S&P

HUD Is Raising Up-Front Fees and Tightening Program Limits in September

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Today’s News Synopsis: Changes are coming to Reverse Mortgages says HUD.  Even the least expensive apartments are becoming too much for low-income renters to be able to afford.  Home prices in Southern California increased drastically in July by 7.7% despite short supply. In The News: Freddie Mac – “Freddie Mac to Suspend All Evictions and Foreclosures …

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U.S. Department of Veterans Affairs Thanks Disabled Veterans Through Housing Grants

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Today’s News Synopsis: The U.S. Department of Veterans Affairs offered housing grants to disabled veterans as a way to say thank you for their service.  Home prices increased again to a new high at 1.3% month-over-month and 5.8% year-over-year.  Meanwhile, Redfin reported a 9.2% increase in their housing demand index. In The News: Realtor.com – “Honoring …

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More Hotels Are Being Constructed in Texas

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Today’s News Synopsis: According to the latest S & P/Dow Jones Indices, default rates for bank cards increased for the fourth straight month in February, up two basis points to 0.94%.  The Mortgage Bankers Association reported that despite a decrease in commercial mortgage-backed securities, debt on commercial and multifamly mortgages was still strong at the …

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Latest S&P/Case-Shiller Index Show Home Prices Increase 5.8%

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Today’s News Synopsis: The latest S&P/Case-Shiller Index showed home prices increased 5.8% to their highest in 2 1/2 years.  Interest rates also continue to show an upward trend according to the latest report from the Federal Housing Finance Agency.  Freddie Mac released their latest outlook for this month today. In The News: New York Times – …

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Freddie Mac Reports Growth For Multifamily Housing in Third Quarter

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Today’s News Synopsis: Fannie Mae’s latest Economic and Housing Outlook showed sentiment at its highest in multiple years with the increase in policies promoting growth.  Freddie Mac also reported growth in multifamily investing fundamentals for the third quarter in the Apartment Investment Index.  CoreLogic released their newest Housing Credit Index, which keeps track of trends …

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Home Prices in U.S. Increase to New Highs in September

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Today’s News Synopsis: Home prices in the U.S. increased 5.5% in September to new highs.  GDP increased in the third quarter, fueled by an increase in consumer spending according to the Commerce Department.  Fewer consumers and investors are choosing to live near the coast as they believe it to be a riskier investment. In The News: …

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Home Prices Across the Nation Rise, While LA Prices Rise Even Above National Rate

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Today’s News Synopsis: Home prices across the nation increased greatly 6.2% in August, while Los Angeles prices increased 5.1% in July to prices above even the national rate.  The sales of apartments in Manhattan decreased 20% from last year.  The FHFA is announcing via email a one-time offer for Principal Reduction Modification by the GSEs …

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The Norris Group Real Estate News Roundup 8/27/13

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Today’s News Synopsis: Home prices continue to show signs of increase according to the latest S&P/Case-Shiller Index.  Prices increased by 12.1% in 20 of the largest cities in the nation in June.  Home sales also increased last month by 3% month-over-month and 17.6% year-over-year.  In the meantime, mortgage delinquencies are continuing to show signs of …

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The Norris Group Real Estate News Roundup 11/6/12

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  Today’s News Synopsis: Freddie Mac reported a profitable third quarter and therefore will not be requesting more aid from the Treasury.  CoreLogic reported home prices increased 0.3% month-over-month in September to their highest since 2006.  In addition, HOPE NOW reported modifications and short sales were completed at a quicker pace in the third quarter. …

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