Lennar

Homes Getting Snatched Up Faster Than Candy on Halloween

Today’s News Synopsis: Due to a shortage of properties for sale, homes are getting bought up at the fastest pace in 30 years.  Home prices increased 0.24% according to Black Knight’s latest Home Price Index Report.  Meanwhile, luxury homes in Los Angeles are taking twice as long to sell. In The News: National Association of …

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The Norris Group Real Estate News Roundup 9/24/13

Today’s News Synopsis: Several large banks are facing a lawsuit on terms that they lead to the failure of two credit unions by selling them faulty mortgages.  Home prices increased in July by 1.9% month-over-month and 12.3% year-over-year according to the latest Case Shiller Index.  At the same time, consumer confidence decreased this month to …

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The Norris Group Real Estate News Roundup 6/27/12

Today’s News Synopsis: The Mortgage Bankers Association reported a 7.1% decrease in mortgage applications from last week.  Pending home sales increased 5.9% last month according to the National Association of Realtors.  A new bill was passed by the New Jersey State Senate that will allow towns to rent out or resell former foreclosure properties they …

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The Norris Group Real Estate News Roundup 2/18/11

The Federal Reserve will require borrowers who get their mortgages through a broker to receive the lowest possible interest rate. LPS claims the national delinquency rate increased to 8.9% in January. A lawyer was held in contempt of court for helping his clients break back into their house after the foreclosure was ruled legitimate. RadarLogic said national home prices decreased 1.6% in December.

The Norris Group Real Estate News Roundup 3/22/10

The total number of failed banks so far in 2010 has now reached 37. Geithner suggests that government officials listen more to harmed families and businesses than to large financial institutions while considering a financial overhaul bill. Lennar is investing over $3 billion into distressed real estate assets. California will offer about $3.1 billion in taxable debt sales this week

The Norris Group Real Estate News Roundup 1/7/10

Home equity delinquencies increased to 4.3 percent of all accounts. Many construction companies reported an increase in profit during the 4th quarter of 2009. REIS Inc. reports that U.S. apartment vacancies rose to 8 percent last quarter. According to Freddie Mac, mortgage rates decreased to 5.09 percent from last week.

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