California Real Estate Investing News

Fed Reform Act Supported by Several Nobel-Prize Winners

February 12th, 2016

Sources: US consumer borrowing accelerated in December Applications for New Home Purchases Decreased in November CoreLogic: Foreclosures fall to lowest level since 2006 Morning Briefing: Confidence in housing market slips as income stalls Wells Fargo settles mortgage kickback class action lawsuit for $16.2 million It’s Settled: Morgan Stanley Agrees to Pay $3.2 Billion to Resolve Toxic

Read More »

Harry Dent of Dent Research Joins Bruce Norris on the Real Estate Radio Show #473

February 12th, 2016

Author of The Demographic Cliff and Editor of Economic and Market Newsletter (Full Bio) Bruce Norris is joined this week by Harry Dent. Harry is the founder of Dent Research, an economic forecasting firm specializing in demographic trends. His mission is helping people understand change using exciting new research developed from years of

Read More »

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

Read More »

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

Read More »

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

Read More »

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

Read More »

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

Read More »

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

Read More »

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

Read More »

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

Read More »