New Owners, New Changes

Today’s News Synopsis:

The heart-wrenching reality of revisiting you childhood home.  What are some things you can do to ease the burden of packing up and moving?  Which city’s real estate market is least likely to go down in the next recession?

In The News:

MarketWatch “This city’s real estate market is the least likely to tank during the next recession” (9-9-2019)

“The Federal Reserve may not be currently forecasting a recession, but sooner or later the U.S. economy’s fortunes will turn for the worse.”

Zillow “Zillow Now Buying Homes in San Diego” (9-9-2019)

“Starting today, home sellers in San Diego can use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Zillow Offers is a new way to sell your home which aims to reduce the stress and uncertainty that typically goes along with selling.”

Forbes “Should You Get A Blower Door Test Done On Your Home?” (9-9-2019)

“Anyone thinking of buying a house or building one should consider having a blower door test performed. It will help determine the cost of future energy bills.”

Mortgage Bankers Association “MBA Forecasts Record Commercial/Multifamily Mortgage Originations and Multifamily Lending in 2019 and 2020” (9-9-2019)

“The Mortgage Bankers Association (MBA) forecasts that commercial and multifamily mortgage bankers will close a record $652 billion of loans backed by income-producing properties this year, 14 percent higher than last year’s record volume ($574 billion).” “The Heart-Wrenching Reality of Revisiting Your Childhood Home, Decades Later” (9-9-2019)

“I can’t let go of my childhood home. That big, beautiful, brick house in Fremont, OH, has a hold on me much like the first boy I kissed. Even now, as a middle-aged adult living in New York City, I find myself pulled back to Wood Street even though the house was sold long ago.”

Wall Street Journal – “Workers Are Fleeing Big Cities for Smaller Ones – and Taking Their Jobs With Them” (9-9-2019)

“Kelly Swift grew tired of the Los Angeles area a few years ago so she decided to leave—and take her job with her.”

CNBC “Fall housing shifts quickly to a buyer’s market” (9-9-2019)

“Mortgage rates are around the lowest in three years, but buyers are suddenly much more cautious about purchasing a home. Competition is cooling, and consequently, sellers can no longer command any price.”

Mercury News “Sold your house?  Your work is just beginning” (9-9-2019)

“Once escrow closes, you now have to pack up, move and unpack. Here’s how to reduce the burden..”


California Real Estate Investor Events

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.

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with the BIEREIC on Wednesday, September 18.


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