Norris Bruce
Nov 12, 2019

Boomers Upsizing in Retirement

Today’s News Synopsis:

Forget aging in place.  Which housing markets have the highest share of seriously underwater properties?  The amount of mortgage credit availability increased in October by 0.9% to 185.1.

In The News:

ATTOM Data Solutions “Top 10 Housing Markets with Highest Share of Properties Seriously Underwater” (11-12-2019)

“ATTOM Data Solutions’ new Q3 2019 U.S. Home Equity and Underwater Report issued this week revealed that homeowners were found far more likely to be equity rich than seriously underwater.”

CNBC “Warehouse leasing plummets – because there’s so little new space to lease” (11-12-2019)

“Warehouse tenants soaked up about 41 million square feet of space in the third quarter of this year, a 23% drop from the previous quarter and less than half as much as a year ago, according to a new report from Transwestern.”

Mortgage Bankers Association “Mortgage Credit Availability Increased in October” (11-12-2019)

“Mortgage credit availability increased in October according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.”

HousingWire “Millennials continue to outpace older generations in homebuying” (11-12-2019)

“Continuing a trend that stretches back to one year ago, Millennials are still dominating the homebuying landscape, taking on more mortgages than previous generations.”

Redfin “Income Gains and Rent Increases Follow Rail Transit” (11-12-2019)

“Improving transit access to a neighborhood does not lead to a significant decrease in minority populations, even as incomes and rents rise faster than similar neighborhoods without convenient transit.”

Curbed “Do iBuyers really make ‘fair’ offers on homes?” (11-12-2019)

“The perception is that iBuyers make low-ball offers, but a new study suggests otherwise.”

The Mercury News “The National Association of Realtors votes to ban ‘pocket listings'” (11-12-2019)

“The National Association of Realtors voted Monday, Nov. 11, to ban “pocket listings,” requiring brokers and agents to input homes into Realtor-run listing services within one business day after publicly marketing them.”

MarketWatch “Upsize in retirement?  Some boomers are moving into bigger homes” (11-12-2019)

“The Brods’ spacious ranch on a quiet cul-de-sac is part of a vibrant 55-and-up community which has given them a chance to make new friends and embrace a range of activities there.”

 

California Real Estate Investor Events

Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing with Coachella Valley REIA TONIGHT.

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.

 

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