Today’s News Synopsis:
Is it worth it to live alone? The Mortgage Bankers Association reported mortgage applications increased 1.1% from last week. Almost half of those who own a home place on moving in the new decade.
In The News:
HousingWire – “Boom: Mortgage lending just had its biggest quarter in 14 years” (2-12-2020)
“It probably won’t come as a surprise to those in the mortgage business that the fourth quarter of 2019 was a big one, considering that originations continued to rise throughout the year thanks to near-historic lows in mortgage rates.”
Mortgage Bankers Association – “Mortgage Applications Increase in Latest MBA Weekly Survey” (2-12-2020)
“Mortgage applications increased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 7, 2020.”
MarketWatch – “What your real estate agent won’t tell you about buying a home near water” (2-12-2020)
“When I was young, my parents bought an old two-story beach house one block from the Atlantic Ocean. The first floor consisted of nothing more than a large, empty garage with a concrete floor that made a great place for us kids to skate and play on rainy days.”
National Association of Realtors – “Metro Home Prices Rise in 94% of Metro Areas in Fourth Quarter of 2019” (2-12-2020)
“The vast majority of metro areas saw price gains and very small increases in inventory in the final quarter of 2019, according to the latest quarterly report by the National Association of Realtors.”
Curbed – “Is living alone worth it?” (2-12-2020)
“How do I decide if living alone is worth it? Living alone is more expensive than living with others almost everywhere, so how do I weigh the trade-offs and figure out if it’s the right choice for me?”
Housing Wire – “Almost half of homeowners plan to move this decade” (2-12-2020)
“This decade is all about out with the old and in with the new. According to a new survey from LendingTree, 45% of homeowners have plans to move at some point in the new decade.”
SF Gate – “7 Winter Photo Shoot Secrets to Make Your Home Shien in the Gloomiest Season” (2-12-2020)
“Buyers won’t give your home a second look if the listing photos are drab. Here’s how to pull off perfect pictures when winter is working against you.”
Forbes – “Why Build-To-Rent Is Garnering Multifamily Investors’ Attention” (2-12-2020)
“Real estate investors are always looking for the next big thing. In the near future, I predict that that could be full neighborhoods with nothing but build-to-rent single-family homes, as investors like me are finding yields that are 100 to 200 basis points higher than traditional single-family homes or multifamily rental properties.”
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.
Bruce and Aaron Norris will be presenting their latest Florida Buying Bootcamp 2020 Thursday-Friday, March 19-20.
Roommates and married couples living together have doubled since 1995. According to Zillow, the homes a lot more people were wanting were those in luxury neighborhoods. Home prices in metropolitan areas increased by 4% in the fourth quarter of 2018.
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