Real Estate To Be Given Its Own Sector Starting Tomorrow

August 31st, 2016

Today’s News Synopsis: In a big story, starting tomorrow real estate will have its own sector, given by the S&P Dow Jones Indices and MSCI.  The National Association of Realtors released their latest Pending Home Sales Index for July, showing pending sales at 111.3, a 1.3% increase.  Prices for homes in

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The Latest S & P Home Price Indeces Increased in June, Primarily in the South and West

August 30th, 2016

Today’s News Synopsis: Home prices increased 5.1% year-over-year and 1% month-over-month in June, although the increases were primarily located in the South and West.  Profits from independent mortgage bankers increased twice as much in the second quarter, now at $1,686 from $825.  CoreLogic reported a 2.1% decrease in distressed sales,

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Premium Price for McMansion Sees Drastic Decline

August 29th, 2016

Today’s News Synopsis: The premium price for a McMansion home has declined drastically to 117%, down from 138% four years ago.  Commercial real estate is expected to increase only slightly in the coming year.  Industries that are seeing wages increase the most are the ones that do not pay as

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Janet Yellen Remains Confident of Interest Rate Increase

August 26th, 2016

Sources: New Home Sales Climb to Highest Level Since October 2007 Mortgage Applications Decrease in Latest MBA Weekly Survey Existing-Home Sales Lose Steam in July Apartment and Condominium Market Dips Slightly in the Second Quarter Morgan Stanley: This corner of the real-estate market is about to peak Goldman Sachs It’s Too Late to Chase the Booming Real

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Christopher Thornberg, Principal at Beacon Economics, Joins Bruce Norris on the Real Estate Radio Show #501

August 26th, 2016

  Principal at Beacon Economics (Full Bio)   On Friday, October 21, the Norris Group proudly presents its 9th annual award-winning black tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation and opportunities emerging for real estate professionals. Proceeds for

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HARP Plan Extended to 2017 As FHFA Prepares New Refinance Plan

August 25th, 2016

Today’s News Synopsis: The HARP plan has been extended into 2017 in order to allow people to be better prepared for the new refinance plan launching at the end of next year.  The market for apartments and condos now stands at 50 after decreasing three points.  The number of baby

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Airbnb May be Prevented From Doing Short-Term Rentals

August 24th, 2016

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

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GSEs Release Newly Revised Uniform Residential Loan Application

August 23rd, 2016

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

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Goldman Sachs Warning Investors Not to Purchase Real Estate Stocks

August 22nd, 2016

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

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Scott Robinson, President of the Appraisal Institute, Joins Bruce Norris on the Real Estate Radio Show #500

August 19th, 2016

  President of the Appraisal Institute (Full Bio)   Bruce Norris is joined this week by Scott Robinson. Scott is the Appraisal Institute president and holds designations as MAI, SRA, and AIGRS in the appraisal world. He has been involved in appraising in North Carolina for most of his life and followed in the

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