Posts Tagged ‘Case-Shiller index’

Home Prices in U.S. Increase to New Highs in September

November 29th, 2016

Today’s News Synopsis: Home prices in the U.S. increased 5.5% in September to new highs.  GDP increased in the third quarter, fueled by an increase in consumer spending according to the Commerce Department.  Fewer consumers and investors are choosing to live near the coast as they believe it to be a

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Cash Sales of Homes Decrease to 31.3% According to CoreLogic

September 29th, 2015

  Today’s News Synopsis:   According to the latest S&P/Case-Shiller Index, home prices increased 5% year-over-year in July in 20 cities across the country.  At the same time, cash sales decreased to 31.3% from 33.9% year-over-year in June according to CoreLogic. reported now is a better time than ever to purchase

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First-Time Buyer Mortgage Risk Index Shows Increased Risk in Mortgage Loans

May 26th, 2015

    Today’s News Synopsis:   Home prices saw a 5% increase in 20 cities throughout the United States.  Both mortgage risk and first-time buyer shares increased with first-time buyers making up 57.9% of mortgages on owner-occupied homes and mortgage risk at 52.2%.  The First-Time Buyer Mortgage Risk Index showed an increased risk

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Rental Investment Still Positive Despite Home Sales to Institutional Investors At Its Lowest in Four Years

February 24th, 2015

  Today’s News Synopsis: Home prices gained momentum in 20 cities according to the latest S&P/Case-Shiller Index, having shown an increase of 4.6% year-over-year.  Rental investments for single families homes is still showing positive signs despite the sale of homes to institutional investors being at its lowest in four years.  A

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Mortgage Originations Increase for First Time in a Year

November 25th, 2014

  Today’s News Synopsis: The pace of home price growth was slow in 20 U.S. cities, having increased only 4.9% year-over-year compared to 5.6% in the year ended in August.  At the same time, the median price for distressed residential properties increased 18% last month.  Mortgage originations increased for the first

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FHFA Director Mel Watt Not Getting Involved in Mortgage Reform Debate

May 14th, 2014

  Today’s News Synopsis: FHFA director Mel Watt announced he will not be getting involved in the mortgage reform debate nor be increasing the limits on loans.  Rather, he will be leaving this work to Congress.  In addition, Democrat Gary Peters from Michigan said he does not see reform happening for Fannie

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Consumers Granted Easier Access to Loans with New FHA and GSE Plan

May 13th, 2014

  Today’s News Synopsis: The FHA and GSEs are coming up with a new way for consumers to have easier access to mortgage credit and to Fannie and Freddie loans.  Housing affordability increased in the first quarter with 65.5% of new and existing homes being affordable compared to 64.7% in the fourth

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The Norris Group Real Estate News Roundup 6/25/13

June 25th, 2013

Today’s News Synopsis: Home prices increased in April by 12.1% year-over-year, exceeding expectations.  The national delinquency rate stood at 6.08% in May, the lowest since May 2008.  At the same time, foreclosure inventory also decreased to 3.05%, the lowest since March 2009.  A new bill was drafted to replace Fannie Mae

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Aaron and Bruce Norris of The Norris Group on the Real Estate Radio Show #334

June 14th, 2013

Aaron Norris, Marketing Director of The Norris Group (Full Bio) Bruce Norris, Realtor, Investor, Hard Money Lender, Educator (Full Bio) In a reversal this week, Bruce Norris is the special guest again this week. He is interviewed by Aaron Norris, his son and Vice President of the Norris Group. Bruce is the president and founder of

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The Norris Group Real Estate News Roundup 6/5/13

June 5th, 2013

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications decreased 11.5% from last week.  135,000 new jobs were added to the private sector last month according to a recent report by ADP.  Fannie Mae announced today their plan for making the short sale process move faster and more effectively. In The

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