Hurricane Harvey

Attom Data: Homes in Higher Risk Areas Have More Equity and Longer Tenures.

Today’s News Synopsis: Home prices are rising faster in high natural disaster risk areas.  According to the latest home equity analysis from CoreLogic, the number of homes with a mortgage that is still in negative equity is 2.8 million.  The Federal Reserve has plans to start shrinking their bond portfolio by selling off bonds, although …

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Cryptocurrency Used to Buy House in Austin, Texas

Today’s News Synopsis: First home purchase entirely by Bitcoin occurred this week in Texas.  The National Association of Realtors reported a 1.7% decrease in existing-home sales last month.  Mortgage applications decreased 9.7% in the wake of the hurricanes and increased rates. In The News: National Association of Realtors – “Existing-Home Sales Subside 1.7 Percent in August” …

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Aaron Norris

Aaron Norris Interviews Bruce Norris of The Norris Group on the Real Estate Radio Show #556

On Friday, September 22, the Norris Group proudly presents its 10th 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, and opportunities emerging for real estate professionals. All proceeds from the event benefit Make a Wish and St. …

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Upstart Network Uses Alternative Data to Make Credit and Pricing Decisions

Today’s News Synopsis: No-Action letter issued by the CFPB to Upstart Network.  Mortgage rates continue to remain at their lowest for this year with 30-year rates at 3.78% and 15-year rates at 3.08%.  Following Amazon’s taking over certain stores such as Whole Foods, others are seeing this as an opportunity for real estate pricing. In …

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NYtimes.com Capitalizing On Zillow vs NEBNY Turmoil

Today’s News Synopsis: New York Times is giving Brokers free listing exposure on their website.  Baby boomers are downsizing in their living situation and choosing the downtown area.  Brian Montgomery has been nominated by Trump to be the new head of the FHA. In The News: HousingWire – “Trump picks Brian Montgomery to lead FHA“ (9-13-2017) …

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Homeowners Continue To Overestimate Their Home Values

Today’s News Synopsis: How much do you think your house is worth?  Many homeowners seem to be overestimating their value.  Household incomes in the U.S. increased last year to their highest on record by 3.2% as poverty decreased. Prices on homes are increases as demand for rentals continues to increase. In The News: Zillow – “Renter …

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California Led the Way By Adding 51,835 Companies From 2014-2017

Today’s News Synopsis: When it comes to business creation, what state comes to mind?  Out of the all the counties in the U.S. with the fewest number of homeowners per capita, Los Angeles is at the top of the list.  Governor Brown and other lawmakers are setting to work on several bills they hope will …

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HUD Is Raising Up-Front Fees and Tightening Program Limits in September

Today’s News Synopsis: Changes are coming to Reverse Mortgages says HUD.  Even the least expensive apartments are becoming too much for low-income renters to be able to afford.  Home prices in Southern California increased drastically in July by 7.7% despite short supply. In The News: Freddie Mac – “Freddie Mac to Suspend All Evictions and Foreclosures …

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Does the Appraisal Industry Need to Adapt?

Today’s News Synopsis: HUD announces assistance for Hurricane Harvey victims.  Appraisers respond to Fannie and Freddie “appraisal free mortgage product.”  A recent survey from the National Association of Realtors found that 62% of sellers’ agents believe staging a home helps it stay less time on the market as well as increases the selling price. In …

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