Is Your Sale “Social Media Ready?”

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.”

 

California Real Estate Investor Events

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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