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
Government intervention is the driver of the real estate market now. That\’s bad because the government is preventing a \”natural\” market from solving the problems for itself. By intervening, the government creates false inventory levels and price support that experienced people are very suspicious of. The big players won\’t take
“We are in an artificial recovery,\” Norris said. \”It\’s government controlled and manipulated. We have extremely favorable interest rates that we really should not have, based on our debt. We have supported real estate with tax rebates, and we have prevented inventory from showing up by allowing people to be
On a more pessimistic note, Norris threw cold water on real estate industry expectation that there is pent up demand from home buyers just waiting for the best time to jump into the market. Not only did the home buying fervor of a few years back steal home sales from
Competition at the auctions is brutal, said Bruce Norris of Norris Group, a real estate investment firm in Riverside.
But Norris warns that the county is little more than halfway through its problem with “Alt-A” adjustable mortgages, which targeted a more upscale clientele than the subprimes. Norris estimates that 44 percent of those loans will adjust in 2010 and beyond, totaling 17,500 loans, which could give rise to a