foreclosures

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.  Job openings for construction jobs …

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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 still below expectations, coming in …

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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 hire 3,000 more employees as …

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Cash Sales of Homes Decrease to 31.3% According to CoreLogic

  Today’s News Synopsis:   According to the latest S&P/Case-Shiller Index, home prices increased 5% year-over-year in July in 20 cities across the country.  At the same time, cash sales decreased to 31.3% from 33.9% year-over-year in June according to CoreLogic.  Realtor.com reported now is a better time than ever to purchase a home and …

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Sean O'Toole with PropertyRadar

Sean O’Toole with PropertyRadar #452

On Friday, October 16, the Norris Group proudly presents its 8th 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 from the event benefit Make a Wish and St. Jude Children’s …

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Builder Confidence Up, But Affordability Down With Rising Construction Costs

  Today’s News Synopsis:   The NAHB reported a one point increase in builder confidence, placing it now at 61.  However, the NAHB also reported fewer people are able to afford housing now with the increase in both home and construction prices.  With the TRID deadline approaching, the CFPB just released a new document outlining …

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Mid-Tier Homes are Housing Recovery’s Achilles Heal

  Today’s News Synopsis:   According to both the U.S. Census Bureau and the Department of Commerce, spending on construction increased 0.1% in June.  At the same time, the number of borrowers considered underwater is showing signs of decrease at at faster rate than usual.  The latest report from Clear Capital showed the biggest weakness …

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Housing Crisis Is Not Over Yet According to 3 out of 5 Americans Surveyed

    Today’s News Synopsis: Foreclosures saw a 25% decrease last month, 10% of which were completed in four of the large metropolitan areas.  Mortgage applications increased again by 8.4% according to the latest survey from the Mortgage Bankers Association.  According to a recent survey by the MacArthur Foundation, 3 out of 5 Americans still …

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