OUR NEWS

Jun 10, 2011

Ivan Choi Joins Bruce Norris on the Real Estate Radio Show #229

The Norris Group Real Estate Radio Show and Podcast welcomes Ivan Choi of REOMAC

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Jun 03, 2011

The Norris Group Real Estate News Roundup 6/3/11

A new government plan may require larger down payments on cheaper mortgages. Inman has compiled a list of the top 10 markets for real estate investors. The Labor Department reports the nation’s unemployment rate rose to 9.1%.

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Jun 03, 2011

Ivan Choi Joins Bruce Norris on the Real Estate Radio Show #228

The Norris Group Real Estate Radio Show and Podcast welcomes Ivan Choi of REOMAC

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Apr 18, 2011

The Norris Group Real Estate News Roundup 4/18/11

Approximately $326 million in credit went to over 47,000 taxpayers who didn’t qualify as first-time homebuyers, according to the Treasury Inspector General. When a borrower in default seeks a loan modification, the bank often pursues foreclosure. Ginnie Mae is ending the flat fee for servicing reverse mortgages.

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Mar 18, 2011

The Norris Group Real Estate News Roundup 3/18/11

The SEC may charge top executives of Fannie and Freddie with violations related to the financial crisis. RCA claims commercial real estate defaults dropped to 4.28% in the 4th quarter. The Bureau of Labor Statistics reports Southern California rents rose by 1.3% in February. According to Freddie Mac, 30 year mortgage rates fell to 4.76% this week.

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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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Feb 24, 2011

The Norris Group Real Estate News Roundup 2/24/11

The FHFA claims 30-year interest rates averaged 4.85% in January, and home prices fell 4% year over year. House Republicans intend to end anti-foreclosure programs put in place by President Obama. The Commerce Department said new home sales decreased 13 percent in Janurary.

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Feb 01, 2011

The Norris Group Real Estate News Roundup 2/1/11

The Commerce Department said construction spending fell 2.5% from July. Fiserv forecasts a 5.5% decline in home prices this year. According to the Treasury Department, the re-default rate for the Making Home Affordable Program averaged 20.4% after 1 year. Marcus & Millichap expect Orange County rents to rise 4.5% this 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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Dec 17, 2010

Jon Daurio Joins Bruce Norris on the Real Estate Radio Show #205

Jon is the chairman and chief exective officer of Kondaur Capital.

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