Norris Bruce

Bruce Norris is an active investor, hard money lender, and real estate educator with over 30 years experience. Bruce has been involved in over 2,000 real estate transactions as a buyer, seller, builder and money partner.

Real Estate Today EminentDomain

Is LA taking This Rent Control Thing A Little Too Far?

Today’s News Synopsis: Eminent domain in the name of affordable housing?  Mortgage maturity volume for both commercial and multifamily properties are expected to increase by 48% this year.  If you are holding out to buy until house prices drop, you may be waiting longer than you think. In The News: Reason – “L.A. Politicians Want To

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Would You Ever Live Next To A Cemetery? #488

 Real Estate News Recap: Builder Confidence in the 55+ Housing Market Drops Slightly in the Fourth Quarter CoreLogic Reports December Home Prices Increased by 4% Year Over Year January adds a much stronger-than-expected 225,000 jobs, with a boost from warm weather Mortgage Rates Fall for the Third Consecutive Week U.S. renters are richer, older,

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Real Estate Today ListPrice

Not So Much

Today’s News Synopsis: Are homes still selling above list price?  Mortgage rates decreased for the third week in a row with 30-year rates now at 3.45% and 15-year rates at 2.97%.  According to ATTOM Data Solutions, U.S. Homeowners are four times more likely to be equity-rich than underwater. In The News: Freddie Mac – “Mortgage Rates

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Real Estate Today HighRent

Just How High Is Rent Getting?!

Today’s News Synopsis: Well, even middle-Americans can’t afford it.  Home prices increased by 4% year-over-year in December according to CoreLogic.  More Americans are staying in their homes longer. In The News: CoreLogic – “CoreLogic Reports December Home Prices Increased by 4% Year Over Year” (2-4-2020) “CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions

Just How High Is Rent Getting?! Read More »

What Kind of Real Estate Deals Are You Doing In 2020? #487

 Real Estate News Recap: Sales of new homes fell in December, but the future looks bright for the home-building industry Pending Home Sales Skid 4.9% in December Mortgage Applications Increase in Latest MBA Weekly Survey Housing index: Homeowners in Amazon’s ZIP code didn’t’ want to sell in 2019 Inside a $26.5 million luxury mansion

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