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."
Friday, June 30, 2006
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.
NAR.org - "NAR Advocates FHA Reform" (6-20-06)
"Long overdue reform of the Federal Housing Administration’s single-family mortgage insurance program will provide homebuyers an affordable alternative to higher cost loans and help bridge the gap in minority homeownership, Thomas M. Stevens, president of the National Association of Realtors"
"Long overdue reform of the Federal Housing Administration’s single-family mortgage insurance program will provide homebuyers an affordable alternative to higher cost loans and help bridge the gap in minority homeownership, Thomas M. Stevens, president of 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 - "Housing Market Index Falls To Lowest Point in 11 Years" (6-19-06)
" Sentiment among U.S. home builders fell for the sixth month in a row to an 11-year low in June, the National Association of Home Builders said Monday."
" Sentiment among U.S. home builders fell for the sixth month in a row to an 11-year low in June, the National Association of Home Builders said Monday."
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 - "Record-Breaking Housing Boom May Be Nearing a Close" (6-20-06)
" The recent housing boom is the biggest the United States has ever seen, but its underlying reasons may have been psychological, economist Robert J. Shiller said on Friday. New data also suggest the market might be at the end of a cycle, he added."
" The recent housing boom is the biggest the United States has ever seen, but its underlying reasons may have been psychological, economist Robert J. Shiller said on Friday. New data also suggest the market might be at the end of a cycle, he added."
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 - "Consumers Get Caught in War Between Real-Estate Brokers" (6-20-06)
"About 11% of home sellers last year used "alternative" brokers (ones offering flat fees or other forms of discounting), up from less than 2% in 2002, according to surveys by Real Trends, a publishing and consulting firm."
"About 11% of home sellers last year used "alternative" brokers (ones offering flat fees or other forms of discounting), up from less than 2% in 2002, according to surveys by Real Trends, a publishing and consulting firm."
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 - "Housing Starts Went Up in May, Indicating a Moderate Slowdown" (6-20-06)
"Housing starts increased for the first time since January last month, suggesting that the U.S. housing sector, though moderating, is doing so in an orderly fashion despite rising interest rates."
"Housing starts increased for the first time since January last month, suggesting that the U.S. housing sector, though moderating, is doing so in an orderly fashion despite rising interest rates."
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 - "Stocks Up Slightly on Housing Data" (6-20-06)
"An upbeat housing report was in focus Tuesday. The Commerce Department said housing starts rebounded 5% to 1.96 million units in May after an upwardly revised 1.86 million in April. That's slightly stronger than expected, says Action Economics, but any market impact may be offset by a 2.1% decline in building permits."
"The report suggests the housing market is slowing, but not crashing, analysts say. 'We view this morning's data as further evidence the housing market is in a downturn, but that it is not headed for collapse,' explains Carl Riccadonna, an economist at Deutsche Bank Securities. 'Nonetheless, the housing market is an important leading indicator of the overall economy, and the fact that it is slowing tells us that both consumption and overall growth are also likely decelerating.'"
"An upbeat housing report was in focus Tuesday. The Commerce Department said housing starts rebounded 5% to 1.96 million units in May after an upwardly revised 1.86 million in April. That's slightly stronger than expected, says Action Economics, but any market impact may be offset by a 2.1% decline in building permits."
"The report suggests the housing market is slowing, but not crashing, analysts say. 'We view this morning's data as further evidence the housing market is in a downturn, but that it is not headed for collapse,' explains Carl Riccadonna, an economist at Deutsche Bank Securities. 'Nonetheless, the housing market is an important leading indicator of the overall economy, and the fact that it is slowing tells us that both consumption and overall growth are also likely decelerating.'"
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.
ReMax - "The Orange County Market Time Report - Graduating to a Buyers Market" (6-16-06)
"Graduation is in the air. With years of rapid appreciation and sellers waiting only days for multiple offers, it is time for the Orange County real estate market to officially graduate to a buyer’s market. The county’s inventory continued to climb from 5.16 months just two weeks ago to 5.68 months today. There are now 14,261 homes on the market with 2,512 homes placed into escrow within the prior 30 days. Compared to last years 1.34 month inventory at this time of year, there are 8,644 additional homes on the market and 1,651 fewer homes placed into escrow within the prior 30 days. The difference is night and day."
"How should a Seller approach the market? Hopefully potential sellers have read the WARNING label, “This market is for SERIOUS sellers only and NOT the market to test the waters.” Given the 14,261 home active inventory and only 2,512 homes placed into escrow within the prior 30 days, that means that 11,749 sellers will most likely not successfully sell their home over the next month. Only 17.6% will be successful. Sellers need to buckle their seatbelts and expect a long ride. Selling a home is no longer a quick process and could take months."
Follow link for full article from the Executive Vice President of ReMax. I'm not sure how long this link will stay live so please read ASAP.
"Graduation is in the air. With years of rapid appreciation and sellers waiting only days for multiple offers, it is time for the Orange County real estate market to officially graduate to a buyer’s market. The county’s inventory continued to climb from 5.16 months just two weeks ago to 5.68 months today. There are now 14,261 homes on the market with 2,512 homes placed into escrow within the prior 30 days. Compared to last years 1.34 month inventory at this time of year, there are 8,644 additional homes on the market and 1,651 fewer homes placed into escrow within the prior 30 days. The difference is night and day."
"How should a Seller approach the market? Hopefully potential sellers have read the WARNING label, “This market is for SERIOUS sellers only and NOT the market to test the waters.” Given the 14,261 home active inventory and only 2,512 homes placed into escrow within the prior 30 days, that means that 11,749 sellers will most likely not successfully sell their home over the next month. Only 17.6% will be successful. Sellers need to buckle their seatbelts and expect a long ride. Selling a home is no longer a quick process and could take months."
Follow link for full article from the Executive Vice President of ReMax. I'm not sure how long this link will stay live so please read ASAP.
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 19, 2006
LATimes.com - "Mold claim filed, and case just grew" (6-18-06)
"Condo owner says the insurer did a poor job of investigating damage, some of it caused by a neighbor's water leak."
"Condo owner says the insurer did a poor job of investigating damage, some of it caused by a neighbor's water leak."
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.com - "Modjeska Canyon is just as they like it" (6-18-06)
Median price for area
1990...$150,000
1995...$151,000
2000...$240,000
2005...$719,500
*2006...$699,000
Median price for area
1990...$150,000
1995...$151,000
2000...$240,000
2005...$719,500
*2006...$699,000
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.com - "Sellers New Math" (6-18-06)
"As houses stay on the market longer, nervous owners have begun dropping their prices."
"As houses stay on the market longer, nervous owners have begun dropping their prices."
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.
SignOnSanDiego.com - "Creative-loans study may lead to crackdown" (6-11-06)
"Though the jury is still out on the risks of payment-option and interest-only mortgages, the CFA findings suggest that lenders are hardly reserving them for high-income, high-credit-score applicants. In an economic squeeze, some of these loans could prove highly toxic – a prospect almost certain to weigh heavily in the financial regulators' forthcoming new guidelines."
"Though the jury is still out on the risks of payment-option and interest-only mortgages, the CFA findings suggest that lenders are hardly reserving them for high-income, high-credit-score applicants. In an economic squeeze, some of these loans could prove highly toxic – a prospect almost certain to weigh heavily in the financial regulators' forthcoming new guidelines."
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.
Saturday, June 17, 2006
Inman.com - "Next stop: 7% mortgage rates" (6-17-06)
"Economy has soft spots, but corporate earnings tell different story"
"Economy has soft spots, but corporate earnings tell different story"
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 - "Shiller: Real estate is risky business" (6-16-06)
"Economist Robert Shiller points to several indicators that suggest prices are out of whack."
You think? Thanks for the early warning.
"Economist Robert Shiller points to several indicators that suggest prices are out of whack."
You think? Thanks for the early warning.
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 15, 2006
NAHB.org - "Rush To Reach Lumber Accord Could Have Long-Term Impact On Housing Affordability" (6-15-06)
"Observing that the proposed framework would last for at least seven years and as many as nine, Howard said that NAHB’s analysis indicates the pact has the potential to seriously disrupt the lumber market by increasing and destabilizing prices, causing production bottlenecks as Canadian producers fight for limited market share, and instigating supply shortages as firms delay shipments in anticipation of a change in duties."
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.
"Observing that the proposed framework would last for at least seven years and as many as nine, Howard said that NAHB’s analysis indicates the pact has the potential to seriously disrupt the lumber market by increasing and destabilizing prices, causing production bottlenecks as Canadian producers fight for limited market share, and instigating supply shortages as firms delay shipments in anticipation of a change in duties."
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.
Reuters.com - "Bernanke says eyeing inflation" (6-15-06)
"Stocks fly after Bernanke" (6-15-06)
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 200 podcasts in our free investor radio archive.
"Stocks fly after Bernanke" (6-15-06)
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 200 podcasts in our free investor radio archive.
Inman.com - "California coalition to speak out against predatory lending" (6-15-06)
"Group will testify before Federal Reserve 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.
"Group will testify before Federal Reserve 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.
Inman.com - "Inflation report hikes mortgage rates" (6-15-06)
"Fed expected to boost key rate to 5.25% this 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.
"Fed expected to boost key rate to 5.25% this 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.
Voice of San Diego - "Where Did That Come from?" (6-15-06)
"But while the large number of condo conversions being sold may go some way towards explaining why the median sales price dropped so much, analysts cautioned that it doesn't fully explain DataQuick's statistics."
"There's no possible way prices fell that much in one month," said Chris Thornberg, a senior economist at the University of California, Los Angeles Anderson Forecast. "It's just not possible."
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.
"But while the large number of condo conversions being sold may go some way towards explaining why the median sales price dropped so much, analysts cautioned that it doesn't fully explain DataQuick's statistics."
"There's no possible way prices fell that much in one month," said Chris Thornberg, a senior economist at the University of California, Los Angeles Anderson Forecast. "It's just not possible."
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 14, 2006
MBAA.org - "Mortgage Applications Increase by 7 Percent in Latest Survey" (6-14-06)
"The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 9. The Market Composite Index, a measure of mortgage loan application volume, was 571.9, an increase of 7 percent on a seasonally adjusted basis from 534.4 one week earlier. On an unadjusted basis, the Index increased 17.9 percent compared with the previous week but was down 34.3 percent compared with the same week one year earlier."
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.
"The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 9. The Market Composite Index, a measure of mortgage loan application volume, was 571.9, an increase of 7 percent on a seasonally adjusted basis from 534.4 one week earlier. On an unadjusted basis, the Index increased 17.9 percent compared with the previous week but was down 34.3 percent compared with the same week one year earlier."
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.
ALTA.org - "Administration Starting Reviews of Fannie, Freddie" (6-14-06)
" The Bush administration is starting special reviews of the financial operations of mortgage giants Fannie Mae and Freddie Mac."
"The two government-sponsored companies, both of which have been roiled by accounting scandals in recent years, already have been under pressure from lawmakers and regulators who want their combined multitrillion-dollar mortgage holdings to be reduced. The administration has long been critical of the two companies, and officials have pointed to the accounting scandals to bolster their case that the massive mortgage portfolios are improperly managed and pose a risk to the financial system."
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.
" The Bush administration is starting special reviews of the financial operations of mortgage giants Fannie Mae and Freddie Mac."
"The two government-sponsored companies, both of which have been roiled by accounting scandals in recent years, already have been under pressure from lawmakers and regulators who want their combined multitrillion-dollar mortgage holdings to be reduced. The administration has long been critical of the two companies, and officials have pointed to the accounting scandals to bolster their case that the massive mortgage portfolios are improperly managed and pose a risk to the financial system."
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 - "Prices rise more than expected" (6-14-06)
"Core price reading jumps more than projected, fueling fears of further Fed rate hikes; worker wages aren't keeping up."
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.
"Core price reading jumps more than projected, fueling fears of further Fed rate hikes; worker wages aren't keeping up."
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 - "'Anti-flipping' rules can hurt investors" (6-14-06)
"Other stipulations of the so-called "anti-flipping" regulations are aimed primarily at quick resale of new homes. They state that only the owner of record may sell to a person obtaining FHA mortgage insurance for the loan. In other words, the arrangement can't involve the sale or assignment of a sales contract on a property. If a resale does occur between 91 and 180 days, the lender can be forced to obtain a second appraisal based on a resale threshold percentage established by the FHA. For example, if the home price rose by more than 50 percent within a five-month period, the FHA could ask for the new, independent appraisal."
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.
"Other stipulations of the so-called "anti-flipping" regulations are aimed primarily at quick resale of new homes. They state that only the owner of record may sell to a person obtaining FHA mortgage insurance for the loan. In other words, the arrangement can't involve the sale or assignment of a sales contract on a property. If a resale does occur between 91 and 180 days, the lender can be forced to obtain a second appraisal based on a resale threshold percentage established by the FHA. For example, if the home price rose by more than 50 percent within a five-month period, the FHA could ask for the new, independent appraisal."
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 13, 2006
Real Estate Journal - "Move Over, McMansions: Microhouses Are on the Rise" (6-14-06)
Living in a tiny home, as opposed to doing yoga in it or using it for vacations, often appeals to people who want simpler lives that leave less of an ecological "footprint." Small houses require less fuel for heating and cooling, fewer building resources and are much easier to clean. V2World Chief Executive Tim Russell says his company designed their houses on the premise that people in the U.S. eventually might have to move to smaller spaces due to demographic pressures and land exhaustion.
Will the Baby Boomers choose to live large or scale down and play?
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.
Living in a tiny home, as opposed to doing yoga in it or using it for vacations, often appeals to people who want simpler lives that leave less of an ecological "footprint." Small houses require less fuel for heating and cooling, fewer building resources and are much easier to clean. V2World Chief Executive Tim Russell says his company designed their houses on the premise that people in the U.S. eventually might have to move to smaller spaces due to demographic pressures and land exhaustion.
Will the Baby Boomers choose to live large or scale down and play?
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 - "Housing boom 2.0" (6-13-06)
"Harvard study says there may be bumps along the way, but that the long-term health of the housing market is intact."
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.
"Harvard study says there may be bumps along the way, but that the long-term health of the housing market is intact."
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 - "Why the Rich Get Richer" (6-13-06)
"All over the U.S. there are stories of a rise in real estate foreclosures. Many people who took those exotic mortgages -- borrowing 125% of home value or choosing adjustable-rate mortgages -- are struggling to make their payments, and some aren't making it."
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.
"All over the U.S. there are stories of a rise in real estate foreclosures. Many people who took those exotic mortgages -- borrowing 125% of home value or choosing adjustable-rate mortgages -- are struggling to make their payments, and some aren't making it."
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 12, 2006
HOBB.org - "Foreclosures rising with debt, job losses" (6-12-06)
"Adjustable rate mortgages surprise some homeowners."
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.
"Adjustable rate mortgages surprise some homeowners."
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.com - "Foreclosures Continue to Rise in Southern California" (6-12-06)
"The number of foreclosures escalated throughout Southern California, rising 29.09 percent since January 2006, according to Default Research, a real estate research company for foreclosure properties."
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.
"The number of foreclosures escalated throughout Southern California, rising 29.09 percent since January 2006, according to Default Research, a real estate research company for foreclosure properties."
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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