Today’s News Synopsis:
New to the RE investing game? Forbes shares some tips. Housing demand decreased 1.7% to 134 in October according to Redfin’s latest Housing Demand Index. Bitcoin is now officially an accepted method of payment for rent.
In The News:
Forbes – “Practical Tips For First-Time Landlords” (11-30-2017)
“Purchasing your first rental property is both thrilling and overwhelming. Being a new landlord comes with an array of challenges, victories and inevitable mistakes.”
“The Redfin Housing Demand Index fell 1.7 percent from 137 in September to 134 in October. Still, the Demand Index increased 26.6 percent year over year in October.”
CNBC – “Now you can pay your rent in bitcoin” (11-30-2017)
“While you still can’t buy a meal at many restaurants with bitcoin, you can now pay your rent with it.”
Black Knight Financial Services – “Black Knight Launches Robotics Capabilities in the LoanSphere Empower LOS to Help Lenders Maximize Operational Efficiencies” (11-30-2017)
“Black Knight, Inc. (NYSE:BKI) announced today that it has added robotics capabilities to its LoanSphere Empower loan origination system (LOS) to help clients maximize automation and enhance overall operational efficiencies throughout the loan production process.”
Freddie Mac – “Mortgage Rates Inch Lower” (11-30-2017)
“Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the average 30-year fixed mortgage rate inching lower.”
Forbes – “How Blockchain Is Breathing New Life Into Virtual Real Estate” (11-30-2017)
“Virtual reality (VR) is projected to become a $40 billion industry by 2020. Innovations in both VR hardware and software have made for interesting applications, especially in gaming and entertainment.”
DS News – “Trump Nominates Goodfriend for Fed Board” (11-30-2017)
“On Wednesday evening, President Trump moved to fill another vacancy at the Fed, nominating Professor Marvin Goodfriend for a position in the Federal Reserve Board of Governors.”
HousingWire – “Nextdoor expanding real estate listings into new cities” (11-30-2017)
“Earlier this year, Nextdoor, the neighborhood social network, expanded into real estate by launching a real estate section on its website and in its app that featured real estate listings in the user’s neighborhood and nearby areas.”
Bruce Norris will be presenting Stay Put or Cash Out with SDCIA on Tuesday, December 12.
Aaron Norris will be speaking at OCREIA’s Note Panel on Thursday, December 14.
Bruce Norris will be presenting Stay Put or Cash Out with Prosperity Through Real Estate on Tuesday, January 2.
The Mortgage Bankers Association reported a 9.4% decrease in mortgage applications from the previous week. The National Association of Realtors reported pending home sales increased by just 0.1%, showing people were more careful to buy before the election. The Federal Reserve reported continued economic expansion in most of the country in October and November.
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.