Maybe It’s Your Fault

Today’s News Synopsis:

Why is the perfect home so hard to find?  Mortgage rates went up slightly with 30-year rates now at 3.36% and 15-year rates at 2.77%.  Due to the coronavirus pandemic, 1 in 4 home sellers have changed the way the home is viewed.

In The News:

Freddie Mac “Mortgage Rates Tick Up” (3-12-2020)

“Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.36 percent.”

National Associaton of Realtors “Survey Finds Nearly 1 in 4 Home Sellers Changed How Their Home is Viewed on the Market Due to Coronavirus Outbreak” (3-12-2020)

“Nearly 1 in 4 home sellers nationwide are changing how their home is viewed while the home remains on the market due to the coronavirus (COVID-19) outbreak, according to a new survey from the National Association of Realtors.”

Forbes “Real Estate Profits Correlate To A Strong Marketing Strategy” (3-12-2020)

“Real estate marketing has been prevalent since buying and selling of property began. The premise of marketing at its fundamental core was created to manage transactions and allow parties to come to an agreement through thorough negotiations.”

CoreLogic “A Quickening in Home Price Appreciation Boosted Home-Equity Wealth” (3-12-2020)

“The amount of equity in mortgaged real estate increased by $489 billion in the fourth quarter of 2019 from the fourth quarter of 2018, an annual increase of 5.4%, according to the latest CoreLogic Equity Report.”

ATTOM Data Solutions “ATTOM Data Solutions Releases Best Counties for Buying Single-Family Rentals in 2020” (3-12-2020)

“ATTOM Data Solutions, curator of the nation’s premier property database first property data provider of Data-as-a-Service (DaaS), today released its Q1 2020 Single-Family Rental Market report, which ranks the best U.S. markets for buying single-family rental properties in 2020.”

MarketWatch “Mortgage rates increased this week despite the coronavirus turmoil – here’s why you haven’t missed the chance to refinance” (3-12-2020)

“Even as concerns mounted regarding the coronavirus pandemic, mortgage rates increased this past week as lenders sought to stem the tide of people looking to refinance their home loans.”

Inman “How to properly clean and disinfect your real estate office” (3-12-2020)

“‘Clean and disinfect high-touch surfaces daily in household common areas,’ recommends the Centers for Disease Control and Prevention amid the coronavirus pandemic.” “Why the Perfect Home Is Too Hard for You To Find” (3-12-2020)

“Ah, the perfect home. If you’re shopping for a home, it’s nice to think you won’t settle for anything less than perfection. But come on, that’s kind of like holding out for the “perfect” partner—romantic, but unrealistic. Get a grip, folks!”


California Real Estate Investor Events

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

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with IVAR on Wednesday, April 1.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with IVAR on Wednesday, April 1.


Looking Back:

Fannie Mae and Freddie Mac may be playing a smaller role in the housing market.  Overall delinquency and foreclosure rates for December were their lowest for that month in almost 20 years.  What could energy-efficient windows help bring to your home?


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