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Fannie Mae Releases Latest Home Purchase Sentiment Index, Which Decreased Only Slightly

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Today’s News Synopsis: Fannie Mae released their latest home purchase sentiment index, which decreased 1.5 points but overall continues to show promise.  Many analysts, including those at FBR & Co, see the mortgage market continuing to grow and believe it will be above $2 trillion this year.  The Federal Reserve reported growth in the U.S. […]

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More People are Choosing to Purchase Despite Home Prices Being at their Peak in Many Areas

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Today’s News Synopsis: CoreLogic reported home prices increased 1.1% month-over-month and 6% year-over-year in July.  The demographic in the real estate market that is showing an increase in purchasing is single women.  Due to interest rates decreasing and wages increasing, more people are choosing to buy despite prices being at their peak in many metropolitan

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Private Student Housing Seeing Bigger Influx of Cash Poured In

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Today’s News Synopsis: According the Mortgage Bankers Association, delinquencies for commercial and multifamily properties continued to stay at low numbers.  As of today, real estate now has its own sector in the Wall Street market.  An area of the real estate market where more money is being spent is on private student housing. In The

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Real Estate To Be Given Its Own Sector Starting Tomorrow

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Today’s News Synopsis: In a big story, starting tomorrow real estate will have its own sector, given by the S&P Dow Jones Indices and MSCI.  The National Association of Realtors released their latest Pending Home Sales Index for July, showing pending sales at 111.3, a 1.3% increase.  Prices for homes in the more expensive cities are

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The Latest S & P Home Price Indeces Increased in June, Primarily in the South and West

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Today’s News Synopsis: Home prices increased 5.1% year-over-year and 1% month-over-month in June, although the increases were primarily located in the South and West.  Profits from independent mortgage bankers increased twice as much in the second quarter, now at $1,686 from $825.  CoreLogic reported a 2.1% decrease in distressed sales, putting them at 8.4% of

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Janet Yellen Remains Confident of Interest Rate Increase

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 Sources: New Home Sales Climb to Highest Level Since October 2007 Mortgage Applications Decrease in Latest MBA Weekly Survey Existing-Home Sales Lose Steam in July Apartment and Condominium Market Dips Slightly in the Second Quarter Morgan Stanley: This corner of the real-estate market is about to peak Goldman Sachs It’s Too Late to Chase the

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Christopher Thornberg, Principal at Beacon Economics, Joins Bruce Norris on the Real Estate Radio Show #501

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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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