Today’s News Synopsis:
Real estate promises change. According to CoreLogic, home prices increased 5.4% year-over-year in April, but they are expected to increase again next year. The share of mortgage loans in forbearance increased to 8.46%.
In The News:
CoreLogic – “Home Prices Predicted to Decrease in the Next Year” (6-2-2020)
“National home prices increased 5.4% year over year in April 2020, according to the latest CoreLogic Home Price Index (HPI®) Report.”
Forbes – “Survey: Buyers, Sellers Are Eager For The Return Of Open Houses” (6-2-2020)
“The coronavirus pandemic has cut into open houses in a major way, but a new survey by the National Association of Realtors suggests potential home buyers are eager to resume visiting open houses.”
The Real Deal – “Not just lip service:’ Real estate promises change following George Floyd’s death” (6-2-2020)
“As anger and frustration over racism and police brutality grip the nation, real estate executives and business leaders are promising change — and pleading for peaceful protest.”
Mortgage Bankers Association – “Share of Mortgage Loans in Forbearance Increases to 8.46%” (6-2-2020)
“The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 8.36% of servicers’ portfolio volume in the prior week to 8.46% as of May 24, 2020.”
Forbes – “As Real Estate Begins Its Recovery, Price Corrections Anticipated” (6-2-2020)
“As the New York City real estate market starts its march toward recovery, sellers are starting to peek out of quarantine and list their homes, but there’s no promise that buyers will be following.”
The Ascent – “4 Signs You’re About to Pay Too Much for a House” (6-2-2020)
“My husband and I recently purchased our ninth house. We’d have sworn that six of the others would be our “forever” home but career opportunities and the shifting winds of fate proved otherwise.”
Hard Money Loan Closed
San Bernardino, California hard money loan closed. Real estate investor received loan for $160,000 on this single family property appraised for $307,000.
Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing With NorcalREIA on Wednesday, June 10.
Bruce and Aaron Norris will be presenting Keep-Sell-Create in Sacramento on Saturday, June 20.
The Norris Group presents its award-winning black-tie event I Survived Real Estate 2020 on Friday, September 18.
More on Hard Money Loans
Information on Note Investing
- Florida mortgage investing or call (407) 706-9700
- California trust deed investing call (951) 780-5856
Real Estate Investor Education & Resources
- Upcoming real estate investor speaking engagements and training
- Real Estate radio show and podcast
- Weekly news and videos
- Free Investor Roadmap – How to get started in real estate investing
- Free access to our web portal for real estate investors