CALIFORNIA REAL ESTATE EXPERTS
The Norris Group has been part of the California real estate investor community for almost 20 years. We provide award-winning resources as well as private money lending specifically built for flippers, landlords, and builders. We look forward to funding your next deal or providing you with valuable insights into the California to keep your profitable in California’s ever-changing real estate marketing.
Real Estate News Recap: Mortgage Credit Availability Decreased in December CoreLogic Reports U.S. Overall Delinquency Rate Lowest for an October in at Least 20 Years Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage Rates Generally Hold Steady Renting is more affordable than buying in almost 50% of these
Bruce and Aaron Norris are joined this week by Cary Pearce. He is the branch manager and senior loan manager for Flagstar Bank. He has over 25 years in the lending business, and Bruce has known Cary for just about as long as he’s been in the business. Episode Highlights How
Today’s News Synopsis: Keeping house plants alive is tough work. Freddie Mac reported Mortgage rates held steady this month with 30-year rates at 3.65% and 15-year rates at 3.09%. Foreclosure activity dropped to its lowest in 15 years last year, having decreased 21% year-over-year to 493,066. In The News: Freddie
Today’s News Synopsis: All the hidden costs of buying a home. The Mortgage Bankers Association reported a 3.2% increase in mortgage applications from last week. Job growth is slower as a result of weaker affordability. In The News: Mortgage Bankers Association – “Mortgage Applications Increase in Latest MBA Weekly Survey” (1-15-2020)
Today’s News Synopsis: How many million-dollar cities are there in the U.S.? What bargains are playing hide-and-seek in the biggest cities? Mortgage delinquencies were at their lowest in 20 years in October. In The News: Realtor.com – “Living High on Low Rent: Where the Bargains Are Hiding in America’s Biggest Cities”
Today’s News Synopsis: The future is now. The Mortgage Bankers Association reported the amount of available mortgage credit decreased in December by 3.5% to 182.2. In almost 50% of the markets in the U.S., it is more affordable to rent than buy, and they all have one thing in common.