Real Estate News

Today's News Synopsis:

 

According to Forbes, "It’s not a good time to buy"—it's a phrase that has echoed throughout the U.S. over the past year or two. Shockingly low housing inventory, high price tags and record-setting interest rates are making it tough for some would-be buyers to achieve homeownership.

In The News:

 

CoreLogic - "US Home Price Insights – September 2023" (9-12-2023)

"Home prices nationwide, including distressed sales, increased year over year by 2.5% in July 2023 compared with July 2022. On a month-over-month basis, home prices increased by 0.4% in July 2023 compared with June 2023"

Forbes - "Going Against The Grain: Millennials’ Impact On The Housing Market" (8-31-2023)

"As anger and frustration over racism and police brutality grip the nation, real estate executives and business leaders are promising change — and pleading for peaceful protest."

Mortgage Bankers Association - "Commercial and Multifamily Mortgage Delinquency Rates Increased in Second-Quarter 2023" (9-12-2023)

"Commercial and multifamily mortgage delinquencies increased in the second quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report."

National Association of Realtors -"Pending Home Sales Elevated In July" (8-30-2023)

"The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers," said NAR Chief Economist Lawrence Yun.

 

California Real Estate Investor Events

Bruce Norris will be the keynote speaker at the Fliphacking event in San Diego on Tuesday, Oct 12.

The Norris Group presents its award-winning black-tie event I Survived Real Estate 2023 on Friday, October 27.

 

More on Hard Money Loans

• Florida hard money loans or call (407) 706-9700
• California hard money loans or call (951) 780-5856

Information on Note Investing

• Florida mortgage investing or call (407) 706-9700
• California trust deed investing call (951) 780-5856

Real Estate Investor Education & Resources

• Upcoming real estate investor speaking engagements and training
• Real Estate radio show and podcast
• Free access to our web portal for real estate investors

 

Inland Valley Asso. of Realtors Government Affairs Director, Paul Herrera | PART 2 #829

Paul serves as an advocate for REALTORS® and their clients on local issues, helping to preserve and protect property rights and the value of homeownership. Working with colleagues at the California Association of REALTORS® and the National Association of REALTORS®, Paul helps members make a difference for their clients at the local, state and federal levels.

His unique experience includes an award-winning journalism career with newspapers in Florida and California where he covered real estate, small business, the aviation business and the confluence of government policy, politics and business. His coverage of real estate and growth in Florida earned him top honors from the Florida Press Club in 2002.

In 2004, he won first place for in depth business writing from the California Newspaper Publishers Association. After journalism, Paul served as communications director for the San Bernardino County Economic Development Agency, coordinating everything from press outreach to speeches and video production. In four years with the agency, he oversaw external communications, managed a communications team and helped publicly position a variety of projects and initiatives.

The combination of mass media experience, local expertise, policy and political background and understanding of real estate issues prepared him to lead IVAR’s government affairs and communications efforts through coalition building, strong messaging and technical understanding.

Paul earned his Bachelor’s of Journalism degree from the University of Missouri-Columbia.


The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669.  For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.


Video Link

Radio Show

 

Inland Valley Asso. of Realtors Government Affairs Director, Paul Herrera | PART 1 #828

 

Paul serves as an advocate for REALTORS® and their clients on local issues, helping to preserve and protect property rights and the value of homeownership. Working with colleagues at the California Association of REALTORS® and the National Association of REALTORS®, Paul helps members make a difference for their clients at the local, state and federal levels.

His unique experience includes an award-winning journalism career with newspapers in Florida and California where he covered real estate, small business, the aviation business and the confluence of government policy, politics and business. His coverage of real estate and growth in Florida earned him top honors from the Florida Press Club in 2002.

In 2004, he won first place for in depth business writing from the California Newspaper Publishers Association. After journalism, Paul served as communications director for the San Bernardino County Economic Development Agency, coordinating everything from press outreach to speeches and video production. In four years with the agency, he oversaw external communications, managed a communications team and helped publicly position a variety of projects and initiatives.

The combination of mass media experience, local expertise, policy and political background and understanding of real estate issues prepared him to lead IVAR’s government affairs and communications efforts through coalition building, strong messaging and technical understanding.

Paul earned his Bachelor’s of Journalism degree from the University of Missouri-Columbia.


The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669.  For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.


Video Link

Radio Show