Norris Bruce
Jan 08, 2019

Hey Siri, Is It Time To Buy A House?

Today’s News Synopsis:

How long before your smartphone tells you when and where to buy a home?  Delinquency rates decreased in October to their lowest in 18 years according to CoreLogic with 4.1% of mortgages in some stage of delinquency.  Do you want security for your home that is simple and not too complicated?  Well, Ring, the smarthome and high tech doorbell company, may have the solution.

In The News:

CNBC – “Chinese buyers expand their reach in the US housing market as the middle class gets in on the act” (1-8-2019)

“Chinese consumers may have soured on some American products, like iPhones, but they have only sweetened on U.S. residential real estate.

Forbes “Forget Asking Your Parents: Smartphones Soon Will Be Telling You When And Where To Buy A Home” (1-8-2019)

“Millennials don’t ask your parents how to buy a home.  Ask your smartphone instead.  In a few years, it will be advising you how and when to without you even asking..”

CoreLogic “CoreLogic Loan Performance Insights Find Delinquency Rates in October Dropped to the Lowest Level in at Least 18 Years” (1-8-2019)

“CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report.”

Mortgage Bankers Association – “2019 CREF Outlook Survey: Majority of Firms Expect Originations to Increase” (1-8-2019)

“Commercial and multifamily mortgage originators expect 2019 to be another strong year in lending activity, according to the Mortgage Bankers Association’s (MBA) 2019 Commercial Real Estate Finance (CREF) Outlook Survey.”

ATTOM Data Solutions – “Lovell Minnick Partners Acquires ATTOM Data Solutions, Leading Provider of Real Estate Data and Analytics” (1-8-2019)

“Lovell Minnick Partners, a private equity firm specializing in financial and related business services companies, today announced it has completed the acquisition of ATTOM Data Solutions (“ATTOM” or “the Company”), a leading provider of national real estate data and analytics.”

NAHB – “NAHB Study Shows Nearly 130,000 Households Priced Out of Housing Market with Each $1,000 Price Increase” (1-8-2019)

“According to a recent study by the National Association of Home Builders (NAHB), a $1,000 increase in the cost of a median-priced newly-built home pushes 127,560 prospective buyers out of the market.”

Mirror – “Ring’s new doorbell is the perfect choice for people who want simple security” (1-8-2019)

“Ring, the smarthome and high tech doorbell company, has announced a brand new way to keep your home safe and secure.”

New York Times – “Rebooting the Bathroom” (1-8-2019)

“To update a bathroom, you could swap out the cabinet pulls and switch the faucet. But if you’re ready for a bigger change, almost nothing is more effective than new tile.”

 

 

California Real Estate Investor Events

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with Robert Hall & Associates on Wednesday, January 9.

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with OCREIA on Thursday, January 17.

Bruce Norris will be presenting his newest market timing report California Real Estate: On Borrowed Time on Saturday, January 26.

 

Looking Back:

Robots showing houses in California.  Consumer sentiment decreased 2 points in December according to Fannie Mae’s latest Home Purchase Sentiment Index, showing consumers were much more cautious about the market.  Realtor.com just released their latest list showing metropolitan areas with the best and worst commutes.

 

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The Norris Group

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