Existing-Home Sales Decreased to Lowest in 18 Years

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Existing-Home Sales Decreased to Lowest in 18 Years

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Existing-Home Sales Decreased to Lowest in 18 Years

Today’s News Synopsis:

MISMO has decided to allow more time for people to leave their comments and opinions regarding rent exchanges on commercial properties.  A new mobile app was released today by CoreLogic allowing customers a broader access to property data.  Existing-home sales decreased in December to their lowest in 18 years.

In The News:

Mortgage Bankers Association – “MISMO Extends Comment Period for Proposed Rent Roll Standards for Commercial Property” (1-24-17)

“MISMO®, the Mortgage Industry Standards Maintenance Organization has extended the public comment period for the proposed data standard for the exchange of rent roll information on commercial property.”

CoreLogic“CoreLogic Launches the RealQuest Mobile App” (1-24-17)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, announced today that it has launched the RealQuest® App to provide real estate and mortgage professionals access to detailed property information, transaction history and neighborhood sales data while they’re in the field.”

Charlotte Business Journal – “These three neighborhoods expected to be Charlotte’s ‘hottest’ in 2017” (1-24-17)

“Myers Park has been picked as the “hottest” neighborhood in metro Charlotte this year, according to real estate site Redfin, which bases it prediction on web traffic.”

Bloomberg – “Goldman Lets Cohn Collect $123.7 Million En Route to White House” (1-24-2017)

“Goldman Sachs Group Inc. lifted restrictions or accelerated delivery on about $123.7 million in stock and cash awards previously awarded to Gary Cohn, who left last month to become President Donald Trump’s top economic adviser.”

CNBC – “Why the supply of homes for sales is the lowest since 1999” (1-24-17)

“House hunters out this spring will have to pound more and more pavement to find their home sweet home.  The number of for-sale listings fell again in December to the lowest level since 1999, according to the National Association of Realtors.”

DS News – “Judge Refuses to Toss Deutsche Bank Case” (1-24-17)

“Deutsche Bank’s legal woes continue as a U.S. District Judge refused to throw out a lawsuit mounted against it.”

CoreLogic – “CoreLogic to Announce Fourth Quarter and Full Year 2016 Financial Results” (1-24-17)

“CoreLogic® (NYSE: CLGX), a leading global property information, insight, analytics and data-enabled solutions provider, confirmed today that it will release its fourth quarter and full year 2016 financial results after the market close on Wednesday, February 22, 2017.”

Wall Street Journal – “Real-Estate Investors Enjoy Postelection Boost” (1-24-17)

“Shares of real-estate investment trusts typically get hammered as interest rates rise—not this time.  So far, many REITs have bucked the trend with investors expecting a looser regulatory environment and fiscal stimulus under the administration of President Donald Trump.”

 

Bruce Norris of The Norris Group will be speaking at the 2017 Los Angeles Real Estate Summit on Wednesday, February 1.

Bruce Norris of The Norris Group will be presenting 2% Interest, $30 Trillion in Debt, and Other Suprise Endings on Saturday, February 4.

Bruce Norris will be speaking at 10 Life-Changing Days of a Real Estate Investor with OC FIBI on Tuesday, February 7.

Image copyright source: www.flickr.com/photos/59937401@N07

 

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.




 

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