Today’s News Synopsis:
What are the 18 most weird but useful household items? The National Association of Realtors reported existing-home sales were lower in December but up 1.1% for the whole year in 2017, their best year since 2006. The Mortgage Bankers Association reported a whopping 4.5% increase in mortgage applications from last week.
In The News:
Mortgage Bankers Association – “Mortgage Applications Increase in Latest MBA Weekly Survey” (1-24-2018)
“Mortgage applications increased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 19, 2018.”
Bloomberg – “They’ll Help Take Your Home Off Your Hands – So You Can Buy One of Theirs” (1-24-2018)
“Lennar Corp. builds homes with 2-by-4s and nail guns. Opendoor uses computer algorithms to buy and sell them. For the past year, the companies have been testing a way to make it easier for Lennar’s customers to offload their houses and trade up to new ones.”
Black Knight Financial Services – “Black Knight’s First Look at December 2017 Mortgage Data” (1-24-2018)
“The Data and Analytics division of Black Knight, Inc. (NYSE:BKI) reports the following “first look” at December 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.”
National Association of Realtors – “Existing-Home Sales Fade in December; 2017 Sales Up 1.1 Percent” (1-24-2018)
“Existing-home sales subsided in most of the country in December, but 2017 as a whole edged up 1.1 percent and ended up being the best year for sales in 11 years, according to the National Association of Realtors.”
“Retail isn’t just decades-old apparel brands and antiquated shopping malls. The future for many industry names is bright and booming, despite dire headlines.”
The Mercury News – “Tax and fee amnesty available for California mobile home owners” (1-24-2018)
“In the often paycheck to paycheck world of mobile home living, many homeowners lack proper title and registrations for their dwellings.”
Realtor.com – “What Is an Earthship Home? Eco-Friendly and Zero Utility Bills” (1-24-2018)
“If living off the grid sounds more enticing than ever, an earthship home could be the perfect style of living arrangement for you. OK, we know it sounds like something straight out of “Close Encounters of the Third Kind: Director’s Cut,” but don’t let the name fool you.”
Business Insider – “18 weird but useful things we’ve bought for our homes” (1-24-2018)
“When outfitting your home, you know the basics you need to address: cookware, cleaning supplies, a seemingly never-ending stream of paper towels, and some nice bedding.”
Hard Money Loan Closed
Desert Hot Springs, California hard money loan closed. Real estate investor received loan for $105,000 on this single family property appraised for $171,000.
Bruce Norris will be presenting Stay Put or Cash Out with OC FIBI on Tuesday, February 6.
Bruce Norris will be presenting Stay Put or Cash Out with the Arcadia Association of Realtors on Wednesday, February 7.
Bruce Norris will be presenting Stay Put or Cash Out with TIGAR on Thursday, February 15.
MISMO decided to allow more time for people to leave their comments and opinions regarding rent exchanges on commercial properties. A new mobile app was released on this day by CoreLogic, allowing customers a broader access to property data. Existing-home sales decreased in December to their lowest in 18 years.
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.