Today’s News Synopsis:
Homebuyers are expecting a recession by 2022? The Mortgage Bankers Association reported mortgage applications decreased 6.2% from last week in their latest Mortgage Applications Survey. Pending a shift in the market, will iBuyers be ready?
In The News:
HousingWire – “What does an inverted yield curve really mean for housing, U.S. economy” (8-28-2019)
“The U.S. is currently seeing an inverted yield curve, a sign which many say points to the inevitability of a recession.”
Realtor.com – “7 Important Home Repairs to Do Right After Moving Out” (8-28-2019)
“Congratulations: You’re moving out, and on to your next home! Now all you have to do is pack up your things and skedaddle, right?”
“The combination of rising home prices and falling mortgage rates has U.S. homeowners sitting on a veritable fortune in home equity.”
Mortgage Bankers Association – “Mortgage Applications Decrease in Latest MBA Weekly Survey” (8-28-2019)
“Mortgage applications decreased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 23, 2019.”
Inman – “Can iBuyers survive a market shift?” (8-28-2019)
“Rather than bemoaning their existence and looking for ways they will fail — learn, leverage, and grow your business.”
NAHB Now – “Why a “Ban” on Single-Family Zoning Could Be a Good Thing” (8-28-2019)
“Recently, the state of Oregon has moved to use the power of policy to influence housing affordability, diversity, and flexibility.”
Hospitality Net – “10 Powerful Ways to Use Instagram for Real Estate Marketing” (8-28-2019)
“Real estate and Instagram are a match made in marketing heaven.”
Yahoo Finance – “Homebuyers think a recession will hit by 2022: survey” (8-28-2019)
“Homebuyers expect the next recession to hit by 2022, according to a new survey. About 75% of active homebuyers surveyed by Toluna Research on behalf of Realtor.com said they expect the recession to begin by 2022 — 36% think it will begin next year.”
Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with SDIC on Thursday, September 5.
Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with SJREI on Thursday, September 12.
Bruce Norris will be presenting Cashing In On A Boom: Creating Value In A Tight Market on Saturday, September 14.
Home sales were slowing, but not for first-time homebuyers. The latest Home Price Expectations Survey from Zillow showed experts expected the U.S. to become a buyers market by 2020. Home price gains were slower according to the latest S&P/Case-Shiller Index, having increased only 0.3% seasonally and up 6.2% year-over-year in June.
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