Consumer Confidence in Housing Hits All-Time High
Borrowers rush to beat rising rates, pushing mortgage volume 3.3% higher
U.S. Home Flipping Increases 3 Percent in 2016 to a 10-Year High
Mortgage Rates Hit 2017 High
Millennials drive housing confidence higher, despite red-hot prices
Guess Which Generation Is Making the Biggest Comeback in Real Estate
Airbnb just closed a $1 billion round and became profitable in 2016
Danny Gokey’s real estate side job
Today’s News Synopsis:
Aaron Norris of the Norris Group gives this week’s Norris Group real estate headline roundup. Trump’s first month in office saw an increase in jobs, including a gain of 235,000 in payrolls. Now people are wondering what his plans are for Fannie Mae and Freddie Mac. A report from the Harvard Joint Center for Housing Studies showed rents are high in areas outside of America as well, including Canada and Spain.
In The News:
Mansion Global – “Real Estate Consultants Are Among the Key Experts in New Developments” (3-10-2017)
“Behind every new residential project, there are a number of key players: the developer; the architect; the interior designer; the sales team; and, depending on how high-profile the project, others, like an A-list restaurateur and luxury concierge.”
Bloomberg – “U.S. Jobs, Pay Show Solid Gains in Trump’s First Full Month” (3-10-2017)
“U.S. employers added jobs at an above-average pace for a second month on outsized gains in construction and manufacturing while wage growth picked up, as the labor market continued its steady improvement in the new year.”
Deutsche Welle – “Berlin real estate boom prompts tenants’ protests” (3-10-2017)
“In Berlin big real estate investment companies are facing ever more backlash from locals who fear higher rents or being pushed out of the city center.”
The New York Times – “Trump’s Plan on Fannie and Freddie? Clues May Emerge Soon” (3-10-2017)
“Fixing Fannie Mae and Freddie Mac, the mortgage finance giants that still operate under government supervision, is nowhere near the top of the Trump administration’s to-do list.”
Bloomberg – “It’s Not Just America – the Rent Is High Everywhere” (3-10-2017)
“The make-up of a country’s housing market is decided by a wide variety of factors, including history, culture, and financial regulation. In the Netherlands, for instance, roughly 30 percent of housing stock is owned by nonprofit cooperatives, while the hallmark of a U.S. home and the erstwhile American Dream is the 30-year mortgage.”
The Real Deal – “WATCH: Real Estate is having a Napster moment” (3-10-2017)
“On March 9, The Real Deal celebrated the official launch of our new real estate and research division, TRData, with a Big Data + Real Estate Forum in Midtown Manhattan.”
Bruce Norris will be speaking at 10 Life-Changing Days of a Real Estate Investor with LA South REIA on Monday, April 10.
Bruce Norris will be speaking at 10 Life-Changing Days of a Real Estate Investor with Pasadena FIBI on Thursday, April 20.
Bruce Norris will be speaking at the AOA “Million Dollar” Trade Show & Landlording Conference in Long Beach on Wednesday, May 24.
Mortgage rates were down low enough for the spring, below their peak at this time the previous year with 30-year rates at 3.68% and 15-year rates at 2.96%. The Mortgage Bankers Association reported a 24% increase in new home purchase applications the previous month. The latest STACR transaction by Freddie Mac totalled $475 million.
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.
Tags: Aaron Norris, Berlin real estate, bruce norris, fannie mae, freddie mac, hard money, Hard money lender, interest rate, Norris Group Real Estate Headline Roundup, private money, real estate investing, the norris group, trust deeds