Posts Tagged ‘Eric Schneiderman’

Housing Market Slowly But Surely Increasing with Gains in Economic and Jobs

August 6th, 2015

  Today’s News Synopsis:   The housing market is slowly but surely increasing with the increase in both jobs and economics.  Mortgage rates decreased again according to Freddie Mac, with 30-year rates now at 3.91% and 15-year rates at 3.13%.  Builder confidence still showing positive signs for the 55+ group.   In The News: DS

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Foreign Buyers Not Contributing to Housing Market Growth

July 13th, 2015

  Today’s News Synopsis: CoreLogic reported foreign homebuyers have not been contributing to the growth of the market as fewer are choosing to participate in this market.  Congressman Randy Neugebauer and John Delaney are scheduled to speak with the Bipartisan Policy Centers this Thursday to discuss changes to be made to

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Many Who Lost Homes During Housing Crisis Not Expected to Purchase Again Soon

April 20th, 2015

  Today’s News Synopsis: Builder confidence continues to remain low despite housing starts increasing 2% last month.  Many people who lost their homes during the housing crisis are not expected to purchase again soon as they continue to remain cautious with the tight credit.  Home sales continue to increase, especially in

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Housing Market in Best Shape in 14 Years According to Nationwide Insurance

April 1st, 2015

    Today’s News Synopsis: Nationwide Insurance in Ohio reported the housing market it is at its best in 14 years.  Obama said in his latest address to the mortgage industry that things have gotten a little out of control with the CFPB and they are carrying out things they were not

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Debate Continues Over Loosening Mortgage Credit

October 6th, 2014

    Copyright: Image from www.flickr.com/photos/68751915@N05/ Today’s News Synopsis: Despite a decrease in average gross ROI and profit, California is still fourth on the list of states leading home flipping.  Freddie Mac saw a drop in their serious delinquency rate by 2% last August.  Different organizations, including the Federal Reserve Board and BofA Merrill Lynch Global

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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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Office Space Rents Increase the Most in San Jose and Dallas

October 1st, 2014

    Today’s News Synopsis: The Mortgage Bankers Association reported a 0.2% drop in mortgage applications from last week.  Spending on construction decreased by 0.8% last month to $961 billion according to the Census Bureau.  Rents for office space increased the most in San Jose and Dallas. In The News: Mortgage Bankers Association – “Mortgage

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Pending Home Sales Increase in Latest NAR Report

June 30th, 2014

  Today’s News Synopsis: The NAHB saw a major accomplishment this week when the Supreme Court ruled the EPA cannot require pre-construction permits for greenhouse gasses emitted on multifamily and commercial homes.  According to the latest National Association of Realtors report, pending home sales increased 6.1% month-over-month but decreased 5.2% year-over-year.  In a unique

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The Norris Group Real Estate News Roundup 10/2/13

October 2nd, 2013

Today’s News Synopsis: The initial NAHB forecast for single-family homes has been lowed with the increase in interest rates and slowdown in the housing market growth.  Despite home prices increasing year-over-year by 12.4% in August, the housing market is in an off-season with slow growth month-over-month.  The FHFA announced that even

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The Norris Group Real Estate News Roundup 6/4/13

June 4th, 2013

Today’s News Synopsis: Mortgage rates for commercial and multifamily properties decreased overall in the first quarter of 2013 according to the Mortgage Bankers Association.  Home prices increased year-over-year by 12.1% in April and 8.2% year-over-year last month.  The credit report system is being revised to separate short sales from foreclosures rather

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