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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 Rule On Fannie Mae & …

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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 of America, Chase, Citigroup, ResCap, …

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The Norris Group Real Estate News Roundup 6/19/13

Today’s News Synopsis: Mortgage applications decreased in the latest Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey by 3.3%.  Standard & Poor’s reported residential mortgage-backed securities increased and at their highest since 2007.  Inventory levels are showing positive signs with the increase in housing starts. In The News: Realty Trac – “Video Analysis: Bank Repossessions …

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The Norris Group Real Estate News Roundup 11/21/12

Today’s News Synopsis: Happy Thanksgiving!  In a big day for numbers, both mortgage applications and mortgage rates decreased this week.  Mortgage applications decreased 2.2% from last week, and rates decreased to 3.31% to new record lows.  First-time claims for unemployment decreased by 41,000 to 410,000. In The News: DS News– “Fannie Mae Releases Forecast on …

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The Norris Group Real Estate News Roundup 4/13/10

MDA DataQuick reports 20,476 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. Schwarzenegger signed a bill allowing taxpayers to be exempt from paying for forgiven mortgage debt. In 2008 and 2009, the income needed to buy a median-priced home decreased in 93 percent of U.S. markets. According to IAS, national house prices fell 0.6% in February.

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