Apr 22, 2019

So Long LA…Hello Better Rents

Today’s News Synopsis: Experts believe the biggest reason thousands moved away from LA is the rent.  HUD and the Commerce Department reported a 0.3% decrease in housing starts in March.  Existing-home sales decreased by 4.9% in March according to the National Association of Realtors. In The News: NBC Los Angeles –

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Aug 07, 2018

Stay Put or Cash Out? With LA REIA

If you’ve followed Bruce Norris over the years, you know “Timing” is the most important word in real estate investing. California real estate investors have made incredible financial gains over the past six years. But, Bruce says we are nearing the end of a boom cycle in California. If that

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Nov 09, 2017

AR Will Show You What Items Can Look Like In Your House

Today’s News Synopsis: Augmented Reality coming to Real Estate.  Borrowing on commercial and multifamily properties increased 21% year-over-year in the third quarter.  In order to keep up with the constant increase in home prices, home buyers would need to save $600 a month. In The News: NAHB – “Los Angeles Takes

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Jan 10, 2017

Single-Family Production To Continue to See Growth in the Coming Year

Today’s News Synopsis: The NAHB reported growth in the housing market for the 55 and up age group, growth they expect to see continue.  26,000 foreclosures were completed in November according to CoreLogic’s November foreclosure report.  The NAHB also reported single-family production will continue to grow in the coming year

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Jan 06, 2017

Zillow Releases Latest Report on the Hottest Housing Markets

Sources: Mortgage Applications Decreased Over Two Week Period in Latest MBA Weekly Survey CoreLogic US Home Price Report Shows Prices Up 7.1 Percent in November 2016 Buying More Affordable than Renting in 66 Percent of U.S. Housing Markets And the Top-Ranked Metros Are… MiMi: Multi-Indicator Market Index Fed Officials See

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May 16, 2014

Economist John Husing #382

Bruce Norris is joined this week by Dr. John Husing. Dr. Husing is the leading authority on the Inland Empire’s economy, and he has been studying since he wrote his doctoral thesis on the region in the 1960s. His influence on the business and political landscape has been so extensive

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Oct 31, 2011

The Norris Group Real Estate News Roundup 10/31/11

Today’s News Synopsis: According to the Realty Times, the FHA is planning to make changes to the HARP program, including allowing more borrowers to be eligible for mortgage refinancing.  The U.S. is seeing more short sales in several different cities, Los Angeles having the highest number.  CNN Money reported home

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Mar 08, 2010

The Norris Group Real Estate News Roundup 3/8/10

Multifamily home building will likely become more expensive in San Diego, as a new water meter program gains popularity. According to RealtyTrac, one in every 25 Los Angeles homes received a notice of foreclosure in 2009. Silicon Valley Bank forecasts an increase in foreclosures in Napa Valley.

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