Sources: New Home Sales Remain Solid in August Delinquencies Decline But Remain High Relative to 2000s US home price gains slowed to 5.0% in July: S&P/Case-Shiller 30-Year Fixed-Rate Mortgage Hits 10 Week Low Pending home sales fall 2.4% in third straight drop Yellen Says Fed Grilling Biggest Banks Amid Wells Fargo Furor Top 3 special […]
Think California is in a Bubble? Latest UBS Report Doesn’t Think So Read More »
Today’s News Synopsis: Freddie Mac reported mortgage rates were at their lowest in ten weeks with 30-year rates now at 3.42% and 15-year rates at 2.72%. Meanwhile, the National Association of Realtors reported a 2.4% decrease in pending home sales, their second lowest for the year. Of all the homes sold across the nation last
Mortgage Rates at Lowest in 10 Weeks According to Freddie Mac Read More »
Today’s News Synopsis: Mortgage applications decreased by 0.7% as a result of a decrease in refinancing. The American Institute of Architects released their latest researched showing what kind of special function rooms consumers prefer, the top being outdoor living spaces, mud rooms, and home offices. Following accusations against Wells Fargo that they created fake accounts,
Janet Yellen and Fed Investigating Big Banks After Accusations Arise Against Wells Fargo Read More »
Today’s News Synopsis: The housing market showed strong, positive signs over the summer with 76% of markets being normal or above, while Miami, Florida ranked at the bottom. One of the reasons for weak sales in some areas despite strong demand is a lack of appraisers. According to the latest S&P/Case-Shiller Index, gains in home
Home Price Gains Slower in July, Coming in at 5% Read More »
Today’s News Synopsis: HUD and the Census Bureau reported new home sales decreased 7.6% in August but continue to remain strong at 609,000. Delinquencies also declined 9 basis points, but as well they are still high compared to the early part of the millennium. In a surprising story, property that can be bought for $175
New Home Sales Decrease But Still Remain Strong Read More »
Sources: Builder Confidence Surges in September Housing Production Hits a Mild Speed Bump in August Commercial/Multifamily Mortgage Debt Outstanding Continues to Grow Despite CMBS Decline These 10 markets desperately need more housing inventory 2016’s Most Fun Cities in America FOMC leaves rates unchanged in September meeting America’s TV boom is a hot opportunity for real
San Francisco Residents Getting Quite a Shock From Leaning Millennium Tower Read More »
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
Gary Acosta of the NAHREP Joins Bruce Norris on the Real Estate Radio Show #505 Read More »
Today’s News Synopsis: The House Financial Services Committee held another hearing today regarding their report they submitted back in June on threats and vulnerabilities in the market. Janet Yellen said yesterday the job market is looking better, although labor flows data seems to show a lack of stability with employment. WalletHub just released their analysis
Yellen Says Job Market Looking Better, Though Data Seems to Show Otherwise Read More »
Today’s News Synopsis: The Mortgage Bankers Association reported that even in the midst of mortgage-backed securities decreasing, mortgage debt for commercial and multifamily properties continues to increase. The Federal Reserve has decided not to increase interest rates at this time, although the debate is not over yet as they are now looking towards the end
Fed Has Decided Not to Raise Interest Rates….For Now Read More »
Today’s News Synopsis: HUD and the Commerce Department reported a 5.8% decrease in housing starts last month. The NAR held a survey recently showing more and more real estate firms and brokerages are positive about future profit. Stocks increased as people continue to wait to see what decision the Fed will make regarding interest rates.
More Real Estate Firms Positive About Future Earnings Read More »
