Norris Bruce
Dec 02, 2019

An Unexpected Lesson In Accepting Disruption

Today’s News Synopsis:

What can real estate learn from the hotel industry?  The National Association of Realtors reported a 1.7% decrease in pending home sales in October.  In a follow-up to last week’s story of the “Silver Tsunami,” which housing markets will be impacted the most.

In The News:

ATTOM Data Solutions “Top 10 U.S. States Where Homebuyers Are Most Likely Thankful They Bought During the Winter” (12-2-2019)

“According to ATTOM Data Solutions’ annual analysis of the best time to buy a home issued this week, winter is the best time to buy given the discounts homebuyers are realizing below estimated market value during the winter months.”

Apartment Therapy “How Tulsa, Oklahoma Created a “Living Room” for the Entire City” (12-2-2019)

“The Gathering Place, a sprawling riverside park in Tulsa, Oklahoma, functions a lot like the city’s backyard. A free, public outdoor destination along the Arkansas River, the 66-acre space is equipped with towering playgrounds, a picturesque boathouse decked out with canoes and paddle boats, and a dining area overlooking the pond.”

National Association of Realtors “Pending Home Sales Decline 1.7% in October” (12-2-2019)

“Pending home sales retreated in October, taking a slight step back after two prior months of increases, according to the National Association of Realtors.”

Inman “In 2020, what can real estate learn from the hotel industry?” (12-2-2019)

“Hospitality provides an unexpected lesson in accepting disruption.”

Wall Street Journal “Highways Give Way to Homes as Cities Rebuild” (12-2-2019)

“On South Union Street, workers are putting the finishing touches on a new luxury apartment building. Nearby, a museum plans an expansion and new parking garage.”

SF Gate “Everything You Need to Know About Relocating With a Portable Moving Container” (12-2-2019)

“A portable moving and storage container can make your move less stressful, but be sure to follow these tips for maximum success.”

Orange County Register “Housing shortage: Southern California listings plunge 20% as new escrows surge” (12-2-2019)

“Bad news for Southern California house hunters: There are one-fifth fewer existing homes for sale.”

MarketWatch “These housing markets will feel the biggest impact from the ‘Silver Tsunami'” (12-2-2019)

“The U.S. housing market will soon see a “Silver Tsunami.”  As baby boomers reach their golden years, a growing number of homeowners across the country will pass away.”

 

California Real Estate Investor Events

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with SDCIA on Tuesday, December 10.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Robert Hall & Associates on Wednesday, January 8.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OCREIA on Thursday, January 9.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with CVREIA on Thursday, January 14.

Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.

 

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