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.”
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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