Downsizing Could Be a Hard Change to Make

Today’s News Synopsis:

What are the best tips for buyers who are downsizing?  The Mortgage Bankers Association reported mortgage applications increased 5% from last week. What really comes with buying a home by a cemetery?

In The News:

Realtor.com “Grave Mistake?  The Truth About Buying a Home Near a Cemetery” (2-5-2020)

“Whether or not you believe in ghosts, there’s no denying that a cemetery is a spooky place—especially after dark.”

NAHB Now “Final Opportunity Zone Regulations Provide Clarity but Add Complexity” (2-5-2020)

“In late December, the Treasury Department and Internal Revenue Service (IRS) released the final regulations on investing in qualified opportunity funds (QOFs), which clarify many key issues regarding investments in opportunity zones and how to qualify for the associated tax benefits.”

Mortgage Bankers Association “Mortgage Applications Increase in Latest MBA Weekly Survey” (2-5-2020)

“Mortgage applications increased 5.0 percent from one week earlieraccording to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 31, 2020.”

NBC Los Angeles “Forecasters Remain Bullish on California Real Estate” (2-5-2020)

“Although the economy is predicted to slow in 2020, developers’ views on most California commercial real estate in 2022 are optimistic, and they reflect an eagerness to get in on the ground floor of the next commercial real estate expansionary cycle, according to a UCLA economic forecast released Wednesday.”

Forbes “Real Estate Agents Answer: What Are Your Best Tips For Buyers Who Are Downsizing?” (2-5-2020)

“Downsizing is a big step for a lot of seniors and, for many, it can be a hard change to make. To help make the transition easier, I asked real estate agents to share their best tips for how to handle this process.”

HousingWire “Prices heat up in the nation’s hottest rental markets” (2-5-2020)

“In February, the rental prices for one-bedroom and two-bedroom units both increased from the previous month, rising by 0.3% and 0.7%, respectively, according to Zumper’s National Rent Report.”

Washington Post “Can you sue the seller when the home you bought turns out to be a money pit?” (2-5-2020)

“Some buyers seem to think that just because a seller is good at staging a home, they can automatically assume the mechanicals are up to date as well. But sellers have no obligation to update or renovate a home or do more than they are legally required to in the contract.”

Curbed “Cane furniture is back – but it never really left” (2-5-2020)

Some textures are so ingrained in our visual vocabulary that they act as neutrals. ”

 

California Real Estate Investor Events

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with LA South REIA on Monday, February 10.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OC FIBI on Tuesday, March 3.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with NorcalREIA on Wednesday, March 11.

 

Looking Back:

Are you “Noseblind” to your house?  Home prices increased 4.7% year-over-year in December according to CoreLogic.  Forbes gave some advice on how you can invest your real estate in Florida.

 

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