Mar 31, 2017

Leslie Appleton-Young of CAR Joins Bruce Norris on the Norris Group Real Estate Radio Show #532

Bruce Norris is joined this week by Leslie Appleton-Young. She is the vice-president and Chief Economist of the California Association of Realtors, a statewide trade organization with over 200,000 members dedicated to the advancement of professionalism in real estate. Leslie directs the activities of the association’s member information group. She

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Sep 02, 2016

The State of Being a Realtor with Tom Salomone with the National Association of Realtors #502

On Friday, October 21, the Norris Group proudly presents its 9th annual award-winning black tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation and opportunities emerging for real estate professionals. Proceeds for the event benefit Make

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Jul 01, 2016

HUD and FHA Loans with Ray Brewer HUD Field Office Director #493

Bruce Norris is joined this week by Ray Brewer. Ray is currently the field office director for the U.S. Department of Housing and Urban Development in L.A. He has been serving in this capacity since June 2009, consisting of more than 200 employees. The HUD LA office is the largest

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Jun 30, 2016

Freddie Mac Reports Strong Decrease in Mortgages Rates With Recent Brexit News

Today’s News Synopsis: Freddie Mac reported a strong decrease in mortgage rates in the wake of the Brexit news with 30-year rates now at 3.48% and 15-year rates at 2.78%.  Construction on hotels is the highest in the U.S. above all other countries at 4,471 planned projects.  Congress announced they

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May 31, 2016

Latest Home Value Forecast Shows Increasing Gap Between Hot and Cold Markets

Today’s News Synopsis: Republicans are planning on announcing a new plan to bring major reform for Dodd-Frank, which would include replacing both the act itself and many of its financial reforms.  The latest Case-Shiller Index shows home prices increased 5.4% across the nation and 5.1% in the top 10 metropolitan

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May 09, 2016

CoreLogic Reports Drop in Distressed Home Sales

Today’s News Synopsis:   Interest rates for Fannie Mae and Freddie Mac mortgage modifications are expected to be lowered again to 3.624%, their lowest on record.  CoreLogic reported a drop in distressed home sales by 0.4% month-over-month and 2.9% year-over-year in February.  In an interesting story, the housing market is

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Apr 11, 2016

Wells Fargo Required to Pay $1.2 Billion In the Largest Settlement in FHA History

Today’s News Synopsis:   Wells Fargo is required to pay $1.2 billion, the largest settlement in the history of the FHA, to cover the costs of bad loans that went undisclosed.  Another bank, Goldman Sachs, is also required to pay to cover the cost of toxic mortgage bonds in a

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Feb 23, 2016

Five Cities Could Potentially Be in Housing Bubble; Riverside Included

Today’s News Synopsis:   Due to overvalued stock and drastically increasing home prices in certain cities, there is a possibility these cities may be in a housing bubble: Reno, Nevada, Bend, Oregon, Boise, Idaho, Austin Texas, and Riverside, California.  Existing-home sales increased by 0.4% to 5.47 million, their highest in

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Feb 09, 2016

H.R. 3700 Passes in the House

Today’s News Synopsis:   H.R. 3700, also known as the Housing Opportunity Through Modernization Act of 2015, was just passed by the House and if passed by the Senate will allow people an easier process for financing.  CoreLogic reported foreclosures decreased and were at their lowest level in 8 years.

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Feb 03, 2016

Ten-X Predicts Existing-Home Sales Will Reach Normal Levels This Year

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.6% decrease in mortgage applications from last week.  In a unique story, several bankruptcy claims were handled by several different banks after the housing bubble that produced drastically different results.  Ten-X predicts existing-home sales will reach normal levels this year.  

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