OUR NEWS

Feb 07, 2014

John Mauldin with Millennium Wave Investments #368

Bruce Norris is joined this week by John Mauldin. John is one of Bruce’s favorite authors and the chairman of Mauldin Economics, an economic and investment strategy research firm. He is also the president of Millennium Wave Investments. John is a renowned financial expert and New York Times best-selling author. He

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Apr 26, 2013

Peter Schiff with Euro Pacific Capital #327

Bruce Norris is joined again this week by Peter Schiff. Peter is the CEO of Euro Pacific Capital and bestselling author of The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country. He is also the host of the nationally syndicated Peter Schiff show, heard daily

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Mar 17, 2011

The Norris Group Real Estate News Roundup 3/17/11

Statistics from the MBA show outstanding commercial/multifamily mortgage debt fell by 0.5% in the 4th quarter of 2010. FHA mortgage delinquencies decreased about 7% year over year. According to MDA DataQuick, 4,991 new and resale houses and condos sold in the Bay Area during February. Also, 27,320 new and resale houses and condos were sold statewide last month.

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Feb 03, 2011

The Norris Group Real Estate News Roundup 2/3/11

Freddie Mac reports the average rate for 30-year mortgages increased to 4.81%. The Labor Department said jobless claims declined last week. Freddie Mac funded $15 billion worth of multifamily transactions through its multifamily whole loan and bond guarantee business in 2010. The Treasury Department expects the government to hit the $14.29 trillion debt limit before June.

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Jan 28, 2011

The Norris Group Real Estate News Roundup 1/28/11

The Commerce Department said GDP growth increased 3.2% in the 4th quarter of 2010. Freddie Mac reports 30-year mortgage rates averaged 4.8% this week. A representative of the Federal Reserve Bank of New York expects the foreclosure process to continue to weaken the economy for the rest of the year.

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Jan 06, 2011

The Norris Group Real Estate News Roundup 1/6/11

According to Freddie Mac, rates on 30-year FRMs fell to 4.77% this week. Altos Research reports home prices fell 1.63% in December. Timothy Geithner requested from Congress to increase the national debt limit. The current debt limit is $14.29 trillion, and the nation’s current debt level is just $335 billion short of the limit.

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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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Dec 14, 2010

The Norris Group Real Estate News Roundup 12/14/10

In The News: Mortgage Bankers Association – “MBA Study Shows Mortgage Banker Production Profits Improved with Higher Refinancing Activity in Third Quarter 2010” (12-14-10) “Independent mortgage banks and subsidiaries made an average profit of $1,423 on each loan they originated in the third quarter of 2010, up from $917 per

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Dec 10, 2010

The Norris Group Real Estate News Roundup 12/10/10

Contrary to many recent forecasts regarding home price declines, Local Market Monitor believes many housing markets have bottomed, and may even improve over the next 2 years. Fitch Ratings reports delinquency rates on CMBS rose to 7.96% in November. American household net worth rose $1.2 trillion in the 3rd quarter.

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Dec 01, 2010

The Norris Group Real Estate News Roundup 12/01/10

Freddie Mac announced it will suspend foreclosure evictions from Dec. 20 to Jan. 3, 2011. Automatic Data Processing reports the U.S. economy added 93,000 private-sector jobs during November. The Federal Reserve shared information about more than 21,000 individual transactions which provided $3 trillion in liquidity for market stabilization. According to the MBA, mortgage applications decreased 16.5% last week.

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