Ginnie Mae

Where Will Amazon’s Second Headquarters Be? Might Depend on the Health of that Market

Today’s News Synopsis: 19 cities in the U.S. are in the running for being the second location for Amazon’s second headquarters, and they are all being ranked based on the health of market and quality of life of their homebuyers.  Mortgage rates increased slightly this week with 30-year rates now at 4.56% and 15-year rates …

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Dog Parks and Gardens or Golf and Pickleball?

Today’s News Synopsis: What do retirees want?  HUD and the Commerce Department reported a 3.7% decrease in housing production, although it continues to be at a post-recession high.  The Mortgage Bankers Association reported mortgage delinquencies decreased in the first quarter to 4.63%. In The News: NAHB – “Housing Production Drops 3.7 Percent But Remains Near Post-Recession High” …

Dog Parks and Gardens or Golf and Pickleball? Read More »

Real Estate riches

Rentals? Flips? REITS? Crowdfunding? Good Old Home Appreciation?

Today’s News Synopsis: What is the best way to get real estate riches? Rentals? Flips? REITS? Crowdfunding? Good Old Home Appreciation?  Home buyer and seller sentiment increased despite existing-home sales showing a decline.  Black Knight Financial Services Home Price Index shows prices increased 0.3% in July and 6.2% month-over-month. In The News: National Association of …

Rentals? Flips? REITS? Crowdfunding? Good Old Home Appreciation? Read More »

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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Ashish Pandey of Altisource Stepping Down From Position as Chief Executive Officer

    Today’s News Synopsis:   Mortgage rates decreased slightly this week with 30-year rates now at 4% and 15-year rates at 3.23%.  Foreclosures are at their highest in 19 months, up 16% year-over-year and 1% month-over-month.  In a big news story, Ashish Pandey is stepping down as the Residential CEO of Altisource.   In …

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Increase in Jobs Tied to Increasing Home Prices in South and Midwest

Sources: Homeownership at near 20-year low, but some bright spots Home price gains slow to 7.5% as forecast calls for further decline U.S. Mortgage Rates Rise With 30-Year at 4.14% Delinquency and Foreclosure Rates Decrease in Second Quarter Builder Confidence in the 55+ Housing Market Shows Positive Signs in the Second Quarter Judicial Foreclosures Make …

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MBA Expects Big Return of Commercial and Multifamily Originations

  Today’s News Synopsis: The MBA expects high return of commercial and multifamily originations this year with the increase in housing volume.  Sales of newly constructed homes increased 18.6% and now stand at 504.000.  According to the latest Case-Shiller Index, home prices increased 10.8% in 20 U.S. cities, falling short of expectations. In The News: …

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The Norris Group Real Estate News Roundup 2/12/14

Today’s News Synopsis: The latest report from the Mortgage Bankers Association showed mortgage applications decreased by 2% from last week.  The San Francisco Association of Realtors reported their city remains the most expensive place in the country to buy housing.  Zillow predicted housing demand to decrease over the next few years. In The News: Mortgage …

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