Today’s News Synopsis: Social media factors in Millennial home-buying decisions. Speaking of which, experts believe more Gen Zers will own homes than millennials. Foreclosure activity decreased by 10% month-over-month and 6% year-over-year in November. In The News: Zillow – “More Gen Zers Than Millennials Will Own Homes, Experts Say” (12-16-2019) “The
Today’s News Synopsis: House-flipping is just the start of Zillow’s evolution. Mortgage rates fell back this week with 30-year rates now at 3.66% and 15-year rates at 3.15%. Existing home sales increased by 1.9% last month according to the National Association of Realtors. In The News: Freddie Mac – “Mortgage Rates
Today’s News Synopsis: Opportunity Zones! Mortgage rates decreased this week with 30-year rates now at 3.69% and 15-year rates at 3.13%. Where are the 20 hottest real estate markets? In The News: Realtor.com – “The 20 Hottest Markets in Real Estate, October 2019: Why Ohio?” (11-7-2019) “Ohio may be considered flyover
Today’s News Synopsis: Think you’re good at negotiations? The Mortgage Bankers Association reported mortgage debt for commercial and multifamily increased $51.9 billion in the second quarter, or 1.5%. iBuyers could be posing a threat to the MLS system. In The News: Mortgage Bankers Association – “Commercial/Multifamily Mortgage Debt Increased $51.9
Today’s News Synopsis: Abodu becomes San Jose’s first pre-approved ADU builder. Home prices are going down after having seen increases for a long time, but that may not necessarily be a good thing. Experts expect to see a shortage in housing construction until at least 2022. In The News: MarketWatch –
Today’s News Synopsis: According to a top real estate agent, your complex smart home system could actually be making your home unsellable. What do you need to be saving every day in order to afford a home in one of the top 11 cities? Of the homebuyers with kids, half
Today’s News Synopsis: Home trends you may regret in 20 years. The amount of mortgage credit available increased last month according to the Mortgage Bankers Association. Foreclosures saw their lowest rate in 20 years in March according to CoreLogic. In The News: Mortgage Bankers Association – “Mortgage Credit Availability Increased in
Today’s News Synopsis: When choosing a paint hue for your walls, it’s not just the color that matters, but the name of the color too. The Mortgage Bankers Association reported a 12% increase in commercial/multifamily originations in the first quarter. More and more teachers are having a hard time owning
Today’s News Synopsis: Study says people aren’t using real estate agents. The NAHB reported construction on multifamily homes is beginning to stabilize, decreasing slightly by 2% to 379,000 units. Mortgage applications increased 3.6% from last week according to the Mortgage Bankers Association. In The News: NAHB – “Multifamily Housing Production to
Today’s News Synopsis: Permits, starts, and completions all down. Builder and developer confidence in the multifamily sector was weak in the third quarter according to NAHB’s Multifamily Market Survey, dropping three points to 48. Out of the whole year, what are the top ten best days to purchase a home?
The Norris Group 1845 Chicago Avenue, Ste C, Riverside, CA 92507
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Phone: (951) 780-5856
Fax: (951) 780-9827
Location: 1845 Chicago Avenue, Ste. C Riverside, CA 92507
