Bruce Norris is joined again this week by John Burns. John is the CEO of John Burns real estate consulting firm, located in Irvine. They are a national source of independent housing research, advice, and consulting. Their mission is to help executives make informed housing industry decisions. His firm provides builders, developers, banks, lenders, investors, and building product manufacturers with timely analysis they need in order to make smart decisions quickly and cost effectively. Research is backed by detailed data as well as proprietary tools and experienced professionals around the country. Bruce and John discuss the market for this year and if it met their predictions, construction numbers in California, development costs, subdivision creation in Riverside County, FHA's reduction of loan balance and how it affects builders, unsold inventory versus sales, Fannie and Freddie's new 3% down loan program, single-family rental homes, and much, much more on this week's real estate radio show and podcast.
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