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The Norris Group Hard Money and Trust Deeds
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According to the latest Gallup Job Creation Index, the number of new jobs increased beyond 31 on the index to their highest in over a year.  In a big news day for mortgages, both mortgage delinquencies and applications decreased, applications by 4.6% from last week and delinquencies to 5.4% in the first quarter.  Claren Financial even stated that the mortgage market still needs three more years to continue to recover.   #realestate   #news  http://www.thenorrisgroup.com/blog/news/mortgage-market-still-needs-three-more-years-to-reach-healthy-level-of-recovery/
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Mortgage originations for commercial and multifamily properties increased 49% year-over-year according to the Mortgage Bankers Association.  Freddie Mac will be announcing tomorrow the results of their finances and profits for the first quarter.  Black Knight Financial announced a decrease in the number of underwater borrowers.   #realestate   #news  http://www.thenorrisgroup.com/blog/news/q1-profits-and-finances-for-first-quarter-to-be-announced-by-freddie-mac-tomorrow/
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Freddie Mac reported mortgage rates went up slightly after having seen decreases with 30-year rates now at 3.68% and 15-year rates at 2.94%.  Representative Edward Royce expressed his objections to a subcommittee bill saying that the money should instead go toward decreasing the national deficit.  $100 million home sales increase to their highest on record in the world.  Eleven new members were just added to the Mortgage Bankers Association.   #realestate   #news  http://www.thenorrisgroup.com/blog/news/representative-edward-royce-firmly-states-money-for-subcommittee-bill-should-go-toward-decreasing-deficit/
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Homeownership rates declined to 63.7%, reaching its lowest level since the 90s at 64.9%.  The U.S. saw an increase in home prices in 20 of their cities at a more brisk pace at 4.2% across the nation.  More and more Americans are more cautious about purchasing a home despite them being more optimistic about the overall market.   #realestate   #news  http://www.thenorrisgroup.com/blog/news/more-and-more-americans-more-cautious-about-purchasing-home/
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Almost 26 million, 0r 10%, of adults in America have no history of credit according to the latest report from the CFPB.  Freddie Mac reported their profit in the first quarter was $524 million, way up from $227 million in the fourth quarter of 2014.  Home prices increased 5.9% annually according to CoreLogic.   #realestate   #news  http://www.thenorrisgroup.com/blog/news/almost-10-of-adults-in-america-have-no-history-of-credit-according-to-latest-cfpb-report/
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Refinance activity increased in the first quarter with the decrease in mortgage rates.  With the recent issuing of a new rule by six federal finance agencies, appraisal companies will now be required to provide a regulatory structure within three years.  Standard & Poor’s recently released new data showing the number of millennials purchasing homes is decreasing.  #realestate   #news  http://www.thenorrisgroup.com/blog/news/new-minimum-requirements-for-appraisal-agencies-just-issued-by-six-finance-agencies/
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The Norris Group posted the realestate headline roundup for May 1, 2015. In two minutes or less, we try to give you the top real estate and news of the week. Hopefully you check out The Norris Group real estate radio show as well on the site.  #realestate   #video  https://www.youtube.com/watch?v=vsSlh2zSu-A
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Nice job, from Realty411.
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Tune in this week for Michael Quarles of YellowLetters.com  on the Norris Group Real Estate Radio Show and podcast. The podcast will be made available on the web and iTunes today. If you want to hear the radio broadcast, tune in Saturday morning.  #realestate   #radio  http://www.thenorrisgroup.com/blog/news/mike-quarles-of-yellowletters-com-joins-bruce-norris-on-the-real-estate-radio-show-432/
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Mortgage applications saw a 2.3% decrease this past week according to the Mortgage Bankers Association.  Pending home sales increased for the third month in a row by 1.1% month-over-month and 11.1% year-over-year, putting them at their highest in two years.  More and more people who do not currently own a home are not planning to purchase in the future.   #realestate   #news  http://www.thenorrisgroup.com/blog/news/more-people-not-owning-a-home-also-likely-not-to-purchase-in-the-future/
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1845 Chicago Avenue, Ste C Riverside, CA 92507
1845 Chicago Avenue, Ste CUSCaliforniaRiverside92507
(951) 780-5856thenorrisgroup.com
Real Estate Agency, Real Estate School
Real Estate Agency
Real Estate School
Investment Service
Today 8:00 am – 5:00 pm
Monday 8:00 am – 5:00 pmTuesday 8:00 am – 5:00 pmWednesday 8:00 am – 5:00 pmThursday 8:00 am – 5:00 pmFriday 8:00 am – 5:00 pmSaturday ClosedSunday Closed
The Norris Group is an active California real estate investment firm, California hard money lender, and trust deed investments company. See more on our California hard money loans on our website. 
 
The Norris Group also creates award-winning real estate investor education and outreach including our real estate radio show and podcast, weekly real estate headline news videos, and annual market timing events. Our I Survived Real Estate Series alone has raised over $250,000 for Susan G Komen for the Cure in just four years.
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