OUR NEWS

Mar 24, 2020

Affecting More Than 4 Million Apartment Renters

Today’s News Synopsis: Freddie Mac announces nationwide Covid-19 relief.  Requests for video home tours increased by 500% in one week.  Both C.A.R and NAR are asking Congress for aid for REALTORS. In The News: Inman – “7 Essential Tips for Communicating With Your Sphere During Crisis” (3-24-2020) “Don’t make the major

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Jun 08, 2012

Vice President and Chief Economist of CAR Leslie Appleton-Young Joins Bruce Norris on the Real Estate Radio Show #281

This week Bruce Norris joined once again by Leslie Appleton-Young. Leslie is vice-president and chief economist for the California Association of Realtors, a statewide trade organization with over 150,000 members dedicated to advancement of professionalism in real estate. Leslie directs the activities of the association’s member information group. She oversees

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Mar 21, 2011

The Norris Group Real Estate News Roundup 3/21/11

Existing home sales dropped 9.6%, according to the NAR. A San Joaquin County investor pleaded guilty to rigging foreclosure auctions, and is now facing a federal prison sentence and $1 million in fines. LPS claims the current mortgage delinquency rate is 8.8%.

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Mar 18, 2011

Leslie Appleton-Young of CAR #217

The Norris Group Real Estate Radio Show and Podcast welcomes Leslie Appleton-Young, Vice President of C.A.R.

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Mar 08, 2011

The Norris Group Real Estate News Roundup 3/8/11

The California Association of Realtors reports that fewer than 60% of short sales close in California. Approximately 23.1% of all mortgaged homes were underwater in the 4th quarter of 2010, according to CoreLogic. Keefe, Bruyette & Woods does not expect prepayment activity to increase over the next 18 months.

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Jul 22, 2010

The Norris Group Real Estate News Roundup 7/22/10

CAR reports California home sales decreased 4.2 percent in June. Statistics from the NAR show existing home sales 5.1 percent in June. Ascension Capital Group predicts total bankruptcy filings will top 1.63m in 2010, and increase nearly 10% in 2011. Eight million homeowners are currently not paying their mortgage.

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May 24, 2010

The Norris Group Real Estate News Roundup 5/24/10

According to the NAR, Existing home sales increased 7.6 percent to a seasonally adjusted annual rate of 5.77 million units in April. The CIRB reports permits were pulled for 3,314 total housing units in April. Statistics from CAR show California home sales decreased 8.1 percent in April. The Federal Reserve doesn’t intend to sell any of its assets until after it begins raising interest rates.

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Feb 25, 2010

The Norris Group Real Estate News Roundup 2/25/10

Today’s News Synopsis: A CAR survey shows that 67 percent of home sellers chose to sell because of their inability to pay mortgage debt. The FHFA reports that U.S. home prices decreased by 1.2 percent in the fourth quarter. A survey shows that agents and brokers are growing increasingly pessimistic

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Feb 24, 2010

The Norris Group Real Estate News Roundup 2/24/10

The MBA reports that mortgage loan application volume decreased 8.5 percent from last week. According to the Commerce Department, purchases of new single-family homes decreased by 11.2 percent in January. Informa Research Services announced that the average interest rate on 30-year fixed-rate jumbos dropped to 5.79%. Freddie Mac’s net losses for 2009 ended at $25.7bn.

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Sep 29, 2009

The Norris Group Real Estate News Roundup 9/29/09

C.A.R.’s sales and price report shows that single-family home sales increased 9 percent in August. The Standard & Poor’s/Case-Shiller home price index shows that prices are down 13.3 percent from a year ago, but declines have slowed. Fannie Mae announced that the number of homes behind on payment or in foreclosure have increased by 4.17 percent.

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