Norris Bruce
May 14, 2018

10 Things To Look For In A Fixer Upper

Today’s News Synopsis:

Steal or bad deal?  Texas remained on top in 2017 as the number one growth state in the country according to a migration trends report from U-Haul.  Realtor.com’s latest list showed the top cities where recent college grads (and everyone else for that matter) may actually be able to afford to live.

In The News:

U-Haul – “U-Haul Growth States: Texas Remained No. 1 in 2017” (5-14-2018)

“Texas continued its reign as America’s No. 1 Growth State during 2017, according to U-Haul data analyzing the past year’s U.S. migration trends.”

CNBC“This start-up aims to help almost any homebuyer make an all-cash bid” (5-14-2018)

“Cash is king in today’s ultra-competitive housing market, where demand from both investors and owner-occupants far outpaces supply. Sellers would much rather close a deal quickly, without the time and risk of a buyer’s loan financing.”

Mortgage Bankers Association – “MBA Releases Disaster Recovery Guide” (5-14-2018)

“The Mortgage Bankers Association (MBA) today released a new consumer-facing information brochure, Disaster Recovery: A Resource for Homeowners, available for use by all MBA members, counseling groups, government agencies, and any other group that offers assistance and advice to homeowners in the aftermath of a natural disaster.”

Bloomberg – “Consumers Skip More High-Rate Auto Payments Than During Crisis” (5-14-2018)

“Borrowers in the U.S. are defaulting on subprime auto loans at a higher rate than during the financial crisis, according to Fitch Ratings.”

Realtor.com – “The Best Affordable College Towns for Recent Grads – and Everyone Else” (5-14-2018)

“It’s the classic collegiate circle of life. You prep, you study, and then you just flat-out pray you’ll get into the school of your choice.”

WRAL “Buying or selling?  Real estate apps help users get into housing market” (5-14-2018)

“A lot of people are buying and selling homes in the Triangle, but if you’re entering the housing market, there are a few apps that could give you an advantage.”

Coastal Living“10 Things to Look for in a Fixer Upper” (5-14-2018)

“Real estate site Zillow recently reported that the average fixer-uppers are listed at a mere eight percent less than market value, making the ideal fixer-uppers one that call for cosmetic improvements rather than expensive structural work.”

Realestate.com.au – “Young and old alike chasing a home without stairs” (5-14-2018)

“YOUNG families and older buyers are forgoing a view and a steep block for a practical level floorplan and easy living.”

 

Bruce Norris will be speaking at the 2018 AOA Million Dollar Trade Show and LandLording Conference on Tuesday, May 15.

Bruce Norris will be giving his latest Market Update with the Riverside County Escrow Association Tuesday, May 15.

Bruce Norris will be presenting Stay Put or Cash Out with Homevestors Wednesday, May 23.

 

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