Today’s News Synopsis:
So you’re going to do that renovation yourself. Where are the most expensive zip codes in the U.S? The NAHB reported builder confidence continues to remain strong this month, having only decreased by one point to 70.
In The News:
Redfin – “If There’s a Recession, Will the Housing Market Crash?” (11-18-2019)
“Amid global tension, trade wars and general economic uncertainty, many people are wondering if and when a recession will hit, and how it could affect the U.S. housing market.”
ATTOM Data Solutions – “Top 10 Major Metros Increasing in Foreclosure Starts” (11-18-2019)
“In October 2019, foreclosure filings climbed upward, increasing 13 percent from the previous month, according to ATTOM Data Solutions’ newly released October 2019 U.S. Foreclosure Activity Report.”
Los Angeles Times – “Hot Property Newsletter: The luxury real estate market changes with the calendar” (11-18-2019)
“There’s a whole lot of price-cutting going on in the multimillion-dollar home market. It’s typical for this time of year by sellers hoping to wrap up a deal before year’s end.”
Realtor.com – “Does Homeowner Insurance Cover Renovation Damage?” (11-18-2019)
“Part of the thrill of a renovation is dreaming up a brand-new look for your home. The best part of the process is, of course, walking through the finished rooms and settling into your new space.”
MarketWatch – “Bad news home buyers: It’s more expensive for developers to buy lots for new houses” (11-18-2019)
“It’s costing real-estate developers a pretty penny to purchase lots for single-family homes. And that could spell trouble for people who are struggling to afford to buy a home.”
NAHB – “Builder Confidence Holds Firm in November” (11-18-2019)
“Builder confidence in the market for newly-built single-family homes edged one point lower to 70 in November, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.”
Realtor Magazine – “How Carbon-Free Standards Will Impact Homeowners” (11-18-2019)
“As CEO of a “clean technology” company, which helps with reducing carbon use, people ask me how they can have a positive impact on the environment.”
Thrillist – “These Maps Reveal the Most Expensive Zip Codes in the U.S.” (11-18-2019)
“It’s difficult to know for sure how expensive a zip code is. You could live in a ceilingless shack right outside of New York City and pay more in property taxes than a Nebraska family living in a mansion made entirely of bulletproof glass… Well, maybe.”
Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing with Pasadena FIBI on Thursday, November 21.
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 Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.
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