Friday, June 3, 2011
Home Prices Double Dip; 1/3 of US Sales Now Distressed
In this video, Aaron Norris of The Norris Group gives the news of the week in the world of real estate and other big events. Aaron discusses the real estate market, including the home prices being down to a new low, one-third of all U.S. sales now distressed, a new report released showing more buyers are lying on their mortgage applications, and the suggested 20% down payment still not able to be met by borrowers. He also discusses upcoming events including the radio show with Ivan Choi, the Orange County Investors lunch, and the NSDREI annual dinner. This video is a follow-up to the Norris Group's real estate blog.