Posts Tagged ‘Ben Bernanke’

Housing Market Loses $83 Billion A Year Due to Increased Student Debt

October 8th, 2014

Copyright: Image from www.flickr.com/photos/alancleaver/     Today’s News Synopsis: John Burns Real Estate Consulting confirmed reports by HousingWire that student debt and the housing recovery are correlated in that the housing market is losing $83 billion a year due to higher student debt.  Mortgage applications saw an increase this past week by 3.8% according to

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Ben Bernanke Says Nice Tax Breaks and Low Interest Rates Are Why He Still Wants a Mortgage

October 3rd, 2014

      Sources: September Consumer Confidence Rises to Highest Post-Recession Level Pending home sales slowed in August Home Prices in U.S. Rise at Slowest Pace in Almost Two Years Mortgage Applications Decrease Slightly in Latest MBA Weekly Survey Construction spending declines 0.8% in August Freddie Mac: Average 30-year mortgage rate drops to 4.19%, from 4.2% Mortgage Credit Availability Unchanged

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The Norris Group Real Estate News Roundup 3/3/14

March 3rd, 2014

Today’s News Synopsis: Another bank closed in Virginia, bringing the new total for closed banks in 2014 now to four.  The percentage of homeowners underwater is below 20%, the lowest in several years according to Zillow.  The most recent report from Keefe, Bruyette & Woods showed residential loans decreased by $10.2

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The Norris Group Real Estate News Roundup 2/3/14

February 3rd, 2014

Today’s News Synopsis: Originations for commercial and multifamily mortgages increased 34% and are now at their highest in 7 years.  Although Ben Bernanke’s term ended with the Federal Reserve this past weekend, he is now a Distinguished Fellow in Residence for the Brookings Institution.  Foreclosures and mortgage delinquencies showed signs of improvement

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The Norris Group Real Estate News Roundup 1/29/14

January 29th, 2014

Today’s News Synopsis: The Mortgage Bankers Association reported a decrease in mortgage applications by 0.2%.  The amount of foreclosure inventory decreased by 31% according to the latest report from CoreLogic.  Federal Reserve Chairman Ben Bernanke’s term will be up in two days, but  the decisions he made will likely not be

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The Norris Group Real Estate News Roundup 1/6/14

January 6th, 2014

  Today’s News Synopsis: Two confirmations were made today regarding leaders in government positions: Janet Yellen was confirmed as chair of the Federal Reserve, and Mel Watts was confirmed as director of the FHFA.  In the analogy of the tortoise and the hare, markets that are showing a higher growth rate are

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The Norris Group Real Estate News Roundup 1/3/14

January 3rd, 2014

Sources: GSEs Reach Foreclosure Prevention Milestone Home prices see biggest gain in eight years, but boom abating Jobless claims slip by 2,000 filings Pending Sales Numbers Indicate ‘Flattening Market’ Lenders search for Plan B HUD Awards $57 Million  to Hundreds of Public Housing Authorities to Promote Family Self-Sufficiency Bernanke: Recovery ‘remains incomplete’ Nonbank mortgage firms may return

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The Norris Group Real Estate News Roundup 9/17/13

September 17th, 2013

Today’s News Synopsis: In an updated on the Richmond eminent domain case, a federal district judge rejected a move by Wells Fargo to prevent the plan from taking place.  In other news, home builder confidence remains static at 58 after having seen four straight months of increase.  Although the housing market

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The Norris Group Real Estate News Roundup 7/10/13

July 10th, 2013

Today’s News Synopsis: According to a recent survey, the demographic most likely to buy homes that were recently foreclosed on are the younger homebuyers.  Mortgage applications decreased agains this past week by 4%.  Distressed properties also decreased in May. In The News: Housing Wire – “Bernanke defends QE3, hints tapering is imminent” (7-10-13) “In

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The Norris Group Real Estate News Roundup 6/24/13

June 24th, 2013

Today’s News Synopsis: According to the Lender Processing Services, home prices increased in every one of the largest states in the U.S, having gone up 1.5%.  Homes sold to foreign buyers decreased by 17% and now stand at $68.2 billion.  This news comes with the slowdown in the economy in both

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