The Norris Group Real Estate Radio Show and Podcast

On Friday, October 24, the Norris Group proudly presented its 7th annual award-winning black-tie event I Survived Real Estate.  An incredible lineup of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals.  Proceeds for the event benefit Make a Wish and St. Jude Children’s Research Hospital.  This event could not have been possible without the generous help of the following platinum partners: Auction.com, HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association and President Bill Tan, The North San Diego Real Estate Investors Association, InvestClub for Women and Iris Veneracion, Wholesale Capital Corp, New Western Acquisition, MVT Productions, and White House Catering.  For event video and information, visit isurvivedrealestate.com.  Odette Gutiérrez and Rebecca Kwait from St. Jude Children's Research Hospital and Make a Wish Foundation both began the event by sharing the work the organizations were doing to help children fighting life-threatening illnesses.  Afterwards Bruce Norris spoke with the audience discussing working together with all the other facets of your industry and not just seeing yourself as a standalone piece, the new definition for qualified residential mortgage, the plan to implement the 90-day hold rule, and more.  I Survived Real Estate will be broadcast on the radio show over the next six weeks, so if you missed the event tune in each week or check out the video of the live event now available on YouTube.     The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Costa Mesa Marriot, Council of Multiple Listing Services, Elite Auctions, In A Day Development, Inland Valley Association of Realtors, Investor Experts, IRA Services Trust Company, Jennifer Buys Houses, Keystone CPA, Las Brisas Escrow, LA South REIA, Leivas Tax Wealth Management, Personal Real Estate Magazine, Pilot Limousine, Primary Residential Mortgage, Northern California Real Estate Investors Association, Real Wealth Network, Realty 411 Magazine, Resonant Lens Photography, Rick and LeAnne Rossiter, SJREI, SONOCA Corporation, Southpointe Companies, Spinnaker Loans, Tony Alvarez, uDirect IRA Services.  See isurvivedrealestate.com for video of the live event and more on our sponsors. Play Nowhttp://www.thenorrisgroup.com/

On Friday, October 24, the Norris Group proudly presents its 7th annual award-winning black-tie event I Survived Real Estate.  An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals.  Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital.  This event could not have been possible without the generous help of the following platinum partners: Auction.com, HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association and President Bill Tan, InvestClub for Women and Iris Veneracion, MVT Productions, and White House Catering.  For event information, visit isurvivedrealestate.com.    The Bruce Norris is joined this week by Christopher Thornberg.  Christopher is the founding partner of Beacon Economics and widely considered to be one of California’s leading economists.  He is an expert in economic forecasting, regional economies, labor markets, economic policy, and industry and real estate analysis.  He was one of the earliest and most adamant predictors of the subprime mortgage market collapse and of the global economic recession that followed in 2008.  Dr. Thornberg serves on the advisory boards of Paulson and Company Inc., one of Wall Street’s leading hedge funds, and of the Los Angeles area Chamber of Commerce.  In Southern California’s largest not-for-profit business federation between 2008 and 2012, he served as Chief Economic Advisor to the California State Controller’s Office and was chair of controller John Chang’s Council of Economic Advisors.  Dr. Thornberg holds a PhD in business economics from the Anderson School of UCLA and a B.S. in Business Administration from the state university of New York, Buffalo. Bruce and Christopher discuss issues in the global economy, particularly China, its affect on the United States, interest rates and exchange rates, the Japanese real estate boom, the winding down of Quantitative Easing efforts, retirement pension plans, the lack of volume in California real estate sales, the ownership rate, and much, much more on this week's real estate radio show and podcast. Christopher Thornberg will be featured on this years' panel for I Survived Real Estate 2014.  The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coldwell Banker Town and Country, Elite Auctions, In A Day Development, Inland Valley Association of Realtors, Investor Experts, Jennifer Buys Houses, Keystone CPA, Las Brisas Escrow, LA South REIA, Leivas Associates, Pilot Limousine, Primary Residential Mortgage, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Real Wealth Network, Realty 411 Magazine, Resonant Lens Photography, Rick and LeAnne Rossiter, Personal Real Estate Magazine, San Jose Real Estate Investors Association and Geraldine Barry, SONOCA Corporation, Southpointe Companies, Spinnaker Loans, Tony Alvarez, and uDirect IRA Services, and the Council of Multiple Listing Services.  See isurvivedrealestate.com for video of the live event and more on our sponsors Play Now http://www.thenorrisgroup.com/

On Friday, October 24, the Norris Group proudly presents its 7th annual award-winning black-tie event I Survived Real Estate.  An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals.  Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital.  This event could not have been possible without the generous help of the following platinum partners: Auction.com, HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association and President Bill Tan, InvestClub for Women and Iris Veneracion, San Jose Real Estate Investors Association and Geraldine Barry, MVT Productions, and White House Catering.  For event information, visit isurvivedrealestate.com.    Bruce Norris is joined this week by Sean O’Toole.  Sean is founder and CEO of PropertyRadar.com, the only company that tracks every foreclosure in California with daily updates on all trustee sales.  Prior to launching PropertyRadar, Sean successfully purchased and flipped more than 150 residential and commercial foreclosures.  Leveraging 15 years in the software industry, Sean used technology as a key competitive advantage to build his successful real estate track record.  He had years of experience in other start-up companies, and he brought that expertise to the industry. Bruce and Sean discuss his PropertyRadar site, the slowdown in sales, overvalued homes, the FHA loan limit in Riverside and Sacramento County, changes in the industy, and much, much more on this week's real estate radio show and podcast. Sean O'Toole will be featured on this years' panel for I Survived Real Estate 2014.  The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coldwell Banker Town and Country, Elite Auctions, In A Day Development, Inland Valley Association of Realtors, Investor Experts, Jennifer Buys Houses, Keystone CPA, Las Brisas Escrow, LA South REIA, Leivas Associates, Pilot Limousine, Primary Residential Mortgage, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Real Wealth Network, Realty 411 Magazine, Rick and LeAnne Rossiter, Personal Real Estate Magazine, SONOCA Corporation, Southpointe Companies, Spinnaker Loans, Tony Alvarez, and uDirect IRA Services, and the Council of Multiple Listing Services.  See isurvivedrealestate.com for video of the live event and more on our sponsors Play Now http://www.thenorrisgroup.com/

On Friday, October 24, the Norris Group proudly presents its 7th annual award-winning black-tie event I Survived Real Estate.  An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals.  Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital.  This event could not have been possible without the generous help of the following platinum partners: Auction.com, HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association and President Bill Tan, InvestClub for Women and Iris Veneracion, San Jose Real Estate Investors Association and Geraldine Barry, MVT Productions, and White House Catering.  For event information, visit isurvivedrealestate.com.    Bruce Norris is joined this week by Dave Cogdill.  Dave is a former senator who is now president and CEO of the California Building Industry Association, a position he has served in since 2013.  Prior to serving on this board, Dave was the county assessor for Stanislaus from 2011-2013.  He also served as a commissioner on the California Water Commission.  He was also the chairman for the Maddy Institute at Fresno State University after departing from Legislature.  During his years in office, Dave worked a lot with leaders to resolve issue relating to rural, healthcare, and education.  For his service he has received several awards including the Prestigious Profiles and Courage Award from the John F. Kennedy Library Foundation. Bruce and Dave discuss the drought's effect on the building industry, legislation for drought relief, employment since the Great Recession, projections for 2013 going into 2014, unsold inventory, changes in the target buyers, the increase in multi-generational buyers, lowering FHA loan limits, foreign investors, the California business climate, and much, much more on this week's real estate radio show and podcast. Bill Cosgrove will be featured on this years' panel for I Survived Real Estate 2014.  The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coldwell Banker Town and Country, Elite Auctions, In A Day Development, Inland Valley Association of Realtors, Investor Experts, Jennifer Buys Houses, Keystone CPA, Las Brisas Escrow, LA South REIA, Leivas Associates, Pilot Limousine, Primary Residential Mortgage, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Real Wealth Network, Realty 411 Magazine, Rick and LeAnne Rossiter, Personal Real Estate Magazine, SONOCA Corporation, Southpointe Companies, Spinnaker Loans, Tony Alvarez, and uDirect IRA Services, and the Council of Multiple Listing Services.  See isurvivedrealestate.com for video of the live event and more on our sponsors Play Now http://www.thenorrisgroup.com/

On Friday, October 24, the Norris Group proudly presents its 7th annual award-winning black-tie event I Survived Real Estate.  An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals.  Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital.  This event could not have been possible without the generous help of the following platinum partners: Auction.com, HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association and President Bill Tan, InvestClub for Women and Iris Veneracion, San Jose Real Estate Investors Association and Geraldine Barry, MVT Productions, and White House Catering.  For event information, visit isurvivedrealestate.com.    Bruce Norris is joined this week by Bill Cosgrove.  Bill is the chairman elect of the Mortgage Bankers Association.  He began his career in the mortgage banking industry in 1986 as a loan officer and has served in many positions for the Mortgage Bankers Association.  This includes the president of the Ohio MBA from 2007-2008.  On October 19, Bill will officially be sworn in as the chairman of the Mortgage Bankers Association. Bruce and Bill discuss respa tila documents coming out next year, the CFPB and if it is fully functional now, the shortened timeframe for people coming out of a bankruptcy or foreclosure, volume and price increases this year compared to last, reasons this year has stalled, student debt, and much, much more on this week's real estate radio show and podcast. Bill Cosgrove will be featured on this years' panel for I Survived Real Estate 2014.  The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coldwell Banker Town and Country, Elite Auctions, In A Day Development, Inland Valley Association of Realtors, Investor Experts, Jennifer Buys Houses, Keystone CPA, Las Brisas Escrow, LA South REIA, Leivas Associates, Pilot Limousine, Primary Residential Mortgage, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Real Wealth Network, Realty 411 Magazine, Rick and LeAnne Rossiter, Personal Real Estate Magazine, SONOCA Corporation, Southpointe Companies, Spinnaker Loans, Tony Alvarez, and uDirect IRA Services, and the Council of Multiple Listing Services.  See isurvivedrealestate.com for video of the live event and more on our sponsors Play Now http://www.thenorrisgroup.com/

On Friday, October 24, the Norris Group proudly presents its 7th annual award-winning black-tie event I Survived Real Estate.  An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals.  Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital.  This event could not have been possible without the generous help of the following platinum partners: Auction.com, HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association and President Bill Tan, InvestClub for Women and Iris Veneracion, San Jose Real Estate Investors Association and Geraldine Barry, MVT Productions, and White House Catering.  For event information, visit isurvivedrealestate.com.    Bruce Norris is joined this week by Doug Duncan.  Duncan is the Chief Economist and vice president of Fannie Mae.  He manages Fannie Mae’s strategy division and economics in the mortgage market analysis groups.  In this leadership role, Duncan provides all economic housing and mortgage market forecasts.  He also serves as company thought leader and spokesperson on economic and mortgage market issues.  Doug also researches external factors in the economy and how they could impact the company and the housing industry. Bruce and Doug Discuss discuss the overall market and what came as a surprise, interest rates and what happens when they rise, the number of young adults still living at home or unemployed, the job market as a whole, immigration, the mood of Congress towards real estate, and much, much more on this week's real estate radio show and podcast. Doug Duncan will be featured on this years' panel for I Survived Real Estate 2014.  The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coldwell Banker Town and Country, Elite Auctions, In A Day Development, Inland Valley Association of Realtors, Investor Experts, Jennifer Buys Houses, Keystone CPA, Las Brisas Escrow, LA South REIA, Leivas Associates, Pilot Limousine, Primary Residential Mortgage, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Real Wealth Network, Realty 411 Magazine, Rick and LeAnne Rossiter, Personal Real Estate Magazine, SONOCA Corporation, Southpointe Companies, Spinnaker Loans, Tony Alvarez, and uDirect IRA Services, and the Council of Multiple Listing Services.  See isurvivedrealestate.com for video of the live event and more on our sponsors Play Now http://www.thenorrisgroup.com/

On Friday, October 24, the Norris Group proudly presents its 7th annual award-winning black-tie event I Survived Real Estate.  An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals.  Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital.  This event could not have been possible without the generous help of the following platinum partners: Auction.com, HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association and President Bill Tan, InvestClub for Women and Iris Veneracion, San Jose Real Estate Investors Association and Geraldine Barry, MVT Productions, and White House Catering.  For event information, visit isurvivedrealestate.com.    Bruce Norris is joined this week by Beth Peerce.  Beth is this year’s vice president of the National Association of Realtors after having served as a realtor for over 35 years in Beverly Hills, California.  In addition, she is also the broker/owner of Primetime Properties located in Century City, California and whose specialty is residential real estate. Bruce and Beth discuss the real estate at the top end of the market, inventory levels and how much they have changed, the number of foreign occupants in the market, occupant speculators, interest rates today compared to twenty years ago, the effect interest rate hikes would have on price, the Dodd-Frank Act and if it is fully implemented, second-home mortgages, the attitude of millennial today, homeowners versus renters, and much, much more on this week's real estate radio show and podcast. Beth Peerce will be featured on this years' panel for I Survived Real Estate 2014.  The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coldwell Banker Town and Country, Elite Auctions, In A Day Development, Inland Valley Association of Realtors, Investor Experts, Jennifer Buys Houses, Keystone CPA, Las Brisas Escrow, LA South REIA, Leivas Associates, Pilot Limousine, Primary Residential Mortgage, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Real Wealth Network, Realty 411 Magazine, Rick and LeAnne Rossiter, Personal Real Estate Magazine, SONOCA Corporation, Southpointe Companies, Spinnaker Loans, Tony Alvarez, and uDirect IRA Services, and the Council of Multiple Listing Services.  See isurvivedrealestate.com for video of the live event and more on our sponsors Play Now http://www.thenorrisgroup.com/

On Friday, October 24, the Norris Group proudly presents its 7th annual award-winning black-tie event I Survived Real Estate.  An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals.  Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital.  This event could not have been possible without the generous help of the following platinum partners: Auction.com, HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association and President Bill Tan, InvestClub for Women and Iris Veneracion, San Jose Real Estate Investors Association and Geraldine Barry, MVT Productions, and White House Catering.  For event information, visit isurvivedrealestate.com.    Bruce Norris is joined this week by Rick Sharga. Rick is the executive vice president of Auction.com. Bruce has known him for many years, going all the way back to RealtryTrac and Carrington. Bruce and Rick discuss Auction.com, the auction process, the secret sauce of being better capitalized, making Auction.com an eBay for real estate, diversification, Rick's reasons for being recruited and what attracted him to the company, the types of auctions available, absolute auctions, and much, much more on this week's real estate radio show and podcast. The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coldwell Banker Town and Country, Elite Auctions, In A Day Development, Inland Valley Association of Realtors, Investor Experts, Jennifer Buys Houses, Keystone CPA, Las Brisas Escrow, LA South REIA, Leivas Associates, Pilot Limousine, Primary Residential Mortgage, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Real Wealth Network, Realty 411 Magazine, Rick and LeAnne Rossiter, Personal Real Estate Magazine, SONOCA Corporation, Southpointe Companies, Spinnaker Loans, Tony Alvarez, and uDirect IRA Services, and the Council of Multiple Listing Services.  See isurvivedrealestate.com for video of the live event and more on our sponsors Play Now http://www.thenorrisgroup.com/

Bruce Norris is joined this week by Ken Wilson. Ken is the 2014 president of the Appraisal Institute. He has helped many other offices in that organization and has been involved in the real estate appraisal profession for more than 35 years following a 12-year career with two national appraisal firms. He started his own valuation and consultant firm in Dallas named Wilson Realty Advisors. Bruce and Ken discuss everything appraisal related, including the services the Appraisal Institute provides, the process by which properties are appraised, appraisal management companies, the process for selecting an appraiser, the license required to appraise a property, review appraisal designations, and much, much more on this week's real estate radio show and podcast. Play Nowhttp://www.thenorrisgroup.com/

Bruce Norris is joined this week by David Goldberg. David is an executive director at UBS, covering the building and building product sector. Before assuming coverage, David was an associate analyst who focused on the home-building companies within the sector. Prior to this and before business school, he worked at the Convergent Wealth Advisors, a wealth management firm in Rockville, Maryland that focuses on providing independent financial advice to high net worth families. Bruce and David discuss businesses which are buying and renting distressed properties, their exit strategies and creating scattered REITs, the transition to the next stage in the housing recovery, construction in 2013 that drove demand above supply, margin liquidity and marginal easing, the source of capital, the process by which we funded loans back in 2004-2006, builder outlook, CD locations, the building industry overall, and much, much more on this week's real estate radio show and podcast. Play Now http://www.thenorrisgroup.com/

Bruce Norris is joined this week by Amanda Han and Matt MacFarland. They are the owners of Keystone CPA. Matt has over 20 years of experience in public accounting as a CPA and tax strategist. He has worked for both the Big Four and Regional CPA firms. Matt has served as a tax manager in the private client advisor group, where he focuses his expertise in tax planning and compliance for high worth individuals, business owners, commercial real estate investors, and professional athletes. The man has over 18 years of experience as a CPA with special emphasis in real estate, self-directed investing, and individual tax-planning. Amanda has extensive Big Four public accounting experience in the lead tax groups serving clients in the real estate industry. Bruce, Amanda, and Matt discuss tax season, the busiest time for CPAs, the diversity of clients, the time in California when they reached the upper limits of the tax rate in California, the federal rate and new additions to the tax, the brand new Unearned Medicare Contribution tax and social security tax, possible changes in the tax rate structure, and much, much more on this week's real estate radio show and podcast. Play Nowhttp://www.thenorrisgroup.com/

Bruce Norris is joined this week by Kaaren Hall.  Kaaren is the owner of uDirect IRA Services, a company that specializes in helping people understand what to do with their self-directed IRAs.  Kaaren utilizes her skill of mortgage banking, real estate, and property management to focus on this market and help others even in the midst of the recession that had gone by and collapsed the mortgage market.  Through her knowledge, she has educated tens of thousands on building wealth through IRAs and diversifying their investments. Bruce and Kaaren discuss different IRAs including ROTH, SEP, and traditional, how long IRAs have been in place, making contributions to your IRAs and when you can do business with them, the cutoff amounts for married and singles, groups of people allowed and disallowed from IRAs, and much, much more on this week's real estate radio show and podcast. Play Now http://www.thenorrisgroup.com/

Bruce Norris is joined this week by Bill Armstrong. Bill was the 2013 Treasurer of the National Association of Realtors, the largest trade organization of its type with about 1 million agents who are involved in both residential and commercial real estate. Bill has been a broker for over 30 years and is vice president of Macintosh Realtors in Frederick, Maryland. He is also involved in fundraising and has raised over $300,000 for adults and children with disabilities. He is also a father of three. Bruce and Bill discuss the residential mix in California, whether real estate development was hurt by a healthy stock market, uncertainty in the commercial market,the Terrorism Reauthorization Insurance Act, employment in 2014, full time and contract employees, the increase in construction costs, foreign investors, and much, much more on this week's real estate radio show and podcast. Play Now http://www.thenorrisgroup.com/

Bruce Norris is joined once again this week by Erik Hernandez.  Erik is the senior vice president with Lee and Associates.  He specializes in commercial real estate, his exact specialty being industrial real estate.  He specializes in land sales and development representation, landlord representation, and investment sales and analysis. Bruce and Erik discuss mezzanine financing, crowd funding and liquidity, the percentage of the market with lender-owned properties in both the industrial and office space, Auction.com and its affect on the commercial world, the price of land, foreign investors in the commercial space, and much, much more on this week's real estate radio show and podcast. Play Nowhttp://www.thenorrisgroup.com/

Bruce Norris is joined this week by Erik Hernandez.  Erik is the senior vice president with Lee and Associates.  He specializes in commercial real estate, his exact specialty being industrial real estate.  He specializes in land sales and development representation, landlord representation, and investment sales and analysis. Bruce and Erik discuss how different the market is today, the peak of the market before problems occurred, declining rents and their affect on the value of commercial real estate, the "blend and extend" method, the CMBS market and the resets occurring, the consolidation of different REO departments, the most expensive segment of real estate to build, the industrial market, cap rates, and much, much more on this week's real estate radio show and podcast. Play Nowhttp://www.thenorrisgroup.com/