California Real Estate Headline Roundup

MERS Has Authority to Foreclosure According to Recent Ruling

July 27th, 2015

  Today’s News Synopsis:   New home sales were not up to par last month after having decreased 6.8% to 482,000 according to the latest data from HUD and the US Census Bureau.  At the same time, demand for homes may be less active according to the lastest Redfin data.  A recent

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New Home Sales Decrease 6.8% from May

July 24th, 2015

      Sources: Existing U.S. Home Sales Climb to Highest Level in 8 Years New home sales fall 6.8% from May Average rate on 30-year mortgage falls Fed Rules Eight Banks to be Held to Minimum Capital Holdings or Surcharges CFPB Sets Final TRID Rule Effective Date TILA-RESPA Integrated Disclosure rule implementation Boomers Competing With Millennials for U.S. Urban

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Erik Hernandez Joins Bruce Norris on the Real Estate Radio Show #444

July 24th, 2015

  Erik Hernandez Lee and Associates (Full Bio) Bruce Norris is joined this week by Erik Hernandez. Erik is the senior vice president and principal with Lee and Associates. During his career he has worked individually and with a team of brokers within Lee & Associates where the team achieved regional and national recognition

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Fannie Mae Expects Strong Second Half After Positive First Half of Year

July 23rd, 2015

  Today’s News Synopsis:   Fannie Mae reported a good start to this year in the way the economy performed and is expected the second half of the year to do the same or better.  Shares of all-cash buys decreased to its lowest in 82 months, which in turn lead to the

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Bill Introduced By Texas Lawmakers to Do Away with CFPB

July 22nd, 2015

  Today’s News Synopsis: The National Association of Realtors reported existing home sales increased 3.2% to their highest in 8 years.  A new bill was introduced by lawmakers in Texas to do away with the CFPB for good.  The Mortgage Bankers Association reported an increase in their forecast for lending on

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CFPB Sets TRID Rule Discussion Date For October 3, 2015

July 21st, 2015

  Today’s News Synopsis:   The CFPB has finally set its date to discuss the TRID rule for October 3, 2015.  Although baby boomers and millennials have been competing in the rental market, it is believed soon the baby boom generation will be leading the competition and causing an increase in rents

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JPMorgan Reaches Settlement Totaling $388 Million Over Mortgage-Backed Securities

July 20th, 2015

  Today’s News Synopsis:   The Federal Reserve made the decision today that the top eight banks in the nation must comply with the minimum requirements for capital holdings if they do not want to face extra surcharges.  JPMorgan Chase just reached a settlement with investors of mortgage-backed securities totaling $388 million.

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Home Prices in San Francisco Reach Record Highs

July 17th, 2015

      Sources: Foreclosure inventory hits 8-year low FHFA Demonstrates Progress Toward Goal of Keeping At-Risk Families in Homes Builder Confidence Hits Highest Level Since November 2005 Applications for New Home Purchases Increased in June CoreLogic: Foreign buyers back off U.S. housing market Chasm developing between homeowner, appraiser opinions NY Fed: Consumers cautiously optimistic about economy Millennials Will Outgrow the

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Randy Grigg of Elite Auctions Joins Bruce Norris on the Real Estate Radio Show #443

July 17th, 2015

  Randy Grigg   President of Elite Auctions (Full Bio) Bruce Norris is joined again this week by Randy Grigg. Randy is an entrepreneur, business owner, property manager, buy and hold real estate investor, and author of The Carrot Approach to Single-Family House Management. When Bruce buys a property, he is always thinking that he is

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Builder Confidence Increases One Point

July 16th, 2015

  Today’s News Synopsis:   The NAHB reported an increase in builder confidence, which now stands at 60.  Applications for new home purchases increased last month by 1%.  Bank of America reported growth in their mortgage sector, while Goldman Sachs reported an almost 50% decrease in their profit.   In The News: NAHB - “Builder Confidence

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