Today’s News Synopsis:
Are cheap 3D-printed homes on their way? It looks like we will have to wait a little bit longer to see the results of the Dodd-Frank reform bill as voting has been postponed by the Senate. One thing California has seen a decrease in is empty houses as vacancies are at their lowest in 13 years.
In The News:
HousingWire – “Senate postpones vote for Dodd-Frank reform bill” (3-12-2018)
“The Senate announced Thursday it would postpone the vote on its Dodd-Frank reform bill until sometime this week after it couldn’t agree on the bill’s more than 100 amendments.”
“Proposed reforms to the government-sponsored enterprises (GSEs) that guarantee the majority of U.S. home loans could drive up monthly housing costs and diminish housing affordability for many Americans, according to Zillow.”
The Balance – “Three Types of Foreclosures” (3-12-2018)
“No matter how you look at it, the business of buying and selling properties at or near foreclosure is not a happy one. However, it can be a mutually beneficial transaction for a willing investor and a distressed homeowner.”
The Verge – “This cheap 3D-printed home is a start for the 1 billion who lack shelter” (3-12-2018)
“Food, water, and shelter are basic human needs, but 1.2 billion people in the world live without adequate housing, according to a report by the World Resources Institute’s Ross Center for Sustainable Cities”
Realtor.com – “How to Make Homemade Carpet and Floor Cleaners to Spring-Clean Your Home” (3-12-2018)
“Want to know how to make homemade carpet cleaner, floor cleaner, and more, to scour every surface in your home? It’s a good idea—particularly if you’re spring-cleaning, or else just because you’ve noticed that Windex ain’t cheap, or heard that Pine-Sol could give your pets a tummy ache and punch a hole in the Earth’s ozone layer (kidding about that last part!).”
“How many all-cash home sales happened in your neighborhood? With the help of real estate data firm ATTOM Data Solutions, we’ve mapped all-cash home sales for each zip code in California from 2005 to 2017.”
Mercury News – “Empty homes a California rarity as vacancies at 13-year low” (3-12-2018)
“One challenge folks shopping for California housing face is the rarity of a vacant home. The U.S. Census Bureau tracking of the empty-but-owned homes found that 1 percent of ownership residences were vacant in California in 2017, the lowest since 2004 and the fifth-lowest rate nationally.”
Hard Money Loan Closed
Compton, California hard money loan closed. Real estate investor received loan for $240,000 on this single family property appraised for $410,000.
Bruce Norris will be presenting Stay Put or Cash Out with NorcalREIA on Wednesday, March 14.
Bruce Norris will be presenting Cashing In On A Boom: Investing In Quadrant 4 With Bruce Norris in Sacramento on Saturday, March 17.
Bruce Norris will be presenting Stay Put or Cash Out with IVAR on Wednesday, April 4.
For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.