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sale pending

CAR Reports 1.9% Increase in Pending Home Sales for December

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Sources: Bank Card Default Rate Hits 42-Month High in January 2017 According to S&P/Experian Consumer Credit Default Indices US existing home sales hit 10-year high in January Mortgage Applications Decrease in Latest MBA Weekly Survey December pending home sales and Market Pulse Survey U.S. House Prices Rise 1.5 Percent in Fourth Quarter Continued Uncertainty Causes […]

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Tony Alvarez blog

REO Mentor Tony Alvarez Joins Bruce Norris on the Real Estate Radio Show #527

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Bruce Norris is joined this week by Tony Alvarez. Tony is a familiar face and has been a friend since he and Bruce first met in 2003. He mostly buys properties to hold with an occasional flip in the mix. He now does this in a couple different states. Episode Highlights What was the crucial moment

REO Mentor Tony Alvarez Joins Bruce Norris on the Real Estate Radio Show #527 Read More »

Southern

Southern States Are Where the Best Housing Market Appreciation is Found

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Today’s News Synopsis: According to the latest report from Zillow, the Southern States are the places to go to find housing markets with the best appreciation.  The FHFA released their latest report showing a 1.5% increase in home prices in the fourth quarter.  Mortgage rates continue to remain steady due to uncertainty in the market

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existing sale

Existing-Home Sales Increase to Highest in 10 Years

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Today’s News Synopsis: Existing-home sales increased 3.3% to 5.69 million last month, their highest in ten years.  The Mortgage Bankers Association reported a 2% decrease in mortgage applications from last week.  In the midst of a slow recovery from the recession, Toll Brothers reported positive earnings. In The News: Mortgage Bankers Association – “Mortgage Applications Decrease

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consumer confidence

Default Rates for Bank Cards at Highest in Almost 4 Years According to Latest S & P/Dow Jones Indices

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Today’s News Synopsis: The latest S & P and Dow Jones Indices showed default rates for bank cards were at their highest in almost 4 years in January, up three basis points from 0.92%.  Several holders of hedge funds were unsuccessful in their attempt to have a ruling overturned that would allow them to sue

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Fannie Mae1

$12.3 Billion Was the Reported Annual Net Income for 2016 for Fannie Mae

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Sources: America’s Suburban Hotspots 17.3 Million U.S. Homes with Combined Value of $4.9 Trillion in Zip Codes with High Environmental Hazard Risk The Bay Area Tops List of Best Markets for Sellers; Baltimore and Miami Are the Best for Buyers When It Comes to Moving, Millennials Are Stuck in the Mud Delinquencies Increase in Fourth

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Mike ONeill blog

Mike O’Neill of O’Neill Property Management Joins Bruce Norris on the Real Estate Radio Show #526

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Bruce Norris is joined again this week by Mike O’Neill. Mike owns O’Neill Property Management in Riverside, which has been open for business for many years. He has not only been a manager, but also a property owner and investor. Episode Highlights What sparked Mike’s interest in working with the investment side of real estate? Were

Mike O’Neill of O’Neill Property Management Joins Bruce Norris on the Real Estate Radio Show #526 Read More »

affordable housing

Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

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Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to 1.246 million units.  Housing affordability

Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive Read More »

delinquencies

MBA Reported Increase in Delinquencies on Mortgages in Fourth Quarter

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Today’s News Synopsis: The Mortgage Bankers Association reported a 3.7% decrease in mortgage applications from last week.  They also reported an increase in delinquencies in the fourth quarter, putting them now at 4.8%.  NAHB reported builder confidence decreased slightly to 65 but continues to remain stable. In The News: Mortgage Bankers Association – “Mortgage Applications Decrease

MBA Reported Increase in Delinquencies on Mortgages in Fourth Quarter Read More »

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