Today’s News Synopsis: Conforming loans limits over $500K for the first time. New home sales were strong last month, having increased 0.7% to 733,000 units. You better get ready, because it turns out the best time to buy a home is the winter. In The News: Forbes – “The Real Estate
Today’s News Synopsis: Selling a haunted house? The Mortgage Bankers Association predicted purchase originations will increase by 1.6% to $1.29 trillion in the next year. What were the two major forces to reshape affordable housing? In The News: First American – “Two Forces Re-Shaped Housing Affordability in 2019, According to First
Today’s News Synopsis: What is the average rent in every state? Home prices increased 3.6% year-over-year in August according to CoreLogic. More and more people are putting off living on their own. In The News: Realtor.com – “Lessons From Listings Photos: This Bold Boston Townhouse Proves That Color Can Sell a
Today’s News Synopsis: Zillow is partnering with builders. The National Association of Realtors Reported existing-home sales increased by 1.3% in August. Mortgage rates increased greatly this week with 30-year rates now at 3.73% and 15-year rates at 3.21%. In The News: Freddie Mac – “Mortgage Rates Jump” (9-19-2019) “Freddie Mac (OTCQB: FMCC)
Today’s News Synopsis: Is your house not selling? Freddie Mac reported mortgage rates decreased this week with 30-year rates now at 3.49% and 15-year rates at 3%. The new plan for the GSEs is expected to be revealed very shortly. In The News: Freddie Mac – “Mortgage Rates Drop” (9-5-2019) “Freddie
Today’s News Synopsis: The personal hell of picking the right white paint. The Mortgage Bankers Association reported a 26.8% increase in mortgage applications from last week. Real estate is at a “tipping point” according to John Campbell of Zillow, Redfin and eXp Realty. In The News: Realtor.com – “The Personal Hell
Today’s News Synopsis: Fannie and Freddie changes coming. CoreLogic reported home prices increased 3.6% year-over-year in April. Meanwhile, home prices for newly constructed homes decreased by 1% in the first quarter. In The News: Forbes – “Expecting? These Cities Are The Most Affordable Places To Raise A Child” (6-4-2019) “It’s tough
Today’s News Synopsis: What is the biggest thing holding millennials back from becoming homeowners? Student loan debt. Fannie Mae and Freddie Mac announced today the completion of their new UMBS program. Although affordable housing is possible for both builders and buyers, there is still one problem. In The News: Armstrong
Today’s News Synopsis: Fannie and Freddie may be freed without Congress. The Mortgage Bankers Association reported a 2.7% increase in mortgage applications from last week. The next time you shop on Amazon, look for a do-it-yourself backyard guest house that can be built in 8 hours. In The News: Curbed –
Today’s News Synopsis: More than 1/5 Millennials still live with mom. Home prices in March increased by 3.7% year-over-year according to CoreLogic. So what it is about that $17,000 “sweet spot” that could help you in selling your home? In The News: Zillow – “More Than One in Five Millennials Sill
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
