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mortgage activity

Numbers Looking Good for Mortgage Activity with the Big Banks

Sources: Foreclosures, serious delinquencies nearing decade low Mortgage Credit Availability Decreases in June NAHB: Single-family building lot sizes shrink to record low June construction starts up 4% – but seasonal decline is on the horizon Millennials with student debt not interested in buying homes Rising prices move hundreds of thousands into positive equity The American […]

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Rick Solis

Appraiser/Investor Rick Solis Joins Bruce Norris on the Real Estate Radio Show #495

Bruce Norris is joined this week by Rick Solis. Rick is a real estate investor, property manager, note buyer, options investor, real estate appraiser, and a good teacher. Episode Highlights What made Rick decide to manage rental properties himself? How did he determine who made a good tenant? Why do people prefer renting as opposed to

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foreclosed sign

CoreLogic Releases List of Top States for Foreclosure Filings

Today’s News Synopsis: The latest Builder Applications Survey from the Mortgage Bankers Association reported a 0.2% decrease in new home purchase applications in June.  CoreLogic just released a list of the top states with the most foreclosures filed, New Jersey being#1 on the list.  Construction starts on nonresidential properties increased 4.2% month-over-month in June. In

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farm

Communities Centered on the Farm Becoming More Popular for Homebuyers

Today’s News Synopsis: The Mortgage Bankers Association reported a 7.2% increase in mortgage applications.  The main group right now not interested in purchasing a home is millennials still paying their student debt.  Interestingly, a popular site now for a lot of home-buyers are those centered on the farm. In The News: Mortgage Bankers Association – “Mortgage

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building lots

Building Lots for Single-Family Homes at Lowest on Record

Today’s News Synopsis: Building lots for single-family homes were shown to be at their lowest on record at 8,600 square feet.  Corelogic reported foreclosures and serious delinquencies are at their lowest since 2007 with foreclosures around 390,000.  More and more people are moving out of negative equity as prices continue to increase. In The News:

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construction jobs

Little to No Activity For Construction Jobs Was Reported in June

Today’s News Synopsis: There was little to no activity for construction jobs in June with the unemployment rate decreasing to its lowest in 16 years.  Clear Capital believes the South will see the biggest growth for the housing market.  Despite mortgage rates being at their lowest on record, several people are still finding it hard

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positive jobs

Employment Sees Positive Numbers for June with 287,000 New Jobs

Sources: Mortgage Delinquency Mends While Student and Auto Loans Worsen Mortgage Rates: A Near-Record Low And A Near-Record Run The Brexit impact is real: Refis jump to 18-month high CoreLogic: Housing is ‘oasis of stability’ with 1.3% May home price gain Hillary or Donald: Who’s Better For Housing? Experts: Housing to Grow Steadily, But Maybe

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job scrutiny

Following Brexit, Jobs Report to Have Additional Review

  Today’s News Synopsis: The rate on seriously delinquent loans decreased to below 1/4 of where they were at the peak.  Mortgage rates are also at record lows with 30-year rates at 3.41%.  Following the situation with Brexit, economists planned to spend more time reviewing the jobs report for June. In The News: Housing Wire –

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foreign buyer

More Foreign Investors Leaving Real Estate Market

Today’s News Synopsis: In the wake of Brexit, refinance applications increased 14.2% from last week, their highest increase in 18 months.  A new, more up-to-date forecast of the commercial/multfiamily real estate market was released by the MBA, putting them both at about $500 billion this year.  More foreign investors are leaving the U.S. real estate

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