Default Rates for Bank Cards at Highest in Almost 4 Years According to Latest S & P/Dow Jones Indices

February 21st, 2017

Today’s News Synopsis: The latest S & P and Dow Jones Indices showed default rates for bank cards were at their highest in almost 4 years in January, up three basis points from 0.92%.  Several holders of hedge funds were unsuccessful in their attempt to have a ruling overturned that

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$12.3 Billion Was the Reported Annual Net Income for 2016 for Fannie Mae

February 17th, 2017

Sources: America’s Suburban Hotspots 17.3 Million U.S. Homes with Combined Value of $4.9 Trillion in Zip Codes with High Environmental Hazard Risk The Bay Area Tops List of Best Markets for Sellers; Baltimore and Miami Are the Best for Buyers When It Comes to Moving, Millennials Are Stuck in the Mud Delinquencies Increase in Fourth

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Mike O’Neill of O’Neill Property Management Joins Bruce Norris on the Real Estate Radio Show #526

February 17th, 2017

    Property Manager/Broker of O’Neill Property Managment (Full Bio)   Bruce Norris is joined again this week by Mike O’Neill. Mike owns O’Neill Property Management in Riverside, which has been open for business for many years. He has not only been a manager, but also a property owner and investor. Episode Highlights What sparked Mike’s interest in

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Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

February 16th, 2017

Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to

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MBA Reported Increase in Delinquencies on Mortgages in Fourth Quarter

February 15th, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported a 3.7% decrease in mortgage applications from last week.  They also reported an increase in delinquencies in the fourth quarter, putting them now at 4.8%.  NAHB reported builder confidence decreased slightly to 65 but continues to remain stable. In The News: Mortgage Bankers Association –

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More Millennials Today Prefer to Stay in One Spot

February 14th, 2017

Today’s News Synopsis: Janet Yellen of the Federal Reserve said the economy stays as it is, we may see more rate hikes in the future.  Fannie Mae sold more of its nonperforming loans off today, including those from their sixth Community Impact Pool.  The latest census data from Pew Research

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Realtor.com Releases List of Top Suburban Areas in America

February 13th, 2017

Today’s News Synopsis: Realtor.com released their list of the top suburban areas in America.  A house that remains on the market, still waiting for an owner, is the former home of Lou Gerhrig, which he originally bought as a fixer-upper.  A new chief economist, Mark Calabria, has just been hired

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Airbnb Sued for First Time By New York Property Managers

February 10th, 2017

Sources: House flipping is back, with all its opportunities and risks Mortgage Credit Availability Increases in January CoreLogic US Home Price Report Shows Prices Up 7.2 Percent in December 2016 Number of Seriously Underwater Properties Down 1 Million From Year Ago, Down 7.1 Million From Market Bottom in Q1 2012 Mortgage Rates in Holding Pattern Redfin Names

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Mike O’Neill of O’Neill Property Management Joins Bruce Norris on the Real Estate Radio Show #525

February 10th, 2017

    Property Manager/Broker of O’Neill Property Managment (Full Bio)   Bruce’s special guest this week is Mike O’Neill. Mike owns O’Neill Property Management in Riverside, which has been open for business for many years. Episode Highlights How did Mike first get started in the property management business? Who are his typical clients? How does he determine whether or not

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‘Mismatched Markets’ On the Rise for Many Customers

February 9th, 2017

Today’s News Synopsis: ATTOM Data Solutions reported seriously underwater properties decreased by 1 million year-over-year and 7.2 million from their bottom in 2012.  Mortgage rates continue to remain steady with 30-year rates at 4.17% and 15-year rates at 3.39%.  Trulia’s research showed more and more people are wanting homes not

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