The Norris Group Blog

California Real Estate Headline Roundup

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

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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

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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

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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

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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

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The Norris Group Real Estate News Roundup 4/11/14

April 11th, 2014

Today’s News Synopsis: Aaron gives highlights from the news of the week in today’s real estate headline roundup.  You can read the stories in length in the blog below. In The News: Housing Wire - “Mortgage rates drop in time for spring homebuying” (4-11-14) “As the market heads into the spring homebuying season, mortgage rates

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John Bohannon of Build Zig Joins Bruce Norris on the Real Estate Radio Show #377

April 11th, 2014

  John Bohannon Director of Business Development at Build Zig (Full Bio) Bruce Norris is joined this week by John Bohannon. He is one of the partners in Buildzig, and he has a lot of experience in the builder control industry. He is on the company called Builder Control Inc, a funds disbursement company

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The Norris Group Real Estate News Roundup 4/10/14

April 10th, 2014

Today’s News Synopsis: Mortgage rates decreased right at the start of the spring homebuying season with 30-year rates now at 4.34% and 15-year at 3.38%.  Claims for unemployment decreased by 32,000 to 300,000, putting them at their lowest level since 2007.  Foreclosures increased 4% month-over-month in March but decreased 23% year-over-year,

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The Norris Group Real Estate News Roundup 4/9/14

April 9th, 2014

Today’s News Synopsis: Mortgage applications decreased by 1.6% in the latest Mortgage Bankers Association Survey.  Weather conditions had a large effect the growth of the economy according to the Federal Open Market Committee.  Despite in years past making up only a small percentage of the market, second-home mortgages have increased since

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