Today’s News Synopsis: The NAHB reported builder confidence increased this month from 59 to 65. The National Association of Realtors released a list of markets that are down in their construction of new homes, which came out to 80% of metropolitan areas measured by the industry. The ESR group connected with Fannie Mae also released […]
NAHB Reported Builder Confidence Increased to 65 This Week Read More »
Sources: Mortgage Rates Head Up U.S. Home Flipping Increases to a Six-Year High in Q2 2016 Mortgage Applications Increase in Latest MBA Weekly Survey National Foreclosure Rates Back to Pre-Crisis Levels in July Buyer sentiment stunted by ‘dearth of homes for sale’ U.S. Households’ Income Shows Biggest Jump Since Recession Even the CEO of Zillow
USC Neighborhood Sees Surge In Homes Prices As More Rush Here to Develop and Flip Homes 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
Doug Duncan of Fannie Mae Joins Bruce Norris on the Real Estate Radio Show #504 Read More »
Today’s News Synopsis: Freddie Mac reported mortgage rates increased this week with 30-year rates now at 3.5% and 15-year rates at 2.77%. ATTOM Data Solutions released their latest data for flipped homes, which showed they increased 14% from last quarter and 3% from last year to their highest in six years. HOPE Now reported an
Home Flipping Increases To Its Highest In 6 Years According to ATTOM Data Solutions Read More »
Today’s News Synopsis: Buyer sentiment is at a standstill and ownership is surprisingly not as high as one would think despite low interest rates and increased jobs. NAR revealed one of the responsible factors is the lack of homes available sale. At the same time, housing growth in big cities has become more dense, resulting
Lack of Homes For Sale Resulting in Lower Home Ownership than Expected Read More »
Today’s News Synopsis: The U.S. economy appears to be gaining strength as household incomes were the largest since the recession in 2015 and poverty showed signs of decrease. Foreclosure rates decreased again to levels last seen before the crisis. A new bill is continuing to be pushed that will do away with Dodd-Frank. In The
Economy Appears Healthier With Largest Increase in Household Income Read More »
Today’s News Synopsis: Two leaders spoke out their opposing views on raising interest rates with Jamie Dimon being for it and Lael Brainard against it. Mortgage rates saw a big increase this past weekend for the first time in two months with 30-year rates at 3.5%. A recent survey by STR asked which commercial real
Mortgage Rates See Huge Increase for First Time in 2 Months Read More »
Sources: National Home Prices Rise Higher in July More Evidence Employers Are Struggling to Fill the U.S. Job Void Single women a growing force in the real estate market Home Purchase Sentiment Index Retreats Slightly, but Gradual Upward Trend Continues The 10 Most Expensive Real Estate Markets Are in California Fed Sees Modest Economic Growth
Wells Fargo Facing $100 Million Fine for Alleged Fake Accounts 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
Peter Muoio of Auction.com #503 Read More »
Today’s News Synopsis: The MBA reported a decrease by 0.4% in the amount of mortgage credit available. The Labor Department reported vacancies in the job market increased to their highest on record at 5.87 million. According to a recent study by Coldwell Banker, California is home to the top ten most expensive real estate markets.
California is Home to Top Ten Most Expensive Real Estate Markets Read More »
