Real Estate Industry News

Mortgage Interest Rates Inch Back up Slightly

Dennis Norman — Wed, 10 Mar 2010 13:51:28 +0000

Home Loan Applications Increase 5.7 Percent Last Week – second consecutive week of increased home buyer activity

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending March 5, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home [...] Related posts:

Mortgage interest rates drop slightly-Mortgage applications increase Home-buyers mortgage activity increases from week before…down from a month...
Mortgage interest rates creep up slightly Home-buyers mortgage activity dropping…refinances make up 3/4 of all new...
Mortgage Interest Rates drop slightly; Applications for home purchase drops 5.2 percent Dennis Norman The Mortgage Bankers Association (MBA) released its weekly...

Related posts brought to you by Yet Another Related Posts Plugin.

Commercial and Multifamily Mortgage Performance Remains Better Than Other Loans

Dennis Norman — Tue, 09 Mar 2010 14:10:57 +0000

Dennis Norman

The Mortgage Bankers Association (MBA) released its report on the performance of commercial and multifamily mortgages in the fourth quarter of 2009. Their last report from a year ago showed that commercial and multifamily mortgages were among the best performing loans held by banks and thrifts. Now, a year later, the data still [...] Related posts:

Commercial and multi-family properties mortgage delinquencies on the rise Dennis Norman For the first year or so of...
$1.4 Trillion in Commercial Loans Coming Due – Nearly Half Are Underwater Dennis Norman Commercial Real Estate to be the next...
Commercial/Multifamily Real Estate Market Continues to Feel Effects of Economic Downturn The Mortgage Bankers Association (MBA) today released its Commercial Real...

Related posts brought to you by Yet Another Related Posts Plugin.

Florida Real Estate – Sellers Still Slashing Prices

Dennis Norman — Tue, 09 Mar 2010 04:07:41 +0000

Dennis Norman

According to a report issued today by Zip Realty, sellers in Florida are slashing prices by more than 10 percent

South Florida has deals on homes! According to Zip Realty, sellers in Miami and Ft. Lauderdale have reduced their list price by an average of nearly 15 percent, or $36,000 in February 2010. In [...] Related posts:

Home Sellers Slash Prices by $23,953 in November, a 3% Smaller Discount Than Last Month — According to ZipRealty Fewer Home Sellers Cutting Prices as Average List Price Falls...
Fewer Home Sellers Cut Asking Prices for Homes In January, Sellers Reduced List Prices by $21,925 on Average,...
Nearly half of all homes for sale have reduced prices Dennis Norman By Dennis Norman According to a report issued yesterday...

Related posts brought to you by Yet Another Related Posts Plugin.

US Foreclosure Rate and Mortgage Delinquency Rate Continues to Rise

Dennis Norman — Fri, 05 Mar 2010 13:46:27 +0000

Dennis Norman

A report released by First American CoreLogic shows the foreclosure rate in the US increased in January to 3.19 percent, an increase of 60.3 percent from a year ago when the national foreclosure rate was 1.99 percent.

The national rate for seriously delinquent mortgage’s (mortgages that are 90+ days delinquent) increased in January as [...] Related posts:

Florida predicted to have highest mortgage delinquency rate next year Mortgage Delinquencies are expected to decrease in many states in...
Foreclosure rate in U.S. increases 73 percent in August from a year prior Dennis Norman By: Dennis Norman The foreclosure rate in the...
November Foreclosure Rate in U.S. Up 77 Percent from a year ago Dennis Norman The foreclosure rate in the U.S. for the...

Related posts brought to you by Yet Another Related Posts Plugin.

Pending Home Sales Drop In January; Weather Named as Cause

Dennis Norman — Thu, 04 Mar 2010 16:51:33 +0000

Dennis Norman

Today the National Association of REALTORS released it’s January Pending Home Sales Index showing a decrease of 7.6 percent in the index from December, 2009 to January 2010 (seasonally adjusted) and a 12.3 percent increase from last year.

Here are highlights from the report:

January’’s pending home sales index (seasonally adjusted) was 90.4 (the index is based [...] Related posts:

Existing home sales drops in January Dennis Norman According to the latest report from the National...
Realtor Pending Home Sales Index shows Real Estate Market Leveling off Dennis Norman Today the National Association of REALTORS released...
New Home Sales Plummet In January Dennis NormanThe U.S. Department of Commerce released a report showing...

Related posts brought to you by Yet Another Related Posts Plugin.

Justice Department Files Lawsuit Alleging Racial Discrimination at Ann Arbor, Michigan, Apartment Complex

admin — Thu, 04 Mar 2010 02:13:37 +0000

The Justice Department today filed a lawsuit against the owner and property manager of a 48-unit apartment complex in Ann Arbor, Mich., alleging that the defendants discriminated on the basis of race or color in the rental of apartments, the Justice Department’s Civil Rights Division and the U.S. Attorney’s Office for the Eastern District of [...] Related posts:

Justice Department Resolves Lawsuit Alleging Disability-Based Housing Discrimination in Davenport, Iowa The Justice Department today announced a settlement of a lawsuit...
DOJ Files Discrimination Lawsuit against Property Manager and Owner in Missouri The Justice Department announced it has filed a lawsuit today...
US Department of Justice files lawsuit alleging Condo Owner and Agents Discriminated against families Dennis Norman By:ia Dennis Norman Honestly, I find it hard...

Related posts brought to you by Yet Another Related Posts Plugin.

Mortgage Interest Rates Drop Back Below 5 Percent

Dennis Norman — Wed, 03 Mar 2010 22:09:19 +0000

Home Loan Applications Jump 11.7 Percent Last Week after decreasing two prior weeks

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending February 26, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 11.7 percent [...] Related posts:

30 Year Mortgage Interest Rates Drop Below 5 Percent Home Loan Applications Drop 7.0 Percent Last Week. Dennis Norman...
Mortgage interest rates drop slightly-Mortgage applications increase Home-buyers mortgage activity increases from week before…down from a month...
Mortgage Interest Rates Hold Steady-Loan Applications Jump Over 20 Percent Home Loan Applications Jump 21.0 Percent Last Week. Dennis Norman...

Related posts brought to you by Yet Another Related Posts Plugin.

Rental Housing Market Holding Up Well – At Least In the Lower Rent Ranges

Dennis Norman — Tue, 02 Mar 2010 21:12:36 +0000

Dennis Norman

Recently HUD published a report, “U.S. Rental Housing Characteristics: Supply, Vacancy, and Affordability“, which was packed with data about the rental housing market. The data in the report clearly illustrates that the rental market is holding up pretty well, at least in the lower rent price-ranges, while the for-sale housing market has been [...] Related posts:

Rental Data and Resources for Property Managers Dennis Norman By: Dennis Norman Over the past two years...
Commercial/Multifamily Real Estate Market Continues to Feel Effects of Economic Downturn The Mortgage Bankers Association (MBA) today released its Commercial Real...
Where is the most expensive housing market in the U.S.? How about most affordable housing market? Dennis Norman This is probably not going to come...

Related posts brought to you by Yet Another Related Posts Plugin.

Orange City Landlord and Property Manager Pay $415,000 to Settle Discrimination Suit

Dennis Norman — Tue, 02 Mar 2010 01:31:02 +0000

The Justice Department today announced that landlord James Stevens, his company Fountain View Apartments Inc., and his former rental manager, Mildred Chastain, have agreed to pay $415,000 in monetary damages and civil penalties to settle a Fair Housing Act lawsuit alleging that they discriminated against African Americans and families with children at Fountain [...] Related posts:

DOJ Files Discrimination Lawsuit against Property Manager and Owner in Missouri The Justice Department announced it has filed a lawsuit today...
Justice Department Files Lawsuit Alleging Racial Discrimination at Ann Arbor, Michigan, Apartment Complex The Justice Department today filed a lawsuit against the owner...
Record Settlement for Housing Discrimination Justice Department Obtains Record $2.725 Million Settlement of Housing Discrimination...

Related posts brought to you by Yet Another Related Posts Plugin.

Florida home and condo markets heat up

Dennis Norman — Mon, 01 Mar 2010 21:50:29 +0000

Dennis Norman

The sunshine state’s real estate market is heating up according to the latest report from the Florida REALTORS(R). Existing home sales rose in January, marking 17 months that sales activity has increased in the year-to-year comparions.

Existing home sales in Florida increased 24 percent in January with a total of 10,465 homes sold statewide [...] Related posts:

Florida’s Existing Home, Condo Sales Up in November 2009 Florida’s existing home sales rose in November, marking 15 months...
Florida Real Estate – Sellers Still Slashing Prices Dennis Norman According to a report issued today by...
Agents; Do you want to know where the best-preforming real estate markets are going to be in the next 12 months? How about the worst? Dennis Norman By: Dennis Norman Unless you are willing to...

Related posts brought to you by Yet Another Related Posts Plugin.