Posts Tagged ‘real estate investing’

ATTOM DATA and Ten-X Both Release Their Latest Reports on the Single-Family Housing Market

October 24th, 2016

Today’s News Synopsis: ATTOM Data Solutions released their latest data on the single-family rental market for the third quarter, showing which markets are the best for these homes.  A similar report was released by Ten-X showing the best markets for single-family non-rentals, Florida and Las Vegas being at the top.

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The Norris Group Presents Its 9th Annual I Survived Real Estate Event Tonight

October 21st, 2016

Today’s News Synopsis: Today’s video is all about I Survived Real Estate 2016, happening tonight at the Nixon Library.  However, you can still check out some of our other news stories below.  Several professionals believe now is a better time to rent as opposed to buying and may remain this

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Claims of Unemployment Increased Last Week After Being At their Lowest in 40 Years

October 20th, 2016

Today’s News Synopsis: Freddie reported mortgage rates are still at historical lows despite being at a four-month high.  Claims of unemployment increased last week for the first time since July after being at their lowest in 40 years.  Lending on multifamily homes was up 28% last year according to the

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Hud and Census Bureau Report 9% Decrease in Housing Starts for September

October 19th, 2016

Today’s News Synopsis: HUD and the Census Bureau reported a 9% decrease in housing starts for the month of September.  The Mortgage Bankers Association reported mortgage applications increased 0.6% from last week.  In a surprising story, the group that is contributing greatly to the housing market is millennials. In The News: Wall

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Fannie Mae Expects Economic Growth to be at 2.4% For Second Half of Year

October 18th, 2016

Today’s News Synopsis: The Labor Department released their latest consumer-price index report showing consumer prices increased 0.3% last month, the most in five months.  The NAHB reported strong builder confidence this month, having decreased by only two points and standing at 63.  Fannie Mae released this month’s Economic and Housing

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Bank of America Sees Profit Increase Despite Several Big Banks Losing Net Income

October 17th, 2016

Today’s News Synopsis: Home buyers are choosing to remain in their homes longer according to recent data from the National Association of Realtors.  According to the latest data from Weiss Analytics, home prices in the 91311 zip code, or Chatsworth, are expected to increase in the coming year.  In the

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Areas Leading the Way in Recovery Are Same Areas Hit Hardest By Crisis

October 13th, 2016

Today’s News Synopsis: The Mortgage Bankers reported a 3% increase in home purchase mortgage applications for the month of September.  Freddie Mac reported mortgage rates continue to increase with 30-year rates at 3.47% and 15-year rates at 2.76%.  The latest research from Ten-X shows the areas that are leading in

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Wells Fargo CEO John Stumpf Has Resigned Following Scandal

October 12th, 2016

Today’s News Synopsis: Wells Fargo CEO John Stumpf has resigned in the wake of their recent scandal involving fake accounts.  The Mortgage Bankers Association reported mortgage applications decreased 6% with the increase in rates.  In Freddie Mac’s Insight report for this month, they were very curious why many do not

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CFPB Structure Declared “Unconstitutional” By D.C. Court of Appeals

October 11th, 2016

Today’s News Synopsis: In a big news story, the U.S. Court of Appeals for the District of Columbia declared the CFPB’s structure “unconstitutional” and overturned a $109 million fine by the organization against PHH Corp.  370,000 foreclosures were completed last month according to CoreLogic.  Fannie Mae’s mortgage portfolio continued to

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Zillow Releases Report Showing Cities With highest rent increases

October 7th, 2016

Sources: Home prices heat up: Crisis and opportunity Mortgage Rates Largely Unchanged Growing Job Opportunities in Residential Construction Offer Solid Career Path for Millennials A Message to Borrowers Struggling With Mortgage Debt: Check Your Mail! California homeowners take advantage of rising home values Hurricanes’ Historical Impact on Construction Freddie Mac sells off $1 billion in NPLs to

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