ReMax

Housing Market The Best It Has Been For Sellers

Today’s News Synopsis: The latest Home Price Index Report from Black Knight Financial Services showed home prices increased reached a new high in February, having increased 0.8% month-over-month and 5.7% year-over-year.  The housing market for sellers for the spring has been at its best as homes are selling faster than they are being put on …

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Nick Bailey

Nick Bailey of Zillow Joins Bruce Norris on the Real Estate Radio Show #507

On Friday, October 21, the Norris Group proudly presents its 9th annual award-winning black tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation and opportunities emerging for real estate professionals. Proceeds for the event benefit Make a Wish and St. Jude …

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U.S. Census Bureau Releases Data On States With Highest Taxes on Properties

Today’s News Synopsis:   Unlike the millennial generation, more baby boomers are choosing to own a home as opposed to renting.  Mortgage debt on commercial and multifamily properties showed strong increase in 2015, increasing to $2.83 trillion in the fourth quarter.  The U.S. Census Bureau recently released their list of states with the highest taxes …

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Ted Boecker of RE/MAX Joins Bruce Norris on the Norris Group Real Estate Radio Show #464

Bruce Norris is joined this week by Ted Boecker. Ted is the owner and broker of Re/MAX Results in Moreno Valley, a company started in 1989. He has a lot of experience in real estate and has trained and led 35 of Southern California’s highest producing real estate brokers and agents to close deals quickly …

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Residential Home Sales Highest in Seven Years Despite Being 3.2.% Down From June

  Today’s News Synopsis:   Sales on residential homes are still up year-over-year to their highest in seven years despite being 3.2% lower month-over-month.  Housing starts for single-family homes only increased by 0.2%, yet they are at their highest in eight years.  Fannie Mae just completed its third deal under the Credit Insurance Risk Transfer …

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JPMorgan Reaches Settlement Totaling $388 Million Over Mortgage-Backed Securities

  Today’s News Synopsis:   The Federal Reserve made the decision today that the top eight banks in the nation must comply with the minimum requirements for capital holdings if they do not want to face extra surcharges.  JPMorgan Chase just reached a settlement with investors of mortgage-backed securities totaling $388 million.  Home sales in …

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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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Ted Boecker and Mike Novak-Smith of REMAX Join Bruce Norris on the Real Estate Radio Show #430

Bruce Norris is joined this week by  Ted Boecker and Mike Novak-Smith. Ted is the owner and broker of RE/Max Results in Moreno Valley. He started the company in 1989, and he has been experienced at practicing law and being a general contractor. He has operated different types of developments. Mike Novak-Smith is one of the leading REO …

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Housing Starts Decrease Almost 15% with the Decrease in Multifamily Production

    Today’s News Synopsis: Housing starts decreased by 14.4% last month with the decrease in multifamily production.  Mortgage rates increased again to a 3-month high with 30-year rates now at 4.23% and 15-year rates at 3.37%.  In a recent announcement by the Federal Reserve, tapering will be completed by the end of next month, …

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