Today’s News Synopsis:
Cash sales for home decreased year-over-year in December by about 3% from 38.5% in 2013 to 35.5% in 2014. Mortgage premiums paid through the FHA have totaled up to $12,000 and higher. Repeat foreclosure starts are at their highest in 12 months according to the latest data from Black Knight Financial Services.
In The News:
Housing Wire – “CoreLogic: Cash sales drop to 35.5% of home sales” (3-9-15)
“Cash sales made up 35.5% of total home sales in December 2014, down from 38.5% in December 2013, marking the 24th consecutive month of declines, the latest report from CoreLogic (CLGX) said.”
Mortgage Professional America – “What cities have the best downturns?” (3-9-15)
“Which cities that are attracting new residents and businesses are also drawing tourists? Livibility.com has released a list of the best downtowns in America, which according to the site should foster creativity, inclusion and innovation along with offering a mix of attractions and a chance for people of all walks of life to connect.”
Wallet Hub – “2014 Mortgage Insurance Report” (3-9-15)
“Private mortgage insurance was hard to come by in the years following the housing market collapse, as the companies that offer it incurred significant losses, with several even going bankrupt.”
Mortgage Professional America – “Loan officers are among the happiest careers in the U.S.” (3-9-15)
“Sure, mortgage pros have had a rough few years, but those woes aren’t bringing them down. According to online jobs site CareerBliss.com, loan officers have one of the most satisfying professions in America. For its list of the 10 happiest U.S. jobs for 2015, CareerBliss collected and analyzed data from more than 25,000 reviews by the website’s users over the last two years.“
Housing Wire – “Black Knight: 1st time, repeat foreclosure starts at 12-month high” (3-9-15)
“The latest mortgage monitor from Black Knight Financial Services shows that both first-time and repeat foreclosure starts reached 12-month highs, although there was clear separation in the levels of increase between the two.”
Bruce Norris of The Norris Group will be speaking at LA South REIA presenting How to create a $100,000 Payday Per Deal in 2015 TODAY.
Bruce Norris of The Norris Group will be speaking at NORCAL REIA presenting How to create a $100,000 Payday Per Deal in 2015 on Wednesday, March 11.
Bruce Norris of The Norris Group will be speaking at OCREIA presenting How to create a $100,000 Payday Per Deal in 2015 on Thursday, March 12.
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.
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