Norris Bruce
Oct 29, 2019

In Most States You Don’t Have To Say Boo About It

Today’s News Synopsis:

Selling a haunted house?  The Mortgage Bankers Association predicted purchase originations will increase by 1.6% to $1.29 trillion in the next year.  What were the two major forces to reshape affordable housing?

In The News:

First American “Two Forces Re-Shaped Housing Affordability in 2019, According to First American Real House Price Index” (10-29-2019)

“First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the August 2019 First American Real House Price Index (RHPI).”

Mortgage Bankers Association “MBA 2020 Forecast: Purchase Originations to Increase 1.6 Percent to $1.29 Trillion” (10-29-2019)

“The Mortgage Bankers Association (MBA) announced today at its 2019 Annual Convention and Expo in Austin, Texas, that purchase originations are expected to increase 1.6 percent to $1.29 trillion in 2020.”

Realtor.com “America’s Top Small Cities Will Blow Your Mind: Can You Guess Where’s Best?” (10-29-2019)

“Do you adore living in a city, but cringe at the sky-high cost of housing there—or even whether you’ll be able to find a nice place for dinner and drinks?”

Zillow “Selling a Haunted House?  Here’s What You Need to Know” (10-29-2019)

“Your dream home may be haunted, and in most states, sellers don’t have to say boo about it.  Ahead of Halloween, Zillow scared up a state-by-state analysis and found only four deal with paranormal activity in their real estate disclosure laws: New YorkNew JerseyMassachusetts and Minnesota.”

Curbed “How climate change creates a ‘new abnormal’ for the real estate market” (10-29-2019)

“A report from the San Francisco Federal Reserve underscores how climate shifts create big investment and economic risks.”

MarketWatch “Borrowers won’t be left behind as Fannie and Freddie privatize, regulator says” (10-29-2019)

“For the first time, the Federal Housing Finance Agency called on Fannie Mae and Freddie Mac to strategize exits from conservatorship.”

Ladders “The Top 15 highest-paying jobs in real estate and construction” (10-29-2019)

“In a recent Fast Company article Dean Hopkins, Oxford’s global chief operations officer, discussed how the trillion-dollar real estate and construction industry is just starting to be disrupted by technology.”

U.S. News “How to Sell Your Tiny House” (10-24-2019)

“In recent years, there has been a notable shift from “bigger is better” to “less is more,” as homeowners seek to balance the costs associated with larger homes. Emerging in this trend is the category of the tiny house.”

 

California Real Estate Investor Events

Bruce Norris will be presenting 10 Decisions to Make Before The Next Downturn with the South OC REI Club on Wednesday, October 30.

Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing with Pasadena FIBI on Thursday, November 21.

Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.

 

Looking Back:

What were 7 apps that were very essential for real estate investors to use?  What were the four colors you did not want to use if you if wanted to sell your home?  According to a 2018 Buyer and Seller Survey, single female buyers were a driving force in the market while first-time buyers were finding it much harder.

 

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