Apr 05, 2011

The Norris Group Real Estate News Roundup 4/5/11

Two Wall Street firms claim housing prices will continue to fall through the present quarter. REIS reports the national office vacancy rate fell to 17.5% in the first quarter. A Harris Poll shows 22% of U.S. homeowners are having difficulty making their mortgage payments. A new RealtyTrac feature allows users checking home listings to see how much equity each property has.

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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 28, 2011

The Norris Group Real Estate News Roundup 2/28/11

MDA DataQuick reports 30.9% of all houses and condos sold in California during January were bought without a mortgage. The NAR claims pending home sales fell 2.8% in January. Approximately 25% of homeowners who sought assistance from Obama’s mortgage assistance program successfully had their payments reduced. A survey from Fannie Mae shows 19% of delinquent borrowers are considering a strategic default.

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Feb 02, 2011

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

Mortgage application volume increased 11.3% from last week, according to the MBA. Fannie Mae and Freddie Mac are raising risk fees they charge lenders on loans they buy for resale to investors. HOPE NOW reports 1.76 million homeowners received a mortgage modification in 2010. Statistics from DBRS show 50 percent of loan modifications result in re-default.

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Jan 24, 2011

The Norris Group Real Estate News Roundup 1/24/11

The CBIA reports total building permits issued during 2010 increased 23% from 2009. Statistics from Trulia show that owning a home is cheaper than renting one in 72% of the largest cities in the United States. Commercial property values rose 0.6% in November, according to Moody’s.

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Dec 24, 2010

Jon Daurio Joins Bruce Norris on the Real Estate Radio Show #206

This week Bruce is joined by Jon R. Duario. Jon is the chairman and chief exective officer of Kondaur Capital.

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Dec 09, 2010

The Norris Group Real Estate News Roundup 12/09/10

According to Freddie Mac, 30-year mortgage rates increased to 4.61%. The Labor Department reports jobless claims decreased 4% last week. Clear Capital claims national home prices dropped 5.8% in November. Fitch Ratings forecasts a 10% decline in home prices during 2011.

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Dec 02, 2010

The Norris Group Real Estate News Roundup 12/02/10

The NAR reports pending home sales increased 10.4% in October. According to RealtyTrac, foreclosure sales decreased 25% in the 3rd quarter. Statistics from the Labor Department show jobless claims rose 6.3% last week. Greg Lippmann of LibreMax Capital predicts national home prices will drop another 10%.

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Nov 22, 2010

The Norris Group Real Estate News Roundup 11/22/10

According to CoreLogic, shadow inventory levels increased to 2.1 million units in August. TransUnion reports mortgage delinquency rates fell to 6.7%. Data from Campbell Surveys shows the current foreclosure problems are significantly delaying closings.

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Nov 17, 2010

The Norris Group Real Estate News Roundup 11/17/10

The MBA reports mortgage application volume decreased 14.4% this week. According to CoreLogic, home prices have fallen 2.8% since September 2009. Mortgage fraud has increased 20% from early 2009. Mortgage lenders are raising their minimum credit score requirements on FHA-insured loans.

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