California Real Estate Headline Roundup

Posts Tagged ‘CBRE Group’

By Bruce Norris .

The Norris Group Real Estate News Roundup 11/1/13

Friday, November 1st, 2013

 

Today’s News Synopsis:

Aaron Norris gives the news of the week in this week’s real estate headline roundup video.  Foreclosures decreased in September by 39% year-over-year in September and continue to show signs of decrease.  Over half of consumers fear another imminent housing bubble despite the housing market showing signs of improvement.


In The News:

Inman“The recovery depends on housing, and housing depends on mortgage credit” (11-1-13)

“The Shutdown has opened, but has been replaced by Stuck.  Interest rates are stuck, the 10-year Treasury wandering north of 2.5 percent, and mortgages wandering south of 4.5 percent.”

Housing Wire“Single-family rental securitization market boasts near trillion-dollar potential” (11-1-13)

“The REO-to-rental securitization deal that Blackstone (BX) subsidiary Invitation Homes brought to market is just the tip of the iceberg, with KBW analysts forecasting a nearly trillion dollar market when calculating the lingering possibilities that exist for single-family rental securitization deals.”

DS News - “Carrington Extends Wholesale Business to Banks, Credit Unions” (11-1-13)

“Carrington Mortgage Services’ wholesale lending division is expanding its offerings to include banks and credit unions as approved third-party originators, the company announced.”

Bloomberg“Fannie Mae Sues Banks for $800 Million Over Libor Rigging” (11-1-13)

“Fannie Mae (FNMA) sued nine banks, alleging that their manipulation of the benchmark London interbank offered rate, which four of them have admitted, cost the mortgage-financing company about $800 million.”

Mortgage Professional America - “Foreclosures continue to plummet” (11-1-13)

Foreclosures plummeted year-over-year in September, according to a leading analytics firm.”

Housing Wire“Las Vegas September home sales buoyed by move-up buyers” (11-1-13)

“Despite the Las Vegas area posting a slowdown in sales last month when compared to August, overall activity was still slightly higher when compared to year ago levels, as relatively strong move-up buyers buoyed sales, the most recent DataQuick report reveals.”

DS News“Half of Consumers Fear Another Housing Bubble is Forming” (11-1-13)

“While many indicators suggest the housing market is on the road to recovery, some fear another bubble is already forming.”

Los Angeles Times - “How ‘mature’ is the performance of your office” (11-1-13)

“Real estate services firm CBRE Group Inc. has turned its downtown Los Angeles office into a “free-address” setup where nobody — including the chief executive — has a permanent desk.”

Hard Money Loan Closed

Redlands, California hard money loan closed by The Norris Group private lending. Real estate investor received loan for $135,000 on a 3 bedroom, 2 bathroom home appraised for $200,000.

 

Bruce Norris will be speaking at the Anaheim REI Expo on Sunday, November 3, 2013.

Looking Back:

Unemployment claims decreased again the previous week to 363,000 according to the Labor Department.  Mortgage rates were at record lows again after decreasing to 3.39% this week.  15-year rates were also at 2.7%.  Spending on construction also increased to the highest level since 2009 and was at $851.6 billion.

For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

The Norris Group Real Estate News Roundup 1/30/12

Monday, January 30th, 2012

Today’s News Synopsis:

In the latest survey released by the National Association of Realtors, existing home sales increased for the third month in a row.  At the same time, the latest Case-Shiller Index expects home prices will decrease another 1% this year, but they predict an overall 3.8% in the economy by 2013.  Construction on private nonresidential homes is also expected to be on the rise with the growing demand for more construction jobs.

In The News:

Bloomberg“Construction Rises as Architects Show U.S. Nonresidential Bounce” (1-29-12)

“Private nonresidential construction may pick up this year, as demand grows for new U.S. projects.  The Architecture Billings Index held at 52 last month, a sign of expansion, according to the American Institute of Architects. The commercial and industrial component — a proxy for private building activity — climbed to 54.1 in December, the highest in 10 months, the Washington-based association said Jan. 18.”

Los Angeles Times“Industrial property leases jumped nationally in 2011″ (1-29-12)

“New industrial real estate leases signed in 2011 returned to levels not seen since prior to the recession of 2008-09, according to year-end statistics for the nation’s industrial market compiled by a real estate brokerage.”

Housing Wire“Home prices to fall 1% in 2012, rebound in 2013: Fiserv Case-Shiller” (1-30-12)

“The double-dip in home prices that began two years ago continued through the third quarter of 2011, according to the Fiserv (FISV: 62.61 -0.70%) Case-Shiller Indexes released Monday. However, there are signs of a recovery for 2013.”

Bloomberg“Commercial-Mortgage Bond Rally May Have Run Out of Steam, Citigroup Says” (1-30-12)

“A rally in risky commercial-mortgage bonds may have run its course after a surge in trading, according to Citigroup Inc. (C)  Values on so-called AM and AJ securities, some of which have been cut to junk after being assigned top grades at issuance, increased “remarkably” during the first half of January, Citigroup analysts led by Jeffrey Berenbaum said in a Jan. 27 report.”

Realty Times“Real Estate Outlook: Existing-Home Sales Rise Again” (1-30-12)

“The National Association of Realtors latest existing-home sales survey shows that sales are on the rise again. This is the third straight month of increases as well the rate rising above year ago levels.”

DS News“Homeowner Satisfaction Rate at 72%, Highest for Short Sale Purchasers” (1-30-12)

“Seventy-two percent of homeowners say they are satisfied with homeownership, according to a recent survey of more than 1,400 homeowners conducted by HomeGain, a provider of online marketing programs that connect agents and brokers with home buyers and sellers.”

San Francisco Chronicle“Bernanke Beats Obama for Mortgage-Bond Investors: Credit Markets” (1-30-12)

“Mortgage-bond investors have been betting that Federal Reserve Chairman Ben S. Bernanke will do more to aid housing than President Barack Obama.  Government-backed mortgage bonds are poised to return the most this month since October relative to Treasuries, with the Fed helping push yields on lower-coupon notes that guide loan rates to record lows.”

Inman“Report: Freddie Mac bets against homeowner refinancings” (1-30-12)

“In 2010 and 2011, mortgage giant Freddie Mac invested billions of dollars on bets that homeowners with high-interest mortgages would not be able to refinance at today’s lower interest rates, according to a joint investigation conducted by NPR and ProPublica, a nonprofit, independent news agency.”

Wall Street Journal“Warehouses Fill, Brightening Industrial Space” (1-30-12)

“One often-overlooked corner of commercial real estate showed signs of stabilizing in the fourth quarter, as healthy demand for warehouse space helped push down the industrial vacancy rate.”

Bloomberg“CBRE Drops on Investors’ Transaction-Volume Scrutiny: San Francisco Mover” (1-30-12)

“CBRE Group Inc., the world’s largest commercial real estate services firm, fell the most in six weeks as investors focus on fourth-quarter transaction volumes ahead of earnings reports.”

Housing Wire“New York 2011 home sales off pace, prices stabilize” (1-30-12)

“Fueled by a strong fourth quarter, home sales in New York state rebounded somewhat but still finished 3.9% behind 2010 figures. The New York State Association of Realtors said the more positive 2010 numbers likely reflect the boost from the federal homebuyers’ tax credit.”

Hard Money Loan Closed

Los Angeles, California hard money loan closed by The Norris Group private lending. Real estate investor received loan for $165,000 on a 3 bedroom, 2 bathroom home appraised for $244,000.

California Real Estate Investor Events:

Bruce Norris of The Norris Group will be at the Advanced Investing Skills and Strategies 2.5 on February 4, 2012.

The Norris Group posted a new event. Bruce Norris of The Norris Group will be at the 2012 Kick Off Brunch on February 18, 2012.

For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

The Norris Group Real Estate News Roundup 12/07/11

Wednesday, December 7th, 2011

Today’s News Synopsis:

According to the latest survey released by the Mortgage Bankers Association, mortgage applications are up 12.8% from last week.  In the whole world, home prices did not show any signs of change in the third quarter.  TransUnion forecasted mortgage delinquencies would decrease almost 7% by 2012.

In The News:

Housing Wire - “World housing prices stagnate in 3Q” (12-7-11)

“Global home prices idled in the third quarter, staying at the same level from the second quarter, according to the Knight Frank Global House Price Index.”

Mortgage Bankers Association - “Mortgage Applications Increase in Latest MBA Weekly Survey” (12-7-11)

“Mortgage applications increased 12.8 percent from one week earlier (which included the Thanksgiving holiday), according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 2, 2011.”

Realty Times - “Low Mortgage Rates Remain Stable While Mixed Reports Draw Concern” (12-7-11)

“It has been a volatile week with the stock market rising rapidly on Wednesday after renewed hope for the world economy surfaced. It was reported that major central banks came together to add liquidity to the global financial system in an effort to help the Euro zone crisis. On the other hand, mixed economic reports continue to draw concern which helped keep low mortgage rates stable.”

Bloomberg - “Insurers Offer Better Commercial Property Loan Terms Than Banks” (12-7-11)

“Insurance companies are offering the best terms on senior commercial real estate loans as banks halt or scale back lending, a study by real-estate adviser CBRE Group Inc. (CBG) showed.”

San Francisco Chronicle - “Hotel Lenders Avoid Foreclosures as $17.5 Billion in Loans Loom” (12-7-11)

“As $17.5 billion in securitized loans backed by U.S. hotels come due in the next  two years, lenders are doing more to avoid foreclosure on lodging properties  than on any other type of commercial real estate.”

Housing Wire - “Prepayment speeds on agency MBS remain flat to down” (12-7-11)

“Prepayment speeds on Fannie Mae and Freddie Mac mortgage-backed securities remained flat in October when compared to November, a new report from KBW analysts said Wednesday.”

DS News  - “Mortgage Delinquencies To Decline in 2012: Study” (12-7-11)

“The current year will close with a 7 percent yearly decline in mortgage delinquencies, matching last year’s decline, according to predictions released Wednesday by TransUnion.”

Looking Back:

UCLA economists expected unemployment to remain above 10% until the end of 2012. TransUnion predicted the national mortgage delinquency rate could fall below 5% in 2011. A survey from RealtyTrac showed 60% of Americans believed housing woulod not recover for another 2 years. According to HOPE NOW, 1.54 million permanent mortgage modifications were completed in the first 3 quarters of 2010.

For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.