OUR NEWS

Feb 19, 2015

Over 1 Million Homeowners Avoid Foreclosure Thanks to Freddie Mac

  Today’s News Synopsis: Freddie Mac reported an increase in mortgage rates for the second week in a row with 30-year rates now at 3.76% and 15-year rates at 3.05%.  Housing affordability increased again in the fourth quarter.  For families earning the median price of $63,900, 62.8% of new and

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Nov 13, 2014

Mortgage rates continue to remain low

      Sources: Repeat Foreclosure Percentage Increases to Tie All-Time High Optimism about housing gradually improving Banks Agree to Multi-Million Dollar Settlement Over Faulty MBS Millennials still grapple with first-time homebuying Cities Struggle to Recover From U.S. Recession, Pew Says Today’s News Synopsis: Mortgage rates continue to remain low

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Nov 14, 2013

The Norris Group Real Estate News Roundup 11/14/13

  Today’s News Synopsis: Mortgage rates increased again for the second week in a row with 30-year rates now at 4.35% and 15-year rates at 3.35%.  In addition, foreclosure activity also increased last month for the 16th month in a row with the increase in foreclosure auctions.  In addition, Zillow

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Aug 13, 2013

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

Today’s News Synopsis: Consumer confidence in the housing market increased among younger Americans in the second quarter according to a recent survey by Prudential Real Estate.  The number of people optimistic about the market is now at 71%, up from 65% in the first quarter.  At the same time, affordability

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May 14, 2013

The Norris Group Real Estate News Roundup 5/14/13

Today’s News Synopsis: New home sales are beginning to increase once again as foreclosure and short sale inventory begins to decline.  The NAHB reported housing affordability was at its highest on record in the first quarter at 73.7%.  TransUnion reported the national mortgage delinquency rate was 4.56%, which is much

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Feb 21, 2013

The Norris Group Real Estate News Roundup 2/21/13

Today’s News Synopsis: The National Association of Realtors reported existing home sales increased 0.4% last month to 4.92 million.  Meanwhile, Goldman Sachs is expecting home sales to increase and continue to increase over the next for years.  30-year mortgage rates increased to 3.56%, the highest they have been in 7

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Nov 15, 2012

The Norris Group Real Estate News Roundup 11/15/12

  Today’s News Synopsis: Mortgage rates are now at new record lows again with 30-year rates at 3.34% and 15-year rates at 2.65%.  Mortgage delinquency rates also decreased to 7.4% as well as foreclosure rates decreased six basis points to 0.9%.  Housing affordability improved across the nation in the third

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Aug 14, 2012

The Norris Group Real Estate News Roundup 8/14/12

Today’s News Synopsis: According to the latest ForeclosureRadar statistics, foreclosure trends were mixed having increased 10.4% in California but decreased 64.2% in Oregon.  According to the NAHB, there are fewer affordable homes due to the increase in home prices.  385,000 permanent loan mods were completed in the first half of

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May 17, 2012

The Norris Group Real Estate News Roundup 5/17/12

Today’s News Synopsis: Jobless claims remained at 370,000 despite economists predicting they would decrease to 365,000 this past week.  The number of people who can afford to buy a home is at its highest on record at 77.5%.  At the same time, foreclosures are at their lowest in five years.

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Feb 17, 2012

The Norris Group Real Estate News Roundup 2/17/12

Sources: U.S. foreclosure filings decline in January Delinquencies and Foreclosures Decline in Latest MBA Mortgage Delinquency Survey Foreclosure Sales Up for West Coast States Except Washington Initial and Continuing Claims for Unemployment Fall Again Builder Confidence Increases for Fifth Consecutive Month in February Purchase Applications Decrease in Latest MBA Weekly

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