existing home sales

The Norris Group Real Estate News Roundup 7/30/12

Today’s News Synopsis: Another bank closed in Georgia last weekend, bringing the new total now to 39.  More mortgage investors are concerned about the amount of money being charged for government-backed securities and are instead reverting to using more expensive but less risky bonds.  Only 1/3 of mortgage bond investors interviewed by JP Morgan Securities …

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The Norris Group Real Estate News Roundup 7/19/12

Today’s News Synopsis: Big week in the news.  Mortgage interest rates are continuing to decrease and are now at 3.53%, down from 3.56% the week prior.  Unemployment claims increased 34,000 to 386,000, the highest they have been in four weeks.  Existing home sales decreased 5.4% to 4.37 million last month, although this number was actually …

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The Norris Group Real Estate News Roundup 8/19/11

Sources: July sales and price report Mortgage Rates in U.S. Tumble to Lowest in More than 50 Years Jobless claims up to 408,000 last week Realtor.com, Yahoo Real Estate trading places in Web rankings Mortgage servicers bypass foreclosure delays with more short sales Case against MERS reaches Supreme Court Fed to Keep Interest Rates Low until 2013 NAHB Study …

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The Norris Group Real Estate News Roundup 7/20/11

Today’s News Synopsis: As of June, existing home sales are at their lowest they have been in seven months according to Bloomberg.  However, the prices for commercial property increased 6.3% in May according to Moody’s.  Wells Fargo was fined $85 million by the Federal Reserve for producing false information on incomes and pressuring consumers to use …

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The Norris Group Real Estate News Roundup 7/11/11

Today’s News Synopsis: Housing Wire reported a dip in foreclosures for the second month in a row.   The Emergency Homeowners’ Loan Program (EHLP) was recently started by HUD and NeighborWorks America to assist people in with homes in danger of foreclosure, according to RisMedia.  Bloomberg reported that banks associated with Wall Street are selling property loan …

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