Wednesday, May 31, 2006

CBIA - "Decline in single-family housing starts appears to be leveling off, CBIA Reports" (5-31-06)

"While total housing starts in April dropped by more than 10 percent compared to March, the decline in single-family production appears to be leveling off, the California Building Industry Association announced today."

"In April, permits were pulled for 11,119 single-family homes statewide, down just 0.2 percent from the previous month while multifamily housing starts — condos and apartments — totaled 3,476, down 37.6 percent from the previous month. Overall for the month, builders pulled permits for 14,595 homes and apartments, according to statistics compiled by the Burbank-based Construction Industry Research Board."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Real Estate Journal - "Slower Home Sales Open Up An Opportunity for Some Buyers" (5-31-06)

"The slowdown in housing sales, after five years of frantic buying, has ended the party for many real-estate investors. But the cooler market is welcome news for a subset of investors -- those who target homeowners facing foreclosure."


For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Tuesday, May 30, 2006

OC Register - "Home sales slump continues, stats show" (5-26-06)

"New housing figures released Friday suggest that May will be Orange County's seventh straight month with falling home sales, but prices still appear to be holding at record levels."

"Meanwhile, real estate economist Gary Watts backed off slightly from his forecast that home prices will go up 15 percent this year but told Realtors at a Buena Park gathering that he still expects double-digit appreciation rates for all of 2006."


For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
SacBee.com - "Region built 10 percent of new state housing" (5-30-06)

"Nearly one in every 10 homes, apartments and condominiums started last year in California rose in the Sacramento area -- led by Sacramento's Natomas area, the cities of Lincoln and Elk Grove, and unincorporated Yuba County, according to the California Building Industry Association."




For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Friday, May 26, 2006

CARealEstateJournal.com - "Mortgage Risk Rises" (5-26-06)

"Much of the normal market risk has been absent, or at least obscured, the last three years because of the strength of the real estate market. Now that sales are slowing and appreciation rates are coming down, risk is re-emerging."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Inman.com - "Real estate market slows, but as always, location is all" (5-26-06)

"The price has been lowered on this unit," acknowledged Justin Tamblyn, a sales agent at 62-unit GreenCity Lofts. Only 11 of the 62 lofts have closed escrow since they went on sale in late 2005, he said.



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
CBIA.org - "California Produced 10 Percent of Nation's Housing in 2005, CBIA Announces" (5-26-06)

"California produced 10 percent of all the housing in the nation in 2005, but even that level of production wasn’t enough to meet the need for new housing, the California Building Industry Association announced today."

Please see the C.A.R. article below. I'm not sure why they are saying this since inventory is now building. And who can afford their new inventory anyway?

"According to final, year-end statistics on housing starts around California, homebuilders began production last year on 208,804 new homes, condos, and apartments, down from 212,960 in 2004. California housing starts, as measured by building permits issued, ranked second nationally behind Florida and in a virtual tie with Texas. But that level of production was not evenly distributed across the state, said CBIA Chief Economist Alan Nevin."

Keep in mind much of this inventory hasn't landed on the market yet. This will only
exacerbate the problem. What will be on the market longer: new builds or exiting inventory?

"CBIA President and CEO Robert Rivinius said that the state’s housing affordability rate continues to plummet because production still is not keeping up with the need for new homes and apartments. He notes that prospective homebuyers will continue to feel the pinch because supply of new homes and apartments continue to fall short of the demand."

Looks like the N.A.R., C.A.R., and the CBIA are all speaking the same language. The affordability will indeed get better as more inventory lands on the market. Thank goodness California's "soft landing" is "normalizing" the marketplace. I'll be interested to see this year just how many builders decide to personally help solve the inventory problem.

“Unless governmental barriers that make it difficult to supply enough new homes and condos in all growth areas are removed, there’s no way that we’ll be able to begin closing California’s homeownership gap with the rest of the nation.”

What are these "government barriers" mentioned above? Perhaps rising cost of materials and labor and proposed "guidance" on alternativ mortgages?






For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
CAR.org - "C.A.R. reports median price of a home in California at $562,380 in April, up 10.2 percent from year ago; sales decrease 21.4 percent" (5-25-06)

“At 10.2 percent in April, we’re seeing price appreciation trend toward a more sustainable rate for the California housing market,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “Increased inventory levels are moderating the rate of price appreciation, but are still below what we experience in a more traditional market when the long-term supply of unsold inventory is about 7 months.”

Well, if there's a down trend, I think most Californians would like to know and hope it doesn't last too long. Notice C.A.R. is still talking about last years numbers. Only a few more months until that numbers really changes.


For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Federal Trade Commission - "Protecting Consumers in the New Mortgage Marketplace" (5-22-06)

"The FTC will host a public workshop, Protecting Consumers in the New Mortgage Marketplace, to explore consumer protection issues arising from the emergence of “nontraditional” or “alternative” mortgage products in the United States residential mortgage marketplace. The workshop will provide an opportunity for government regulators, industry participants, consumer advocates, and other interested parties to discuss the impact of these products on consumers and the marketplace."



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Thursday, May 25, 2006

Craiglist.com Sandiego - "$499000 - Downtown 2BR/2Bth Condo & NEW CAR" (5-25-06)

The link above will only stay active for two week but below is what it reads:

499000 - Downtown 2BR/2Bth Condo & NEW CAR

Get a New 2006 Honda Civic 2 door coupe with this 2 bedroom, 2 Bathroom condo. Seller offers a great price, excellent location and all the ammenities for a downtown lifestyle plus a new dependable gas efficient vehicle for your new secured parking space. . Immaculate condo with nice view, quiet location, 2 fitness centers, pool, hot tub, sauna, steam room,business center with seperate conference room. More than most condo's offer in any city is here at 850 Beech Street. Price is on a VR from $499000 to $518500 Car to be set up as a credit to buyer at COE (Contact Agent for full disclosure on this limited time only offer) Never used as a rental unit, owner will consider lease to own. Call to see and discuss all options that work for you.
Package your mortgage and real estate services with me and save even more money. . Arlene with My Real Estate and Mortgage Co. 619-818-6527


850 Beech Street at 8th and 9th
google map yahoo map
  • this is in or around Downtown SD Cortez Hill
  • no -- it's NOT ok to contact this poster with services or other commercial interests





I posted another about one month ago from Corona, CA offering a fully loaded Mercedes with a new single family home.



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
NAR.org - "Existing-Home Sales Slip in April" (5-25-06)

"Total existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 2.0 percent to a seasonally adjusted annual rate1 of 6.76 million units in April from a downwardly revised level of 6.90 million in March, and were 5.7 percent below the 7.17 million-unit pace in April 2005

So new homes are selling better then existing inventory. Not a huge surprise. Keep in mind that all news articles posted from National Association of Realtors are referencing national trends which are sometimes very different from California. California Association of Realtor data shows declines almost across the board.



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Real Estate Journal - " Hot Housing Markets Start to Cool, While Others Begin to Heat Up" (5-25-06)

This is what Bruce Norris refers to contrarian states - those that fair well while California sees market corrections. For more information see The California Crash Report. For those of you familiar with the Crash, notice one of the cities Bruce mentioned in his reports is in this article.



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Wednesday, May 24, 2006

Yahoo.com - "Housing sector shows resilience in April " (5-24-06)

"Sales of new homes rose unexpectedly in April to the fastest pace this year as the housing sector showed resilience in the face of rising mortgage rates. But the price of homes sold last month edged up only slightly and the level of unsold homes rose to a record high."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Sacramento Business Journal - "New record: Nearly a half-million real estate licenses" (5-24-06)

"Nearly 500,000 people hold real estate licenses in California -- the most ever -- the California Department of Real Estate reported Tuesday. That equates to one real estate licensee for every 52 adults."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
OC Register - "Foreclosure rate here not a worry" (5-24-06)

"Most of the cities with the highest foreclosure rates have above-average unemployment rates and below-average home-price appreciation. Unemployment is a major reason why homeowners stop making mortgage payments, and slow home-price appreciation can make it harder for homeowners in default to refinance or sell to stop foreclosure."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
OC Register - "Toll Brothers forecasts drop in yearly earnings" (5-24-06)

"Luxury home builder Toll Brothers Inc. on Tuesday reported a 3 percent increase in net income for its fiscal second quarter but said higher costs for materials and labor as well as steeper write-downs will drag down earnings for the full year."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Real Estate Journal - "Open-House Blog: Buyers Gain Advantage In the Housing Market" (5-23-06)

"Single-digit appreciation in California In April, the median price for a home in California rose 9% from the same period a year before, says the Los Angeles Times. It marked the first time in more than four years that housing prices rose less than 10%, a sign that the real-estate boom there is ending, the paper says. Both buyers and sellers are jockeying to gain control of a transitioning market. "Sellers are trying to get top dollar and are not realizing the market has changed," the Los Angeles Times quotes a local real-estate professional as saying. Buyers are sluggish, the article says, resulting in longer selling times and prices that are leveling off. Some buyers are responding by cutting their asking prices, with approximately a third of the homes on the market having their prices reduced at least once, the paper says. The number of sales fell 21.3% in April from the year before, the article says. However, despite the market slowdown, the region could escape any major price declines, economists say."



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
LATimes - "More Signs of Housing Cool-Down" (5-17-06)

"The region's median price rises 9% in April, the first year-over-year increase in single digits since 2001. Sales decline 21% for the month."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
NAR.org - "NAR Leading Index For Commercial Real Estate Rises in First Quarter" (5-23-06)

"A leading indicator for the commercial real estate market shows commercial sectors will continue to improve during the balance of the year, according to the National Association of Realtors®."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Tuesday, May 23, 2006

BusinessWeekly - "Real Estate: The Going Gets Tougher" (5-22-06)

"Interest rates are rising and markets across the U.S. that have seen phenomenal growth are slowing or declining. What's an investor to do?"

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
BusinessWeekly.com - "Real Estate: The Going Gets Tougher" (5-22-06)

"Interest rates are rising and markets across the U.S. that have seen phenomenal growth are slowing or declining. What's an investor to do?"



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Real Estate Jounral - "Condo Developers Add Clubs, Restaurants to Attract Buyers" (5-23-06)

"As demand for condominiums cools, some developers in places like New York, Miami and Las Vegas are signing big-name chefs and opening trendy bars on their properties."

Do you expect Los Angeles and other California metro areas to be any different?


For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
BusinessWeekly.com - "Housing Takes a Deep Breath" (5-22-06)

"National Association of Realtors' economist David Lereah explains why he thinks the housing market's drop will only be short-term."




For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
BusinessWeek.com - "The Growl of a Housing Bear" (5-22-06)

The sell-off looks like an overdue correction rather than the sign of an impending crash. As investors rethink the risks, some remain bullish.

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
OFHEO.gov - "OFHEO, SEC REACH SETTLEMENT WITH FANNIE MAE; PENALTY IMPOSED" (5-23-06)

OFHEO.gov - "OFHEO REPORT: FANNIE MAE FAÇADE - Fannie Mae Criticized for Earnings Manipulation" (5-23-06)

CNN.com - "Fannie Mae fined $400 million" (5-23-06)

Regulator cites 'arrogant and unethical' culture that led employees to lie about earnings; recommends review of current management.

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Monday, May 22, 2006

CNN.com - "Inflation could postpone Fed's pause" (5-22-06)


"The U.S. central bank was widely expected to make a pause in its program of interest rate hikes in June, but a big rise in core consumer inflation in April, which came in at 0.3 percent for a second straight month, cast some doubt on that view."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Sunday, May 21, 2006

SacBee.com - "Scraping by on mortgages" (5-21-06)

"California has the top 11 least-affordable markets for homebuyers"

"We lost 900 kids this year in the Salinas school district," Lutes said. "Where I teach, a small district, we lost 30. It has that ripple effect. It hurts everything."



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
NAR.org - "Baby Boomer Survey Shows Big Appetite For Real Estate" (5-18-06)

"Baby boomers have a higher rate of homeownership than the national average and one out of four own more than one property, according to a new study of the largest generation in U.S. history commissioned by the National Association of Realtors®."
For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Real Estate Journal - "Suit Could Reshape Real-Estate Sector" (5-21-06)

"A Justice Department antitrust suit against the National Association of Realtors raises a tricky legal question: Who controls information about homes listed by brokers as available for sale?"
For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Friday, May 19, 2006

SacrementoBee.com - "Forget about housing rebound" (5-18-06)

"Sales, inventory and prices all point to a significant downturn in region's market."


For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
BusinessWeekly.com - "Oil at $100? It's No Longer a Pipe Dream" (5-19-06)

"It may not take a supply disruption to send prices higher. Amid geopolitical uncertainty, the futures market might just do the job on its own."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Thursday, May 18, 2006

LATimes.com - "Rents a Key Driver of Inflation" (5-18-06)

The spread of price hikes to nonenergy areas "suggests that inflation is now a greater risk for the economy," said Lynn Reaser, an economist for Bank of America in Boston.

"It's still moderate," she said. "But this report does suggest that if the economy moves closer to full capacity, with the unemployment rate at 4.7%, this could be the beginning, perhaps, of a little more hint of a pickup in inflation."



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Inman.com - "Overnight real estate rates increase" (5-17-06)

30-year fixed rate at 6.22%; 10-year Treasury yield at 5.15%
For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
C.A.R.org - "Typical home buyer now an Internet buyer, according to the '2006 Internet Versus Traditional Buyer Survey'” (5-18-06)

"Use of Internet by all home buyers rises to 70 percent"



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
DQNews.com - "California Foreclosure Activity Up" (5-2-06)

"Lending institutions sent 18,668 default notices to California homeowners during the January-to-March period. That was up 23.4 percent from 15,122 for the prior quarter, and up 28.7 percent from 14,501 for 2005's first quarter, according to DataQuick Information Systems."


For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
DQNews.com - "California April Home Sales" (5-18-06)

"Market stress indicators are still very low: Down payments are stable, speculation buying is moderate, there are no significant shifts in market mix and default rates are rising, but still low. Earlier increases in non owner-occupied purchase activity and flipping activity have leveled off. The use of adjustable-rate mortgages has dropped the last four months."


For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
RealEstateJournal.com - "In Markets Like the Florida Coast, Formerly Hot Houses Grow Cold" (5-18-06)

"The Florida Association of Realtors reported recently that sales of existing single-family homes were down about 20% in February when compared to the same month a year ago -- and they were off as much as 47% in Naples. In California, sales dropped 15% in February compared with last year, led by a 30% decline in Sacramento, according to the California Association of Realtors. February sales were off year over year by about 19% in Washington, D.C., and down about 25% in and around Phoenix.

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Wednesday, May 17, 2006

MSN.com - "Bankruptcy filings soaring again" (5-17-06)

"It looks as if last year's reform law did not really stem the enormous flood of bankruptcies after all. Here are the states with the highest bankruptcy rates."


Will California make the list in 2006?

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
CBIA.org - "New Survey Shows State's Housing Affordability Is Still Worst in Nation" (5-17-06)

“California homebuilders are eager to meet the demand for new homes and condos, and we continue to work with policymakers in Sacramento and around the state to enact reforms that would allow us to produce the range of new homes that is needed to accommodate our growing population,” Marceau said.

CBIA Report (PDF)

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
NAHB.com - "Builders Support President's Call For Comprehensive Immigration Reform, Urge Senate To Act" (5-16-06)

The building industry will be greatly affected by whatever the government decides to do about immigration. You'll see most in favor of some sort of guest worker program. If hiring undocumented workers becomes a felony and enforcement increases, I'll be interested to see what it does to their numbers. With cost of supplies and cost of labor going up drastically, how will they survive in a market where price are "cooling?"

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
National Association of Home Builders - "Market Forces Show Proposed Lumber Pact A Bad Deal For U.S. Consumers" (5-16-06)

“Once enacted, these trade barriers would harm housing affordability by artificially boosting lumber prices during periods of normal or low demand through a complicated system of export taxes and quotas that would be triggered when the Random Lengths composite prices fall below $355 per thousand board feet,” said Jerry Howard, executive vice president and CEO of NAHB. “In addition to higher prices, it would also lead to market disruptions as Canadian mills accelerate or withhold shipments in anticipation of changes in quotas or fees.”

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Real Estate Journal - "Demand Slows for Mortgages And for Consumer Loans" (5-17-06)

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
CNN.com - "Home forecast: Where the growth is...and isn't" (5-17-06)

MONEY Magazine turned to Fiserv Lending solutions and Moody's economy.com for exclusive forecasts on 380 markets.


For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
CNN.com - "Bill Gross: 'My bad'" (5-17-06)

"Gross said that he believes rates will stay only slightly above inflation levels compared to historical norms, and he sees the 10-year Treasury in a range of 4 to 5.5 percent going forward."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Tuesday, May 16, 2006

CNN.com - "Housing slowdown to be widely felt" (5-16-06)

"Housing accounts for between a fourth and a fifth of the GDP (gross domestic product)," said Walter Molony, spokesman for the National Association of Realtors, referring to the broad measure of the nation's economic activity. "So many other industries see sales tied to the purchase of a home. We get calls from Singer sewing machines about our home sales statistics."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
DQNews.com - "Southland home sales at five-year low, single-digit appreciation" (5-16-06)

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Real Estate Journal - "Vegas Buyers Sue Developers After Condo Projects Cancelled" (5-16-06)

As California markets continue to cool and prices of construction continue to rise, this could happen to several projects. Anyone hear of projects in California who are collecting "reservation" money to lock in a spot for a project in pre-development?

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.

Monday, May 15, 2006

National Builders Assocation - "Builder Confidence Declines In May" (5-15-06)

"Rising mortgage rates, deepening affordability issues and the retreat of investors/speculators from the marketplace are prompting single-family home builders to further adjust their perspectives on the new-home market, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 200 podcasts in our free investor radio archive.
Yahoo.com - "Real Estate Bubble: Fact or Hype?" (5-15-06)

Bruce Norris talks about the pending California real estate market correction.


For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.
Realtor.org - "Metro Home Prices Begin to Cool but Appreciation Remains Strong" (5-15-06)

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.
Realtor.org - "First Quarter State Existing-Home Sales Ease" (5-15-06)

I love that David Lereah says that there has been an "improvement" in the housing inventory. What a diplomatic way to say that inventory is building.

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.
SanDiegoOnline.com - "Lenders take notice as defaults are rising" (5-19-06)

"A recent spike in default notices may be a sign that some homeowners are struggling to pay the adjustable-rate mortgages that now dominate lending in San Diego County's residential real estate market, analysts warn."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

Friday, May 12, 2006

WallStreetJournal - "Real-Estate Slowdown Appears To Be Spreading Nationwide" (5-10-06)

"Washington, D.C., Los Angeles/Long Beach, Tucson, Ariz., Sacramento, San Francisco, and Phoenix saw the biggest declines with sales falling 22%, 50%, 50%, 46%, 30%, and 37%, respectively. However, even markets that hadn't been weak previously -- such as Philadelphia, Dallas, and Las Vegas -- softened in the quarter, with sales falling 30%, 15%, and 13%, respectively, he said."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.
SacBee.com - "Mortgage defaults are rising" (5-9-06)

"DataQuick said year-over-year default notices jumped 49 percent in Sacramento County to 1,136; 90 percent in Placer to 239; and 109 percent in Yuba to 48."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.
SFGate.com - "Cooling market squeezing Bay Area developers" (5-11-06)

"Bay Area real estate developers are trimming prices, converting residential projects to commercial uses and, in some cases, walking away from some sites altogether."

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

Wednesday, May 10, 2006

CNN.com - "Hot home markets to cool down...how will your home fare?" (5-1-06)

CNN puts down a price forecasts for 379 metro areas for 2006.

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.
CNN.com - "50-year mortgage hits the market" (5-10-06)

"One of the biggest things in California is the high costs of homes. With rates going up, there's demand from customers (for) longer loans," Alex Diaz Jr., with Statewide Bancorp in Rancho Cucamonga, Calif., was quoted in the report as saying.



For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.
CNN.com - "Tax bill agreement reached" (5-9-06)

New tax bill extends reduced tax rate on capital gains and dividends and also makes Roth IRAs available to all tax payers. Tax revenue now, but not later.

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

Tuesday, May 09, 2006

NAR.org - "Housing Market Taking A Breather But Staying Strong" (5-9-06)

David Lereah:

“Coming off a prolonged period of record sales, housing is taking something of a breather this year,” he said. “Even so, interest rates remain historically low, we’ve added about 2 million jobs over the last 12 months and the economy continues to grow – that will sustain healthy levels of home sales in 2006, but they’ll stay below the peaks experienced during the last two years.”

Lereah forecasts 30-year mortgage rates will rise to 7% this summer and hold there for the rest of the year. Nationally, unemployment will decrease to 4.7%, existing home sales will decrease 6.4%, and median existing-home prices should rise 5.7% while new-home prices will only rise 2.2%.

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

Sunday, May 07, 2006

RealtyTimes.com - "Foreclosures -- No Worries, No Vision" (5-5-06)

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.
Bizjournals.com - "Poll: Residential real estate market is bad news" (5-5-06)

Informal poll in Los Angeles has 67% of pollers saying now is a bad time to buy.




For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.
LATIMES.com - "Taking stock of your property - on the financial market" (5-7-06)

The housing futures get a little more press. Bruce has a chapter on this subject in the California Crash course. Could housing futures protect home owners if prices in California decend?

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

Friday, May 05, 2006

BuilderOnline - "Foreclosure Activity Up" (5/2/06)

For more information about The Norris Group's California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor event calendar. You'll also find our award-winning real estate radio show on KTIE 590am at 6pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.