On a more pessimistic note, Norris threw cold water on real estate industry expectation that there is pent up demand from home buyers just waiting for the best time to jump into the market. Not only did the home buying fervor of a few years back steal home sales from the future, he said, but the large number of people who now owe more money on their homes than they could sell them for are in no position to move anywhere and become new buyers.
New ways of viewing the housing meltdown
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.
- The Norris Group
- Phone: (951) 780-5856
- Fax: (951) 780-9827
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1845 Chicago Avenue, Ste C,
Riverside, CA 92507