unemployment

US Adds Fewer Jobs Than Expected

Sources: Home Price Gains in June Concentrated in South and West According to the S&P CoreLogic Case-Shiller Indices Independent Mortgage Banks’ Profits Double in 2nd Quarter Distressed Sales Drop Down in May Pending Home Sales Prevail Despite Tight Inventory No all-day breakfast in real estate as McMansion price premium declines Lower-Paying Industries Are Seeing the …

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$659 of Delinquent Home Loans Just Sold by Freddie Mac

Sources: Home Prices on the Rise U.S. homeownership rate slides to lowest level since 1995 Pending Sales of U.S. Existing Homes Unexpectedly Decrease New home sales plummet in June 2014 CoreLogic: Foreclosure inventory tumbles 35% Job Market Adds 218,000 Jobs in July In Real Estate Listings Deal With Zillow, Trulia Bears Most of the Risk …

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Dr. Robert Kleinhenz Joins Bruce Norris on the Real Estate Radio Show #386

Bruce Norris is joined this week by Dr. Robert Kleinhez. Dr. Kleinhez is the chief economist for the Kaiser Center for economic research. They conduct research on regional state and national economies. He has over 25 years of experience and expertise in the private and public sectors as well as works as a private consultant. …

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More Baby Boomers Staying in Single-Family Residences Despite Popular Assumption

Today’s News Synopsis: Mortgage rates increased this week for the second week in a row with 30-year rates now at 4.2% and 15-year rates at 3.31%.  A recent survey by Fannie Mae showed that despite everyone’s perception that more baby boomers are downsizing to multifamily complexes, it is actually single-family residences where more are preferring …

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Mortgage Rates Increase for the First Time in Six Weeks

  Today’s News Synopsis: Out of 350 metropolitan areas, 56 are showing signs of improvement by being at normal levels this month.  Mortgage rates increased for the first time in six weeks with 30-year rates now at 4.14% and 15-year rates at 3.23%.  In addition, the amount of mortgage credit available increased last month by …

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The Norris Group Real Estate News Roundup 9/12/13

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications decreased by 13.5% from last week.  Mortgage rates did not show much signs of change with 30-year rates remaining at 4.57% and 15-year rates at 3.59%.  Unemployment claims also dropped to 292,000, their lowest in over 7 years. In The News: Mortgage Bankers Association– “Mortgage …

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The Norris Group Real Estate News Roundup 8/29/13

Today’s News Synopsis: The Labor Department reported unemployment claims decreased by 6,000 from last week and are now at 331,000.  Mortgage rates decreased slightly last week with 30-year rates now at 4.51% and 15-year rates at 3.54%.  Banks reported they earned $42.2 billion profit in the second quarter, a record amount. In The News: DS …

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The Norris Group Real Estate News Roundup 8/22/13

Today’s News Synopsis: Mortgage rates are now at their highest in two years with 30-year rates at 4.58%.  Unemployment claims increased by 13,000 to 336,000 and are at their lowest since before the Great Recession.  The FHFA announced home prices increased 7.7% through during the year through June and 0.7% month-over-month from May. In The …

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