Not Really, It’s A Parking Spot, Literally!

Today’s News Synopsis:

$100K listing in San Francisco.  Finally some affordable real estate in San Francisco.  The NAHB reported builder confidence in the 55+ housing market decreased four points t0 68 in the fourth quarter.  The rental market has seen a shift in the kinds of people renting as more as richer, older, and in larger households.

In The News:

Curbed “U.S. renters are richer, older, and have larger households” (2-3-2020)

“New Harvard report finds market appealing to well-heeled renters, and middle-income renters feeling the squeeze.”

Realtor.com “7 Tax Benefits of Owning a Home: A Complete Guide for Filing in 2020” (2-3-2020)

“What are the tax benefits of owning a home? Plenty of homeowners are asking themselves this right around now as they prepare to file their taxes.”

CNBC “Is co-living the new Craigslist” (2-3-2020)

“Since the Great Recession, and despite a decade-long economic recovery, more young adults are still living with their parents than on their own.”

NAHB “Builder Confidence in the 55+ Housing Market Drops Slightly in Fourth Quarter” (2-3-2020)

“Builder confidence in the single-family 55+ housing market dropped four points to 68 in the fourth quarter, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today.”

Apartment Therapy “Thinking of Using Your Tax Return for a Down Payment?  Read This First” (2-3-2020)

“It’s not uncommon to start mentally spending your tax refund the moment you find out that you’re getting one (mine is already earmarked for new rain gutters). That’s doubly true if you’ve been dreaming of buying a new home.”

ATTOM Data Solutions “4 Effective Ways to Ensure Customer Loyalty on a Real Estate Marketplace” (2-3-2020)

“Real estate sellers and investors turn to online transactional marketplaces for greater security, access to a wider pool of buyers and properties, and faster transactions. In the digital landscape of real estate, seller and buyer expectations are high.”

Yahoo Finance “The gap between renting and buying a home is narrowing in the US” (2-3-2020)

“Renting is now only slightly cheaper than owning a home, according to a new study.  Median rent was $1,319 per month nationwide, while the median mortgage was $1,600 per month at the end of 2019.”

Dealbreaker “$100,000 won’t buy a home in San Francisco, but it might get you a parking space” (2-3-2020)

“A new $100,000 real estate listing for downtown San Francisco shows off an empty parking space — because that’s all the lucky buyer will be getting, KGO reports.”

 

California Real Estate Investor Events

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with LA South REIA on Monday, February 10.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OC FIBI on Tuesday, March 3.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with NorcalREIA on Wednesday, March 11.

 

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