Real Estate Industry News

Do Real Estate Agents and Brokers Know The Value of a Home?

Dennis Norman — Thu, 18 Mar 2010 11:28:52 +0000

Dennis Norman

“Generally speaking, real estate agents and brokers are not independent or properly trained valuation specialists.” This was said in a letter from several appraiser organizations that was sent to Treasury Secretary Timothy Geithner last week. The letter, not actually signed by anyone, but instead just bearing the names of the following four appraiser [...] Related posts:

Real Estate Agents and brokers eligible for SBA loans Charles McMillan 2009 President, NAR By: Dennis Norman In response...
Green building information and resources for real estate agents and brokers Dennis Norman As green building gains in popularity and...
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Mortgage Interest Rates Drop Back Below 5 Percent; Home Loan Applications Decrease

Dennis Norman — Wed, 17 Mar 2010 15:59:28 +0000

After Two Weeks of Increases, Home Loan Applications Decrease 1.9 Percent Last Week

Dennis Norman

The Mortgage Bankers Association (MBA) released its weekly mortgage applications survey for the week ending March 12, 2010. The report showed the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 1.9 percent [...] Related posts:

Interest rates drop back below 5 percent; Home loan applications decrease Dennis Norman The Mortgage Bankers Association (MBA) released its weekly...
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Interest rates drop below 5 percent for 30 year fixed rate loan; applications increase Dennis Norman By: Dennis Norman The Mortgage Bankers Association (MBA)...

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New Home Construction In February Continuing to Outpace New Home Sales

Dennis Norman — Tue, 16 Mar 2010 15:19:50 +0000

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for February 2010 showing a decrease in new home construction activity from February, but siginificant increases from a year ago..

The report shows the following:

Building permits issued for single-family residences in February were at an [...] Related posts:

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How to avoid being a victim of a real estate or rental scam

Dennis Norman — Mon, 15 Mar 2010 14:49:44 +0000

Dennis Norman

The Internet Crime Complaint Center (IC3) and the Federal Bureau of Investigation have published a report about common real estate scams and rental scams they are finding and how to avoid them. Like most scams there are warning signs and red flags that can help you avoid falling victim; knowing what to look [...] Related posts:

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Foreclosures Decrease Slightly in February

Dennis Norman — Fri, 12 Mar 2010 18:05:15 +0000

For the 12th Straight Month over 300,000 properties received a foreclosure filing in February;

RealtyTrac® released its February 2010 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 308,524 U.S. properties during the month of February, a decrease of 2 percent from the previous month [...] Related posts:

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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:

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Mortgage Interest Rates drop slightly; Applications for home purchase drops 5.2 percent Dennis Norman The Mortgage Bankers Association (MBA) released its weekly...

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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:

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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:

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Nearly half of all homes for sale have reduced prices Dennis Norman By Dennis Norman According to a report issued yesterday...

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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:

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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...
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