California Real Estate Headline Roundup

Smart Phones for Smart Homes

June 29th, 2015

  Today’s News Synopsis:   Recent data from the NPD Group Connected Intelligence Home Automation Advisory Service showed more and more millennials are having a smart product of some kind installed in their home.  Consumer complaints submitted to the CFPA regarding financial services have just been released.  Existing home sales that are still pending

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New home sales increase 2.2% Month-Over-Month

June 26th, 2015

      Sources: Sales of New U.S. Homes Rise to Highest Level in Seven Years U.S. Home Prices Rose 0.3% in April, FHFA Says Refi, Purchase Applications Both Up in Latest MBA Weekly Survey First-Time Buyers Drive U.S. Home Sales to Best Since 2009 Concerns lurk beneath the good news in May existing-home sales Jumbo reverse mortgage a

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The Norris Group’s Craig Hill Joins Bruce Norris on the Real Estate Radio Show #440

June 26th, 2015

  Craig Hill   Norris Group Hard Money Lender (Full Bio) Bruce Norris is joined again this week by Craig Hill of the Norris Group. Craig is the person you will be talking to if you call for a loan at the Norris Group or have an interest in trust deed investments. The topic on

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Almost 8,000 Consumer Complaints Published by the CFPB

June 25th, 2015

  Today’s News Synopsis:   In a ruling by the Supreme Court today, discriminatory claims under the Fair Housing Act may legally utilize disparate impact claims.  More and more millennials are gaining confidence when it comes to buying a home.  Almost 8,000 consumer complaints were published by the CFPB regarding consumers’ issues

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TRID Decision May Be Delayed Yet Again to October

June 24th, 2015

  Today’s News Synopsis:   The Mortgage Bankers Association reported an increase in both refinance and purchase applications.  The refinance index increased 2%, while applications increased 1.6%.  Half of the states in the country now have stable housing markets with the prosperous buying season in the spring.  The CFPB, which had already

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Jumbo Reverse Mortgages Gaining Popularity Among High-Value Homeowners

June 23rd, 2015

  Today’s News Synopsis:   The latest data from the Commerce Department showed new home sales increased last month by 2.2% to 546,000, their highest since 2008.  Home prices also increased by 0.3% the prior month according to the FHFA.  High-value homeowners are taking a bigger interest in something new: jumbo reverse

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Existing-Home Sales Increase Significantly, But What Does This Mean for the Housing Market?

June 22nd, 2015

    Today’s News Synopsis:   Existing-home sales increased significantly to their highest in 6 years with the increase in homebuyers last month.  However, this news has actually caused concern for people at organizations like Capital Economics as this increase in sales means totals sales increased 9% year-over-year and may not be able

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Despite Positive Forecast, Whether Housing Starts Will Return to Pre-Recession Levels is Still Unknown

June 19th, 2015

      Sources: Foreclosure activity hits 19-month high on rise in REOs Number of Properties With Equity Is Rising While Total of Underwater Homes Declines Builder Confidence Hits Yearly High in June Fed announces benchmark rate Banks penalized for rushed foreclosures TRID effective date pushed back to October Riverside: New drought rules restrict outdoor watering Riverside City Council Updates Water Conservation

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The Norris Group’s Craig Hill Joins Bruce Norris on the Real Estate Radio Show #439

June 19th, 2015

  Craig Hill   Norris Group Hard Money Lender (Full Bio) Bruce Norris is joined this week by Craig Hill of the Norris Group. Craig is the gentleman you would be talking to if you were going to invest in trust deeds or borrowing money from the Norris Group. Bruce asked Craig how long he has

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Ashish Pandey of Altisource Stepping Down From Position as Chief Executive Officer

June 18th, 2015

    Today’s News Synopsis:   Mortgage rates decreased slightly this week with 30-year rates now at 4% and 15-year rates at 3.23%.  Foreclosures are at their highest in 19 months, up 16% year-over-year and 1% month-over-month.  In a big news story, Ashish Pandey is stepping down as the Residential CEO of Altisource.   In

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