Economist Gary Watts and Bruce Norris Continue on radio show about California Economic Real Estate Outlook - 02/29/08 03:37 PM
Bruce Norris and economist Gary Watts of Impact Real Estate continue their conversation from last week.  This week they discuss when this current real estate downturn began, what statistic told us we were headed into a downturn, if Southern California is different from the rest of California, what percentage of the market was second home purchases, what has changed in the lending industry, the Federal Reserve and why they waited so long to do anything about the lending troubles, the new rules of being a lender, how certain minority groups stand to be hit hardest and how it happened, Bruce and … (0 comments)

Feedback for Point 2 NLS and other web services needed. - 02/22/08 12:59 PM
I have serveral clients asking about website serives.  We have always done our own but for those that don't want the hassle, I'd like to point them in a direction. 
 NLS looks promising but I'm curious if anyone has experience with them and their website product.  A new REO agent friend needs something easy and scaleable.  Many of the REOs in town have more then 70 listings all the way up to 700+. What's fast and user friendly but doesn't have 20 calculators clogginf up the page.  Simple, clean, intuitive design is what I'm after.
 Any input from this wonderful community would we awesome.  You've … (10 comments)

Economist Gary Watts in Orange County on the TNG Real Estate Radio Show - 02/22/08 12:41 PM
Bruce Norris is joined this week by economist Gary Watts. Bruce and Gary discuss Gary’s long history of forecasting in California, what surprised him in 2007, how the financing industry put the breaks on the low and high end inventory in California, psychology playing a role in the California real estate market, how this cycle was different from previous cycles, renting versus buying in the mind of a buyer, how much of the loan pool is subprime, how much of the subprime is really a problem, collateralized debt and the mess it has created, FHA and VA loans, how the new … (1 comments)

California Builder Consultant on The Norris Group Radio Show - 02/15/08 02:37 PM
Bruce Norris is joined this week by builder consultant and founder of John Burns Real Estate Consulting, John Burns.  Bruce and John discuss how busy John has been consulting investors and builders who have never experienced a downturn, what industries these new investors are coming from and if it’s cyclical, if builders had a chance to do it over what they might choose to do differently, land shortages, debt strategies of builders, options versus cash, land value decrease in California, portfolio deals, supply of homes the builders are currently holding, construction starts, how lending has changed the game, who the typical … (0 comments)

Second Life - When Real Estate Sucks in Real Life, Make Millions in Virtual Real Estate - 02/09/08 01:26 AM
I was recently introduced to the concept of Second Life a few months back during a statistics class.  Yes, the topic was extremely off topic but the instructor just couldn't control his excitement.  He spent 45 minutes describing how people in our world were creating another life in this unique online universe called Second Life.
In a nutshell, you create a character that interacts with millions of other user-created characters in a 3D virtual world.  You can make your character look any way you'd like, inside you'll use a new currency (Linden Dollars), you'll interact with others in real time, and best … (3 comments)

Radio Interview with PIMCO VP - Mark Kiesel - 02/08/08 03:28 PM
This week Bruce Norris is joined by Executive Vice President of PIMCO, Mark Kiesel. PIMCO is one of the largest specialty fixed income managers in the world, with $746.3 billion in assets under management and more than 900 employees in offices globally. Bruce and Mark talk about the strategies of PIMCO going forward into 2008, how PIMCO is more defensive on certain products in 2008, bonds compared to stocks, why bonds instead of stocks, muni bonds, what happens when cities go bankrupt, corporate bonds markets in 2007 and its growth, how bonds fair in recessions, PIMCO’s position on mortgages and housing, … (0 comments)

Radio Interview with C.A.R.'s Chief Economist - Leslie Appleton-Young - 02/08/08 03:25 PM
This week Bruce Norris is joined once again by Chief Economist for The California Association of Realtors, Leslie Appleton-Young. Bruce and Leslie discuss how lenders are exiting existing properties differently this cycle, feedback from frustrated REO agents, a due on sale moratorium, why adjustments in the lending industry has to change, short sales and how lenders aren’t cooperating, how lender cooperation might change in 2008, Realtors and auctions in 2008, the California budget deficit and its effect on real estate, possible changes with Proposition 13, if California is losing migration, the California rental market, contraction in employment in the real estate … (0 comments)

The California Real Estate Crash Was Predictable! - 02/01/08 01:21 PM
The California Real Estate Crash Was Predictable!  
At the club meeting, we'll talk about:  
Why the downturn was inevitable Why the economists were wrong How these economists will be misleading you into believing the worst is over Five dangerous things that will happen in the next 12 months Why interest rates being cut by the Fed won't change a thing Why foreclosures will continue to soar and create opportunities for investors Why knowing when to is superior to knowing how to!Meeting Location: Four Point Sheraton5990 Green Valley Circle Culver City, CA 90230 Start Time: 6:30pm  
THEN....Join Us Saturday, February … (2 comments)

 
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Aaron Norris

Riverside, CA

More about me…

The Norris Group

Address: 1845 Chicago Avenue, Ste. C, Riveside, CA, 92507

Office Phone: (951) 780-5856 x 108

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