California Real Estate Investing News

Morgan Stanley Agrees to $3.2 Billion Settlement

February 11th, 2016

Today’s News Synopsis:   New home purchase applications increased 14% month-0ver-month according to the MBA.  Morgan Stanley just agreed to a $3.2 billion settlement to cover toxic mortgage-backed securities.  Housing prices are increasing with the bigger influx of foreign buyers.   In The News: DS News – “Renter Share Spikes in Hardest Hit Markets” (2-11-16) “Post-crisis

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Mortgage Applications Decrease as Rates Go Down

February 10th, 2016

Today’s News Synopsis:   The MBA reported a 9.3% decrease in mortgage applications with the decrease in mortgage rates.  The National Association of Realtors reported fewer and fewer people are able to afford a home with the decrease in inventory.  The Treasury Department established new rules that are intended to keep

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H.R. 3700 Passes in the House

February 9th, 2016

Today’s News Synopsis:   H.R. 3700, also known as the Housing Opportunity Through Modernization Act of 2015, was just passed by the House and if passed by the Senate will allow people an easier process for financing.  CoreLogic reported foreclosures decreased and were at their lowest level in 8 years.  Consumer

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Wells Fargo Reached $16.2 Million Settlement with Genuine Title

February 8th, 2016

Today’s News Synopsis:    The Federal Reserve reproted an increase in consumer borrowing back in Dcember by $21.3 billion.  The Super Bowl Ad aired by Quicken Loans has garnered much criticism, although there are many who thought it was an effective ad.  Wells Fargo reached a settlement with Genuine Title totalling

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Latest Job Report Came In and Showed a Slight Slowdown

February 5th, 2016

Sources: CoreLogic: Home prices maintain pace, increase 6.3% Mortgage Applications Decrease in Latest MBA Weekly Survey Builder Confidence in the 55+ Housing Market Ends Year on a Positive Note Freddie Mac: Mortgage rates fall below expectations Apartment sales worth $150 billion last year Here are the hottest top 20 housing markets for the start of 2016 The

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Rich Ford of Roofstock Joins Bruce Norris on the Real Estate Radio Show #472

February 5th, 2016

  Rich Ford Chief Development Officer for Roofstock (Full Bio) Bruce Norris is joined again this week by Rich Ford. Rich is Chief Development Officer and co-founder of Roofstock, a semi-stealth new startup based in Oakland. His website bills the company as “rental home investing made stock market simple.” Invitees who are starting to buy

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Builder confidence came in at 61, a positive number for the end of 2015

February 4th, 2016

Today’s News Synopsis: The NAHB reported builder confidence came in at 61, a high, positive number for the end of 2015.  Mortgage rates, on the other hand, were below expectations with 30-year rates at 3.72% and 15-year rates at 3.01%.  The value for apartment sales came in at $150 billion

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Ten-X Predicts Existing-Home Sales Will Reach Normal Levels This Year

February 3rd, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.6% decrease in mortgage applications from last week.  In a unique story, several bankruptcy claims were handled by several different banks after the housing bubble that produced drastically different results.  Ten-X predicts existing-home sales will reach normal levels this year.   In The

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New Repurchasing Rules Finalized By the GSEs

February 2nd, 2016

Today’s News Synopsis:   In a big news story, the GSEs have completed the final new rules for loan purchasing that will require a third party to review them.  CoreLogic reported home prices increased 6.3% year-over-year in December.  New York City is the popular place for foreign investors.   In The News: DS New –

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Urban Area Homes Increasing More Than Suburban According to Zillow

February 1st, 2016

Today’s News Synopsis: Zillow reported in many metropolitan areas homes in urban areas are increasing more than suburban areas. just released their list of the top 20 markets, Dallas, San Jose, and San Francisco being at the top.  The first employment summary for both this year and part of

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