Posts Tagged ‘American International Group’

NAR Reports 5.1% Increase in Existing-Home Sales

April 20th, 2016

Today’s News Synopsis:   The National Association of Realtors reported existing-home sales increased 5.1% month-over-month in March.  The Mortgage Bankers Association reported mortgage applications increased 1.3% from last week.  More and more people are interested in buying a home with interest rates continuing to decrease.   In The News: Housing Wire – “Existing home sales

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33 out of 94 Major Metropolitan Markets at their Highest in Regards to Home Prices

December 3rd, 2015

Today’s News Synopsis:   Freddie Mac reported a further decrease in mortgage rates with 30-year rates at 3.93% and 15-year rates at 3.16%.  RealtyTrac reported that 33 out of 94 major metropolitan markets were at their highest in regards to home prices.  More and more lenders who handle transitions online may

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The Norris Group Real Estate News Roundup 2/5/14

February 5th, 2014

Today’s News Synopsis: Panelists at the latest NAHB press conference predicted that multifamily housing demand will increase this year and continue to do so for several years.  The Mortgage Bankers Association reported a 0.4% increase in mortgage applications from last week.  Although 175,000 new jobs were added to the private sector

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The Norris Group Real Estate News Roundup 9/10/12

September 10th, 2012

Today’s News Synopsis: The Lender Processing Services announced home prices showed a 0.9% increase back in May.  Pending home sales also increased 2.4% in July according to the National Association of Realtors Pending Home Sales Index.  A recent survey by Fannie Mae showed consumers remain pessimistic about the economic recovery and

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The Norris Group Real Estate News Roundup 8/6/12

August 6th, 2012

Today’s News Synopsis: June saw the lowest amount of HAMP trials since the program’s inception in March 2009.  NAHB listed 80 metropolitan areas out of 32 states are showing signs of improvement.  Closing costs for mortgages decreased 7.4% in the last year with banks competing for borrowers. In The News: NAHB – “Index

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The Norris Group Real Estate News Roundup 7/25/12

July 25th, 2012

Today’s News Synopsis: New home sales decreased to 350,000 in June and are now at their lowest in five months.  Mortgage applications increased 0.9% from last week according to the Mortgage Bankers Association.  Senator Jef Merkley just submitted a plan to help underwater homeowners by having the government buy up to

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The Norris Group Real Estate News Roundup 7/19/12

July 19th, 2012

Today’s News Synopsis: Big week in the news.  Mortgage interest rates are continuing to decrease and are now at 3.53%, down from 3.56% the week prior.  Unemployment claims increased 34,000 to 386,000, the highest they have been in four weeks.  Existing home sales decreased 5.4% to 4.37 million last month, although

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The Norris Group Real Estate News Roundup 5/4/12

May 4th, 2012

Sources: Failed Bank List Homeownership Rate Falls to 15-Year Low American family rentals reach 15-year high Consumer Spending Slows Sharply in March; Savings Rate Edges Up Residential construction grows slightly in March Foreclosures Down to 69,000 in March, Inventory Also Down 2012 NAR Investment and Vacation Home Buyers Survey: Sales Uh-oh: Big banks shrink lending FHFA delays principal reduction

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The Norris Group Real Estate News Roundup 4/18/12

April 18th, 2012

Today’s News Synopsis: The Mortgage Bankers Association reported applications for mortgages increased 6.9% from last week.  In order to speed up short sales, Fannie Mae and Freddie Mac are requiring loan servicers needing more than 30 days to give them an answer in no more than 60 days.  It is expected

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The Norris Group Real Estate News Roundup 11/15/11

November 15th, 2011

Today’s News Synopsis: The FHA is looking at a possible bailout in the next twelve months after reserves decrease below the legal limit.  Fannie Mae and Freddie Mac have already received a $100 million bailout, the biggest of the financial crisis.  The San Francisco Chronicle reported a pick up in bank

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