DataQuick

Housing Market Experiencing Good and Bad Drops

  Today’s News Synopsis: This week’s video is a slideshow of the highlights from the news of the week.  Foreclosure starts have remained constant for three quarters in a row and coming up on their lowest in 8 years.  Mortgage down payments decreased again in the first quarter with 30-year fixed rate purchase loans now at 15.78%.  Bank …

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The Norris Group Real Estate News Roundup 3/5/14

Today’s News Synopsis: According to the latest mortgage applications survey by the Mortgage Bankers Association, mortgage applications increased 9.4% from last week.  At the same time, foreclosures decreased on average 50% in 31 of the 42 markets covered in the DataQuick Property Intelligence Report.  In a case of taking something negative and making it positive, …

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

Today’s News Synopsis: Foreclosure activity decreased by 15% last month and 37% year-over-year according to the latest RealtyTrac report.  The purchase of new homes decreased 18% last month despite the average loan continuing to show signs of increase.  Mortgage rates also decreased after 11 weeks, with 30-year rates now at 4.42% and 15-year rates at …

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The Norris Group Real Estate News Roundup 11/1/13

  Today’s News Synopsis: Aaron Norris gives the news of the week in this week’s real estate headline roundup video.  Foreclosures decreased in September by 39% year-over-year in September and continue to show signs of decrease.  Over half of consumers fear another imminent housing bubble despite the housing market showing signs of improvement. In The …

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The Norris Group Real Estate News Roundup 8/16/13

Sources: Report: 31% of Metro Areas Post Double-Digit Price Gains in Q2 Confidence in Housing Rises Sharply Among Millennials Rising Home Values Impact Affordability in Second Quarter First-Time Jobless Claims at Pre-Recession Levels Freddie Mac Reaches 20th Year in Multifamily Financing Bubble fears popped as asking prices taper off Mortgage modifications up, foreclosure starts down …

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The Norris Group Real Estate News Roundup 7/1/13

Today’s News Synopsis: Spending on construction increased slightly in May by 0.5% to $874.9 billion according to the latest Census Bureau report.  The Commercial Real Estate/Multifamily Finance Quarterly Data book for the first quarter of 2013 was just released by the Mortgage Bankers Association.  The number of write-offs completed for home finances are at their …

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

Today’s News Synopsis: 30-year mortgage rates increased to 3.98% from 3.91% last week, and 15-year rates increased to 3.1% from 3.03%.  Foreclosures also increased 2% after being at a 75-month low, although they are still down by 28% from May of last year.  Fannie Mae reported a positive outlook for the economy despite fiscal headwinds …

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The Norris Group Real Estate News Roundup 4/23/13

Today’s News Synopsis: According to the FHFA, home prices continue to increase as inventory continues to decrease.  Prices decreased 0.7% month-over-month in February, although year-over-year they actually increased 7.1%.  New home sales increased 1.5% last month to 417,000, despite having decreased almost 5% in February.  CFPB Director Richard Cordray was denied his appointment to present …

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The Norris Group Real Estate News Roundup 4/18/13

Today’s News Synopsis: Mortgage rates decreased again this week for the third week in a row.  30-year rates are now at 3.41%, and 15-year are at 2.64%.  Home sales in Southern California increased with the decrease in foreclosures, leading to median prices also increasing by 23.4%.  Despite numbers for unemployment still being bad, the construction …

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John Karevoll

John Karevoll of DataQuick Joins Bruce Norris on the Real Estate Radio Show #323

Bruce Norris is joined again this week by John Karevoll. John was born in Minneapolis in 1951. His family moved to Norway where he was raised, educated, and married. He worked as a journalist in Oslo for ten years and joined a Scandinavian business publication in New York in 1983. In 1987 he was pulled …

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