Home Depot

Uptick In Sales At Home Depot Reflect Millennial DYI

Today’s News Synopsis: Millennials; More than just avocado toast and sandwiches says Home Depot.  In a breaking news story, Richard Cordray resigned as director of the CFPB.  Zillow expects to see suburban sprawl in 2018 as inventory continues to decline with more homeowners looking to remodel their homes rather than move. In The News: HousingWire – …

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Department of Justice Seeking to File Criminal Charges Against JPMorgan and RBS

Today’s News Synopsis:   The Department of Justice is seeking to file criminal charges against JPMorgan Chase and Royal Bank of Scotland for selling mortgage securities that were imperfect.  Builder confidence decreased three points this month to 62 according to the NAHB.  In another huge updated story from yesterday, the bill to decrease Fannie and …

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Rental Investment Still Positive Despite Home Sales to Institutional Investors At Its Lowest in Four Years

  Today’s News Synopsis: Home prices gained momentum in 20 cities according to the latest S&P/Case-Shiller Index, having shown an increase of 4.6% year-over-year.  Rental investments for single families homes is still showing positive signs despite the sale of homes to institutional investors being at its lowest in four years.  A recent survey from Hammerhouse …

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Zillow Reports Number of Homeowners Underwater is 9.7 Million

  Today’s News Synopsis: Mortgage default rates decreased to 1.11%, the lowest recorded since the recession according to the latest index from Standard & Poors.  According to the latest Realty Trac report, countries with one in five homeowners underwater are inhabited by almost 1/3 of Americans.  The total number of people underwater is at about …

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The Norris Group Real Estate News Roundup 8/14/12

Today’s News Synopsis: According to the latest ForeclosureRadar statistics, foreclosure trends were mixed having increased 10.4% in California but decreased 64.2% in Oregon.  According to the NAHB, there are fewer affordable homes due to the increase in home prices.  385,000 permanent loan mods were completed in the first half of 2012 according to HOPE NOW. …

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The Norris Group Real Estate News Roundup 11/30/11

Today’s News Synopsis: According to the Los Angeles Times, the Federal Reserve and five major central banks are hoping to help solve the debt crisis by joining together to help European lenders obtain money more easily.  In other news, Bloomberg reported a 10.4% increase in pending home sales.   According to the latest MBA Weekly Mortgage …

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The Norris Group Real Estate News Roundup 4/13/11

MDA DataQuick reports 19,412 houses and condos sold in Southern California last month. Freddie Mac believes home sales will rise 5% in 2011. President Barack Obama revealed the White House’s deficit reduction plan, which aims to reduce the nation’s deficit by $4 trillion in 12 years. Home Depot sales show Americans are doing more home improvement.

The Norris Group Real Estate News Roundup 8/17/10

Statistics from MDA DataQuick show 18,946 new and resale homes were sold in Southern California in July. Frank Nothaft of Freddie Mac announced that refinancing activity has accounted for over 80% of conventional loan activity. National housing starts increased by 7.1 percent last month, according to the NAHB. The MBA expressed concerns that recent policy changes restricting seller concessions went too far and may damage the industry.

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