Today’s News Synopsis:
People affected by flooding in the Lousiana area have the option of receiving mortgage assistance, as Fannie Mae has reminded them. The latest data from both HUD and the Commerce Department showed a 2.1% increase in housing starts, in part to an increase in multifamily housing. Interest rates may need to increase at least one time this year according to Dennis Lockhart of the Federal Reserve Bank of Atlanta.
In The News:
“Fannie Mae (FNMA/OTC) is reminding those affected by the floods in Louisiana of the options available for mortgage assistance.”
Bloomberg – “Fed’s Lockhart Says At Least One Rate Hike May Be Needed in 2016” (8-16-16)
“Federal Reserve Bank of Atlanta President Dennis Lockhart said he’s confident that U.S. economic growth is accelerating, setting the stage for at least one increase in interest rates this year.”
Benzinga – “The Right Way To Real Estate (Via ETFs, At Least)” (8-16-16)
“Among emerging markets, Latin America, after several years of being a drag on the asset class, is hot this year. Hot asset classes in the U.S. include real estate equities and real estate investment trusts.”
Bloomberg – “Mortgage Risk Stellar Again With $3.4 Billion Wager on ‘New War'” (8-16-16)
“Mortgage insurance, an industry that drove several companies to collapse or the brink of failure in the housing crisis, is again considered a safe bet as Arch Capital Group Ltd. ”
“Nationwide housing starts rose 2.1 percent in July to a seasonally adjusted annual rate of 1.21 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.”
Realty Trac – “ATTOM Data Solutions Hires Technology Veteran Tod Teta” (8-16-16)
“ATTOM Data Solutions, the nation’s leading source for comprehensive property data, today announced the hiring of Todd Teta as chief technology officer.”
Bloomberg – “Millennials Are Freaking Over Retirement – and Not Doing Much About It” (8-16-16)
“Young workers today probably can’t even think about retiring for 40 or 50 years. Longer lives and the prospect of weaker investment returns mean millennials will probably have to save more money, over a longer period of time, than their parents and grandparents. ”
Bruce Norris will be presenting his newest talk Stay Put, Cash Out, Or Change Seats? with InvestClub for Women on Wednesday, September 21.
Bruce Norris will be presenting Stay Put, Cash Out, Or Change Seats? with InvestClub for Women and Robert Hall & Associates on September 28.
Bruce Norris will be presenting Cashing In On a Boom: Investing in Quadrant 4 at the Back Bay Conference Center on Saturday, October 8.
Bruce Norris of The Norris Group will be presenting the 9th annual I Survived Real Estate 2016 on Friday, October 21.
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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.