Norris Bruce
Jan 09, 2019

3D Printed House In 30 Hours???

Today’s News Synopsis:

Is 2019 the year of the 3D printed house?  The Mortgage Bankers Association reported mortgage applications increased this week by 23.5% after having seen declines previously.  According to a new report from RealEstate.com, those who were able to buy a home for the first time earned $30,000 more than their friends who could not afford one.

In The News:

MarketWatch – “Real-estate agents say government shutdown is impacting the housing market” (1-9-2019)

“A new study from the nation’s leading real-estate agent advocacy group shows how the partial federal government shutdown is curbing economic activity.

Bloomberg “First-and Second-Home Buyers Can Expect Discounts in 2019” (1-9-2019)

“The luxury real estate market in 2018 wasn’t great for many people. Sellers in cities as far apart as London, Los Angeles, and New York found themselves facing daunting macro- and microeconomic headwinds, while buyers, on the other hand, had to contend with overpriced stock and rising interest rates—and taxes.”

Curbed “Can this startup 3D-print a home in 30 hours?” (1-9-2019)

“A group of friends on the south shore of Long Island, New York, working under the name S-Squared, think they can revolutionize the way that homes are built, using a self-made 3D printing rig that they claim can lay down a home in a little more than 30 hours.”

Mortgage Bankers Association – “Mortgage Applications Rebound in Latest MBA Weekly Survey” (1-9-2019)

“Mortgage applications increased 23.5 percent from one week earlieraccording to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 4, 2019.”

ThinkRealty – “Experts Weigh in on U.S. Shifting to A Buyer’s Market” (1-9-2019)

“A rise in mortgage rates and slower appreciation growth is shifting more negotiating power to buyers in 2019.  Home values moved 5.1 percent higher in November when compared to November 2017, according to CoreLogic. Appreciation growth, however, is starting to dip from its 5.4 percent annual gain in October, and is expected to drop to 4.8 percent growth in home values by November 2019, CoreLogic said.”

Zillow – “First-Time Buyers Earn $30,000 More Than Their Peers Who Didn’t Buy a Home” (1-9-2019)

“For buyers entering the housing market for the first time, the median household income isn’t enough, according to a new RealEstate.com report.”

National Mortgage News – “Prepayment activity hits 10-year low as mortgage refinancing decreases” (1-9-2019)

“Continual declines in the refinance share of mortgage originations led to prepay rates dropping to their lowest levels since 2009, according to Black Knight.”

Realtor.com – “4 Types of Clutter: How Many Are You Hanging Onto?” (1-9-2019)

“We all have clutter, but do you know what type of clutter you have?  I confess I’m hanging onto a bunch of plastic tubs filled with teaching supplies: arts and crafts materials, books, office supplies, lesson plans, and more. I gave up teaching long ago, but somehow I can’t seem to let go of these items.”

 

 

California Real Estate Investor Events

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with OCREIA on Thursday, January 17.

Bruce Norris will be presenting his newest market timing report California Real Estate: On Borrowed Time on Saturday, January 26.

Aaron Norris will be presenting Technology Trends and Effects on Real Estate at IVAR on Wednesday, February 6.

 

Looking Back:

Are you house poor?  The two big cities that topped the list for the hottest housing markets for 2018 were San Jose and Raleigh.  Early-state mortgage delinquencies increased in the wake of the past hurricane season according to CoreLogic.

 

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