fiscal cliff

The Norris Group Real Estate News Roundup 1/4/13

Sources: Shadow inventory contracts as investors snap up foreclosures Construction Spending in U.S. Unexpectedly Fell in November Completed Foreclosures Down 18% from Year Ago: CoreLogic First-Time Jobless Claims Finish Year at 372K ‘Fiscal cliff’ bill addresses some key housing issues Mortgage Debt Relief Act Extended for Another Year TRULIA NAMES LAS VEGAS AND SEATTLE AS …

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The Norris Group Real Estate News Roundup 1/2/13

Today’s News Synopsis: Shadow inventory decreased to 2.3 million units in October and is continuing to decrease from its original record-level highs.  Spending on construction decreased unexpectedly in November by 0.3%.  The Mortgage Debt Relief Act, which was originally supposed to expire on December 31, 2012, has been extended another year. In The News: DS …

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

Today’s News Synopsis: According to the latest survey released by Fannie Mae, consumer confidence has increased regarding the housing market and economy.  The number of people ready to purchase a home increased to 67%.  Barclays expects home prices to increase, resulting in home price appreciation increasing from 3.1% to 5.5%.  Home building is surging with …

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The Norris Group Real Estate News Roundup 12/05/12

Today’s News Synopsis: According to the latest MBA Weekly Mortgage Applications Survey, mortgage applications increased 4.5% from last week.  Foreclosure starts decreased 21.9% in October as a result the National Mortgage Settlement.  It is expected Freddie Mac will be demanded repurchases on mortgage loans from 2004 and 2005. In The News: Realty Times– “Consumers Sign …

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The Norris Group Real Estate News Roundup 11/21/12

Today’s News Synopsis: Happy Thanksgiving!  In a big day for numbers, both mortgage applications and mortgage rates decreased this week.  Mortgage applications decreased 2.2% from last week, and rates decreased to 3.31% to new record lows.  First-time claims for unemployment decreased by 41,000 to 410,000. In The News: DS News– “Fannie Mae Releases Forecast on …

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Christopher Thornberg, Principal at Beacon Economics, Joins Bruce Norris on the Real Estate Radio Show #299

On Friday, October 19, the Norris Group proudly presents its fifth annual award-winning event I Survived Real Estate. An incredible line-up of industry experts joins Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds for the event benefit Make a Wish and St. Jude’s Children’s Research Hospital. …

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The Norris Group Real Estate News Roundup 9/26/12

Today’s News Synopsis: Pending home sales increased 2.7% month-over-month last month, but decreased 2.% year-over-year.  Mortgage applications increased 2.8% last week with mortgage rates at their lowest on record.  California Governor Jerry Brown signed the final parts of the California Homeowner Bill of Rights into law on yesterday according to an announcement by Kamala Harris. …

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