Janet Yellen and Fed Investigating Big Banks After Accusations Arise Against Wells Fargo

September 28th, 2016

Today’s News Synopsis: Mortgage applications decreased by 0.7% as a result of a decrease in refinancing.  The American Institute of Architects released their latest researched showing what kind of special function rooms consumers prefer, the top being outdoor living spaces, mud rooms, and home offices.  Following accusations against Wells Fargo

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Home Price Gains Slower in July, Coming in at 5%

September 27th, 2016

Today’s News Synopsis: The housing market showed strong, positive signs over the summer with 76% of markets being normal or above, while Miami, Florida ranked at the bottom.  One of the reasons for weak sales in some areas despite strong demand is a lack of appraisers.  According to the latest

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New Home Sales Decrease But Still Remain Strong

September 26th, 2016

Today’s News Synopsis: HUD and the Census Bureau reported new home sales decreased 7.6% in August but continue to remain strong at 609,000.  Delinquencies also declined 9 basis points, but as well they are still high compared to the early part of the millennium.  In a surprising story, property that

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San Francisco Residents Getting Quite a Shock From Leaning Millennium Tower

September 23rd, 2016

Sources: Builder Confidence Surges in September Housing Production Hits a Mild Speed Bump in August Commercial/Multifamily Mortgage Debt Outstanding Continues to Grow Despite CMBS Decline These 10 markets desperately need more housing inventory 2016’s Most Fun Cities in America FOMC leaves rates unchanged in September meeting America’s TV boom is a hot opportunity for real estate developers Surging

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Gary Acosta of the NAHREP Joins Bruce Norris on the Real Estate Radio Show #505

September 23rd, 2016

  Co-founder and CEO of the NAHREP (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.

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Yellen Says Job Market Looking Better, Though Data Seems to Show Otherwise

September 22nd, 2016

Today’s News Synopsis: The House Financial Services Committee held another hearing today regarding their report they submitted back in June on threats and vulnerabilities in the market.  Janet Yellen said yesterday the job market is looking better, although labor flows data seems to show a lack of stability with employment.

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Fed Has Decided Not to Raise Interest Rates….For Now

September 21st, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported that even in the midst of mortgage-backed securities decreasing, mortgage debt for commercial and multifamily properties continues to increase.  The Federal Reserve has decided not to increase interest rates at this time, although the debate is not over yet as they are

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More Real Estate Firms Positive About Future Earnings

September 20th, 2016

Today’s News Synopsis: HUD and the Commerce Department reported a 5.8% decrease in housing starts last month.  The NAR held a survey recently showing more and more real estate firms and brokerages are positive about future profit.  Stocks increased as people continue to wait to see what decision the Fed

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NAHB Reported Builder Confidence Increased to 65 This Week

September 19th, 2016

Today’s News Synopsis: The NAHB reported builder confidence increased this month from 59 to 65.  The National Association of Realtors released a list of markets that are down in their construction of new homes, which came out to 80% of metropolitan areas measured by the industry.  The ESR group connected

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USC Neighborhood Sees Surge In Homes Prices As More Rush Here to Develop and Flip Homes

September 16th, 2016

Sources: Mortgage Rates Head Up U.S. Home Flipping Increases to a Six-Year High in Q2 2016 Mortgage Applications Increase in Latest MBA Weekly Survey National Foreclosure Rates Back to Pre-Crisis Levels in July Buyer sentiment stunted by ‘dearth of homes for sale’ U.S. Households’ Income Shows Biggest Jump Since Recession Even the CEO of Zillow thinks you

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