OUR NEWS

Dec 17, 2019

Who Doesn’t Love Nooks and Crannies?

Today’s News Synopsis: What are the best features of old houses?  HUD and the Commerce Department reported single-family housing starts increased 3.2% last month.  Although renting has been a big thing over the last decade, more older, wealthier, and suburban people are starting to do it. In The News: Realtor.com –

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Nov 14, 2019

Just To Make Rent

Today’s News Synopsis: Younger renters and parents sacrifice more…Mortgage rates increased with 30-year rates now at 3.75% and 15-year rates at 3.2%.  New home sales increased by 5.6% in the third quarter according to Redfin. In The News: Freddie Mac – “Mortgage Rates Tick Up” (11-14-2019) “Freddie Mac (OTCQB: FMCC) today released the

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Jul 01, 2019

The Sunshine State Is A Transplant Favorite. Beaches, Weather, and Lack of Taxes

Today’s News Synopsis: Taxed to the hilt, more homebuyers are migrating to Florida.  Spending on construction decreased by 0.8% in May, the first time in six months to see a decrease.  With the increase in iBuyers, it is important to hear what they have to say. In The News: HousingWire –

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Jun 05, 2019

Here I Come To Save The Day!

Today’s News Synopsis: Help is on the way in certain cities and states where rents are exceedingly high – but which ones?  The Mortgage Bankers Association reported a 1.5% increase in mortgage applications from last week.  The government is pushing for a bill called the Affordable Housing Credit Improvement Act

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Apr 11, 2019

California Is Nowhere Near Where You Think It Is

Today’s News Synopsis: What is the best and worst state for U.S. taxpayers?  Mortgage rates increased slightly with 30-year rates now at 4.12% and 15-year rates at 3.6%.  Foreclosure activity decreased 15% in the first quarter of 2019 to it’s lowest level in over a decade. In The News: MarketWatch –

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Dec 20, 2018

Could Help People Get Back On Their Feet

Today’s News Synopsis: Rundown hotels are becoming affordable apartments.  Mortgage rates decreased slightly with 30-year rates now at 4.75% adn 15-year rates at 4.21%.  What unique experience happened with Phoenix real estate agent Andy Gregg that involved his smart technology. In The News: Freddie Mac – “Mortgage Rates Pull Back” (12-20-2018)

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Oct 17, 2018

Which One Are Developers Banking On?

Today’s News Synopsis: Home Sharing vs Airbnb?  The latest Mortgage Applications Survey from the MBA showed mortgage applications decreased 7.1% from last week.  More and more people are choosing to rent as they are finding it more affordable. In The News: NAHB – “Multifamily Decline Pushes Overall Housing Starts Down in

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Sep 20, 2018

Builders Think It Will Help The Housing Market

Today’s News Synopsis: Marriage delays mean buying homes later in life.  The National Association of Realtors reported existing home sales remined about the same after seeing a four-month decline.  For the first time in six year, rents remained the same year-over-year. In The News: Redfin – “More than One in Four

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Jun 28, 2016

Boomers Now Reported to Prefer Renting to Owning

Today’s News Synopsis: Case-Shiller reported a 5% increase in home prices, their sixth month in a row to see a price increase at this percentage.  A new report by Freddie Mac shows more and more baby boomers are now wanting to rent as opposed to owning a home.  Predictions on

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Jul 08, 2013

The Norris Group Real Estate News Roundup 7/8/13

Today’s News Synopsis: The nation has seen declines in inventory across the nation, while at the same time home prices are on the rise.  According to a recent Fannie Mae survey, the increase in mortgage rates could lead to an increase in demand for homes.  The number of people renting

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