Posts Tagged ‘New York City’

Fannie Mae’s Forecast Does Not Expect Much Economic Change

March 15th, 2017

Today’s News Synopsis: The Mortgage Bankers Association reported a 3.1% increase in mortgage applications from last week.  In their latest Housing Market Index, the NAHB reported builder confidence is at its highest in 12 years at 71.  Fannie Mae released their latest economic forecast, showing they do not expect much

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Airbnb Sued for First Time By New York Property Managers

February 10th, 2017

Sources: House flipping is back, with all its opportunities and risks Mortgage Credit Availability Increases in January CoreLogic US Home Price Report Shows Prices Up 7.2 Percent in December 2016 Number of Seriously Underwater Properties Down 1 Million From Year Ago, Down 7.1 Million From Market Bottom in Q1 2012 Mortgage Rates in Holding Pattern Redfin Names

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Memories of Financial Crisis Hindering Buying Despite Home Values Increasing

January 17th, 2017

Today’s News Synopsis: Despite the values of homes increasing, consumers are still hesitant to buy due to painful memories of the financial crisis.  Deutsche Bak reaches settlement of $7.2 billion with Justice Department for dishonest practices.  Real estate purchases in Brooklyn are exceeding those of Manhattan. In The News: CNBC – “Rising home

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Zillow Releases Latest Report on the Hottest Housing Markets

January 6th, 2017

Sources: Mortgage Applications Decreased Over Two Week Period in Latest MBA Weekly Survey CoreLogic US Home Price Report Shows Prices Up 7.1 Percent in November 2016 Buying More Affordable than Renting in 66 Percent of U.S. Housing Markets And the Top-Ranked Metros Are… MiMi: Multi-Indicator Market Index Fed Officials See Gradual Rate Hikes as Upside Risks

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New Repurchasing Rules Finalized By the GSEs

February 2nd, 2016

Today’s News Synopsis:   In a big news story, the GSEs have completed the final new rules for loan purchasing that will require a third party to review them.  CoreLogic reported home prices increased 6.3% year-over-year in December.  New York City is the popular place for foreign investors.   In The News: DS New –

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New York City is World’s Most Expensive City to Live

September 21st, 2015

  Today’s News Synopsis:   Borrowing by consumers increased by $19.1 billion, showing a gradual return to a healthy market for the U.S.  However, the National Association of Realtors reported existing-home sales decreased last month by 4.8% to 5.31 million.  New York City was just revealed to be the most expensive city in

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The Norris Group Real Estate News Roundup 11/13/12

November 13th, 2012

  Today’s News Synopsis: CoreLogic reported the increase in home prices may be the result of increased demand for rentals.  Commercial/Multifamily Mortgage Originations decreased in the third quarter according to a recent quarterly survey by the Mortgage Bankers Association.  California and Arizona are in the lead for states that saw a decrease

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The Norris Group Real Estate News Roundup 4/23/12

April 23rd, 2012

Today’s News Synopsis: According to the National Association of Realtors, more people are able to afford houses.  Home prices decreased in March with the increase in distressed properties.  Mortgage payments are also at low levels not seen in several decades.  Americans fear job losses and rising gas prices more than household

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The Norris Group Real Estate News Roundup 3/30/12

March 30th, 2012

Sources: Two More Bank Failures, National Tally Now at 15 Pending home sales down monthly but up yearly Case-Shiller Indexes Down for Fifth Straight Month Home prices drop in 16 metro areas: Case-Shiller Consumer Confidence in U.S. Holds Close to One-Year High Sales of Distressed Properties Down in California, Equity Sales Up Home Prices Have Been

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The Norris Group Real Estate News Roundup 11/22/11

November 22nd, 2011

Today’s News Synopsis: Bloomberg news and Los Angeles Times reported the economy grew less than expected in the third quarter, indicatinga slight increase in growth.  The FHA reported a slight decrease in mortgage rates sold to GSEs.  According to CNN, fewer banks are in danger of failing, marking the second quarter in a

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