Norris Bruce
Dec 11, 2019

Critics Say It Will Cloud America’s Property Market

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”
(12-11-2019)

“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 earlieraccording 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.”

 

California Real Estate Investor Events

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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