Today’s News Synopsis: Why is adulting getting harder? The National Association of Realtors reported a 3% increase in existing-home sales in February. Interest rates were raised once again by the Federal Reserve, and more hikes could be on the way by 2020. In The News: National Association of Realtors – “Existing-Home
Today’s News Synopsis: New to the RE investing game? Forbes shares some tips. Housing demand decreased 1.7% to 134 in October according to Redfin’s latest Housing Demand Index. Bitcoin is now officially an accepted method of payment for rent. In The News: Forbes – “Practical Tips For First-Time Landlords” (11-30-2017) “Purchasing your
Today’s News Synopsis: What is the next digital revolution Real Estate? HUD and the Commerce Department reported a 13.7% increase in housing starts October. In a shocking story, Janet Yellen announced she will be resigning from the Federal Reserve Board of Governors. In The News: NAHB – “Housing Starts Up Sharply,
Today’s News Synopsis: How soon before you house runs on batteries? In a unique story, tile company Casa Ceramic is using optical illusions on their floor to get people to slow down and really take a look when viewing the home. After making its way into the retail and restaurant
Today’s News Synopsis: Home prices are rising faster in high natural disaster risk areas. According to the latest home equity analysis from CoreLogic, the number of homes with a mortgage that is still in negative equity is 2.8 million. The Federal Reserve has plans to start shrinking their bond portfolio
Today’s News Synopsis: What is spurring Millennial home ownership? According to Forbes, it’s real estate investing. Despite previous plans to increase interest rates again this month, the Federal Reserve has decided to postpone it once again. The Mortgage Bankers Association reported mortgage applications increased 0.4% from last week. In The
Today’s News Synopsis: Freddie Mac reported an increase in mortgage rates for the second week in a row with 30-year rates now at 4.03% and 15-year rates at 3.29%. ATTOM Data Solutions’ latest report shows which neighborhoods were the strongest and received the best returns on their real estate. Janet
Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications decreased drastically by 7.4% with the increase in interest rates. JPMorgan Chase just had over 1 million home equity and private banking loans converted by Black Knight Financial into their LoanSphere system. More startup companies are hoping to help apartment
Today’s News Synopsis: Mortgage performances are improving with only 4.8% being delinquent in April according to the latest Loan Performance Insights Report. Janet Yellen is heading up to testify before Congress, all in the midst of a market with increased job growth and not-increasing wages. Consumers can now have easier
Sources: CoreLogic US Home Price Report Shows Prices Up 6.6 Percent in May 2017 Mortgage Rates Jump Mortgage Applications Increase in Latest MBA Weekly Survey Home-Price Growth Sizzles in May, Driving a Wedge in the Market These U.S. States Still Haven’t Fully Recovered From Recession The Siege on Communities: NMSA
The Norris Group 1845 Chicago Avenue, Ste C, Riverside, CA 92507
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Phone: (951) 780-5856
Fax: (951) 780-9827
Location: 1845 Chicago Avenue, Ste. C Riverside, CA 92507
