I Survived Real Estate 2013 Part 1 #353

On October 18, 2013, The Norris Group proudly presented I Survived Real Estate 2012. An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year. Over $90,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. In this segment, Lainie Strouse of St. Jude's Children's Research Hospital and Sarah Pizzaruso talked about their organizations and how they help children with life-threatening illnesses.  In addition, Bruce Norris discussed who would be speaking on the panel and the different topics they would be covering, including what's in store for the remainder of 2013, the real estate market in the past year, California home sales, the loan business, mortgage rates, GDP growth, unemployment, and much more on this weeks real estate radio show and podcast.

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Craig Blunden Joins Bruce Norris on the Real Estate Radio Show #352

Bruce Norris is joined this week by Craig Blunden.  Craig has been the president and chief executive officer of Provident Savings Bank since 1991.  In addition, he has been the chairman and chief executive officer of Provident Financial Holdings, Inc. since its formation in 1996.  He has been associated with Provident Savings Bank since 1974. Bruce and Craig discuss median prices in the 1970s and how things have changed, the downturn in the early 90s, the commercial business and the tax treatment it received, the percentage of Provident that is residential, commercial loans, amortization, the popularity of flipping homes, the future of Dodd-Frank, the event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Doug Duncan Joins Bruce Norris on the Real Estate Radio Show #351

Bruce Norris is joined this week by Doug Duncan.  Doug is Fannie Mae’s Vice President and Chief Economist.  He is responsible for managing Fannie Mae’s strategy division, economics, and mortgage market analysis groups.  In this leadership role, Duncan provides all economic housing and mortgage market forecasts and analysis.  He also serves as the company’s thought leader and is a spokesman on economic and mortgage market issues. Bruce and Doug discuss the housing market today compared to a year ago, the decline in construction employment, organic growth in the market, population and demographics being the driving factors in the housing market, buyer mentality, the percentage of the market Fannie and Freddie have, shadow inventory, the upcoming event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Debra Still Joins Bruce Norris on the Real Estate Radio Show #350

Bruce Norris is joined this week by Debra Still.  Debra is President and Chief Executive Officer of Pulte Mortgage, a nationwide lender that is headquartered in Inglewood, Colorado.  The company employs 750 individuals throughout the United States.  They have been in business since 1972 and have seen over 400,000 homebuyers finance their new home purchases.  She became chairman of the Mortgage Bankers Association in October 2012, and she recently served as chair of MBA’s residential board of governors.  She is also a member of the association’s board of directors. Bruce and Debra discuss the current and future status of the CFPB, the complex rules today and how this is the biggest challenge, current interest rates, the recently defined qualified mortgage, sub-divisions in California, the FHA and FHFA, the upcoming event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Leslie Appleton-Young Joins Bruce Norris on the Real Estate Radio Show #349

Bruce Norris is joined this week by Leslie Appleton-Young.  Leslie is vice-president and chief economist for the California Association of Realtors, a state-wide trade organization with over 195,000 members dedicated to the advancement of professionalism in real estate.  Leslie directs the activities of the association’s member information group.  She oversees the analysis of the housing market and brokerage industry trends, member communications, and membership development activities.  She is also very involved in speaking to the membership. Bruce and Leslie discuss the mood of the members, the supply-side issue, price appreciation in the early part of the cycle, reduced loan limits for Fannie and Freddie, short sale taxable debt forgiveness, shadow inventory, the upcoming event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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John Burns Joins Bruce Norris on the Real Estate Radio Show #348

Bruce Norris is joined this week by John Burns.  John is the CEO of John Burns Real Estate Consulting.  John and his team consult with executives all over the country analyzing and summarizing the information they need to make housing industry decisions with more confidence.  The company is on retainer with many of the largest companies in housing and investment industries.  They produce regular monthly reports on housing market conditions and customizing specific studies to help with strategic and community-specific decisions.  John is also a frequent speaker and has been interviewed by most of the major media. Bruce and John discuss the client base at his office and how much his staff has grown, the foreign buyer market, warning signs in the market, the current state of real estate prices, the building market, unsold homes as a percentage of inventory, the new criteria for getting a loan, FHA policies, the upcoming event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Christopher Thornberg Joins Bruce Norris on the Real Estate Radio Show #347

Bruce Norris is joined this week by Christopher Thornberg. Christopher is the founding partner of Beacon Economics, LLC and widely recognized to be one of California’s leading economists. Bruce and Christopher discuss his upcoming speaking engagement on October 29th, the state of the economy and whether or not we are moving forward, quantitative easing, mortgage and the unemployment rate, underwater homeowners and lack of construction, the increase in home prices, California migration, the upcoming event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Sean O'Toole Joins Bruce Norris on the Real Estate Radio Show #346

Bruce Norris is joined this week by Sean O’Toole. Sean is the founder and CEO of Property Radar, and he was the founder of Foreclosure Radar. Their website literally changed the foreclosure industry and made it much easier for people to compete against very large companies. He started buying and selling his own properties, dealing with 150 residential commercial foreclosures, and he used 15 years of software industry experience to make the job a lot easier. Bruce and Sean discuss how he got started in the foreclosure business, his new website in depth, short sales, the number of homeowners still underwater and emerging out from it, inventory levels, the predominance of refis in the lender business, the current CAP rate, the upcoming event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Sean O'Toole Joins Bruce Norris on the Real Estate Radio Show #345

Bruce Norris is joined this week by Sean O’Toole. Sean is the founder and CEO of PropertyRadar, and he was the founder of ForeclosureRadar. Their website literally changed the foreclosure industry and made it much easier for people to compete against very large companies. He started buying and selling his own properties, dealing with 150 residential commercial foreclosures, and he used 15 years of software industry experience to make the job a lot easier. Bruce and Sean discuss the new website for PropertyRadar, the trustee sale business and foreclosure market in the upcoming years, the tech market in 2005-2008, AVMs, the appraisal process, the market in Northern California, specifically San Francisco and San Jose, SB 391, shadow inventory, price increases over the years, median price and interest rates, the upcoming event I Survived Real Estate 2013, and much more on this weeks real estate radio show and podcast.

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Gary Thomas Joins Bruce Norris on the Real Estate Radio Show #344

Bruce Norris is joined this week by Gary Thomas. Gary is the National Association of Realtors 2013 president. Gary has been in the business for over 35 years and has been the owner of Evergreen Realty in California. Bruce and Gary discuss his role as the president elect, the FHA and GSE reform he has spoken on in front of Congress, the FHA from 2005-2007 compared 2008-2010, the problem of overlays in our industry, access to capital being the biggest unknown for the industry, qualified residential mortgages, what determines the quality of loans, short sale debt forgiveness, immigration reform, and much more on this weeks real estate radio show and podcast.

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Ken Wilson Joins Bruce Norris on the Real Estate Radio Show #343

Bruce Norris is joined this week by Ken Wilson. Ken is the 213 president-elect of the Appraisal Institute. He was the organization’s vice president in 2012, which means he will serve as president in 2014 and as immediate past president in 2015. He also serves on the organization’s executive committee and on its policy-making board of directors. Ken has been involved in the appraisal industry for more than thirty years. He owns his own business in Dallas, and he has so many roles in the Appraisal Institute and similar organizations. Bruce and Ken discuss the Great Recession, the MAI and SRA designations, challenges are the appraiser looks at, legal and illegal additions added to properties and why it is important to have a professional inspect it, review appraisals, the start of appraisal management companies, how the quality of an appraisal is impacted, the concept of substitution, green improvements in the building industry, and much more on this weeks real estate radio show and podcast.

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Harry Dent Joins Bruce Norris on the Real Estate Radio Show #342

Bruce Norris is joined once again this week by Harry Dent. Harry is a New York Times best-selling author known for his ability to look at past cycles and demographics, to reject what is next for the economy, and where to most wisely invest. One of his most famous calls was writing a book back in 1992 entitled The Great Boom Ahead. When most of the authors were writing about a repeat of a Great Depression, in 2008 Harry also wrote a book projecting a Great Depression. His most recent work is The Great Crash Ahead, subtitled “For a World Turned Upside Down." Bruce and Harry discuss inflation and deflation, the target of the subtitle “For a World Turned Upside Down," the Great Depression of the 1930s and whether we will see another, historical debt bubbles, our long-term demographic downturn, the demographics of real estate, the baby boomer generation, and much more on this weeks real estate radio show and podcast.

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Harry Dent Joins Bruce Norris on the Real Estate Radio Show #341

Bruce Norris is joined this week by Harry Dent. Harry is a New York Times best-selling author known for his ability to look at past cycles and demographics, to reject what is next for the economy, and where to most wisely invest. One of his most famous calls was writing a book back in 1992 entitled The Great Boom Ahead. When most of the authors were writing about a repeat of a Great Depression, in 2008 Harry also wrote a book projecting a Great Depression. Bruce and Harry discuss how he is one of the few economists not afraid to share his opinions or be wrong, economic cycles, demographics, the down jones average, the second great depression and bubbles that were predicted, Japan's struggling market, Harry's criticism of what the government is currently doing, and much more on this weeks real estate radio show and podcast.

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Craig Hill Joins Bruce Norris on the Real Estate Radio Show #340

Bruce Norris is joined again this week by Craig Hill. Craig is the underwriter for the Norris Group’s loan programs. He has been with the Norris Group since they opened, and he has been in the hard money loan business for over twenty years. Bruce and Craig discuss the hard money points and fees and the changes made to the programs, loan-to-value, buy and sell, entities in which investors buy properties, credit worthiness, borrower protection, short sales and REOs, the new potential construction lending program for the Norris Group, and much more on this week's real estate radio show and podcast.

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Craig Hill Joins Bruce Norris on the Real Estate Radio Show #339

Bruce Norris is joined this week by Craig Hill. Craig is the underwriter for the Norris Group’s loan business. He has been in the hard money loan business for over twenty years. Bruce himself has been a customer of his since 1993. Bruce and Craig discuss trust deed investing and their hard money loan program, owner-occupants, the Norris Group's borrower track record, costs involved with the lenders and borrowers, properties they loan on and their condition range, and much more on this week's real estate radio show and podcast.

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