Today’s News Synopsis:
Social media factors in Millennial home-buying decisions. Speaking of which, experts believe more Gen Zers will own homes than millennials. Foreclosure activity decreased by 10% month-over-month and 6% year-over-year in November.
In The News:
Zillow – “More Gen Zers Than Millennials Will Own Homes, Experts Say” (12-16-2019)
“The oldest Millennials, who will turn 40 in 2020, have lived through a turbulent decade of housing marked first by the initial recovery from the Great Recession, then the extraordinary home value growth of recent years.”
ATTOM Data Solutions – “U.S. Foreclosure Activity Decreases 10 Percent in November 2019 From Previous Month, and Down 6 Percent From Year Ago” (12-16-2019)
“There were 49,898 U.S. properties with foreclosure filings in November 2019, down 10 percent from October 2019 and down 6 percent from a year ago, according to the latest ATTOM Data Solutions U.S. Foreclosure Activity Report.”
HousingWire – “Here’s what will happen in multifamily real estate in 2020” (12-16-2019)
“After a strong year in multifamily housing, expect an even stronger one in 2020, according to RealPage Chief Economist Greg Willett.”
NAHB – “Builder Confidence Ends Year Strong on Solid Economic Fundamentals” (12-16-2019)
“Builder confidence in the market for newly-built single-family homes increased five points to 76 in December off an upwardly revised November reading, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.”
MarketWatch – “10 cities with the most affordable new homes” (12-16-2019)
“There are still pockets of affordable new construction, particularly in the South and Midwest, where more land is available and labor is cheaper.”
Apartment Therapy – “Forget Millennial Pink: When It Comes to Wall Paint, “Boring” Beige is Back” (12-16-2019)
“Beige walls aren’t just a relic of the early 2000s. In fact, you can expect to see the once-dated neutral color everywhere again.”
Mansion Global – “The Tell-Tale Signs of a Home Flipper’s Hasty Renovation” (12-16-2019)
“There’s plenty of appeal in buying a home that has been recently renovated and is move-in ready. But it’s not always easy to tell whether a property has been upgraded in a thoughtful, thorough way that will retain its integrity.”
Yahoo Finance – “Social Media Factors in Millennial Homebuying Decisions” (12-16-2019)
“It’s no secret that social media influences many buying decisions, but a new survey suggests that also includes some millennials’ choices when it comes to purchasing a house.”
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Prosperity Through Real Estate on Tuesday, January 7.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Robert Hall & Associates on Wednesday, January 8.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OCREIA on Thursday, January 9.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with CVREIA on Thursday, January 14.
Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.
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