Today’s News Synopsis:
Is your kitchen making you fat? Both foreclosure starts and sales were at their lowest since 2000 according to Black Knight with starts at 649,000 and sales at 232,000. Fitch ratings released their list of the top ten cities they expect to see home values rise. What cities could they be?
In The News:
Realtor.com – “Is Your Kitchen Making You Fat?” (2-5-2018)
“If you’re struggling to lose weight, it’s easy to beat yourself up for lacking the willpower to lay off the ice cream and bring on the kale. Sure, that may be part of it, but your kitchen may be to blame, too.”
Bloomberg – “Homebuilder Watch: Stock Slump Hits Day 10, Longest in 15 Years” (2-5-2018)
“Shares of U.S. homebuilders are now in their 10th straight day of decline, the longest losing streak for the sector since 2002, when it lasted 11 days. And this after performing four times as well as the broader market last year.”
Black Knight Financial Services – “Black Knight’s Mortgage Monitor: “Hurricane Effect” Aside, Mortgage Performance Continued to Improve in 2017″ (2-5-2018)
“Today, the Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its latest Mortgage Monitor Report, based on data as of the end of December 2017.”
Fannie Mae – “Fannie Mae Announces $100 Million Low-Income Housing Tax Credit Fund” (2-5-2018)
“Fannie Mae (FNMA/OTC) announced today it has closed on a $100 million low-income housing tax credit (LIHTC) fund as part of an ongoing effort to provide a reliable source of capital for affordable rental housing and underserved markets.”
The Real Deal – “Rent control push is spreading across US” (2-5-2018)
“Rent control, long the scourge of New York City landlords, is becoming more popular across the country.”
HousingWire – “Black Knight unveils end-to-end digital mortgage solution” (2-5-2018)
“Black Knight, which already facilitates much of the real estate transaction with its loan origination and servicing systems, is set to unveil an end-to-end digital mortgage solution that the company claims is well beyond all other eClosing or eMortgage platforms.”
National Mortgage Professional Magazine – “Foreclosure Starts, Completions at 17-Year Lows” (2-5-2018)
“A total of 649,000 foreclose starts and a total of 232,000 foreclosure sales took place in 2017, the lowest level in the 21st Century, according to new data from Black Knight Inc.”
MarketWatch – “Expect home values to rise in these 10 states” (2-5-2018)
“The housing market in the U.S. has experienced a major uptick over the past two years. In 2016, existing home sales were the strongest they’ve been since 2006.”
Hard Money Loan Closed
Palmdale, California hard money loan closed. Real estate investor received loan for $135,000 on this single family property appraised for $245,000.
Bruce Norris will be presenting Stay Put or Cash Out with OC FIBI on Tuesday, February 6.
Bruce Norris will be presenting Stay Put or Cash Out with the Arcadia Association of Realtors on Wednesday, February 7.
Bruce Norris will be presenting Stay Put or Cash Out with TIGAR on Thursday, February 15.
For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.