Today’s News Synopsis: Freddie Mac reported that although mortgage rates did show signs of increase, this month was still their slowest since 2013. The National Association of Realtors reported pending home sales increased by 5.1% to 116.3, their highest in ten years. According to the latest Multifamily Production Index by the NAHB, the market for […]
Market for Apartments and Condominiums Remains Stable Read More »
Today’s News Synopsis: The MBA reported a 2.3% increase in mortgage purchase applications while refis continue to remain about the same. Home prices are increasing at a faster rate due to the shortage of supply of new homes. Nonprime loans are making a comeback since the crash, contributing to further market growth. In The
Home Prices Increasing at Faster Rate With Shortage of New Homes Read More »
Today’s News Synopsis: Mortgage debt increased by $120 billion in the fourth quarter to its highest in 4 years according to the Federal Reserve Bank of New York. HUD and the U.S. Census Bureau reported new home sales increased 16.6% month-over-month, their highest since after the recession. The survivor bill of rights is gaining headwind in
Mortgage Debt Increases by $120 Billion in the Fourth Quarter Read More »
Today’s News Synopsis: The National Association of Realtors reported existing-home sales increased last month by 1.7% to 5.45 million. A fine dealt to Bank of America totalling $1.27 billion over fraud was overturned by the United States Court of Appeals for the Second Circuit. At the same time, the Supreme Court of Texas ruled in
Texas Supreme Court Rules in Favor of Ocwen Over Lien Settlement Read More »
Bruce Norris is joined this week by Jim Brown. Jim is the owner of Keller Williams Corona and has been in real estate for around 20 years. Bruce did a transaction with him back in 1992, even prior to him being in the business. His Keller Williams office did about a $1 billion in the
Jim Brown of Keller Williams Joins Aaron Norris on the Real Estate Radio Show #482 Read More »
Well, let’s talk about what is due to expire and what, if anything, will be extended into 2013. First and foremost are, Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac’s HAFA Short Sale Program for a borrower is due to expire this month, December 31, 2012. The current deadline is December 14, 2012
Short Sales in 2013 Read More »
Wow… 2012 was great. This month’s deals are flying around my friends and team like crazy! It’s very exciting to once again see the exhilaration in their eyes and hear it in their voices. I expect 2013 to be a continuation of 2012 as we maintain relationships with trustworthy investors that have buy/flip deals, and
Encouraging Words For 2013 Read More »
The REO business has dried up, trustee sales have declined and hedge funds have taken a large chunk out of the inventory. On the subject of hedge funds, I take it as a compliment that these well established companies see our market place as a great place to invest – something we at NorCalREIA have
Supply and demand. Since the beginning of time this rings true by David Granzella Read More »
2012 has turned out to be another great year for those of us in real estate. We were able to do a lot of flips and have a lot of fun as usual. InvestCLUB for Women is going strong and our 60- day challenge has been such a successful and fulfilling experience for us. Having
The Main Goal For 2013 Read More »
In 2012, local governments in San Bernardino County took steps to become a laboratory experiment to test an expansion of the limits of government power in real estate finance. Touted, inaccurately, as a program to save homeowners facing foreclosure, the plan would use local government power of eminent domain to take control of underwater mortgages
2012 Eminent Domain Issue Remains Unresolved Entering 2013 by Paul Hererra of IVAOR Read More »
