Today’s News Synopsis: Dorm living for professionals. The Mortgage Bankers Association reported the amount of mortgage credit available was lower in February, having decreased 1.2% to 180.7. Meanwhile, home flipping increased to its highest in 11 years as over 200,000 homes were flipped for the second year in a row.
Today’s News Synopsis: Not everyone wants Amazon HQ2 in their town. Home prices in December increased over 6% according to CoreLogic. Housing and economic activity in most metropolitan areas saw modest gains in the fourth quarter of 2017 according to the NAHB’s First American Leading Markets Index. In The News:
Today’s News Synopsis: Vacant properties jump up from a year ago. America has seen an increase in abandoned ghost towns, and Realtor.com came up with a list of the top five where you can actually buy a home. More and more people are struggling to pay the rent as rents
Today’s News Synopsis: Zillow Group will 3D homes to Real Estate Listings for FREE! Home affordability improved in the third quarter in 60% of U.S. markets according to ATTOM Data Solutions. Mortgage rates increased to their highest in six weeks with 30-year rates at 3.85% and 15-year rates at 3.15%.
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.
Today’s News Synopsis: The NAHB reported builder confidence continues to remain strong, having decreased only slightly to 67 from 69. Freddie Mac reported mortgage rates increased slightly after having steadily decreased for a long time; 30-year rates now stand at 3.91% and 15-year rates at 3.18%. The pace at which
Today’s News Synopsis: In a breaking news story, the Federal Reserve raised interest rates today for the third time in six months and plans to raise them one more time. However, they may reconsider this decision with the drastic decrease and slowdown in consumer-price inflation. More wealthy home buyers are
Sources: Black Knight Home Price Index Report: March 2017 Transactions Redfin Housing Demand Index Ticks Back up as Prime Selling Season Commences Pending home sales drop 1.3% in April as spring housing markets shows weakness 30-Year Fixed Mortgage Rates Moves Lower Honoring Their Sacrifice: Disabled Veterans Receive New Homes Housing Grants
Today’s News Synopsis: Mortgage rates decreased again to their lowest this year with 30-year rates at 3.95% and 15-year rates at 3.19%. Loans originated on residential properties came in at 1.4 million in the first quarter, down 30% from the previous quarter and up 21% year over year. The labor
Sources: Equity Gains Fuel Rise in Housing Market Value Why the supply of homes for sale is the lowest since 1999 Cash and Distressed Sales Update: October 2016 Redfin Report: Luxury Home Prices Inched Up 0.7 Percent in Fourth Quarter as the Rest of the Market Showed Substantial Gains Mortgage
The Norris Group 1845 Chicago Avenue, Ste C, Riverside, CA 92507
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Phone: (951) 780-5856
Fax: (951) 780-9827
Location: 1845 Chicago Avenue, Ste. C Riverside, CA 92507
