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 …
The Norris Group Real Estate News Roundup 6/20/13 Read More »
Today’s News Synopsis: Two more banks closed in North Carolina and Georgia, bringing the new total for this year to 10. Pending sales for existing homes increased 1.5% last month after having seen a 1% decrease the prior month. New Jersey received funding of $1.83 billion to go towards rebuilding from Hurricane Sandy. In The …
The Norris Group Real Estate News Roundup 4/29/13 Read More »
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 …
The Norris Group Real Estate News Roundup 1/22/13 Read More »
Today’s News Synopsis: The California Homeowner Bill of Rights is expected to go into effect the first of the year. Both home prices and existing home sales showed improvement last month with sales increasing 5.9% and prices increasing 0.5%. Home values also increased for the first time in six years. In The News: DS News– …
The Norris Group Real Estate News Roundup 12/20/12 Read More »
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: …
The Norris Group Real Estate News Roundup 10/29/12 Read More »
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 …
The Norris Group Real Estate News Roundup 10/19/12 Read More »
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 …
The Norris Group Real Estate News Roundup 9/19/12 Read More »
Today’s News Synopsis: The National Association of Realtors reported a 2.3% increase in existing-home sales last month and a 9.4% increase in median home prices year-over-year. A new bill was just signed into law by Governor Brown that will allow more time for homeowners to correct any code violations prior to a local agency coming …
The Norris Group Real Estate News Roundup 8/27/12 Read More »
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: …
The Norris Group Real Estate News Roundup 8/24/12 Read More »
Today’s News Synopsis: According to the National Association of Realtors, existing home sales increased 2.3% for the first time in eight months. Mortgage applications decreased 7.4% last week according to the latest survey released by the Mortgage Bankers Association. Home builder confidence increased by 2 points to 37 and is now at the highest it …
The Norris Group Real Estate News Roundup 8/22/12 Read More »