Today’s News Synopsis:
Airbnb to house homeless students at SJSU. The Mortgage Bankers Association reported a 9.6% increase in mortgage applications from last week. A year after coming to Virginia, what effect has Amazon’s 2 headquarters had on home prices in Virginia?
In The News:
Redfin – “National Bidding War Rate Hit a 10-Year Low in October” (11-13-2019)
“Nationally, just 10 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in October, down from 39 percent a year earlier and now at a 10-year low.”
Mortgage Bankers Association – “Mortgage Applications Increase in Latest MBA Weekly Survey” (11-13-2019)
“Mortgage applications increased 9.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 8, 2019.”
MarketWatch – “One year later, here’s what Amazon’s HQ2 has done to home prices in Northern Virginia” (11-13-2019)
“It’s official: Northern Virginia has felt the Amazon effect. A year ago, Amazon AMZN, -0.87% announced its plans to build a pair of new headquarters as part of its so-called “HQ2” project: One in New York City, and another in Virginia.”
Realtor.com – “How to Remodel Your Kitchen in Three Days (Really!)” (11-13-2019)
“How long does a kitchen remodel take? On average, four to eight weeks—long enough to become sick to death of takeout food options in your area.”
“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report.”
Inman – “iBuying can be huge, even if it remains a niche industry tool” (11-13-2019)
“Mike DelPrete found that iBuyers’ business model differs from traditional home flippers. He also suggested iBuyers can profit from staying in their lanes.”
SF Gate – “Thanks, Amazon! Home Price in These Washington, DC, Areas Are Skyrocketing” (11-13-2019)
“A year after the tech company announced it will be opening a new headquarters in the area, home prices in nearby neighborhoods are exploding.”
Mercury News – “Airbnb to help house homeless SJSU students through new partnership” (11-13-2019)
“San Jose State University students without a place to sleep will soon be able to bunk in Airbnb rentals usually reserved for business executives.”
Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing with Pasadena FIBI on Thursday, November 21.
Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.
Bruce and Aaron Norris will be presenting their second Florida Buying Boot Camp on Thursday and Friday, March 19-20.
Do these jeans make me look fat? Said the sofa? What are the top ten scariest things a home inspector might find in your house? Amazon’s pick of Northern Virginia for their new headquarters received mixed reviews from different people in the real estate space.
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