existing home sales

The Norris Group Real Estate News Roundup 6/20/13

Today’s News Synopsis: Existing home sales increased 12.9% to 5.18 million in May.  This is up 12.9% year-over-year and 4.2% month-over-month.  Unemployment claims surprisingly increased by 18,000 t 354,000 this past week.  This is up from 336,000 in the week ending June 8.  Freddie Mac reported fixed-rate mortgages decreased slightly with 30-year rates now at …

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The Norris Group Real Estate News Roundup 1/22/13

Today’s News Synopsis: According to the latest Zillow Home Value Index, values increased 5.9% in 2012 and are at their highest since 2006.  Sales for existing homes decreased back in December month-over-month 1% in addition to inventory decreasing 8.5%.  However, year-over-year, existing home sales actually increased 12.8%. In The News: Los Angeles Times – “Home …

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The Norris Group Real Estate News Roundup 10/29/12

Today’s News Synopsis: The number of bank closures has reached 47 with another closure in Pennsylvania.  LPS reported profit increased 44% in the third quarter with the increase in demand for mortgage technology as well as refinancing.  Consumer spending increased 0.8% last month, double what income increased at 0.4% the same month. In The News: …

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The Norris Group Real Estate News Roundup 10/19/12

Today’s News Synopsis: Join us tonight for I Survived Real Estate 2012. The event will feature speakers from all over the country, including Gary Thomas, Sara Stephens, Sean O’Toole, and many more.  Together we have raised over $350,000.  In the news, existing home sales decreased 1.7% last month, although this has not had a huge …

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The Norris Group Real Estate News Roundup 9/19/12

Today’s News Synopsis: Construction on new homes increased 2.3% according to the National Association of Home Builders.  At the same time, remodeling on homes increased 15% in July to 3,144,000.  Existing home sales also increased 7.8% last month to their highest level since May 2010. In The News: NAHB – “Housing Starts Rise 2.3 Percent …

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The Norris Group Real Estate News Roundup 8/24/12

Today’s News Synopsis: In this week’s video, Aaron Norris talks about upcoming I Survived Real Estate 2012 event.  Bank of America announced they are planning on donating 1,000 homes to vets who were injured.  Mortgage delinquency rates improved greatly having decreased 15% year-over-year. In The News: DS News – “Mortgage Delinquency Rate Sees Significant Improvement: …

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