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.

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Senate Bill 729 Rejected

This weeks video is a slideshow of a few big news stories of the week. The video discusses the real estate market, includingthe numbers for home sales, unemployment, and mortgage applications, the recent rejection of the bill S. 729 introduced by Senator Steinberg, and the recent report by MBA regarding people who take classes on repurchasing. Upcoming events include the radio show with Lance Martin, SDCIA, Chino Valley Real Estate Professionals, and the California Mortgage Association. This video is a follow-up to the Norris Group's real estate blog.

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New Legislation Pushes Lenders To Respond To Short Sales

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 numbers for unemployment and housing prices, the partial settlement with the feds, banks and servicers, the new legislation in the House of Representatives requiring mortgage servicers to respond within 45 days of receiving a short-sale request, the repeal of the 1099 tax rule, and much more. He also discusses upcoming events including the radio show with Mike and Randy Grigg. This video is a follow-up to the Norris Group's real estate blog.

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