Shopping Mall Owners Are Tired of the Industry Chatter

Today’s News Synopsis:

Mall CEO’s say retail apocalypse is exaggerated.  Do you believe them?  According to the latest Home Purchase Sentiment Index from Fannie Mae, there are much fewer Americans now than before who believe now is a good time to buy a home.  Low-down-payment purchase lending is at its highest in seven years according to Black Knight Financial’s latest Mortgage Monitor Report with 1.5 million borrowers having down payments lower than 10%.

In The News:

NAHB – “Housing Market Continues to Make Gains, Though Permits Fail to Keep Pace” (8-7-2017)

“In a further sign that the housing sector is continuing to gain momentum, nearly 300 markets nationwide posted an increase in economic and housing activity from the first quarter to the second quarter, according to the National Association of Home Builders/First American Leading Markets Index (LMI) released today.”

Real Estate Tech News – “‘X’ Marks the Spot: 5 Location-Centric Data Providers for CRE” (8-7-2017)

 Location matters for commercial real estate. Retailers want prime foot traffic for their money, while the modern office space seeks to be close to amenities, and industrial spaces should be close to transportation hubs.”

Realtor.com – “Forever Homes: The 10 Best Places in America to Age in Place” (8-7-2017)

“The math is inescapable: There are about 75 million baby boomers growing a little older every day.  They’re the largest generation ever to retire, whenever they get around to it.”

CNBC – “Stop with the retail apocalypse: Mall, shopping center landlords are tired of industry chatter” (8-7-2017)

“What retail apocalypse? That’s what some of America’s top commercial real estate CEOs are asking.”

Black Knight Financial Services – “Black Knight’s June Mortgage Monitor: Low-Down-Payment Purchase Lending at Seven-Year High” (8-7-2017)

“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 June 2017.”

Realtor.com – “What Is a Loggia?  Way Nicer Than a Porch or Patio-Here’s Why” (8-7-2017)

“What is a loggia? The Italian word for “lodge,” loggia is a covered space running along the length of a building similar to a porch, but with columns or arches on the open side.”

HousingWire“More Americans than ever say now is a bad time to buy a home” (8-7-2017)

“The number of Americans saying now is a bad time to buy a home reached an all-time high in July, pulling down the overall Home Purchase Sentiment Index released by Fannie Mae.”

Realtor.com – “10 States Facing the Most Foreclosures Right Now” (8-7-2017)

“This summer there’s some good news. June foreclosure activity has dropped to its lowest level since November 2015.”

 

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.

Bruce Norris will be presenting Cashing In On A Boom up in San Jose on Saturday, September 16.

 

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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