Today’s News Synopsis: What is the ugliest building in every state? The median home price for single-family homes and condos was $255,000 in the second quarter, up 6.3% from last year. According to Zillow, half the homes in the U.S. are more valuable now than they were at their most valuable prior to the recession. …
Today’s News Synopsis: In an interesting news story, the most common names of homeowners with the most valuable homes is Stuart and Alison. Freddie Mac reported mortgage rates decreased to a new low with 30-year rates at 3.88% and 15-year rates at 3.17%. Median home prices in the U.S. came in at $253,000 in the …
Median Home Prices The Least Affordable in Nine Years According to ATTOM Data Solutions Read More »
Today’s News Synopsis: Builder confidence increased this month for the sixth month in a row and is now at 41. Vikram Pandit has stepped down from his position as Citigroup’s CEO and is being replaced by Michael Corbat. The California Association of Realtors reported the median home price in California is now at its highest …
The Norris Group Real Estate News Roundup 10/16/12 Read More »
Sources: Shadow Inventory falls to 6-month supply Consumers Firming Up Faith in Recovery: Survey Mortgage Rates in the U.S. Increase From Record Lows Foreclosure filings drop to five-year low in September First-Time Jobless Claims Hit Lowest Level Since February 2008 U.S. Files Civil Mortgage Fraud Suit Against Wells Fargo REAL ESTATE: C.A.R. says no to …
The Norris Group Real Estate News Roundup 10/12/12 Read More »
Today’s News Synopsis: The National Association of Realtors reported a 2.3% increase in existing-home sales last month and a 9.4% increase in median home prices year-over-year. A new bill was just signed into law by Governor Brown that will allow more time for homeowners to correct any code violations prior to a local agency coming …
The Norris Group Real Estate News Roundup 8/27/12 Read More »
This week Bruce Norris is joined by Leslie Appleton-Young. Leslie is vice-president and chief economist for the California Association of Realtors, a statewide trade organization with over 150,000 members dedicated to advancement of professionalism in real estate. Leslie directs the activities of the association’s members investment group or information group. She oversees the analysis of …
Today’s News Synopsis: Bloomberg reported that the number of homes being built is at a three-month low, lower than what was predicted in August. However, NAHB reported permits for new homes increased for both single-family and multifamily housing units. Median prices for homes in California are at their highest for 2011. The Senate held a …
The Norris Group Real Estate News Roundup 9/20/11 Read More »