May 27, 2014

Number of Failed Banks Now up to 8

  Today’s News Synopsis: The number of failed banks for the year is now up to eight with the recent closure of the Columbia Savings Bank bank in Ohio.  According to the latest Case-Shiller Index, home prices increased in March by 0.9% month-over-month and 12.6% year-over-year.  Consumer confidence also showed signs

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Aug 06, 2013

The Norris Group Real Estate News Roundup 8/6/13

Today’s News Synopsis: The number of available jobs increased by 29,000 last month to their highest in five years according to the Bureau of Labor Statistics.  CoreLogic reported home prices increased 11.9%, marking the 16th month in a row home prices have increased.  In the same month,the national delinquency rate

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Sep 28, 2012

The Norris Group Real Estate News Roundup 9/28/12

Sources: Shadow inventory declines by 1.2 million in 2012 Home prices rise in July for third consecutive month: S&P/Case-Shiller Consumer confidence rises, boosted by jobs optimism August pending and distressed home sales report More than 400K Borrowers to Receive Settlement Claim Forms Final California Homeowners’ Rights Bills Signed into Law

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Sep 11, 2012

The Norris Group Real Estate News Roundup 9/11/12

Today’s News Synopsis: A new refinance bill labeled the Responsible Homeowner Refinancing Act was introduced yesterday by the Senate that will bring extra changes to the HAMP program.  Moody’s announced the U.S. will lose its AAA credit rating unless Congress comes up with a plan to reduce the debt.  Edward

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Apr 17, 2012

The Norris Group Real Estate News Roundup 4/17/12

Today’s News Synopsis: Housing starts showed disappointing numbers last month with a 5.8% drop from February.  The Lender Processing Services reported more short sales than foreclosures with banks agreeing to sell houses below the mortgage amount.  Housing permits increased 4.5% last month, bringing them to their highest level in four

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Nov 23, 2011

I Survived Real Estate 2011 part 6 #253

On October 14, 2011, The Norris Group returned with its award-winning event I Survived Real Estate. An expert line-up of industry specialists joined Bruce Norris to discuss current industry regulation, head-scratching legislation, and the opportunities emerging for savvy real estate professionals. 100% of the proceeds support the Orange County Affiliate

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Jul 20, 2011

The Norris Group Real Estate News Roundup 7/20/11

Today’s News Synopsis: As of June, existing home sales are at their lowest they have been in seven months according to Bloomberg.  However, the prices for commercial property increased 6.3% in May according to Moody’s.  Wells Fargo was fined $85 million by the Federal Reserve for producing false information on incomes

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Jul 05, 2011

The Norris Group Real Estate News Roundup 7/5/11

Today’s News Synopsis: Washington Mutual and other defendants agreed to pay $208.5 million to settle a lawsuit involving money lost in the 2008 financial crisis.  RisMedia reported a decline in foreclosure sales ever since the addition of new foreclosure standards put into place during last year’s Robogate Scandal.   According to Bloomberg,

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Jun 23, 2011

The Norris Group Real Estate News Roundup 6/23/11

Today’s News Synopsis: New homes saw a decline in May of 2.1%, according to NAHB.  Mortgage rates remain at a steady low for the second week straight.  Shadow inventory is decreasing slowly, but is still high for the time being.  In other news, the House Appropriations Committee voted to cut funding

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Jun 22, 2011

The Norris Group Real Estate News Roundup 6/22/11

Today’s News Synopsis: Susan McFarland was just named the new CFO for Fannie Mae, according to Housing Wire.  Sales of existing homes decreased 3.8%, while home prices actually increased a slight .8%.  They rose slightly despite having fallen 5.7% back in April.  There was also an increase in the sale of pending homes

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