Median home prices

How Will They Impact Investors and Agents?

Today’s News Synopsis: 11 Upcoming Real Estate trends.  New home sales continued to remain steady in September, having decreased only 0.7% to 701,000 units.  Freddie Mac reported mortgage rates increased this past week with 30-year rates now at 3.75% and 15-year rates at 3.18%. In The News: Freddie Mac – “Mortgage Rates Rise” (10-24-2019) “Freddie Mac (OTCQB: …

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More Than Just A Tax Break

Today’s News Synopsis: Understanding Opportunity Zones.  Mortgage rates increased this week with 30-year rates now at 3.81% and 15-year rates at 3.23%.  U.S. Median Home Prices Reach A New Peak In Q2 2019, up 10.8% from the previous quarter and 6.4% year-over-year. In The News: Inman – “Understanding the nuances of opportunity zones” (7-18-2019) “Opportunity Zones …

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Median Price of $231,000 Reported for Condos and Single-Family Homes in June

Today’s News Synopsis: Mortgage loan originations for commercial/multifamily properties continue to remain high, having increased 1% year-over-year and 17% month-over-month.  ATTOM Data Solutions and RealtyTrac reported a median price of $231,000 for condos and single-family homes in June, up 6% month-over-month and 9% year-over-year.  The NAHB released a survey showing the percentage of people who …

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Bank of America Prepares for Impending Lawsuit

Today’s News Synopsis: Foreclosures decreased last month to their lowest in 8 years at 109,824.  Bank of America is putting a hold on their discussions regarding mortgages and are preparing for their impending lawsuit by the U.S.  Mortgage applications showed strong growth following the Memorial Day weekend, having increased 10.3% from the prior week. In …

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The Norris Group Real Estate News Roundup 2/15/13

Sources: Home Prices Rise in 88% of U.S. Cities as Recovery Gains Pent-up demand fuels home sales: NAR Mortgage delinquency rate drops nearly 14%: TransUnion Retail sales up despite payroll tax hike RealtyTrac: Foreclosure Starts Slow to 79-Month Low Senators Reintroduce Refi Bill Job growth in housing lingers near post-bubble lows CoreLogic: QM, QRM Rules …

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