OUR NEWS

Apr 21, 2017

Gallup Poll Shows Real Estate is Still America’s Favorite Investment

Sources: Builder Confidence Holds Firm in April Single-Family Production Falls in March After Strong February Reading Mortgage Defaults Climb Slightly Mortgage Rates Tumble Below 4 Percent Rents Rise at Slowest Pace in Five Years Political Holding Pattern Affirms Conservative Growth Forecast Freddie Mac April 2017 Outlook Robots May Help Build Your

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Dec 12, 2016

Fewer Real Estate Transactions Occurring as Public Waits To See How Trump Will Handle The Market

Today’s News Synopsis: Both Fannie Mae and Freddie Mac released their eviction moratoriums for the holidays today.  It seems fewer real estate transactions are taking place as people are waiting to see how Trump will handle the market.  Although the Fed is certain to raise interest rates to 05-0.75%, the

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Nov 08, 2016

Latest CoreLogic Foreclosure Report Shows 36,000 Completed Foreclosures in September

Today’s News Synopsis: According to the latest foreclosure report from CoreLogic, 36,000 foreclosures were completed in September.  NAHB’s Leading Maret Index Report showed the housing market is continuing to gain steam with 162 out of 340 metropolitan areas at or above normal levels.  Towd Point Master Funding is the winnder

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Sep 30, 2016

Sean O’Toole with PropertyRadar #506

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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Aug 11, 2016

East Coast Seeing Improvements in Real Estate 4 Years After Hurricane Sandy

Today’s News Synopsis: The estate coast is finally seeing improvements in the real estate market four years after being struck by Hurricane Sandy.  The second quarter saw a decrease in housing affordability with the increase in home prices.  ATTOM Data Solutions released their latest report showing a total of 6.7

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Jun 16, 2016

Builder Confidence Rose Two Points This Month To 60

Sources: Commercial/Multifamily Mortgage Debt Outstanding Continues Strong Growth Applications for New Home Purchases Decrease in May Foreclosure Rate Falls to New Post-Crisis Low Mortgage Applications Decrease in Latest MBA Weekly Survey Real estate investors passing over U.S. to find good deals in Europe NAR survey shows how college, student debt

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May 12, 2016

Job Openings for Construction Jobs That Remain Open at All-Time High

Today’s News Synopsis:   Freddie Mac reported 30-year mortgage rates, which now stand at 3.57%, are at their lowest since 2013 while 15-year rates stand at 2.81%.  The latest National Delinquency Survey from the Mortgage Bankers Association showed delinquency rates remain relatively the same while foreclosures are continuing to decrease.

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Nov 30, 2015

Pending Homes Sales Increased Only 0.2% in October

Today’s News Synopsis:   The Federal Reserve made a final unanimous decision to not repeat their tactics for bailing out American International Group Inc. and Bear Stearns back in 2008 and will only help on a larger scale if five or more banks need saving at the same time.  Pending

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Nov 10, 2015

Consumer Sentiment Below Expectations Despite Expected Increase in Interest Rates

Today’s News Synopsis:   Foreclosures continued to show signs of decrease in September with completed foreclosures dropping 17.6% and declining nationally by 24.3%.  The Mortgage Bankers Association reported commercial and multifamily mortgage originations increased 12% year-over-year in the third quarter.  Despite interest rates expected to increase soon, consumer sentiment was

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Oct 13, 2015

MBA Reports Increase in New Home Purchase Applications

  Today’s News Synopsis:   The Mortgage Bankers Association reported an increase in new home purchase applications by 3%.  For the eighth month in a row homeowners overestimated the value of their home, causing an even bigger increase in the gap between owner and appraiser opinion.  Wells Fargo plans to

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