The Norris Group Blog

California Real Estate Headline Roundup

The Norris Group Real Estate News Roundup 4/24/14

April 24th, 2014

Today’s News Synopsis: Mortgage rates increased slightly after showings signs of decrease for two weeks in a row.  30-year rates are now at 4.33% and 15-year rates at 3.39%.  Refinances completed by HARP decreased in February with only 21%, or 26,964 completed.  The CFPB released a 69-page report showing that mortgage

Read More »

The Norris Group Real Estate News Roundup 4/23/14

April 23rd, 2014

Today’s News Synopsis: Sales of new homes decreased by 14.5% to 384,000, their lowest in 8 months.  Mortgage applications on also decreased from last week by 3.3%.  The Leading Economic Index by the Conference Board, which keeps track of everything from unemployment to consumer expectations, increased 0.8% last month to 100.9. In

Read More »

The Norris Group Real Estate News Roundup 4/22/14

April 22nd, 2014

Today’s News Synopsis: The FHFA reported home prices increased 6.9% year-over-year in February and 0.6% month-over-month.  At the same time, sales of existing homes decreased last month decreased last month by 0.2% to 4.59 million, down from 4.60 million.  Housing expectations are not as high for this year according to the

Read More »

The Norris Group Real Estate News Roundup 4/21/14

April 21st, 2014

Today’s News Synopsis: Mortgage-backed securities totaling $3.5 billion were issued by Fannie Mae in the first quarter of 2014.  More and more homeowners are choosing to use all cash to finance their homes according to a recent survey by the Campbell/Inside Mortgage Finance.  Representative John K. Delaney recently announced his plans to

Read More »

John Bohannon of Build Zig Joins Bruce Norris on the Real Estate Radio Show #378

April 18th, 2014

  John Bohannon Director of Business Development at Build Zig (Full Bio) Bruce Norris is joined again this week by John Bohannon. He is co-owner of a company called Build Zig, and they are in the builder control business among other things. They take projects from the very beginning all the way to the

Read More »

The Norris Group Real Estate News Roundup 4/17/14

April 17th, 2014

Sources: Fitch:Apartments are filling up Confidence Among U.S. Homebuilders Increases Less Than Forecast Applications for New Home Purchases Increased in March 2014 Mortgage Applications Increase in Latest MBA Weekly Survey Housing Starts Rise 2.8 Percent in March Lending Plunges to 17-Year Low as rates Curtail Borrowing Freddie Mac: Mortgage rates fall two weeks straight Borrowers who got

Read More »

The Norris Group Real Estate News Roundup 4/16/14

April 16th, 2014

Today’s News Synopsis: Housing starts increased slightly by 2.8% last month, increasing to 946,000 units from 920,000.  Mortgage applications increased again by 4.3% from last week.  First quarter earnings for Bank of America were low due to an increase in legal expenses. In The News: DS News - “Bank of America Legal Expenses Hurt

Read More »

The Norris Group’s Bruce Norris to speak at MBA’s first Single-Family Rental Finance Summit

April 15th, 2014

Bruce Norris, president of The Norris Group, will serve as a panelist at the Mortgage Bankers Association’s Single-Family Rental Finance Summit 2014, the first MBA conference of this type. The summit is set for April 22 in Arlington, Va.

The Norris Group Real Estate News Roundup 4/15/14

April 15th, 2014

Today’s News Synopsis: Mortgage applications increased 15% according to the latest Builder Application Survey by the Mortgage Bankers Association.  Builder confidence increased below expectations to only 47 this month with relatively flat sales and buyer traffic.  A recent report by Mortgage Daily showed mergers with banks is actually outpacing bank failures despite their

Read More »

The Norris Group Real Estate News Roundup 4/14/14

April 14th, 2014

Today’s News Synopsis: A recent lawsuit by the FHFA against Deutsche Bank was just dismissed by a judge in New York.  Borrowers could end up paying billions of dollars in tax money if they received aid from their banks.  Defaults for commercial mortgage-backed securities decreased for the fourth year in a

Read More »