Virginia RealEstateRama

WASHINGTON -- U.S. Sen. Mark R. Warner (D-VA) released the following statement today on President Obama’s remarks on housing finance reform during a speech in Phoenix, AZ. On June 25th, Sen. Warner introduced bipartisan legislation to strengthen the housing finance system by replacing Fannie Mae and Freddie Mac with a with a streamlined, privately-capitalized system that preserves market liquidity and protects taxpayers from bailouts during any future economic downturns

WASHINGTON, D.C. - July 31, 2013 - (RealEstateRama) -- Granting Freedom is a grant program for home modifications for disabled veterans or disabled servicemen or women who sustained a line of duty injury resulting in a service connected disability. The Virginia Housing Development Authority (VHDA) is partnering with the Virginia Department of Veterans Services to make this program available

Reston, VA - July 25, 2013 - (RealEstateRama) -- Andrew Fallon and Jon Florin, Assistant Vice Presidents at Calkain Companies, a national real estate investment brokerage firm, recently arranged the purchase of a Chase Bank (NYSE: JPM) corporate ground lease in Streetsboro, Ohio. The private investor, a frequent Calkain client, was drawn to the low price point and stable investment that the Chase Bank ground lease offered. The property closed within the last 30 days for a price of $1,260,000.

WASHINGTON, D.C. - July 19, 2013 - (RealEstateRama) -- Congressman Robert Hurt (R-Virginia) released the below statement following the Financial Services Committee hearing examining the Protecting American Taxpayers And Homeowners Act, a legislative proposal to create a sustainable housing system

ARLINGTON, VA - July 15, 2013 - (RealEstateRama) -- The Arlington County Board today approved phases four and five of the Metropolitan Park project to redevelop an existing warehouse site to a single largest residential and retail high-rise in Pentagon City.

Fairfax, VA - July 12, 2013 - (RealEstateRama) -- To keep the economy improving, so must the housing recovery improve. While conditions have been great for home buying, there are signs that the time to wait may be over. Appreciation is on the rise, but so are interest rates. How does that affect loan activity and home sale prospects in our region?

ARLINGTON, VA - June 28, 2013 - (RealEstateRama) -- Arlington County today named David Cristeal, currently in an acting position as housing director, Arlington’s Housing Director

RICHMOND, VA - June 26, 2013 - (RealEstateRama) -- Gov. McDonnell recently announced during an event at St. Joseph's Villa that rates of homelessness in Virginia have decreased 16 percent overall from 2010 to 2013. This includes a 17 percent decrease in family homelessness in the same period and an 18 percent decrease in veterans experiencing homelessness between 2012 and 2013. These reductions are a significant accomplishment and exceed the goal of reducing homelessness by 15 percent set forth in the Governor's Housing Policy.

WASHINGTON, D.C. - June 25, 2013 - (RealEstateRama) -- In 2008, the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were nationalized and given a $188 billion capital injection by taxpayers to stay afloat. Structural reform of the GSEs seemed obvious and imminent. After all, a 30 percent national decline in home prices was a major contributor to the collapse of many financial institutions, including the GSEs. Trillions of dollars of homeowner equity, and subsequently personal savings, were wiped out, and our economy is still feeling the effects in latent consumer demand. Yet five years later, nothing has been done to address Fannie and Freddie

RICHMOND - June 25, 2013 - (RealEstateRama) -- Governor Bob McDonnell announced today that overall homelessness in the Commonwealth has declined 16 percent from 2010 to 2013 with a 17 percent decrease in family homelessness in the same period. Of special note is the decrease in homeless veterans, where between 2012 and 2013 there was an 18 percent reduction in the number of veterans experiencing homelessness. The new numbers originate from annual point in time data collected by local Continuum of Care groups across Virginia in January each year and compiled by the Virginia Department of Housing and Community Development