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The Norris Group Real Estate News Roundup 2/25/14

Today’s News Synopsis: Home prices increased 13.4% in December in 20 cities according to the latest S&P/Case-Shiller Index.  In addition, it was reported in the latest Local Market Index that 89 markets have “fully recovered”.  The Mortgage Bankers Association reported delinquency and foreclosure rates are at their lowest in six years at 6.39%. In The …

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Ted Boeker and Mike Novak-Smith with RE/Max #263

This week Bruce Norris is joined by Mike Novak-Smith and Ted Boecker. Mike Novak-Smith is not only one of the largest REO agents in the Inland Empire, but the nation. Mike is in the top 1% of all real estate agents nationwide and is experienced in REO, short sales, bankruptcies, asset management, and negotiating. Mike specializes in REOs …

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The Norris Group Real Estate News Roundup 8/24/11

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications are at their lowest level in 15 years.  Members of Vintage East Condominium Association sued JPMorgan Chase & Co in order to take back a property they said JP Morgan was taking too long to foreclose on.  Rents are still on the rise as they continued …

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The Norris Group Real Estate News Roundup 6/22/11

Today’s News Synopsis: Susan McFarland was just named the new CFO for Fannie Mae, according to Housing Wire.  Sales of existing homes decreased 3.8%, while home prices actually increased a slight .8%.  They rose slightly despite having fallen 5.7% back in April.  There was also an increase in the sale of pending homes for the first time in …

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The Norris Group Real Estate News Roundup 4/26/11

The Commerce Department reports new home sales increased 11% in March. A study shows that short sales and foreclosures equally damage FICO scores. A survey from Pew shows 81% of adults believe purchasing a home is the best long-term investment a person can make. Morgan Stanley believes home prices will fall 6-11% this year.

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