Today’s News Synopsis:
Real Estate Investors are teaming up. The National Association of Realtors reported home prices increased 5.3% in the fourth quarter, while almost two-thirds of housing markets are at their highest ever. Why is it better to invest in real estate over stocks? You may find the answer interesting.
In The News:
Realtor.com – “Small-Time Real Estate Investors Team Up for Big-Time Profits” (2-13-2018)
“Real estate investor Maureen Wiener usually goes it alone when buying, renovating, and reselling homes in northern New Jersey.”
CoreLogic – “Early-Stage Mortgage Delinquencies Dip Again in November as Hurricanes’ Impact Wanes” (2-13-2018)
“CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 5.1 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in November 2017.”
Fannie Mae – “Fannie Mae Announces Sale of Non-Performing Loans” (2-13-2018)
“Fannie Mae (FNMA/OTC) today announced its latest sale of non-performing loans, including the company’s eleventh and twelfth Community Impact Pools.”
National Association of Realtors – “Fourth Quarter Home Prices Up 5.3 Percent; Nearly Two-Thirds of Markets at All-Time High” (2-13-2018)
“An uptick in existing-home sales in the final three months of 2017 pulled down housing inventory to an all-time low and kept home-price growth at its recent robust pace, according to the latest quarterly report by the National Association of REALTORS.”
Coindesk – “Real Estate ICOs Are Moving In, But Investors Aren’t Floored” (2-13-2018)
“A house on a blockchain? That’s the future a number of initial coin offering (ICO) issuers envision, one in which tokenized pieces of the property could be tracked and traded via a shared database.”
Inman – “3 ways to save money in your real estate business” (2-13-2018)
“Saving money is critical to your ability to expand your business and achieve your life’s goals, especially in real estate. Whether it’s taking on more clients, starting a team or expanding the one you already have, cutting costs will help you grow your real estate business.”
Arabian Business – “Dubai Bitcoin apartments now sold out” (2-13-2018)
“Fifty luxury apartments in Dubai with a price tag in Bitcoin have now been sold, according to the UK-based development team behind them.”
Investopedia – “Reasons to Invest in Real Estate Versus Stocks” (2-13-2018)
“Whether it’s planning for retirement, saving for a college fund or earning residual income, many individuals consider turning to the stock market first when it comes to investing.”
Hard Money Loan Closed
Desert Hot Springs, California hard money loan closed. Real estate investor received loan for $180,000 on this single family property appraised for $290,000.
Bruce Norris will be presenting Stay Put or Cash Out with TIGAR on Thursday, February 15.
Bruce Norris will be speaking at the 2018 Real Estate Market Forecast in Ontario, California on Wednesday, March 7.
Bruce Norris will be presenting Stay Put or Cash Out with NorcalREIA on Wednesday, March 14.
Realtor.com released their list of the top suburban areas in America. A house that remained on the market, still waiting for an owner, was the former home of Lou Gerhrig, which he originally bought as a fixer-upper. A new chief economist, Mark Calabria, was just hired by Vice President Mike Pence.
For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.