Texas

Bruce Norris Is Joined By Tom Wilson on the Real Estate Radio Show #569

This week Bruce Norris is joined by Tom K. Wilson. Tom is a 5-decade real estate investor who transitioned from a 30-year engineering career, managing some of Silicon Valley’s pioneering high tech companies to a full-time investor in 2000. Since then he has bought and sold over 4,000 units and over 400 million of real …

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Consumers Can Now Publicly Voice Complaints in New CFPB Portal

    Today’s News Synopsis: Despite REOs increasing 9%, foreclosure activity decreased 4% last month and is now at its lowest level in 9 years.  Mortgage rates decreased again according to Freddie Mac with 30-year rates now at 3.78% and 15-year rates at 3.06%.  The CFPB set up a new portal in their database where …

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Homes Most Overvalued in Texas and California

          Sources: Builder Confidence Drops One Point in December Housing Production Falls 1.6 Percent in November November home sales and price report Southern California housing market treads water in November Commercial/Multifamily Mortgage Debt Rises to Record High Congress delays HUD program Julian Castro Statement On HUD FY2015 Budget Foreclosure Protection Bill …

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Homeowners Unprepared for Additional Mortgage Insurance Costs

Sources: Failed Bank List Home price gains slow in March HARP Refinances Total 77,000 in Q1 2014 Pending Home Sales Edge Up in April U.S. Mortgage Rates Decline for a Fifth Week FDIC report confirms banks’ mortgage exodus Commercial real estate outlook good despite sluggish economy GSE Overhaul Bill Clears Senate Committee Today’s News Synopsis: …

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The Norris Group Real Estate News Roundup 3/31/14

Today’s News Synopsis: Home prices remained relatively stable in the first quarter with distressed saturation remaining at 21.8%.  However, home sales are expected to increase significantly this spring as usually over half of U.S. home sales take place from March through June.  The second risk-sharing deal this year was just released by Freddie Mac, which …

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Robert Kleinhenz Joins Bruce Norris on the Real Estate Radio Show #261

This week Bruce Norris is joined by Robert Kleinhenz. Robert is the Chief Economist of the Kyser Center for Economic Research, which conducts research in regional, state, and national economies. Dr. Kleinhenz has a Bachelor’s Degree from the University of Michigan, a Masters and Doctorate from USC, all in economics. Prior to joining LAEDC, he …

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The Norris Group Real Estate News Roundup 8/3/11

Today’s News Synopsis The Wall Street Journal reported that the number of homes for sale decreased significantly in several cities, but unfortunately inventory is at its lowest in five years.  According to the latest Mortgage Bankers Association survey, mortgage applications increased 7.1% from last week, although still not at levels they have been in the …

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