Real Estate News Recap:
Mortgage Applications Increase in Latest MBA Weekly Survey
U.S. Foreclosure Activity Drops to 12-Year Low in 2017
Single-Family Sector Boosts Housing Production in 2017, More Gains Expected this Year
A different biological clock: Why some women care more about buying a home than having a baby
What the Facebook news feed change means for real estate pros
Ignore the bad housing starts number. Builder optimism and buyer demand are high
Amazon picks 20 possible places for its second headquarters, including L.A.
Hard Money Loan Closed
Los Angeles, California hard money loan closed. Real estate investor received loan for $370,000 on this single family property appraised for $542,000.
Bruce Norris will be presenting Stay Put or Cash Out with OC FIBI on Tuesday, February 6.
Bruce Norris will be presenting Stay Put or Cash Out with the Arcadia Association of Realtors on Wednesday, February 7.
Bruce Norris will be presenting Stay Put or Cash Out with TIGAR on Thursday, February 15.
Looking Back:
Production on multifamily houses across the nation increased 11.3% in December to 1.23 million. Optimism for home remodeling continued to remain strong in the fourth quarter, coming in at 53. Freddie Mac reported mortgage rates dropped again for the third week in a row with 30-year rates at 4.09% and 15-year rates at 3.34%.
For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.