Missed The Walking Dead? Just Go To These 10 Housing Markets

Today’s News Synopsis:

Which markets had the most zombie foreclosures in the third quarter of 2019?  HUD and the Commerce Department reported single-family housing starts showed some improvement in July, standing at 1.19 million, despite total starts falling 4%.  Which two cities are the most competitive when it comes to their housing markets?

In The News:

NAHB “Single-Family Starts Continue Modest Improvements in July” (8-19-2019)

“Due to a decline in multifamily production, total housing starts fell 4 percent in July to a seasonally adjusted annual rate of 1.19 million units from a downwardly revised reading in June, according to a report from the U.S. Housing and Urban Development and Commerce Department.”

ATTOM Data Solutions “Top 10 Housing Markets With the Most Zombie Foreclosures in Q3 2019” (8-19-2019)

“According to ATTOM Data Solutions’ just released Q3 2019 Vacant Property and Zombie Foreclosure Report, there are more than 1.5 million (1,530,563) U.S. single-family homes and condos vacant, representing 1.6 percent of all homes.”

Redfin “Arlington and Alexandria are the Nation’s Most Competitive Housing Markets” (8-19-2019)

“The most competitive U.S. housing markets are the two that are closest to Crystal City, home of Amazon’s upcoming second headquarters (HQ2) in Virginia: Alexandria and Arlington.”

HousingWire “Fannie Mae lowers existing home forecast, says sales will decline this year” (8-19-2019)

“Fannie Mae lowered its housing forecast on Friday, saying existing home sales will decrease this year compared with 2018. It was the first time the mortgage giant projected a 2019 decline.”

Forbes “What is PMI On A Mortgage And What You Can Do To Avoid It” (8-19-2019)

“If you’ve been looking into getting a mortgage, you’ve probably heard the term PMI get floated around quite a bit. You may be unsure of what the term means or how it can have an effect on your bottom line.”

Realtor.com “Need a Mortgage Fast?  You’re in Luck: The Home Closing Process Is Speeding Up” (8-19-2019)

“Once your offer on your dream home is accepted, it doesn’t mean you can just grab the keys and move in.  If you need a mortgage, securing this home loan takes time. The good news is that it’s faster now than ever.”

The Real Deal – “The economy may be starting to slow.  Real estate is taking notice” (8-19-2019)

“The yield curve inversion and threats of an escalating trade war recently sent markets into a tizzy last week.”

Zillow “Zillow Offers Now Live in Miami and Ft. Lauderdale” (8-19-2019)

“Starting today, home sellers in MiamiFort Lauderdale, and other parts of South Florida can use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home.”

Inman “Keller Williams and Compass leaders spar (politely) over tech” (8-19-2019)

“‘Our billion is going into technology; we’re not buying marketshare’: Keller Williams President.”

 

California Real Estate Investor Events

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with InvestClub on Wednesday, August 21.

Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing with WEREP on Friday, August 23.

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with SDIC on Thursday, September 5.

 

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