gdp

Sorry Millennials. No 2008 Bargains In This Recession

Today’s News Synopsis: A recession won’t help you buy a house.  Mortgage rates increased slightly from last week but generally held steady with 30-year rates now at 3.58% and 15-year rates at 3.06%.  The National Association of Realtors reported a 2.5% decrease in pending home sales in July. In The News: Freddie Mac – “Mortgage Rates …

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Bankrate Study Says Yes. 32% Are Due To Housing Costs

Today’s News Synopsis: Are housing costs causing Americans to lose sleep?  Mortgage rates decreased this week with 30-year rates now at 3.73% and 15-year rates at 3.16%.  Pending home sales increased last month by 1.1%. In The News: DS News – “Are Housing Costs Causing Americans to Lose Sleep?” (6-27-2019) “A new study by Bankrate found that almost …

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Christopher Thornberg

Is California Real Estate Market About to Tank? Christopher Thornberg #603

On Friday, September 28, the Norris Group proudly presents its 11th 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, tech disruption, and opportunities emerging for real estate professionals. All proceeds from the event benefit Make A Wish and …

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End The Year With Some Good News

Today’s News Synopsis: Economy Expected to End 2017 on a Cheerful Note.  As builder confidence continues to increase, housing starts on single-family homes increased 3.3% in November.  The National Association of Realtors said the drive to build more walkable communities is being pushed by both the millennials and silent generation. In The News: National Association …

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Home Prices in U.S. Increase to New Highs in September

Today’s News Synopsis: Home prices in the U.S. increased 5.5% in September to new highs.  GDP increased in the third quarter, fueled by an increase in consumer spending according to the Commerce Department.  Fewer consumers and investors are choosing to live near the coast as they believe it to be a riskier investment. In The News: …

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The Economy and the Outlook for Real Estate with Ralph McLaughlin of Trulia #487

Bruce Norris is joined this week by Ralph McLaughlin. Ralph is the Chief Economist for Trulia and leads their housing and economics research team. He provides house hunters with key insights about the economy as well as housing trends and public policy. His educational background includes a BS in geography and regional development from the …

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CFPB Reports Decrease In Complaints Against Ocwen

Today’s News Synopsis:   Twenty cities in the U.S saw a 5.5% in home prices in September.  The CFPB reported a decrease in complaints against Ocwen Financial by 16% over the previous three months.  The Bureau of Economic Analysis reported GDP grew 2.1% annually in the third quarter.   In The News: Realty Trac – “Are 0% …

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