> Boomers Expected to Age in Place, Stay in Suburbs
A drop in housing prices translates into fewer mortgage refinancing opportunities for consumers, and that means less spending cash.
 
> Lower Home Prices Hit Consumer Spending
A drop in housing prices translates into fewer mortgage refinancing opportunities for consumers, and that means less spending cash.
 
> NAR: Home Sales to Fluctuate Before Gradual Upturn
Look for 6.18 million existing-home sales this year, NAR says.
 
> Who Needs the City? Not the Booming 'Burbs
The traditional model of a central city serving as an economic and cultural hub for surrounding suburbs is being replaced by a new phenomenon: the "boomburgs."
 
 
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