OC Register - "Real estate economist cuts O.C. price forecast" (7-22-06)
"Gary Watts now sees 11% to 12% growth in home values for 2006 instead of the 15% appreciation he previously predicted."
"I really think that we are pretty close to the bottom of our real estate prices," Watts said. "August ought to be the last month of weak appreciation numbers."
Fore reference sake: "Housing evangelist still crying 'Hallelujah'" (7-23-05)
Saturday, July 22, 2006
LATimes.com - "30-Year Fixed-Rate Mortgages Hit 6.8%" (7-21-06)
"Rates on 30-year fixed-rate mortgages increased to a nationwide average of 6.8%, up from 6.74% last week and the highest since the week of May 24, 2002, mortgage company Freddie Mac said."
"Rates on 30-year fixed-rate mortgages increased to a nationwide average of 6.8%, up from 6.74% last week and the highest since the week of May 24, 2002, mortgage company Freddie Mac said."
LATimes - "Housing Expert: 'Soft Landing' Off Mark" (7-21-06)
"The chief economist of the California Assn. of Realtors has stopped using the term "soft landing" to describe the state's real estate market, saying she no longer feels comfortable with that mild label."
"The state Department of Real Estate recently reported that the total number of agents in the state passed 500,000 in May for the first time. That's one agent for every 55 adults in the state."
"The chief economist of the California Assn. of Realtors has stopped using the term "soft landing" to describe the state's real estate market, saying she no longer feels comfortable with that mild label."
"The state Department of Real Estate recently reported that the total number of agents in the state passed 500,000 in May for the first time. That's one agent for every 55 adults in the state."
LATimes.com - "The Area-Code Plot to Kill L.A.'s Housing Market" (7-21-06)
"The Fed's interest-rate hikes couldn't do it, but three little digits might. Would you pay L.A. prices to live in the 424?"
"The Fed's interest-rate hikes couldn't do it, but three little digits might. Would you pay L.A. prices to live in the 424?"
Thursday, July 20, 2006
Inman - "Rental market rebounds in Western markets" (7-20-06)
"Northern California sees highest jump in rental rates, occupancy"
"Northern California sees highest jump in rental rates, occupancy"
Inman - "Rental market rebounds in Western markets" (7-20-06)
"Northern California sees highest jump in rental rates, occupancy"
"Northern California sees highest jump in rental rates, occupancy"
Inman - "Home builder D.R. Horton's earnings sink" (7-20-06)
"As we indicated when we reported our net sales orders last week, the current home sales environment is characterized by an increase in both existing and new homes available for sale, higher than normal cancellation rates and an increase in the use of sales incentives in many of our markets. Due to these factors, last week we reduced our guidance for fiscal year 2006 to $3.65 per diluted share or greater (based on approximately 317 million diluted shares) on approximately 50,000 homes closed."
"As we indicated when we reported our net sales orders last week, the current home sales environment is characterized by an increase in both existing and new homes available for sale, higher than normal cancellation rates and an increase in the use of sales incentives in many of our markets. Due to these factors, last week we reduced our guidance for fiscal year 2006 to $3.65 per diluted share or greater (based on approximately 317 million diluted shares) on approximately 50,000 homes closed."
CNN - "Mortgage rates return to 4-year high" (7-20-06)
"Freddie Mac reports 30-year rebounds to 6.80 percent, its highest level since May 2002."
"Freddie Mac reports 30-year rebounds to 6.80 percent, its highest level since May 2002."
Wednesday, July 19, 2006
SacBee.com - "Home prices head south" (7-19-06)
"An entrenched slowdown in sales and a pileup of resale inventory is taking its toll in the capital region as, for the first time since the late 1990s, median sales prices for homes in Placer and Sacramento counties dipped below the previous year's levels."
"An entrenched slowdown in sales and a pileup of resale inventory is taking its toll in the capital region as, for the first time since the late 1990s, median sales prices for homes in Placer and Sacramento counties dipped below the previous year's levels."
LATimes.com - "Los Angeles Condo Conversions May Be Slowing" (7-19-06)
"The recent craze for converting apartment buildings to condominiums, which is drawing political heat in Los Angeles and elsewhere, may be slowed by market forces before City Hall has a chance to act."
"The recent craze for converting apartment buildings to condominiums, which is drawing political heat in Los Angeles and elsewhere, may be slowed by market forces before City Hall has a chance to act."
LATimes.com - "Home Sales Fall Again; Prices Rise" (7-19-06)
"Southern California's housing slowdown persisted last month as prices rose at their slowest pace in more than six years and sales fell for the seventh month in a row, data released Tuesday showed."
"Southern California's housing slowdown persisted last month as prices rose at their slowest pace in more than six years and sales fell for the seventh month in a row, data released Tuesday showed."
OCRegister.com - "Manufacturing sector growing in California, O.C." (7-19-06)
"California's manufacturing sector continued to grow at a faster rate than the nation's in the second quarter, according to a survey of purchasing managers released Monday by Chapman University's A. Gary Anderson Center for Economic Research. Orange County's manufacturing industry also expanded."
"California's manufacturing sector continued to grow at a faster rate than the nation's in the second quarter, according to a survey of purchasing managers released Monday by Chapman University's A. Gary Anderson Center for Economic Research. Orange County's manufacturing industry also expanded."
OCRegister.com - "Slowdown leaves sellers with hard choices" (7-19-06)
"Some homeowners are cutting their asking prices, paying buyers' closing costs and beefing up their marketing in an effort to close deals."
"Some homeowners are cutting their asking prices, paying buyers' closing costs and beefing up their marketing in an effort to close deals."
OCRegister.com - "Homeseller sweetens deal with Hawaii trip" (7-19-06)
"Owner of Newport Shores house believes throwing in a vacation could lure a buyer in a climate of waning sales."
"Owner of Newport Shores house believes throwing in a vacation could lure a buyer in a climate of waning sales."
SFGate.com - "Bay Area still isn't building enough houses" (7-19-06)
"Bay Area cities and counties built 83 percent of the homes needed to meet population and job growth over the last seven years, exacerbating the region's affordability crunch and lengthening many residents' commute times, according to a study by a business-oriented think tank."
"Bay Area cities and counties built 83 percent of the homes needed to meet population and job growth over the last seven years, exacerbating the region's affordability crunch and lengthening many residents' commute times, according to a study by a business-oriented think tank."
NAHB.org - "Housing Starts Drop 5.3 Percent In June" (7-19-06)
"Total housing starts dropped 5.3 percent in June to a seasonally adjusted annual rate of 1.850 million units, according to figures released by the Commerce Department today. This was 11.0 percent below the pace of a year ago."
"Total housing starts dropped 5.3 percent in June to a seasonally adjusted annual rate of 1.850 million units, according to figures released by the Commerce Department today. This was 11.0 percent below the pace of a year ago."
ALTA.org - "Mortgage Application Volume Declines in Latest MBA Survey" (7-19-06)
"The Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending July 14 found taht the Market Composite Index, a measure of mortgage loan application volume, was 540.8, a decrease of 4.6 percent on a seasonally adjusted basis from 566.8 one week earlier. On an unadjusted basis, the Index increased 36.4 percent compared with the previous week but was down 31.3 percent compared with the same week one year earlier."
"The Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending July 14 found taht the Market Composite Index, a measure of mortgage loan application volume, was 540.8, a decrease of 4.6 percent on a seasonally adjusted basis from 566.8 one week earlier. On an unadjusted basis, the Index increased 36.4 percent compared with the previous week but was down 31.3 percent compared with the same week one year earlier."
NAR.org - "To Buy Or Not To Buy; NAR Consumer Brochure Answers The Question" (7-19-06)
"Renting can cost more than seven times annually than owning, according to a newly revised consumer education brochure from the National Association of Realtors®. The brochure, “Why rent when you can buy?” challenges certain assumptions about renting versus buying and helps Realtors® evaluate with their clients and customers whether homeownership is right for them."
"Renting can cost more than seven times annually than owning, according to a newly revised consumer education brochure from the National Association of Realtors®. The brochure, “Why rent when you can buy?” challenges certain assumptions about renting versus buying and helps Realtors® evaluate with their clients and customers whether homeownership is right for them."
Inman - "Real estate slowdown continues in California" (7-19-06)
"Home sales dropped 24 percent in the San Francisco Bay Area in June compared to June 2005, and were down 17.5 percent in Southern California during the same period, according to real estate research company DataQuick Information Systems."
"Home sales dropped 24 percent in the San Francisco Bay Area in June compared to June 2005, and were down 17.5 percent in Southern California during the same period, according to real estate research company DataQuick Information Systems."
Inman - "Bernanke raises hopes of pause in interest-rate hikes" (7-19-06)
Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee today that a slowdown in the economy that would keep inflation in check seems to be underway, raising hopes on Wall Street that the Fed will keep short-term interest rates at 5.25 percent.
Federal Reserve Chairman Ben Bernanke told the Senate Banking Committee today that a slowdown in the economy that would keep inflation in check seems to be underway, raising hopes on Wall Street that the Fed will keep short-term interest rates at 5.25 percent.
Inman - "Fannie Mae forecasts 10% drop in 2006 home sales" (7-19-06)
"The number of homes changing hands in 2006 could decline by up to 10 percent next year, and mortgage originations could fall by 18 percent to $2.41 trillion in 2006, the top economists at Fannie Mae project."
"The number of homes changing hands in 2006 could decline by up to 10 percent next year, and mortgage originations could fall by 18 percent to $2.41 trillion in 2006, the top economists at Fannie Mae project."
Tuesday, July 18, 2006
NAHB.com - "Builder Confidence Slips Again In July" (7-18-06)
"Increased concerns about interest rates and housing affordability caused builder confidence in the market for new single-family homes to slip three more notches to 39, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July, reported today."
"Increased concerns about interest rates and housing affordability caused builder confidence in the market for new single-family homes to slip three more notches to 39, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July, reported today."
Inman - "Wells Fargo reports record profits despite losses on ARMs" (7-17-06)
"Wells Fargo says it generated record profits of $2.09 billion in the second quarter, despite taking a $250 million loss on the sale of $26 billion in adjustable-rate mortgages and other loans."
"Wells Fargo says it generated record profits of $2.09 billion in the second quarter, despite taking a $250 million loss on the sale of $26 billion in adjustable-rate mortgages and other loans."
LA Times - "For San Diego Real Estate, the Skies Are Not So Sunny" (7-17-06)
"Signs of a chill are spreading in the state's hottest market. Care to speculate on the future?"
"Signs of a chill are spreading in the state's hottest market. Care to speculate on the future?"
Friday, July 14, 2006
Inman - "Builder slashes earnings forecast" (7-14-06)
"D.R. Horton Inc., a large Fort Worth, Texas-based home builder, cut its 2006 earnings forecast Thursday due to the slower real estate market conditions. Quarterly home sales orders were down from a year ago, while orders in the first nine months of the fiscal year were up, the builder said."
"D.R. Horton Inc., a large Fort Worth, Texas-based home builder, cut its 2006 earnings forecast Thursday due to the slower real estate market conditions. Quarterly home sales orders were down from a year ago, while orders in the first nine months of the fiscal year were up, the builder said."
Inman - "California proposes new rules for title insurance industry" (7-14-06)
"Claiming that there's not enough competition in the title insurance industry, California's Insurance Commissioner is proposing new regulations he says will result in rate reductions of at least 20 percent."
"Claiming that there's not enough competition in the title insurance industry, California's Insurance Commissioner is proposing new regulations he says will result in rate reductions of at least 20 percent."
LA Times - "Bids on the Block" (7-9-06)
In a shifting market, property auctions are catching on with owners who want a quick sale and buyers hoping to find a bargain: Shades of EBay.
In a shifting market, property auctions are catching on with owners who want a quick sale and buyers hoping to find a bargain: Shades of EBay.
Real Estate Journal - "Home Builders Expect Slowdown For the U.S. Real-Estate Market" (7-14-06)
"The economic forecast for California isn't as positive because the state already has expensive home prices and an overall high cost of living, the report added."
"The economic forecast for California isn't as positive because the state already has expensive home prices and an overall high cost of living, the report added."
Wednesday, July 12, 2006
Real Estate Journal - "Interest Rates, Fuel Costs Partner To Derail Housing Markets" (7-12-06)
"More far-flung than other Bay Area suburbs, California's Central Valley is experiencing a housing market downturn more pronounced than in the Bay Area, the Mercury News says. During the residential real-estate boom, home buyers were buying properties farther from San Francisco in exchange for cheaper price tags, and Central Valley communities proliferated, the paper says. But now, with higher gasoline costs, rising mortgage rates and significantly appreciated real-estate prices, homes in the region are harder to sell and prices are falling. The article reports that in California's San Joaquin, Stanislaus and Merced counties, sales of new and resale homes dropped 29% in the first five months of this year from the same period last year, according to DataQuick Information Services. At the end of May, almost 4,000 houses were up for sale in San Joaquin County, a year-over-year rise of almost 250%, the Mercury News says. To get an idea of the commute between these communities and San Francisco, a calculation on Indo.com shows that the driving distance between the San Joaquin town of Tracy and San Francisco is 62 miles."
"More far-flung than other Bay Area suburbs, California's Central Valley is experiencing a housing market downturn more pronounced than in the Bay Area, the Mercury News says. During the residential real-estate boom, home buyers were buying properties farther from San Francisco in exchange for cheaper price tags, and Central Valley communities proliferated, the paper says. But now, with higher gasoline costs, rising mortgage rates and significantly appreciated real-estate prices, homes in the region are harder to sell and prices are falling. The article reports that in California's San Joaquin, Stanislaus and Merced counties, sales of new and resale homes dropped 29% in the first five months of this year from the same period last year, according to DataQuick Information Services. At the end of May, almost 4,000 houses were up for sale in San Joaquin County, a year-over-year rise of almost 250%, the Mercury News says. To get an idea of the commute between these communities and San Francisco, a calculation on Indo.com shows that the driving distance between the San Joaquin town of Tracy and San Francisco is 62 miles."
CNN - "Mortgage applications up for second week" (7-12-06)
"MBA index sees a 1% increase from previous week; 30-year mortgage averaged 6.81%."
"MBA index sees a 1% increase from previous week; 30-year mortgage averaged 6.81%."
Tuesday, July 11, 2006
NAR.org - "Home Sales Expected To Stabilize In The Months Ahead" (7-11-06)
David Lereah, NAR’s chief economist, said the market is showing signs of stabilizing. “The major housing indicators have been moving up and down within a reasonable range, which means the market should even-out just below present levels,” he said. “At the same time, housing inventory levels are balanced in much of the country, so overall price appreciation will be at a normal rate. We should see home sales rise and fall month to month, but don’t look for any big shifts one way or the other.”
David Lereah, NAR’s chief economist, said the market is showing signs of stabilizing. “The major housing indicators have been moving up and down within a reasonable range, which means the market should even-out just below present levels,” he said. “At the same time, housing inventory levels are balanced in much of the country, so overall price appreciation will be at a normal rate. We should see home sales rise and fall month to month, but don’t look for any big shifts one way or the other.”
Inman - "Economists say housing market cooling, not crashing" (6-11-06)
"Housing sales and starts are down from last year's peaks, and will continue to decline in 2007 and perhaps into 2008, economists at Fannie Mae, Freddie Mac and the National Association of Home Builders predicted today."
"Housing sales and starts are down from last year's peaks, and will continue to decline in 2007 and perhaps into 2008, economists at Fannie Mae, Freddie Mac and the National Association of Home Builders predicted today."
Monday, July 10, 2006
SacBee.com - "Mortgage giants avert potential disaster" (7-10-06)
"A potential financial disaster that could have shaken the housing market was averted because regulators discovered accounting failures at Fannie Mae and Freddie Mac, the new head of the agency that oversees the mortgage giants said Monday."
"A potential financial disaster that could have shaken the housing market was averted because regulators discovered accounting failures at Fannie Mae and Freddie Mac, the new head of the agency that oversees the mortgage giants said Monday."
OC Register - "Refi loans could prove costly in foreclosure" (7-8-06)
"Law allows lenders to go after personal savings as well as the house, unlike original mortgage."
"Law allows lenders to go after personal savings as well as the house, unlike original mortgage."
LATimes.com - "KB Home Warns of Slower Sales as Inventory Grows" (7-11-06)
"Home builder KB Home said negative trends in the U.S. housing market could persist in 2007, as inventory accumulates amid higher interest rates, according to a filing with the Securities and Exchange Commission on Friday."
"Home builder KB Home said negative trends in the U.S. housing market could persist in 2007, as inventory accumulates amid higher interest rates, according to a filing with the Securities and Exchange Commission on Friday."
CNN - "Housing market slowing but strong" (7-10-06)
"Despite cooling economy, this year should still be the third-strongest year on record, according to Freddie Mac."
"Despite cooling economy, this year should still be the third-strongest year on record, according to Freddie Mac."
Saturday, July 08, 2006
LATimes - "30-Year Mortgage Rates Climb to 6.79%" (7-7-06)
"Rates on 30-year fixed-rate mortgages increased to a nationwide average of 6.79% this week, up from 6.78% last week and the highest level since the week of May 24, 2002, mortgage company Freddie Mac said."
"Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, increased to 6.44%, up from 6.43% last week. Rates on one-year adjustable-rate mortgages rose to 5.83%, up from 5.82% last week. Rates on five-year adjustable-rate mortgages were unchanged at 6.39%."
"The mortgage rates do not include add-on fees known as points. The 30-year and 15-year mortgages carried a nationwide average fee of 0.5 of a point. The five-year ARM had a nationwide average fee of 0.6 of a point and the one-year ARM carried a fee of 0.8 of a point."
"Rates on 30-year fixed-rate mortgages increased to a nationwide average of 6.79% this week, up from 6.78% last week and the highest level since the week of May 24, 2002, mortgage company Freddie Mac said."
"Rates on 15-year fixed-rate mortgages, a popular choice for refinancing, increased to 6.44%, up from 6.43% last week. Rates on one-year adjustable-rate mortgages rose to 5.83%, up from 5.82% last week. Rates on five-year adjustable-rate mortgages were unchanged at 6.39%."
"The mortgage rates do not include add-on fees known as points. The 30-year and 15-year mortgages carried a nationwide average fee of 0.5 of a point. The five-year ARM had a nationwide average fee of 0.6 of a point and the one-year ARM carried a fee of 0.8 of a point."
NYTimes - "Investors Lead Home Sale Boom in New Orleans" (6-9-06)
"In a market spurred by speculators and bargain hunters, an extraordinarily large number of houses in the flood-ravaged metropolitan area here are being sold, according to real estate analysts, who say volume and sales prices exceed levels before Hurricane Katrina."
"In a market spurred by speculators and bargain hunters, an extraordinarily large number of houses in the flood-ravaged metropolitan area here are being sold, according to real estate analysts, who say volume and sales prices exceed levels before Hurricane Katrina."
Thursday, July 06, 2006
Inman - "The next real estate boomtowns: Where are they?" (7-6-06)
"We're starting to see a pretty significant migration of California people not only buying property for investment but moving here to live."
"We're starting to see a pretty significant migration of California people not only buying property for investment but moving here to live."
NAR.org - "Pending Home Sales Index Leveling Out" (7-6-06)
David Lereah, NAR’s chief economist, said the index appears to be moderating. “The slight change in pending home sales indicates the market is beginning to level out,” Lereah said. “This is consistent with our forecast, which is showing a soft landing for the housing sector. We are entering the second phase of the transition period from the housing boom, in which sellers are becoming more realistic about their expectations – sales are stabilizing and annual home price appreciation is returning to historic norms.”
David Lereah, NAR’s chief economist, said the index appears to be moderating. “The slight change in pending home sales indicates the market is beginning to level out,” Lereah said. “This is consistent with our forecast, which is showing a soft landing for the housing sector. We are entering the second phase of the transition period from the housing boom, in which sellers are becoming more realistic about their expectations – sales are stabilizing and annual home price appreciation is returning to historic norms.”
Wall Street Jounral - "Surviving a Real-Estate Slowdown" (7-5-06)
"A 'Loud Pop' Is Coming,
But Mr. Heebner Sees Harm
Limited to Inflated Regions"
"A 'Loud Pop' Is Coming,
But Mr. Heebner Sees Harm
Limited to Inflated Regions"
CNN.com - "Higher prices, higher rates: The 1st-time homebuyer squeeze" (6-5-06)
"It's never easy buying your first home. But in the past year, it's gotten a lot harder."
"It's never easy buying your first home. But in the past year, it's gotten a lot harder."
Wednesday, July 05, 2006
Star-Telegram - "Housing undervalued now, but maybe not for long" (6-5-06)
"Finally, it may be Texas' turn for a housing boom -- or at least a boomlet."
"Finally, it may be Texas' turn for a housing boom -- or at least a boomlet."
Real Estate Journal - "Sellers Find It Difficult to Set A Price in a Volatile Market" (6-3-06)
"A year or two ago, pricing a house was simple. Sellers only had to look at what their neighbors were charging, add 10% and wait for the bidding wars to begin."
"A year or two ago, pricing a house was simple. Sellers only had to look at what their neighbors were charging, add 10% and wait for the bidding wars to begin."
Salt Lake City Tribune - "Utah escapes U.S. housing balloon" (7-1-06)
"Despite rapidly increasing prices, the market is not as overvalued as you might think"
"Despite rapidly increasing prices, the market is not as overvalued as you might think"
Sunday, July 02, 2006
LA Downtown News - "The Coming of the Cranes" (7-2-06)
"The Downtown Boom Continues With 156 Projects"
"The Downtown Boom Continues With 156 Projects"
LA Times - "What's really so bad about rental units in a condo complex?" (7-2-06)
"Our condo complex is 19% rental units. I want our association to prevent the future purchase of units intended to be rentals. I want the board to require a buyer to live in the unit for two years before it can be rented. I've heard that mortgage companies can refuse to finance condos and homes if more than 25% of the complex is used as rentals. Some of the other owners don't share my concern, but I'm worried about lowering property values. Can our board legally cap the number of future rentals while permitting the existing rentals to stay?"
"Our condo complex is 19% rental units. I want our association to prevent the future purchase of units intended to be rentals. I want the board to require a buyer to live in the unit for two years before it can be rented. I've heard that mortgage companies can refuse to finance condos and homes if more than 25% of the complex is used as rentals. Some of the other owners don't share my concern, but I'm worried about lowering property values. Can our board legally cap the number of future rentals while permitting the existing rentals to stay?"
OC Register - "Upwardly mobile" (6-30-06)
"Priced out of the traditional housing market, some Orange County consumers are turning to more affordable manufactured homes."
"Priced out of the traditional housing market, some Orange County consumers are turning to more affordable manufactured homes."
Inman - "Residential real estate construction slows in California" (6-30-06)
"Single-family housing starts down 22% from a year ago"
"Single-family housing starts down 22% from a year ago"
Daily News - "Housing future uncertain, but certainly not good" (7-2-06)
Bruce interviews about some of his finding in the California Crash report.
Bruce interviews about some of his finding in the California Crash report.
Saturday, July 01, 2006
OC Register - "Analysts say rate hike no big deal for mortgages" (6-29-06)
"30-year, fixed-rate loan hits 6.6% in O.C.; expect rates to inch higher over next year."
"30-year, fixed-rate loan hits 6.6% in O.C.; expect rates to inch higher over next year."
OC Register - "O.C. ranked near top for fall in home prices within 2 years" (6-27-06)
"Orange County's housing risk remains high on a national scale, says mortgage insurer PMI Group's math."
"Orange County's housing risk remains high on a national scale, says mortgage insurer PMI Group's math."
Real Estate Journal - "New Study Pinpoints Top Places Where Real-Estate Prices May Fall" (6-30-06)
"Some of the nation's hottest housing markets are cooling, but the strength of the economy is balancing the risk of home-price declines, according to PMI Mortgage Insurance Co., which released its U.S. Market Risk Index on Tuesday."
"Some of the nation's hottest housing markets are cooling, but the strength of the economy is balancing the risk of home-price declines, according to PMI Mortgage Insurance Co., which released its U.S. Market Risk Index on Tuesday."
CBIA - "Housing Production Continued to Tick Upwards in May, CBIA Announces" (6-30-06)
"Overall Production Is on Track to Be the Fourth-Highest in 17 years"
"Overall Production Is on Track to Be the Fourth-Highest in 17 years"
Business Weekly - "Bernanke's Timely Balm" (6-30-06)
"The Fed chairman's indication of a willingness to moderate his tough stand against inflation reassured investors and sent stocks soaring"
"The Fed chairman's indication of a willingness to moderate his tough stand against inflation reassured investors and sent stocks soaring"
Friday, June 30, 2006
Voice of San Diego - "Downtown Project For Sale" (6-30-06)
"Another developer is leaving the market in downtown San Diego and will be auctioning off a proposed condo development, plans and all, in August."
"Another developer is leaving the market in downtown San Diego and will be auctioning off a proposed condo development, plans and all, in August."
Thursday, June 29, 2006
Inman - "Online market grows for real estate advertising" (6-29-06)
"Newspapers still top recipient for real estate ad spending"
"Newspapers still top recipient for real estate ad spending"
CNN - "Fed hikes rates again" (6-29-06)
"Central bank policy-makers raise key interest rate to 5.25 percent; leave door open."
"Central bank policy-makers raise key interest rate to 5.25 percent; leave door open."
Wednesday, June 28, 2006
OCRegister - "New homes fly off market at record '06 speed" (6-26-06)
May's 4.6 percent sales increase defies analysts' expectations of a 4 percent decline.
May's 4.6 percent sales increase defies analysts' expectations of a 4 percent decline.
Real Estate Journal - "Where Houses Are Selling And Where They Are Not" (6-28-06)
"Last month, the median home price in Southern California ($485,000) posted its smallest year-over-year price gain, 6.4%, since July 2000, according to the Los Angeles Times. It's taking longer to sell a house, thanks to increasing mortgage rates, fewer speculators, and homeowners trying to sell before prices fall further, the article says. The areas that saw the smallest price appreciation in May were the first ones to see skyrocketing price tags during the boom, the Los Angeles Times says. For instance, last month, San Diego County's median home price went up a mere 0.4% to $490,000 from $488,000, and Ventura County's median price rose 3% to $586,000, the article says. However, the paper says, three counties reached record-breaking median prices in May: Los Angeles (which rose 10.9% from the year before to $509,000), Riverside County (which had a rise of 9.4% to $417,000) and Orange County (which saw an increase of 7.6% to $635,000)."
"Last month, the median home price in Southern California ($485,000) posted its smallest year-over-year price gain, 6.4%, since July 2000, according to the Los Angeles Times. It's taking longer to sell a house, thanks to increasing mortgage rates, fewer speculators, and homeowners trying to sell before prices fall further, the article says. The areas that saw the smallest price appreciation in May were the first ones to see skyrocketing price tags during the boom, the Los Angeles Times says. For instance, last month, San Diego County's median home price went up a mere 0.4% to $490,000 from $488,000, and Ventura County's median price rose 3% to $586,000, the article says. However, the paper says, three counties reached record-breaking median prices in May: Los Angeles (which rose 10.9% from the year before to $509,000), Riverside County (which had a rise of 9.4% to $417,000) and Orange County (which saw an increase of 7.6% to $635,000)."
CNN.com - "Bernanke flexes his muscles" (6-28-06)
"Up in arms over his rate hikes and tough talk? Get over it. This is what a new Fed chairman does."
"Up in arms over his rate hikes and tough talk? Get over it. This is what a new Fed chairman does."
Tuesday, June 27, 2006
CNN.com - "Stuck! Homes sit longer on the market" (6-27-06)
"It's taking longer to sell a house these days. Is this another sign that the boom is over?"
"It's taking longer to sell a house these days. Is this another sign that the boom is over?"
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 - "A Housing Slowdown Can Put the Brakes on Jobs" (6-27-06)
"Mortgage brokers, prepare your resumes. And while you are at it, highlight any experience you've had in health care."
"Mortgage brokers, prepare your resumes. And while you are at it, highlight any experience you've had in health care."
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 - "U.S. New-Home Sales Rise At Fastest Pace Since December" (6-26-06)
"The unexpected increase in new home sales could have an effect on monetary policy. The Federal Reserve is widely expected to raise short-term interest rates again when it meets Wednesday and Thursday, extending a two-year credit tightening cycle in an effort to restrain inflation. But the course of the housing market could be a major influence on future decisions."
"The unexpected increase in new home sales could have an effect on monetary policy. The Federal Reserve is widely expected to raise short-term interest rates again when it meets Wednesday and Thursday, extending a two-year credit tightening cycle in an effort to restrain inflation. But the course of the housing market could be a major influence on future decisions."
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 - "Existing-Home Sales Post Decline As Higher Interest Rates Deter Buyers" (6-28-06)
"Sales of existing homes in the U.S. fell in May to a 6.67 million annual rate, a 1.2% decline from April, the National Association of Realtors said Tuesday."
"Sales of existing homes in the U.S. fell in May to a 6.67 million annual rate, a 1.2% decline from April, the National Association of Realtors said Tuesday."
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 $564,430 in May, up 8 percent from year ago; sales decrease 21.1 percent" (6-27-06)
The median price of an existing home in California increased 8 percent in May and sales decreased 21.1 percent compared with the same period a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
The median price of an existing home in California increased 8 percent in May and sales decreased 21.1 percent compared with the same period a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
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 - "Rising Monthly Payments Are Greater Barrier to Homeownership Than Down Payments" (6-27-06)
"One out of three Americans worries that rising monthly payments – especially property taxes and energy costs – will force them to sell their home and buy a less expensive one, according to the fourth annual National Housing Opportunity Pulse, a survey released today by the National Association of Realtors®."
"One out of three Americans worries that rising monthly payments – especially property taxes and energy costs – will force them to sell their home and buy a less expensive one, according to the fourth annual National Housing Opportunity Pulse, a survey released today 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.
NAR.org - "Existing-Home Sales Ease In May" (6-27-06)
"Sales of existing homes experienced a minor decline in May with home prices rising near normal rates, according to the National Association of Realtors®."
"Sales of existing homes experienced a minor decline in May with home prices rising near normal rates, 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.
South Florida Sun-Sentinel - "Real Estate Bubble"
"'The boom is over, but don't expect big drops in real estate prices, Realtors say': David Lereah and the rest of his buddies at the National Association of Realtors must think our minds have popped along with their precious real estate bubble. "
"The world has seen speculative frenzies come and go, and history tells us that when a bubble pops, it results in dire economic circumstances. If you don't believe me, just ask anyone who was around in Japan when their housing bubble burst in the early 1990s. Back then, prime Tokyo real estate was going for around $139,000 a square foot! When their bubble burst, what followed was a crash in their stock market and economic stagnation for over a decade. Just because we have sunshine and beautiful beaches doesn't mean it can't happen here."
"'The boom is over, but don't expect big drops in real estate prices, Realtors say': David Lereah and the rest of his buddies at the National Association of Realtors must think our minds have popped along with their precious real estate bubble. "
"The world has seen speculative frenzies come and go, and history tells us that when a bubble pops, it results in dire economic circumstances. If you don't believe me, just ask anyone who was around in Japan when their housing bubble burst in the early 1990s. Back then, prime Tokyo real estate was going for around $139,000 a square foot! When their bubble burst, what followed was a crash in their stock market and economic stagnation for over a decade. Just because we have sunshine and beautiful beaches doesn't mean it can't happen here."
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, June 26, 2006
Business Weekly - "What U-Haul Teaches Us About Housing" (6-23-06)
"You can learn a lot about what market's hot and what's not by looking up how much U-Haul charges for rentals of moving trucks to and from different cities. If U-Haul charges a lot to go to a certain city, it means lots of trucks are heading there. The city is popular and trucks that are leaving it are deadheading--going back empty. On the other hand, U-Haul gives better deals on trucks that are going to unpopular cities, because it needs to get more trucks to those cities to handle outbound trips."
Hmm, this advice sounds familiar.
"You can learn a lot about what market's hot and what's not by looking up how much U-Haul charges for rentals of moving trucks to and from different cities. If U-Haul charges a lot to go to a certain city, it means lots of trucks are heading there. The city is popular and trucks that are leaving it are deadheading--going back empty. On the other hand, U-Haul gives better deals on trucks that are going to unpopular cities, because it needs to get more trucks to those cities to handle outbound trips."
Hmm, this advice sounds familiar.
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.
Business Weekly - "Deeper Downturn" (6-23-06)
"It’s bad news when dismal reports on the residential real estate market are revised downward. Well, that’s just what Ed McKelvey of Goldman Sachs recently did when he re-examined his housing sector estimate from his mid-January report “On Track for a Downturn in Housing (1/13/06)."
"It’s bad news when dismal reports on the residential real estate market are revised downward. Well, that’s just what Ed McKelvey of Goldman Sachs recently did when he re-examined his housing sector estimate from his mid-January report “On Track for a Downturn in Housing (1/13/06)."
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.
Friday, June 23, 2006
CNN.com - "Fed walks fine line" (6-23-06)
"Investors want Bernanke & Co. to signal a pause, but also want assurance that the central bank has inflation under control."
"Investors want Bernanke & Co. to signal a pause, but also want assurance that the central bank has inflation under control."
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, June 22, 2006
Daily Bulletin - "Housing market cools down" (6-22-06)
"High inventory levels, unrealistic sale prices dampen housing market"
"High inventory levels, unrealistic sale prices dampen housing 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.
SBSun.com - "Inventories climb, homes stay on the market longer" (6-22-06)
"It's not like a year ago," said Joan Benson, a real-estate agent for Redlands-based Century 21 Lois Lauer Realty. "Sellers have more competition and buyers have less competition."
"It's not like a year ago," said Joan Benson, a real-estate agent for Redlands-based Century 21 Lois Lauer Realty. "Sellers have more competition and buyers have less competition."
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 - "Production Still Expected to be Fourth-Highest in 17 Years" (6-21-06)
"As for the decline in single-family permits, he said production remains solid in most of Southern California, but starts are likely to be significantly below last year’s level in
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 - "Housing slowdown affords builders a breather" (6-22-06)
"While all builders will feel the impact of a slower housing market, Dobron said the lull will allow builders to catch their collective breath after a frenzied spell of sales."
Many article say the builders need to keep building to keep up with demand and that now is still the time to buy. This is the first time I've read that builders are looking forward to a a "collective breath." I can't imagine they look forward to lower revenues and laying off staff they can't afford.
"While all builders will feel the impact of a slower housing market, Dobron said the lull will allow builders to catch their collective breath after a frenzied spell of sales."
Many article say the builders need to keep building to keep up with demand and that now is still the time to buy. This is the first time I've read that builders are looking forward to a a "collective breath." I can't imagine they look forward to lower revenues and laying off staff they can't afford.
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 - "Overnight real estate rates ride uptrend" (6-22-06)
30-year fixed rate at 6.3%; 10-year Treasury yield at 5.15%
30-year fixed rate at 6.3%; 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.
Inman - "Overnight real estate rates ride uptrend" (6-22-06)
30-year fixed rate at 6.3%; 10-year Treasury yield at 5.15%
30-year fixed rate at 6.3%; 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.
Wednesday, June 21, 2006
LATimes.com - "Home Sales Slowdown Could Settle In for a Stay" (6-21-06)
"Reflecting the mushrooming crop of "for sale" signs popping up in the region, Southern California home sales in May fell to their lowest level for that month in seven years while prices flattened."
"Reflecting the mushrooming crop of "for sale" signs popping up in the region, Southern California home sales in May fell to their lowest level for that month in seven years while prices flattened."
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.
OCRegister.com - "Stretching too thin for mortgages" (6-21-06)
"Experts say more houses will be at risk with rising interest rates for holders of interest-only loans, but overextended homeowners can prevail."
"Experts say more houses will be at risk with rising interest rates for holders of interest-only loans, but overextended homeowners can prevail."
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.
OCRegister.com - "Missed mortgage payments escalate" (6-20-06)
"Default notices more than double vs. a year ago as home-price appreciation slows."
"Default notices more than double vs. a year ago as home-price appreciation slows."
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.
OCRegister.com - "Buyers, sellers in pricing deadlock" (6-21-06)
"Homeowners hold firm, raising O.C. median; purchasers are more hesitant."
"Homeowners hold firm, raising O.C. median; purchasers are more hesitant."
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 - "No panic on housing slowdown" (6-21-06)
"The conditions are much more favorable for a rebound than in the 1990s bust, experts say."
"The conditions are much more favorable for a rebound than in the 1990s bust, experts 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.
DQNews.com - "Southland home sales slow to 1999 pace, prices leveling off" (6-20-06)
"Home sales in Southern California slowed for the sixth month in a row, making last month the slowest May since 1999. Homes are appreciating in value at their slowest pace in almost six years, a real estate information service reported."
"Home sales in Southern California slowed for the sixth month in a row, making last month the slowest May since 1999. Homes are appreciating in value at their slowest pace in almost six years, a real estate information service reported."
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 - "Bay Area home sales continue to drop, prices reach new peak" (6-21-06)
"A total of 9,064 new and resale houses and condos were sold in the nine-county region last month. That was up 8.4 percent from 8,358 for April, and down 19.8 percent from 11,308 for May last year, according to DataQuick Information Systems."
"A total of 9,064 new and resale houses and condos were sold in the nine-county region last month. That was up 8.4 percent from 8,358 for April, and down 19.8 percent from 11,308 for May last year, 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.
CARealEstateJournal - "Real Estate Industry in for a Soft Landing" (6-21-06)
"LOS ANGELES According to the University of California, Los Angeles Anderson Forecast mid-year report, the California economy is poised at a tipping point."
"LOS ANGELES According to the University of California, Los Angeles Anderson Forecast mid-year report, the California economy is poised at a tipping point."
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 - "Mortgage applications fall, MBA says" (6-21-06)
"Interest rates on 30-year mortgages reach 6.73%, a four-year high; housing picture mixed. "
"Interest rates on 30-year mortgages reach 6.73%, a four-year high; housing picture mixed. "
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 - "Fastest growing cities" (6-21-06)
"The population of Elk Grove, Calif., is expanding faster than any other U.S. city."
"The population of Elk Grove, Calif., is expanding faster than any other U.S. city."
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 - "S.F. Bay Area real estate sales fall 19%" (6-21-06)
"Region's median home price hits $631,000 in May"
"Region's median home price hits $631,000 in 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.
Inman - "Rising rates cut into real estate refinancings" (6-21-06)
"Borrowing costs reach highest level in 4 years"
"Borrowing costs reach highest level in 4 years"
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 - "Real estate slowdown won't cause recession" (6-21-06)
"UCLA forecast: Risk of housing crash greater than people think"
"UCLA forecast: Risk of housing crash greater than people think"
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, June 20, 2006
NAHB.com - "Housing Starts Rise, But Permits Dip In May" (6-20-06)
"Builder Confidence Declines In June" (6-19-06)
I apologize for the overload of posts. When it rains it poors.
"Builder Confidence Declines In June" (6-19-06)
I apologize for the overload of posts. When it rains it poors.
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 - "Part 1:Inside the legal world of foreclosure auctions" (6-20-06)
"Part 2: Legal risks of foreclosure investment: Owner wants a do-over" (6-21-06)
With foreclosures on the rise in many parts of the country, Inman News examines the legal risks of investing in foreclosed properties at auction, describing the most common legal problems that arise and explaining how two investors had to fight in court to keep the property they purchased at auction after the former owner raised legal challenges."
"Part 2: Legal risks of foreclosure investment: Owner wants a do-over" (6-21-06)
With foreclosures on the rise in many parts of the country, Inman News examines the legal risks of investing in foreclosed properties at auction, describing the most common legal problems that arise and explaining how two investors had to fight in court to keep the property they purchased at auction after the former owner raised legal challenges."
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 rise" (6-20-06)
"30-year fixed rate at 6.26%; 10-year Treasury yield at 5.14%"
"30-year fixed rate at 6.26%; 10-year Treasury yield at 5.14%"
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 - "U.S. housing starts drop 3.8%" (6-20-06)
"The rate of housing completions dropped 10.1 percent from May 2005 to May 2006, while building permit activity fell 8.5 percent and housing starts were down 3.8 percent in that time, the U.S. Census Bureau and the Department of Housing and Urban Development announced today."
See also US Census Bereau Report
"The rate of housing completions dropped 10.1 percent from May 2005 to May 2006, while building permit activity fell 8.5 percent and housing starts were down 3.8 percent in that time, the U.S. Census Bureau and the Department of Housing and Urban Development announced today."
See also US Census Bereau Report
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 - "SoCal real estate sales slow for sixth month in May" (6-20-06)
"Southern California slowed for the sixth month in a row in May, falling 11.7 percent compared to May 2005. It was the region's lowest sales total for the month since May 1999, according to DataQuick Information Systems, a real estate information service."
"Southern California slowed for the sixth month in a row in May, falling 11.7 percent compared to May 2005. It was the region's lowest sales total for the month since May 1999, according to DataQuick Information Systems, a real estate information service."
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 - "Condotels catch on fast -- maybe too fast" (6-20-06)
"Thousands of units under way in major real estate markets"
"Thousands of units under way in major real estate 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.
Bankrate.com - "Bankruptcy Timeline of Events" (6-20-06)
"This Bankrate bankruptcy timeline should be considered a guide, not a road map. In most cases, the timing is approximate and will vary based on the filer's individual circumstances."
"This Bankrate bankruptcy timeline should be considered a guide, not a road map. In most cases, the timing is approximate and will vary based on the filer's individual circumstances."
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.
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