Today’s News Synopsis: In a big news story, housing starts increased 7% last month, exceeding expectations. The 2014 fiscal budget showed a potential taxpayer bailout totaling $943 million to cover losses from bad loans. The recent S & P Dow Jones Indeces showed mortgage default rates decreased again in March to 1.41%. In The News: …
The Norris Group Real Estate News Roundup 4/16/13 Read More »
Today’s News Synopsis: According to the latest report from the National Association of Home Builders, housing starts increased 12.1% last month. 1.4 million homeowners have been rescued from negative equity with the increase in home prices. Mortgage rates increased ever so slightly from record lows to 3.38%. In The News: NAHB – “Housing Starts Up …
The Norris Group Real Estate News Roundup 1/17/13 Read More »
Today’s News Synopsis: The U.S. Commerce Department reported housing starts increased 3.6% last month. Consumer default rates also increased last month after nine months of steady improvement due to more consumers failing to pay their bills on time. The housing market is continuing to show improvement; however, home sales are not expected to increase dramatically …
The Norris Group Real Estate News Roundup 11/20/12 Read More »
Today’s News Synopsis: Another bank closed today in Illinois, bringing the new total now to 43. The inventory of homes for sale was lower in August than it was at the same time last year, which is preventing many wanting to purchase homes. Taxes could increase by an average of $3,500 if Congress does not …
The Norris Group Real Estate News Roundup 10/1/12 Read More »
Today’s News Synopsis: The total number of closed banks is now at 38 with the closure of five more banks over the weekend. The Census Bureau reported housing starts increased 6.9% from May to June and are now at their highest level in four years. Fannie Mae, Freddie Mac, and the Federal Home Loan Banks …
The Norris Group Real Estate News Roundup 7/23/12 Read More »
Today’s News Synopsis: Construction on new homes increased 6.9% and are now at the highest level not seen since 2008. Mortgage applications increased 16.9% from last week as a result of decreasing interest rates and more people choosing to refinance their mortgages. According to a recent survey by RE/MAX, both home sales and prices increased …
The Norris Group Real Estate News Roundup 7/18/12 Read More »
Today’s News Synopsis: As of last month, housing starts are at their highest they have been in three years as well as building permits increased. Fannie Mae and Freddie Mac have completed a total of 1.1 million loan modifications since September 2008. The Chief Financial Officer for Taylor, Bean, and Whitaker pleaded guilty today for …
The Norris Group Real Estate News Roundup 3/20/12 Read More »
Today’s News Synopsis: The Mortgage Bankers Association reported a decline in delinquency rates for one-to four unit residential property mortgage loans. Claims for unemployment insurance also decreased to the lowest level since March 2008. However, the market did see the highest level increase since October 2008 in housing starts for the month of January. In …
The Norris Group Real Estate News Roundup 2/16/12 Read More »
Today’s News Synopsis: The National Association of Home Builders announced record highs for housing affordability with the stabilizing markets. Foreclosures have risen for the first time since last year, according to Bloomberg News. DS News reported delinqunecies in the U.S. decreased to a level not seen in three years, displaying signs of improvement for people behind …
The Norris Group Real Estate News Roundup 11/17/11 Read More »
Today’s News Synopsis: A big story in the news is construction on homes has increased 15% as of last month according to NAHB. The Mortgage Bankers Association released their latest survey showing that mortgage applications decreased week-over-week. A new bill is being introduced putting new standards on issuing a government-backed mortgage, this time considering energy …
The Norris Group Real Estate News Roundup 10/19/11 Read More »