Standard & Poor’s

The Norris Group Real Estate News Roundup 8/24/11

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications are at their lowest level in 15 years.  Members of Vintage East Condominium Association sued JPMorgan Chase & Co in order to take back a property they said JP Morgan was taking too long to foreclose on.  Rents are still on the rise as they continued …

The Norris Group Real Estate News Roundup 8/24/11 Read More »

The Norris Group Real Estate News Roundup 8/10/11

Today’s News Synopsis: Rismedia reported the rate for 15-year fixed loans is now at 3.54%, lowest it has been in 20 years.  HOPE NOW recently released data showing both mortgage delinquencies and foreclosure sales decreased this year.  Bloomberg also reported a decrease in home prices in 75% of metropolitan areas in the U.S.  Median prices …

The Norris Group Real Estate News Roundup 8/10/11 Read More »

The Norris Group Real Estate News Roundup 7/27/11

Today’s News Synopsis: The FHFA reported that mortgage rates decreased to 4.62% in June, marking the third month in a row mortgage rates have been down.  On a weekly basis, mortgage applications decreased 5% from a week ago.  NAHB reported that the sale of new homes has only decreased 1%, thereby remaining consistently low.   Elizabeth …

The Norris Group Real Estate News Roundup 7/27/11 Read More »

The Norris Group Real Estate News Roundup 7/15/11

Sources: Southland Home Sales Quicken, Median Price Highest This Year Jobless claims drop, remain higher than 400,000 Distress Claims $181 Billion in Commercial Real Estate Sector FTC Will Not Enforce Provisions of MARS Rule Against Real Estate Professionals Helping Consumers Obtain Short Sales FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams …

The Norris Group Real Estate News Roundup 7/15/11 Read More »

The Norris Group Real Estate News Roundup 6/27/11

Today’s News Synopsis: Realty Times reported mixed results for the market this month: an increase in housing starts but a 3.8% decrease in existing-home sales.  Analysts at Capital Economics found that cheaper and lower-quality homes will steadily decrease faster than homes at the higher end of the market.    The Wall Street Journal reported that more mortgage …

The Norris Group Real Estate News Roundup 6/27/11 Read More »

The Norris Group Real Estate News Roundup 12/21/10

Modifications to foreclosures on Freddie Mac and Fannie Mae mortgages increased more than twice as much in the third quarter, according to Housing Wire. Shaun Donovan said he and Secretary of Energy Steven Chu are discussing plans of creating an energy scoring system for houses. Standard and Poor’s reported levels of securities backed by mortgages are the slowest they have been since 2007, both for commercial and residential property. NAHB stated that the driving force for the housing market are actually the smaller businesses. CBIA announced that construction on new homes increased 21% this month.

The Norris Group Real Estate News Roundup 12/20/10

Bank of America Merrill Lynch stated that house owners may have to default their underwater mortgages in order to take care of their debt. Last October, pending home sale prices rose 10.4%, according to Realty Times. Prices on commercial property rose for the second month in a row according to Moody’s Investors Service and are expected to continue to fluctuate, according to Moody’s Investors Service. According to the National Association of Home Builders/Wells Fargo Housing Market Index, consumer cofidence in newly-built houses declined 4 points from November in the West. In other news, Moody’s Investors Service reported that prices of commercial property increased 1.3% in October.

Scroll to Top