Norris Bruce
Sep 11, 2019

Artificial Intelligence May Have Something To Do With It

Today’s News Synopsis:

Buying and selling a home could soon be as easy as trading stocks.  The Mortgage Bankers Association reported a 2% increase in mortgage applications from last week.  Mortgage fraud risk decreased by 11.4% year-over-year in the second quarter according to CoreLogic.

In The News:

Mortgage Bankers Association “Mortgage Applications Increase in Latest MBA Weekly Survey” (9-11-2019)

“Mortgage applications increased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 6, 2019.” “Will They Dig It?  How to Keep Your Oh-So-Perfect Landscaping From Scaring Off Buyers” (9-11-2019)

“For many buyers, a beautifully landscaped yard with show-stopping curb appeal can seal the deal. After all, who doesn’t want cascading blooms, immaculately trimmed shrubbery, and a carpet of emerald sod with their new home?”

DS News “House Passes New Housing Bills” (9-11-2019)

“The U.S. House of Representatives passed five bills offered by House Financial Services Committee Members on Tuesday, three of which are directly housing-related.”

Wall Street Journal – “Families Go Deep in Debt to Stay in the Middle Class” (9-11-2019)

“The American middle class is falling deeper into debt to maintain a middle-class lifestyle.  Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick.”

CoreLogic “CoreLogic Reports an 11.4% Year-Over-Year Decrease in Mortgage Fraud Risk in the Second Quarter of 2019” (9-11-2019)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics, and data-enabled solutions provider, today released its latest Mortgage Fraud Report.”

HousingWire “Help prospective homebuyers leave renting behind – partner with a mortgage broker” (9-11-2019)

“Potential buyers interested in making the switch from renting to buying a home often hesitate due to worries of more costly monthly payments or having to be ready with a big down payment.”

MarketWatch “How buying and selling a home could soon be as simple as trading stocks” (9-11-2019)

“Artificial intelligence in housing could completely change the way we buy, sell and live.”

Bankrate “Survey: Nearly half of millennials cite living costs as a key barrier to homeownership” (9-11-2019)

“In housing markets across the country, rapid home-price growth and low inventories of affordable housing make it harder for prospective homebuyers to get their foot in the door.”


California Real Estate Investor Events

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with SJREI on Thursday, September 12.

Bruce Norris will be presenting Cashing In On A Boom: Creating Value In A Tight Market on Saturday, September 14.

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with the BIEREIC on Wednesday, September 18.


Looking Back:

What were some unexpected ways the financial crisis changed the world?  The amount of mortgage credit available decreased the previous month by 0.3% according to the Mortgage Bankers Association.  In a follow-up to ATTOM Data Solutions’ report on home flipping, they released the best neighborhoods for flipping that house.


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