Norris Bruce
Feb 18, 2020

It’s Not Just The Crazy Cat Ladies Anymore

Today’s News Synopsis:

How far would you go for your pet?  Rent appreciation increased at its fastest rate in three years in 2019.  Builder confidence was strong this month, coming in at 74.

In The News:

Pawpulous “Cat owners everywhere are building backyard ‘catios.’  This craze is real” (2-18-2020)

“It’s no secret that pet owners will go above and beyond to please their pets. But we have to admit, the catio is taking animal luxury to a whole new level.”

The Real Deal “Keller Williams will cut off agents who leave” (2-18-2020)

“Keller Williams is cutting off associates who dump the franchise brokerage.  Effective April 1, the company’s lifelong profit sharing program will not be available to associates who leave to join a competitor, Inman reported.”

Zillow “Encouraging Signs For Black Homeownership as it Rebounds From Historic Lows” (2-18-2020)

“The homeownership rate for black households rose during the second half of 2018, perhaps the start of a recovery from lows following the Great Recession.”

NAHB “Builder Confidence Remains Solid in February” (2-18-2020)

“Builder confidence in the market for newly-built single-family homes edged one point lower to 74 in February, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.”

Mortgage Bankers Association “January New Home Purchase Mortgage Applications Increased 35.3 Percent” (2-18-2020)

“The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2020 shows mortgage applications for new home purchases increased 35.3 percent compared from a year ago.”

CoreLogic “CoreLogic Reports 2019 Experienced Fastest Annual Rent Appreciation Since 2016, Spurred by Strong Economic Growth” (2-18-2020)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas.”

Realtor.com “Hoping to Buy a Home in 2020?  The Easiest and Toughest Places to Find One” (2-18-2020)

“Hey, home buyers, just how stressed out are you these days?  Maybe you’ve finally come to grips with the crazy, sky’s-the-limit prices still sweeping through most major markets.”

Mortgage Professional America “Almost 3 in 10 homeowners is clueless about their mortgage rate” (2-18-2020)

“Millions of American homeowners are in the dark about their current mortgage rate according to a recent survey.”

 

California Real Estate Investor Events

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OC FIBI on Tuesday, March 3.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with NorcalREIA on Wednesday, March 11.

Bruce and Aaron Norris will be presenting their latest Florida Buying Bootcamp 2020 Thursday-Friday, March 19-20.

 

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