Norris Bruce
Jul 09, 2019

Can You Match The Demand To The Supply? Apparently Not In This Market

Today’s News Synopsis:

The biggest thing pushing buyers out of the market is an uneven match between housing supply and buyer demand.  The amount of mortgage credit available increased last month by 0.2% to 189.8.  Meanwhile, CoreLogic reported delinquency rates were at their lowest in 20 years as of April.

In The News:

Inman “Wither the buyer’s agent?  Why the job is under threat” (7-9-2019)

“At a panel hosted by the National Association of Real Estate Editors, insiders agreed the future of buyer’s agents is uncertain, due to legal scrutiny and technology.”

Realtor.com “The Housing Slowdown May Be Ending: What Buyers, Sellers Need to Know” (7-9-2019)

“The much discussed—and, in some quarters, much feared—housing slowdown may be coming to an end.”

McKnight’s Senior Living “Senior living, aging to have big impact on real estate, executives say” (7-9-2019)

“Senior living will be one of the most active areas for real estate transactions this year, predict participants in a recent study by U.S. law firm Akerman LLP.”

CoreLogic “CoreLogic Reports Lowest Overall Delinquency Rate in More Than 20 Years This April” (7-9-2019)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report.”

DS News “Homeownership at the Center of How Americans Save” (7-9-2019)

“Homeownership goals dictate the financial choices made by Americans, according to a new Wells Fargo survey.”

Wall Street Journal “Real-Estate Companies Amass Cheaper – but Riskier – Short-Term Debt” (7-9-2019)

“More publicly-listed real-estate companies are taking on short-term debt, assuming additional risk to reduce their borrowing costs.”

HousingWire “Housing supply and buyer demand mismatch is pushing buyers out of the market” (7-9-2019)

“In June, the average American home listing price hit a high of $316,000, according to Realtor.com’s Housing Trend Report.”

Mortgage Bankers Association – “Mortgage Credit Availability Increased in June” (7-9-2019)

“Mortgage credit availability increased in June 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.”

 

California Real Estate Investor Events

Aaron Norris will be presenting Innovative Real Estate Marketing with LA South REIA on Wednesday, July 10.

Bruce Norris will be speaking at the ThinkRealty Irvine Conference & Expo on Saturday, July 13.

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with InvestClub on Wednesday, August 21.

 

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