Is This Another Bad Sign For The Housing Market?

Today’s News Synopsis: Remodeling spending is expected to be slow.  Mortgage applications increased by 5.3% from last week according to the Mortgage Bankers Association.  Home prices in the metropolitan areas increased by 9.1% in the second quarter. In The News: Redfin – “11% of Redfin Offers Faced Competition in July, the Lowest Rate Since at Least …

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The ADU Top Ten

Today’s News Synopsis: If you’re considering investing in accessory dwelling units, what are ten things you should consider?  The FHFA reported home prices increased by 0.1% in May across the country.  Meanwhile, existing-home sales were weaker, having declined 1.7% in June. In The News: BiggerPockets – “10 Things to Consider When Investing in Accessory Dwelling Units” …

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For Now, At Least

Today’s News Synopsis: Why are Americans holding off on remodeling their homes?  Mortgage rates decreased again, putting 15-year rates at 3.28% and 30-year rates at their lowest in two years at 3.82%.  The home-flipping rate in the U.S. was at its highest in nine years in the first quarter with 49,059 homes and condos flipped. …

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Home Improvement Trends in Real Estate with Brad Hunter of HomeAdvisor #498

Bruce Norris is joined this week by Brad Hunter.  Brad spearheads HomeAdvisor, which works with the analysis and tracking of housing markets and the home improvement industry using proprietary data.  In his former position, he was Chief Economist and Director of Consulting for Metro Study, where he orchestrated 100s of areas for specific housing market …

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The Norris Group Real Estate News Roundup 3/10/11

RealtyTrac reports foreclosure notices decreased 14% in January. The House of Representatives voted to end FHA’s Short Refi program. According to a Zillow survey, 51% of Americans said the housing crisis has not affected their overall willingness to buy a home. The U.S. government posted the largest monthly deficit ever last month.

The Norris Group Real Estate News Roundup 7/29/10

RealtyTrac reports foreclosure filings incrased in 75% of the nation’s metro areas during the first 2 quarters. Statistics from the Department of Labor show unemployment insurance claims fell by 11,000 last week. According to Freddie Mac’s weekly survey, the average rate for a 30-year fixed-rate mortgage decreased to 4.54%. Fiserv predicts that single-family home prices will fall 4.9 percent during the next 12 months.

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