Today’s News Synopsis:
The rise in iBuying is gaining steam. The Mortgage Bankers Association reported mortgage applications increased 3.8% from last week in their latest survey. Overall delinquency rates for September were their lowest in 20 years at 3.8%.
In The News:
National Association of Realtors – “Expect Continued Economic Growth, Slower Real Estate Price Gains and Small Chance for Recession in 2020, According to Group of Top Economists”
“A group of top economists arrived at a consensus 2020 economic and real estate forecast today at the National Association of Realtors®’ first-ever Real Estate Forecast Summit.”
Inman – “How 3D tech is ensuring accuracy and transparency in the transaction” (12-11-2019)
“A residential property was measured and photographed. The living room looked big enough to fit the new owner’s suite of antique furniture.”
Redfin – “iBuyers Bought More Than 4% of the Homes Sold in 4 Southern Markets Last Quarter” (12-11-2019)
“Raleigh, Phoenix, Charlotte, and Atlanta were the hotspots for iBuyer activity in the third quarter.”
Mortgage Bankers Association – “Mortgage Applications Increase in Latest MBA Weekly Survey” (12-11-2019)
“Mortgage applications increased 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 6, 2019.”
HousingWire – “Fed meeting will signal interest rate future” (12-11-2019)
“Wall Street expects the Federal Reserve will hold U.S. interest rates steady at its two-day meeting in Washington that ends on Wednesday.”
CoreLogic – “CoreLogic Reports U.S. Overall Delinquency Rate Lowest for a September in at Least 20 Years” (12-11-2019)
“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report.”
MarketWatch – “This new trend in house selling could cast a cloud over America’s property market” (12-11-2019)
“Planning to sell a home in Raleigh, N.C.? There’s a decent chance that an “iBuyer” will purchase it.”
Curbed – “LA requiring developers to put affordable housing on city-owned land” (12-11-2019)
“Starting January 1, new homes built on city-owned land will have to provide the most affordable units possible, a move that one local nonprofit calls a “necessary step” toward addressing the critical shortage of available housing for low-income Angelenos.”
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Prosperity Through Real Estate on Tuesday, January 7.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Robert Hall & Associates on Wednesday, January 8.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OCREIA on Thursday, January 9.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with CVREIA on Thursday, January 14.
Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.
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