Norris Bruce
Jun 11, 2019

But Barn Doors Are So Cool!

Today’s News Synopsis:

Home trends you may regret in 20 years.  The amount of mortgage credit available increased last month according to the Mortgage Bankers Association.  Foreclosures saw their lowest rate in 20 years in March according to CoreLogic.

In The News:

Mortgage Bankers Association “Mortgage Credit Availability Increased in May” (6-11-2019)

“Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.”

Redfin – “More Homebuyers are Having Success with Contingent Offers, Even as the Market Heats Back Up” (6-11-2019)

“Although the housing market is beginning to heat back up this spring, fewer buyers waived financing and inspection contingencies in May than a year earlier.”

CoreLogic “CoreLogic Reports Lowest U.S. Foreclosure Rate for a March in at Least 20 Years; Overall and Serious Delinquency Rates for March at 13 Year Lows”
(6-11-2019)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report.”

DS News “How Best to ‘Age in Place'” (6-11-2019)

“Several recent surveys have found that Americans prefer to age in place, but that may also come with some trade-offs. A new study by the Urban Institute tracks some of the ways to help seniors age in place.”

Mortgage Bankers Association “Commercial/Multifamily Mortgage Debt Reaches Nearly $3.5 Trillion in the First Quarter of 2019” (6-11-2019)

“The level of commercial/multifamily mortgage debt outstanding rose by $45.4 billion (1.3 percent) in the first quarter of 2019, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.”

Los Angeles Magazine – “In 1979 a Hit Song Made This Future L.A. Real Estate Agent a Pop Culture Icon” (6-11-2019)

“She is one of the rare people who is internationally recognized solely by her first name, yet still maintains the anonymity most A-listers would kill for after another day dodging paparazzi.”

Realtor Magazine “The Home Trends You May Regret in 20 Years” (6-11-2019)

“Home trends come and go, but which are most prime for falling out of favor? Apartment Therapy recently took a look at the unfiltered opinions of some 2,400 posts to a question on Reddit about home trends that people will most likely regret in 20 years.”

Realtor.com “Alfresco Favorites: The Hottest Outdoor Kitchen Trends of 2019” (6-11-2019)

“For homeowners with ample backyard space and a steady supply of friends and family who want to come by and hang out, building an outdoor kitchen is a no-brainer.”

 

California Real Estate Investor Events

Aaron Norris will be moderating the ADU Panel for SDCIA TONIGHT.

Bruce Norris will be speaking at the Southern California Appraisal Institute’s 22nd Annual Inland Empire Market Trends on Thursday, June 13.

Bruce and Aaron Norris will be speaking at the NSDREI 15th Anniversary Dinner Party on Tuesday, June 18.

 

Looking Back:

Book-end generations benefiting from multigenerational living.  The housing market was starting to see more and more of the younger millennials buying their first home.  For almost $1 million, you could be the proud owner of an entire ghost town for sale in the Inyo Mountains.

 

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