Today’s News Synopsis:
In The News:
Mortgage Professional America – “US consumer borrowing jumps $19.1 billion” (9-21-15)
“U.S. consumer borrowing climbed to a fresh record in July, the latest evidence that the U.S. economy is on track to grow at a healthy pace in the second half of this year.”
Housing Wire – “The CFPB just made it easier to get a mortgage in rural, underserved areas” (9-21-15)
“The Consumer Financial Protection Bureau finalized several changes to its mortgage rules to expand access to credit to small creditors, particularly in rural and underserved areas.”
Mortgage Professional America – “Rising home prices lifts US household wealth” (9-21-15)
“Rising home values drove a modest increase in Americans’ household wealth to a new high of $85.7 trillion in the April-June quarter.”
Bloomberg – “U.S. Stocks Rise After Selloff Amid Optimism on Domestic Growth” (9-21-15)
“U.S. stocks advanced, following a two-day selloff, as investors took an optimistic view on domestic growth amid reassuring comments from Federal Reserve policy makers.”
Mortgage Professional America – “Morning Briefing: New York world’s priciest city” (9-21-15)
“New York City is the most expensive city in the world according to a new study by a Swiss-based bank. UBS looked at how much it costs to live in various cities around the globe.”
NAHB – “NAHB Study Reveals What “Green” Means to Home Buyers” (9-21-15)
“What do consumers think of green homes? And, what are the most important elements of a green-built home? Builders and other industry professionals now have an opportunity to find out what green means to home buyers with a new publication from the National Association of Home Builders (NAHB).”
Housing Wire – “Existing home sales stall in August nationwide” (9-21-15)
“Existing home sales dropped in August despite slowing price growth and a positive turnaround in the share of sales to first–time buyers, according to the National Association of Realtors.”
Mortgage Professional America – “More U.S. home buyers purchasing homes without an agent” (9-21-15)
“More and more U.S. home buyers are purchasing homes without the involvement of a real estate agent, according to a study by online brokerageRedfin.”
Bruce Norris of The Norris Group will be speaking at the 2015 Inland Southern California Economic Forecast Conference on Thursday, October 1.
Bruce Norris of The Norris Group will be presenting his talk How to Create a $100,000 Payday Per Deal in 2015 on Thursday, October 8.
Bruce Norris of The Norris Group will be presenting Cashing in on a Boom: Investing in Quadrant 4 on Saturday, October 10.
Bruce Norris of The Norris Group will be presenting the 8th annual I Survived Real Estate 2015 on Friday, October 16.
The Norris Group will be holding its Property Buying Bootcamp on Tuesday through Thursday, October 27-29
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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.