Could We Begin To See An Increase in Commercial Real Estate on Wheels?

Today’s News Synopsis:

Could we be seeing an increase in commercial real estate on wheels with the increase in mobile retail stores?  Black Knight Financial Service’s latest data showed a 16% decrease in the number of underwater borrowers.  Realtor.com’s latest list showed the best places to live if you want to live by a lake.

In The News:

Tech Crunch “With autonomy, commercial real-estate could go mobile” (7-10-2017)

“The coming years could see the next great land rush across the US and many other countries worldwide, but it might not even involve land.”

Bloomberg – “The Big Downgrade That Fueled the Subprime Crash” (7-10-2017)

“A growing number of investors like Eisman had been betting on a crash as overdue home loans rose. But up to that point, much of the world was still putting its faith in the safe-as-Treasuries ratings that had been awarded to the bonds, which helped bankroll $445 billion of risky mortgages in 2006 alone.”

Black Knight Financial Services – “Black Knight’s May Mortgage Monitor: Underwater Borrower Population Below Two Million for First Time Since 2006”
(7-10-2017)

“Today, the Data and Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Mortgage Monitor Report, based on data as of the end of May 2017.”

Bloomberg – “CFPB Issues Rule Making It Easier for Consumers to Sue Banks” (7-10-2017)

“The U.S. Consumer Financial Protection Bureau is making it easier for customers to sue banks, a move sure to rile Wall Street and congressional Republicans.”

Mercury News – “Bay Area real estate: One square foot is worth a month’s rent” (7-10-2017)

“Oh, the pain, the pain — and the cost, the cost — of renting a Bay Area apartment.  A luxury condo sold last month in San Francisco’s Russian Hill neighborhood for $4.35 million.”

Realtor.com – “Ready, Set, Splash: The Top 10 Lake Towns in America” (7-10-2017)

“Are you an ocean person or a lake person? During most of the year, this would qualify as little more than idle chit-chat, but not in the most ferocious dog days of summer.”

Bloomberg “Hedge-Fund Manager Crispin Odey Says It’s Now More Likely the Market Will Crash” (7-10-2017)

“Crispin Odey, who made money for a second straight month by sticking to bearish equity bets, said the chance of a market crash is rising as growth slows and the Federal Reserve normalizes interest rates.”

 

Bruce Norris will be speaking at An Intimate Evening with Bruce Norris at Prosperity Through Real Estate on Tuesday, July 11.

Bruce Norris will be presenting his latest talk 10 Life-Changing Days of a Real Estate Investor with InvestClub for Women on Wednesday, August 16.

Bruce Norris will be presenting his latest talk 10 Life-Changing Days of a Real Estate Investor with SJREI on Thursday, September 14.

For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

 

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