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demand

Latest Housing Demand Index from Redfin Shows Semand at its Highest in 3 Years

Today’s News Synopsis: The latest Housing Demand Index from Redfin showed demand at its highest in 3 years last month, having increased 13.3% to 105.  The Mortgage Bankers Association reported a 4.1% decrease in mortgage applications as more people are hesitant to buy.  RealtyTrac also released a list of the top 18 places to rent

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home price gains

FHFA and Case-Shiller Release Their Latest Home Price Indeces For August

Today’s News Synopsis: The latest home price index from S&P/Case-Shiller showed home prices in the U.S. increased 5.3% in August.  The FHFA also released their home price index, which showed a 5% increase in home values and them now being at their highest since their peak in 2007.  The latest forecast from the Mortgage Bankers

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single family homes

ATTOM DATA and Ten-X Both Release Their Latest Reports on the Single-Family Housing Market

Today’s News Synopsis: ATTOM Data Solutions released their latest data on the single-family rental market for the third quarter, showing which markets are the best for these homes.  A similar report was released by Ten-X showing the best markets for single-family non-rentals, Florida and Las Vegas being at the top.  More and more people who

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ISRE2016

The Norris Group Presents Its 9th Annual I Survived Real Estate Event Tonight

Today’s News Synopsis: Today’s video is all about I Survived Real Estate 2016, happening tonight at the Nixon Library.  However, you can still check out some of our other news stories below.  Several professionals believe now is a better time to rent as opposed to buying and may remain this way for a while.  The

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Susanne Livingston Blog

Susanne Livingston of Residential Wholesale Mortgage Joins Bruce Norris on the Real Estate Radio Show #509

On Friday, October 21, the Norris Group proudly presents its 9th annual award-winning black tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation and opportunities emerging for real estate professionals. Proceeds for the event benefit Make a Wish and St. Jude

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jobless claims

Claims of Unemployment Increased Last Week After Being At their Lowest in 40 Years

Today’s News Synopsis: Freddie reported mortgage rates are still at historical lows despite being at a four-month high.  Claims of unemployment increased last week for the first time since July after being at their lowest in 40 years.  Lending on multifamily homes was up 28% last year according to the Mortgage Bankers Association. In The

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housing starts decrease

Hud and Census Bureau Report 9% Decrease in Housing Starts for September

Today’s News Synopsis: HUD and the Census Bureau reported a 9% decrease in housing starts for the month of September.  The Mortgage Bankers Association reported mortgage applications increased 0.6% from last week.  In a surprising story, the group that is contributing greatly to the housing market is millennials. In The News: Wall Street Journal – “A

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economic growth fanniemae

Fannie Mae Expects Economic Growth to be at 2.4% For Second Half of Year

Today’s News Synopsis: The Labor Department released their latest consumer-price index report showing consumer prices increased 0.3% last month, the most in five months.  The NAHB reported strong builder confidence this month, having decreased by only two points and standing at 63.  Fannie Mae released this month’s Economic and Housing Outlook, showing they expect economic

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Bank America profits

Bank of America Sees Profit Increase Despite Several Big Banks Losing Net Income

Today’s News Synopsis: Homebuyers are choosing to remain in their homes longer according to recent data from the National Association of Realtors.  According to the latest data from Weiss Analytics, home prices in the 91311 zip code, or Chatsworth, are expected to increase in the coming year.  In the midst of several big banks reporting

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