OUR NEWS

Jan 16, 2019

Pretty Good, Even If Your Team Is Bad

Today’s News Synopsis: How do sports stadiums impact real estate?  According to the latest MBA Mortgage Applications Survey, mortgage applications increased 13.5% from last week.  If you are thinking of moving or just want to have more space, what are some of the top 50 things you should consider tossing?

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Dec 18, 2015

Yields by the Treasury at their Highest in Five Years

Sources: November home sales and price report Builder Confidence Edges Down One Point in December Single-Family Starts Reach Seven-Year High in November Morning Briefing: This age group makes up most US renters (and it’s not millennials) Why is the Gap for Risk Between First-Time and Repeat Homebuyers Widening? FHFA Proposed

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May 14, 2015

Mortgage Lending Increased 17% According to RealtyTrac

    Today’s News Synopsis: Home prices increased in April by 6.5% according to the latest report from Redfin.  RealtyTrac reported lending on mortgages increased 17% in the first quarter.  In another story related to mortgages, rates increased again for the third week in a row with 30-year rates now

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Dec 04, 2013

The Norris Group Real Estate News Roundup 12/4/13

Today’s News Synopsis: A recent report from the Mortgage Bankers Association showed mortgage applications decreased 12.8% from last week.  Sales of new homes increased by 25.4% to 444,000 units last October.  Five major banks have not met compliance requirements laid down in the National Mortgage Settlement.  These banks are Bank

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Aug 10, 2012

California Foreclosure Experts Steve Silva, Mike Novak-Smith, and Lance Martin #290

On Friday, October 19, the Norris Group proudly presents its fifth annual award-winning event I Survived Real Estate. An incredible line-up of industry experts joins Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds for the event benefit Make a Wish and

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Jul 28, 2011

The Norris Group Real Estate News Roundup 7/28/11

Today’s News Synopsis: The sales for existing homes increased 2.4% in June according to Bloomberg.  However, chief economist for Fannie Mae warned this does not necessarily mean a turn-around in the market.  In other news, despite a huge decrease in foreclosures in 84% of U.S. cities, there are still ten cities

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Apr 14, 2011

The Norris Group Real Estate News Roundup 4/14/11

Statistics from MDA DataQuick show 7,051 houses and condos sold in the Bay Area last month. CAR says home sales increased 3.1% in March. According to RealtyTrac, foreclosure filings dropped 27% year over year. A newly proposed bill may require mortgage servicers to respond within 45 days of receiving a short sale request.

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Jan 03, 2011

The Norris Group Real Estate News Roundup 1/3/11

Tom Wind of J.I. Kislak Mortgage expects refinancing activity to drop by nearly 66% in 2011. Moody’s Investor Service forecasts lower supply and higher demand for rental apartments in 2011. The 50 state attorneys general probing U.S. foreclosure practices will first settle with Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial. Rick Sharga believes foreclosure activity will improve in Orange County during 2011.

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Nov 16, 2010

The Norris Group Real Estate News Roundup 11/16/10

16,744 new and resale homes sold in Southern California during October. Builder confidence increased slightly this month, according to the NAHB. Sean O’Toole of ForeclosureRadar believes the foreclosure investigation will only have a brief effect on the market. FHA wrote $319 billion in new insurance in 2010.

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Nov 04, 2010

The Norris Group Real Estate News Roundup 11/4/10

The MBA reports 3rd quarter commercial and multifamily mortgage loan originations increased 15% from the 2nd quarter. Jobless claims rose 4.5% last week. JPMorgan’s CEO claimed recent affidavit problems affected approximately 127,000 mortgage loans. Bruce Mosler of Cushman & Wakefield Inc. believes commercial real estate rents will rise in 2011.

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