housing bubble

How Much Would You Pay For Your Very Own Sleeping Pod?

Today’s News Synopsis: Co-living, college dorm life for adults.  How are mortgage rates connected to the coronavirus?  Confidence in the multifamily builder and development sector remained the same. In The News: Realtor Magazine – “Credit Scores Nationally Surge to Record High” (3-2-2020) “Americans’ credit scores are improving, particularly among millennials. The average FICO score in the …

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Push ‘Em Down, Push ‘Em Down, Way Down!

Today’s News Synopsis: Even lower interest rates are what most first-time homebuyers want the most from the government.  The National Association of Realtors reported pending home sales decreased 4.9% last month.  Mortgage applications, on the other hand, increased 7.2% from last week. In The News: Redfin – “Survey: What Do First-Time Homebuyers Want From the Government?  …

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Monthly Rents for Dorms Higher Than Mortgage Rates Near Some Schools

Today’s News Synopsis: More students seem to be ditching dorms for homes.  Mortgage rates continue to hold steady with 30-year rates at 3.83% and 15-year rates at 3.13%.  The team at Realtor.com came out with a new list of the hottest markets in America for this month. In The News: National Association of Realtors – “Homeowners …

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NAHB Says Builder Confidence Holds Firm This Month

Today’s News Synopsis: Julian Castro is under scrutiny by the U.S. Office of Special Counsel for his violation of the Hatch Act.  The NAHB reported builder confidence continues to hold firm this month , having only decreased by one point to 59.  A recent survey by the Center for Responsible Lending  showed that voters prefer …

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The Norris Group Real Estate News Roundup 9/23/13

Today’s News Synopsis: Home prices increased by only 0.6% month-over-month, but year-over-year they showed an increase of 8.7%.  According to the latest report from the Mortgage Bankers Association, delinquency rates for commercial and multifamily mortgages decreased 0.01% in the second quarter.  The FHFA announced they will be starting a new education program to help homeowners …

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The Norris Group Real Estate News Roundup 3/25/13

Today’s News Synopsis: LPS reported home prices saw a month-over-month increase in January, but they are still lower than their original peak.  Zillow reported home values are expected to increase by as much as 22% through 2017.  Bank of America Merrill Lynch said another housing bubble could occur if home prices continue to rise without …

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The Norris Group Real Estate News Roundup 3/5/12

Today’s News Synopsis: Another bank closed in Georgia last Friday, bringing the total up to 12 for bank closures.  DS News reported a higher number of foreclosures in January than loan modifications, the first time this has occurred since October 2009.  Pending home sales are increasing this month, according to the National Association of Realtors. …

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Mike Shedlock Joins Bruce Norris on the Real Estate Radio Show #231

This week Bruce is joined once again by Mike Shedlock.  Mike is a registered investment advisor representative for Sitka Pacific Capital Management. Mike’s blog, Mish’s Global Economic Trend Analysis, was started back in 2005.  Before, he had worked in the banking industry for over 20 years as an assistant vice-president for Harris.  He then became …

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