Norris Bruce
Jun 12, 2018

All Real!

Today’s News Synopsis:

Check out these crazy listing pictures.  Delinquency rates are at an 11-year low according to the latest Loan Performance Insight Report from CoreLogic.  What is the most popular thing people are wanting to remodel in their homes lately?

In The News:

Family Handyman – “The 30 Most Ridiculous Real Estate Listing Photos” (6-12-2018)

“These photos will make you reconsider how you market your house.”

CoreLogic – “CoreLogic March Loan Performance Insights Finds Lower Delinquency Rates in 11 Years” (6-12-2018)

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

Builder Online “Millennial Magnets: 2018 Grad Heat Maps” (6-12-2018)

“World trade discord, and its threat to prices of goods needed to build already spec’ed and sold and forecast homes, has clawed its way to the top of a wall of worry for builders these days, even as other supply capacity concerns–smooth access to skilled trades, among them–remain a high risk.”

Fannie Mae – “Reported Mortgage Demand Falls to Three-Year Low, Fueling Lenders’ Negative Profit Margin Outlook” (6-12-2018)

“Mortgage lenders reported a net negative profit margin outlook for the seventh consecutive quarter, as rising home prices and tight housing supply continue to put a squeeze on mortgage demand, according to Fannie Mae’s Q2 2018 Mortgage Lender Sentiment Survey.”

Realtor.com – “You’ll Never Guess the Hottest Remodel of 2018” (6-12-2018)

“The hottest remodeling jobs of the year aren’t all about installing new kitchen cabinets or countertops, putting an eye-catching backsplash above the stove, or adding a sleek yet functional kitchen island. Instead, 2018 is all about the john.”

Mortgage Bankers Association – “MBA Research Releases Report on Current Trends in Commercial and Multifamily Mortgage Financing” (6-12-2018)

“Mortgage Bankers Association (MBA) Research today released a market overview highlighting the current trends in Commercial/Multifamily real estate finance.”

Money – “Poverty Is Rising Faster in U.S. Suburbs Than in Cities.  Here’s How I Believe We Could Fix It” (6-12-2018)

“In the US, the geography of poverty is shifting.  According to a May report from the Pew Research Center, since 2000, suburban counties have experienced sharper increases in poverty than urban or rural counties.”

Reno Gazette Journal – “Washoe, Clark switch places as Nevada tops nation for folks looking make a move” (6-12-2018)

“There’s a whole lotta movin’ going on in Nevada.  The Silver State ranked No. 1 among all states for its rate of people looking to make a move, either in-state or from out-of-state, according to national real estate analytics company ATTOM Data Solutions.”

 

Hard Money Loan Closed

Hemet, California hard money loan closed. Real estate investor received a loan for $63,000,000 on this single family property.

Hemet Hard Money Loan

 

Bruce Norris will be speaking at the NSDREI 14th Anniversary Dinner Party on Tuesday, June 19.

Bruce Norris will be speaking at the Stay Put or Cash Out with LA South REIA on Monday, July 9.

Bruce Norris will be speaking at the ThinkRealty Irvine Conference & Expo on Saturday, July 14.

 

Looking Back:

Realtor.com’s latest list showed the best cities to live depending on whether you are a morning or night person.  There were specific home decor items that homeowners liked to share the most about on Instagram, and Realtor.com told you where to find them.  Coastal areas along the United States were becoming more popular destinations to build new developments.

 

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The Norris Group

Phone: (951) 780-5856

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Riverside, CA 92507

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