The first quarterly increase of housing prices since the second quarter of 2007 has some hoping that stabilization is on the horizon.

Headquartered in Bethesda, Maryland, CoStar Group, Inc. provides information, marketing, analytic services, and a comprehensive database accessed via the Internet to commercial real estate professionals.

The Mortgage Bankers Association (MBA) released its annual report of the multifamily lending market yesterday. As expected, the report confirmed that multifamily lending was significantly lower in 2008 than in 2007.

Florida's residential market seems to be picking back up, as both existing home and condominium markets saw increased sales in October, according to Florida Realtor's latest housing data.

In an announcement Monday, Fannie Mae named the newest member to its board of directors. Jonathan Plutzik, a former executive at Credit Suisse Group.

Incremental price increases due to a rising demand for homes caused housing affordability in California to fall in the third quarter of 2009, according to the California Building Industry Association (CBIA).

In an effort to help borrowers with Countrywide subprime and option-ARM mortgages avoid foreclosure, Bank of America created its National Homeownership Retention Program (NHRP), providing mortgage relief to 100,000 eligible homeowners in just 10 months. I

Presidio Residential Capital took its first step in achieving its goal to fund in excess of $250 million in construction loans for home-building projects in the Western United States and Texas.

Employment losses in Phoenix are beginning to lessen, but vacancy rates in office buildings will continue to rise in 2010, according to the fourth quarter Office Research Report by Marcus & Millichap.

After being convicted by a jury on August 6, 2009 of two counts of mail fraud and one count of wire fraud, Godwin Asifo of Woodbridge, Virginia, was sentenced on Friday by United States District Judge Claude M. Hilton to 57 months in prison and three years of supervised release.