Posts Tagged ‘Market Composite Index’

Sales of Existing Homes Increase Substantially in Wake of Spring Buying Season

April 22nd, 2015

  Today’s News Synopsis: Black Knight Financial Services reported a 4.7% decrease in delinquency rates, marking the first time they have gone below 5% in 8 years.  Mortgage applications, on the other hand, increased 2.3% from last week.  The sales of existing homes also increased substantially to their highest in 18

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The Norris Group Real Estate News Roundup 3/28/12

March 28th, 2012

Today’s News Synopsis: Conflicting reports have come out about the housing market with Standard and Poor’s reporting a 5-month decline in prices, while John Burns Real Estate Consulting actually reported an increase in home prices.  Foreclosures initiated by banks decreased 16% in the fourth quarter according to the Office of the

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The Norris Group Real Estate News Roundup 12/21/11

December 21st, 2011

Today’s News Synopsis: The NAHB reported an increase in confidence for homebuilding for the third month in a row.  However, mortgage rates are down to a new low according to the latest survey released by the Mortgage Bankers Association.  The number of existing homes increased again last month by 4% according

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The Norris Group Real Estate News Roundup 12/14/11

December 14th, 2011

Today’s News Synopsis: In a big news story, mortgage applications are up 4.1% according to the most recent MBA Weekly Survey.  Home sales in Southern California increased last month from October and from the same time a year ago according to Housing Wire.  In other news, mortgage fraud is the highest in California despite

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The Norris Group Real Estate News Roundup 11/23/11

November 23rd, 2011

Sources: LPS “First Look” Mortgage Report: October Month-End Data Shows an Increase in Foreclosures Bureau of Economic Analysis National Income and Product Accounts FDIC’s list of problem banks shrinks Mortgage Servicers Make Progress to Fix Flawed Foreclosures Freddie Mac Bulletin Obama signs extension for higher FHA loan limits Realtors hike dues to play politics California attorney general’s office subpoenas Fannie,

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The Norris Group Real Estate News Roundup 11/9/11

November 9th, 2011

Today’s News Synopsis: According to the San Francisco Chronicle, home prices have decreased in 111 metropolitan areas from a year ago.  Housing Wire reported a decrease in both home prices and mortgage rates, leading to more people being able to afford homes.  According to latest survey from the Mortgage Bankers Association,

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The Norris Group Real Estate News Roundup 8/25/11

August 25th, 2011

Today’s News Synopsis: Mortgage rates went up a little today to 4.22% after being at their lowest in 50 years.  Government Sponsored Enterprises, specifically Fannie Mae and Freddie Mac, are expected to receive less money from the government, almost $35 billion less according to DS News.  The market is not looking

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The Norris Group Real Estate News Roundup 8/24/11

August 24th, 2011

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications are at their lowest level in 15 years.  Members of Vintage East Condominium Association sued JPMorgan Chase & Co in order to take back a property they said JP Morgan was taking too long to foreclose on.  Rents are still on the

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The Norris Group Real Estate News Roundup 8/3/11

August 3rd, 2011

Today’s News Synopsis The Wall Street Journal reported that the number of homes for sale decreased significantly in several cities, but unfortunately inventory is at its lowest in five years.  According to the latest Mortgage Bankers Association survey, mortgage applications increased 7.1% from last week, although still not at levels they

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The Norris Group Real Estate News Roundup 1/12/11

January 12th, 2011

Today’s News Synopsis: According to CoreLogic, in November the price of homes fell once again for the fourth month in a row.  Moody’s Investor Services reported a 79% increase in delinquncies for commercial mortgage-backed securities.  The Mortgage Banker’s Association also reported that applications for mortgage refinancing increased this week 2.2%.  Mortgage News

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