Lawrence Yun

California Home Sales Decrease 4% Despite Overall Existing Sales Increasing

  Today’s News Synopsis:   Freddie Mac reported mortgage rates have barely changed and continue to stay below 4%.  30-year rates now stand at 3.93% and 15-year rates at 3.15%.  The National Association of Realtors reported existing home sales increased last month by 2% to 5.59 million.  Despite this, home sales in California actually decreased …

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Housing Starts Expected to Reach Normal Levels in Two Years According to Lawrence Yun

  Today’s News Synopsis: Housing starts are expected to reach normal levels in the next two years, leading to an increase in home sales according to Lawrence Yun of the NAR.  Mortgage rates decreased after having seen substantial growth, putting 30-year rates at 4.04% and 15-year rates at 3.20%.  CoreLogic reported a decrease in distressed …

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The Norris Group Real Estate News Roundup 3/19/12

Today’s News Synopsis: The Treasury Department sold the last of its $225 billion portfolio of Fannie Mae and Freddie Mac mortgage-backed securities, generating $25 billion.  Builder confidence has remained consistent this month at 28, meaning confidence is at its highest level since June 2007.  Lawrence Yun of NAR warned a fear of rising mortgage rates …

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The Norris Group Real Estate News Roundup 11/7/11

Today’s News Synopsis: According to the Realty Times, pending home sales decreased 4.6% last September from the prior month.  CoreLogic reported home prices decreased  1.1% in September for the second month in a row.  Over the past 6 months, foreclosure starts have been increasing steadily for private-label residential mortgage-backed securities. In The News: Housing Wire – “CoreLogic home price index …

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The Norris Group Real Estate News Roundup 11/1/11

Today’s News Synopsis: In a big news story, 14 mortgage servicers are undergoing reviews of their foreclosure processes as reuired by consent orders they signed.  Pending home sales fell another 4.6% last week according to the Realty Times.  Allied Home Mortgage Capital is facing a lawsuit by federal officials for claims of fraud.  The Commerce …

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The Norris Group Real Estate News Roundup 10/4/11

Today’s News Synopsis: Inman News reported a 20% increase in foreclosure starts on a month-by-month basis from July to August.  CoreLogic released a new report forecasting that mortgage frauds will decrease 40% in the coming year.  In other news, the National Association of Realtors reported a 1.2% decrease in pending home sales for the month …

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The Norris Group Real Estate News Roundup 8/19/11

Sources: July sales and price report Mortgage Rates in U.S. Tumble to Lowest in More than 50 Years Jobless claims up to 408,000 last week Realtor.com, Yahoo Real Estate trading places in Web rankings Mortgage servicers bypass foreclosure delays with more short sales Case against MERS reaches Supreme Court Fed to Keep Interest Rates Low until 2013 NAHB Study …

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