In the Press
Below are a few links to the most recent press on Bruce Norris, Aaron Norris, and the Norris Group. Registration may be required depending on the news site. Press Kit can be downloaded HERE. For media inquiries and briefing please email Aaron Norris or call 951-780-5856.
The Norris Group In The Press
Bruce and Aaron Norris as the feature story and cover photo for the magazine’s issue on legacy building, philanthropy, and investing.
\”Buying a fixer-upper doesn\’t establish market value,\” he said. \”When you fix a house up and sell it at full price, that establishes value, and it will be a lot higher. … I don\’t see any downside at all.\”
“This is tough to fix, because so many people are underwater,” Bruce Norris, president of the Norris Group, a Riverside, California-based investment firm specializing in foreclosed properties, said in an interview. “Until debt goes down or prices go up, this is going to be a mess.”
The current shortage of foreclosed properties for sale that is pushing up prices is an artificial phenomenon, said Bruce Norris, principal of the Riverside-based Norris Group, which provides loans and advice to real estate investors. Don\’t buy homes on the assumption that prices will continue to rise and you can
Norris sald lenders and the federal government have been slowing the foreclosure process to prevent a further deterioration of housing prices. As a result, he noted, delinquent borrowers are being allowed to stay in their homes for months, sometimes years, longer than normal without making mortgage payments. \”People are being
“We tell people to get out of deals every month,” says Bruce Norris, CEO of the California-based Norris Group, which brokers hard-money investment loans as well as valuable information to investors.
\”When you have a foreclosure record, your credit starts improving the next day,\” Norris said. And Norris said that\’s the key to recovery. In two years, people with foreclosures can become buyers again.
“Now, mortgage payments are cheaper than rent. It speaks to the fear of owning real estate and the difficulty of qualifying for finance,” Norris adds. “Without the participation of the first-time homebuyer, it’s hard to have the volume necessary to create any type of price support.”