Phoenix

Existing-Home Sales Increase Significantly, But What Does This Mean for the Housing Market?

    Today’s News Synopsis:   Existing-home sales increased significantly to their highest in 6 years with the increase in homebuyers last month.  However, this news has actually caused concern for people at organizations like Capital Economics as this increase in sales means totals sales increased 9% year-over-year and may not be able to increase …

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The Norris Group Real Estate News Roundup 2/7/13

Today’s News Synopsis: Freddie Mac reported mortgage rates showed little change this week, showing the rate of change now at levels below normal.  30-year rates remain unchanged at 3.53% and 15-year rates at 2.77%.  Consumer confidence is increasing, and more consumers are showing a more positive outlook on the economy with the increase in home …

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Sean O'Toole with PropertyRadar

Sean O’Toole, President of ForeclosureRadar, Joins Bruce Norris on the Real Estate Radio Show #313

Bruce Norris is joined again this week by Sean O’Toole. Sean is the founder and president of ForeclosureRadar.com, one of the finest websites a real estate investor can get involved with on a regular basis. Sean has done an excellent job on the website and put his computer genius to work in the industry, saving …

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The Norris Group Real Estate News Roundup 7/30/12

Today’s News Synopsis: Another bank closed in Georgia last weekend, bringing the new total now to 39.  More mortgage investors are concerned about the amount of money being charged for government-backed securities and are instead reverting to using more expensive but less risky bonds.  Only 1/3 of mortgage bond investors interviewed by JP Morgan Securities …

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The Norris Group Real Estate News Roundup 5/9/12

Today’s News Synopsis: The Mortgage Bankers Association reported a 1.7% increase in mortgage applications from last week.  Single-family home prices increased in almost half of the cities in the U.S. with the median price increasing in 74 of 146 metropolitan areas.  The Florida Supreme Court is set to make a decision regarding fraud in foreclosure …

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The Norris Group Real Estate News Roundup 5/3/12

Today’s News Synopsis: According to a recent survey released by Freddie Mac, fixed mortgage rates are at their lowest on record with 30-years at 3.84% and 15-years at 3.07%.  First time claims for unemployment decreased by 27,000 last week according to the Labor Department.  Mortgage servicers also reported filing less than half the number of …

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The Norris Group Real Estate News Roundup 8/12/11

Sources: Foreclosure activity falls to 44-month low Jobless claims hover around 400,000 for third week Mortgage Rates for 30-Year U.S. Loans Decline to Nine-Month Low Housing Affordability up in California with home price decline Rates on 15-Year Fixed Lowest Ever Recorded Home Prices Decline in Almost Three-Fourths of U.S. Metropolitan Areas Fed to Keep Interest …

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