Today’s News Synopsis: The Mortgage Bankers Association reported a 2.1% decrease in mortgage applications from last week. Existing-home sales also declined last month by 3.2% according to the National Association of Realtors. Airbnb may be facing some changes as local governments are attempting to pass new rules that will prevent the company from doing short-term […]
Airbnb May be Prevented From Doing Short-Term Rentals Read More »
Today’s News Synopsis: HUD and the Census Bureau reported a 12.4% increase in new home sales, putting the at their highest in 9 years. A new bill called the Homeowner Survivor Bill of Rights was just approved by the California Assembly that would protect widows and widowers from being foreclosed on unnecessarily. Fannie Mae and
GSEs Release Newly Revised Uniform Residential Loan Application Read More »
Today’s News Synopsis: Goldman Sachs warned investors about purchasing real estate stocks at this point, saying there is too much risk right now. The area of the real estate market that is expected to be at a high point is construction on nonresidential structures. Fannie Mae believes a weak job market is a big contributing
Goldman Sachs Warning Investors Not to Purchase Real Estate Stocks Read More »
Today’s News Synopsis: Aaron Norris of the Norris Group gives this week’s Norris Group real estate headline roundup commemorating the 500th episode of the Norris Group radio show. A new list of cities with the best and weakest growth in the job market in the U.S. Chicago just saw growth in their real estate market
List of Best and Weakest Job Growth Cities Has Been Released Read More »
Today’s News Synopsis: Real estate areas that are seeing the biggest increases are ironically the same areas most affected by the real estate downturn. Wealthy house collectors, known for owning multiple homes, are now starting to own multiple luxury homes. Outlook continues to remain uncertain for the U.S. housing market. In The News: CNBC – “Nearly
Outlook Continues to Remain Uncertain for the U.S. Housing Market Read More »
Today’s News Synopsis: The California Association of Realtors reported a decrease in existing-home sales for July, down 4.1% month-over-month and 5.1% year-over-year. The Mortgage Bankers Association reported a 4% decrease in mortgage applications despite mortgage rates being at their lowest on record. Federal Officials are still torn on the decision of whether or not to
Feds Still Torn on Decision to Raise Rates Read More »
Today’s News Synopsis: People affected by flooding in the Lousiana area have the option of receiving mortgage assistance, as Fannie Mae has reminded them. The latest data from both HUD and the Commerce Department showed a 2.1% increase in housing starts, in part to an increase in multifamily housing. Interest rates may need to increase
Interest Rates May Need to Increase at Least Once This Year Read More »
Today’s News Synopsis: The NAHB reported an increase in builder confidence by 2 points, putting it now at 60. The Real Estate Board of New York released a report showing real estate brokers have less optimism in the market, but this could actually be good for those wanting to buy or rent. The CFPB has
Sources: CoreLogic: Foreclosure inventory finally back to housing-boom levels Mortgage Applications Increase in Latest MBA Weekly Survey Rising Home Prices Affect Housing Affordability in the Second Quarter 6.7 Million Seriously Underwater Properties in Q2 2016 Down 776,000 From a Year Ago, Down 6.1 Million From Q2 2012 Peak Connecticut Supreme Court upholds new fee on
Zillow Asked if More People Renting Out of Choice and Not Necessity Read More »
Bruce Norris is joined this week by Peter Aldana. Peter was elected as the assessor-county clerk-recorder for Riverside County in June 2014. He has been with the assessor’s office for over 25 years in a variety of appraisal, supervisory, and management positions. He is a lifelong resident of Riverside County. He earned his B.A. from
