Today’s News Synopsis:
Conforming loans limits over $500K for the first time. New home sales were strong last month, having increased 0.7% to 733,000 units. You better get ready, because it turns out the best time to buy a home is the winter.
In The News:
Forbes – “The Real Estate Picture Brightens, And In A Number Of Ways” (11-25-2019)
“Residential real estate seems to have regained health of late, and in more ways than one. On the macro side, activity, after months of stagnation and decline, has turned upward again.”
NAHB – “New Home Sales Post Strong Pace in October” (11-26-2019)
“Sales of newly built, single-family homes decreased 0.7 percent to a seasonally adjusted annual rate of 733,000 units in October, off strong upward revisions to the September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.”
Inman – “Home price gains reversed trend and accelerated in September” (11-25-2019)
“Home prices rose 3.2% year-over-year after rising 3.1% year-over-year in August, according to S&P CoreLogic Case-Shiller US National Home Price NSA Index.”
Crain’s Chicago Business – “Why are real estate investors avoiding Chicago?” (11-26-2019)
“Local commercial real estate pros keep banging the drum about how the city and state’s fiscal woes are scaring investors away from the Chicago market.”
MarketWatch – “Fannie Mae, Freddie Mac will soon let borrowers take out mortgages over $500K” (11-26-2019)
“Fannie Mae and Freddie Mac will let mortgage borrowers nationwide take out home loans over $500,000 in 2020.”
ATTOM Data Solutions – “Winter Is the Best Time to Buy A Home” (11-26-2019)
“ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its annual analysis of the best days of the year to buy a home, which shows that only three days of the year offer discounts below estimated market value — all falling in the month of December.”
Forbes – “Martha Stewart Brand To Expand Into Real Estate Developments” (11-26-2019)
“Jimmy Buffet did it. Aston Martin is in the process of making it happen. And now Martha Stewart has joined the ever-growing ranks of public personas and brands throwing their signature style into the real estate ring.”
Realtor.com – “Remodel vs. Renovation: What’s the Difference?” (11-26-2019)
“You say potato, I say potahto. Remodel vs. renovation … same thing, right? While the terms remodel and renovation are used interchangeably all the time, they are actually very different animals.”
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with SDCIA on Tuesday, December 10.
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.
Battle of the sexes. Looked like the housing boom in America was coming to an end, and Texas was the first to go. Could we be seeing a comeback in manufactured homes?
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