new home sales

The Norris Group’s 7th Annual I Survived Real Estate Event Held Tonight at the Nixon Library

        Today’s News Synopsis: Tonight is the night for the Norris Group’s annual event I Survived Real Estate 2014!  The video this week highlights the events main speakers, our sponsors for the event, and thanks everyone for their help and support.  New U.S. home sales increased last month, although not by much …

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New Home Sales Reach Highest Level in Six Years

  Copyright: Image from http://www.aag.com   Today’s News Synopsis: New home sales reached their highest in six years at 500,000 last month according to the latest data from HUD and the Census Bureau.  At the same time, the number of mortgage applications decreased 4.1% from last week.  Freddie Mac said with this decrease in mortgage applications …

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The Norris Group Real Estate News Roundup 2/18/14

Today’s News Synopsis: The sale of new homes increased 35% last month and are now at 543,000 units.  The latest Zillow report showed mortgage rates are increasing with 30-year rates now at 4.18% and 15-year at 3.14%.  Builder confidence decreased with the increase in bad weather. In The News: Mortgage Professional America – “Borrowers could see …

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The Norris Group Real Estate News Roundup 6/25/13

Today’s News Synopsis: Home prices increased in April by 12.1% year-over-year, exceeding expectations.  The national delinquency rate stood at 6.08% in May, the lowest since May 2008.  At the same time, foreclosure inventory also decreased to 3.05%, the lowest since March 2009.  A new bill was drafted to replace Fannie Mae and Freddie Mac with …

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The Norris Group Real Estate News Roundup 1/25/13

Sources: Home Values See Largest Annual Gain Since 2006 Home sales slip nationally in December as inventory drops Fitch: U.S. RMBS Delinquencies Improve in Q4 Home prices maintain upward trajectory LPS: Foreclosure Inventory, Delinquency Rates Decrease from Year Ago Mortgage rates on rise, Freddie Mac says; 30-year fixed at 3.42% Housing likely to contribute to …

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The Norris Group Real Estate News Roundup 10/24/12

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications decreased 12% from last week.  Home prices increased 0.7% in the US according to FHFA.  New home sales also increased and are now up 27% year over year.  Bank of America is being sued by the Justice Department for alleged mortgage fraud. In The News: …

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The Norris Group Real Estate News Roundup 9/26/11

Today’s News Synopsis: The sale of new homes dropped 2.3% in August, according to NAHB.  For the second day in a row, U.S. Treasury bond yields increased.  The Federal Reserve is hoping to work together with the White House to coordinate efforts to keep interest rates down by purchasing longer-term mortgage-backed securities and Treasuries. In …

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