Norris Bruce
Sep 05, 2019

Maybe The “Flier Bandit” Got You

Today’s News Synopsis:

Is your house not selling?  Freddie Mac reported mortgage rates decreased this week with 30-year rates now at 3.49% and 15-year rates at 3%.  The new plan for the GSEs is expected to be revealed very shortly.

In The News:

Freddie Mac “Mortgage Rates Drop” (9-5-2019)

“Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) rate averaged 3.49 percent, the lowest it has been since October 2016.”

Zillow “Rural Areas Lagging Behind in Post-Recession Recovery” (9-5-2019)

“In the decade following the Great Recession, job growth has been disproportionately concentrated to the largest U.S. job centers, and home values in these markets have risen accordingly.”

DS News “Federal Reserve Reports Economic Conditions” (9-5-2019)

“Economic activity increased in the U.S., according to the latest “Beige Book” from the Federal Reserve.”

The Real Deal “Aggressive iBuyer Opendoor acquires title and escrow company” (9-5-2019)

“Following the announcement of its new home lending program, iBuyer Opendoor has acquired title and escrow company, OS National.”

Realtor Magazine “Former C21 CEO Takes Newly Created Role at RE/MAX” (9-5-2019)

“Nick Bailey, most recently the former president and CEO of Century 21 Real Estate, has rejoined previous employer RE/MAX in a newly created position.”

Mercury News “‘Flier bandit’ taking brochures, business from Santa Cruz realtors” (9-5-2019)

“Some real estate agents in the county are trying to stop a “flier bandit” who has been emptying out brochure boxes from homes listed for sale.”

Forbes – “New Yorkers Are Leaving The City In Droves: Here’s Why They’re Moving And Where They’re Going” (9-5-2019)

“One million people fled the New York Tri-State area—which encompasses New Jersey, Connecticut and Long Island—in the last nine years.”

Reuters “U.S. Treasury expected to unveil Fannie, Freddie plan in coming days: analysts” (9-5-2019)

“The Trump administration’s blueprint for reforming the U.S. housing system is expected to be unveiled in the coming days, according to Washington analysts, marking a key step toward overhauling mortgage giants Fannie Mae and Freddie Mac.”

 

California Real Estate Investor Events

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with SDIC TONIGHT.

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with SJREI on Thursday, September 12.

Bruce Norris will be presenting Cashing In On A Boom: Creating Value In A Tight Market on Saturday, September 14.

 

Looking Back:

Which room should be the best staged if you want that house sold?  You might be surprised by the number of homeowners who regretted the neighborhood into which they moved.  America was seeing the highest number of bankruptcy filings from people older than 65 than ever in history.

 

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