2 New Speedy Programs; Offerpad Instant Own and Offerpad Buyer Boost

Today’s News Synopsis:

Offerpad wants to get buyers in a new house in 24 hours.  Where are the top ten cities where those in the tech industry can afford to live?  Which counties have the worst foreclosure rates for August?

In The News:

Inman “Offerpad wants to get buyers in a new house in 24 hours” (9-16-2019)

“The iBuyer is piloting 2 new programs to help consumers expedite the closing process and empower them with all-cash offers.”

Mortgage Bankers Association “MBA Survey: Life Insurance Companies Could Fund an Additional $10 Billion in Multifamily Lending in 2020” (9-16-2019)

“Life companies indicate they can hold $50-$120 billion in multifamily loans over the next five years.”

Realtor.com “Silicon Valley Is Over!  Top 10 Cities Where Techies Can Actually Afford to Live” (9-16-2019)

“Back in his mid-20s, John Malone was right where he’d always dreamed he would be: working as a software engineer in San Francisco. Yet even with a full-time job, Malone found himself ‘totally broke.'”

HousingWire “Trump’s housing-finance plan aims to curb GSE lending in areas with rent control” (9-16-2019)

“Buckle your seatbelts, California. You may be in for another showdown with the Trump administration. You too, New York and Oregon.”

ATTOM Data Solutions “Top 10 U.S. Counties with Worst Foreclosure Rates in August 2019” (9-16-2019)

“ATTOM Data Solutions just released its August 2019 foreclosure data analysis revealing 53,007 U.S. properties receiving a foreclosure filing in August, is up 4 percent from July 2019 but down 24 percent from a year ago.”

Apartment Therapy “8 Wall Colors That Will Always Be in Style” (9-16-2019)

“When it comes to picking a wall color for your home, the sheer number of paint options can be daunting.”

Sacramento Bee “San Franciscans are fascinated by Sacramento real estate.  Is that why prices are skyrocketing?” (9-16-2019)

“Sacramento’s rising rents are among the highest in the country, and housing costs are above the national average.”

Forbes – “It’s Time To Rethink The Lockbox” (9-16-2019)

“If you’ve ever been house hunting, chances are you’ve encountered a lockbox.”


California Real Estate Investor Events

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with the BIEREIC on Wednesday, September 18.

The Norris Group will be presenting its 12th annual award-winning black-tie event I Survived Real Estate 2019 on Friday, September 27.

The Norris Group will be presenting its 9th annual Cutting-Edge Financial Tactics Brunch on Saturday, October 19.


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