Jim Morrison

Jim Morrison can be reached at jmorrison@thewarrengroup.com
Patti White

Patti White

Patti White joined Norcom in 2008, after 20 years in the legal industry. She now serves as president of Military Direct Mortgage, a division of Norcom Mortgage. She is a licensed MLO in 23 states.

NAR Announces New CEO

The National Association of Realtors announced in a video yesterday that former senior vice president and 30-year industry veteran Bob Goldberg has been selected as the organization’s new CEO.

Mortgage Applications Increase As Rates Dip Slightly

Mortgage applications increased 6.3 percent from one week earlier, according to data released this week from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 14, 2017. The results included an adjustment for the Fourth of July holiday.

Labor Shortage Drives Up Construction Costs

The skilled labor shortage is beginning to impact construction costs in Connecticut. Builders who used to handle most of the jobs on a construction site have pared down their staffs and rely more on subcontractors. Now those subs are having trouble finding workers – and it’s driving up the cost of construction.

AJK

On The Road

Sixty years after Jack Kerouac’s legendary novel “On the Road” was published, his distant cousin –real estate agent AJ Kerouac – is also on the road, knocking on doors and trying to get elected as selectman in his hometown of Brooklyn.

Time Is Ripe For GSE Reform

Federal Housing Finance Administration (FHFA) Director Melvin L. Watts told the U.S. Senate Committee on Banking, Housing and Urban Affairs last month that “Congress urgently needs to act on housing finance reform” and bring Fannie Mae and Freddie Mac out of conservatorship after almost nine years.

Survey Says It’s A Sellers’ Market

The share of Americans who think now is a good time to buy fell 8 percent to a record low 27 percent last month, according to the Fannie Mae Home Purchase Sentiment Index for May. The percentage of those who say now is a good time to sell increased 6 percent to 32 percent, a record high.