Posts Tagged ‘New York City’

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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