The Norris Group Real Estate News Roundup 1/14/10
Today’s News Synopsis: According to Freddie Mac, the 30-year fixed mortgage rate fell to 5.06 percent this week. 2.8 million properties received a foreclosure notice in 2009. Interactive Mortgage...
View ArticleThe Norris Group Real Estate News Roundup 1/29/10
Today’s News Synopsis: Foresight Analytics estimates that between 2010 and 2014, $770bn in commercial loans will be on properties in negative equity. According to the Commerce Department, the U.S....
View ArticleThe Norris Group Real Estate News Roundup 2/1/10
Today’s News Synopsis: The MBA reported there is a $1.45 trillion balance of outstanding mortgages held by non-bank investors. SIGTARP predicted a second housing bubble. Fannie Mae’s mortgage...
View ArticleThe Norris Group Real Estate News Roundup 2/11/10
Today’s News Synopsis: According to the NAR, home sales increased in 32 states from the 3rd quarter of 2009. Statistics from the CBIA show that the construction industry currently provides only one...
View ArticleThe Norris Group Real Estate News Roundup 9/15/10
Today’s News Synopsis: Mortgage applications decreased 8.9% this week, according to the MBA. Fannie Mae predicts 2010 sales will total 7.4% less than sales in 2009. UCLA economists predict the...
View ArticleThe Norris Group Real Estate News Roundup 9/20/10
Today’s News Synopsis: The NAHB’s monthly survey shows builder confidence remained at the previous month’s low level. Trepp claims that commercial real estate loans were the cause of 5 of the 6 bank...
View ArticleThe Norris Group Real Estate News Roundup 9/29/10
Today’s News Synopsis: The MBA’s weekly survey shows mortgage application volume decreased 0.8%. Fannie Mae’s mortgage portfolio increased 3.8% year over year. Harvey Rosenblum of the Dallas Fed...
View ArticleThe Norris Group Real Estate News Roundup 11/15/10
Today’s News Synopsis: Fed Governor Sarah Raskin expects 2.25 million foreclosures to occur this year and the next. Fiserv believes home prices will drop 7.1% over the next 12 months. According to the...
View ArticleThe Norris Group Real Estate News Roundup 11/16/10
Today’s News Synopsis: 16,744 new and resale homes sold in Southern California during October. Builder confidence increased slightly this month, according to the NAHB. Sean O’Toole of ForeclosureRadar...
View ArticleThe Norris Group Real Estate News Roundup 11/15/11
Today’s News Synopsis: The FHA is looking at a possible bailout in the next twelve months after reserves decrease below the legal limit. Fannie Mae and Freddie Mac have already received a $100 million...
View Article