Today’s News Synopsis:
Zillow can help you find a house. Home prices increased 4% year-over-year in February according to CoreLogic. In order to help boost homeownership, Bank of America will start giving borrowers $10,000 to close a loan.
In The News:
Zillow – “Sale Prices Jump After Communities Named Opportunity Zones” (4-2-2019)
“Investors appear to be flocking to Opportunity Zones, where they can receive a discount on capital gains taxes for investing within certain areas.”
Realtor.com – “The Pros and Cons of Rugs in the Kitchen” (4-2-2019)
“A kitchen rug looks so cozy in shelter magazines, whether it’s a faded Oriental in the breakfast nook or a punchy striped runner along the edge of an island.”
CoreLogic – “CoreLogic Reports February Home Prices Increased by 4 Percent Year Over Year” (4-2-2019)
“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for February 2019, which shows home prices rose both year over year and month over month. Home prices increased nationally by 4 percent year over year from February 2018.”
“T3 Sixty, the residential real estate brokerage industry’s leading consulting and research firm, has released its second annual Mega 1000, the real estate industry’s definitive ranking of brokerages, franchisors and holding companies.”
HousingWire – “Bank of America aims to boost homeownership, will give borrowers up to $10,000 to close a loan” (4-2-2019)
“Bank of America is committing $5 billion to help boost homeownership for “low- to moderate-income and multicultural homebuyers and communities” across the country, the bank announced Tuesday.”
Forbes – “Senior Housing Properties Cut the Cheese – No Joke” (4-2-2019)
“Did you read my article on Monday? You should have. Really. I’m not being egotistical saying so. I can barely even believe how quickly my warning came true.”
Fortune – “A ‘Co-Living’ Provider for Millennials Has Big Expansion Plans” (4-2-2019)
“With America’s major cities dealing with a shortage of affordable housing and steadily climbing rents, a slew of companies have entered the “co-living” space in recent years.”
Curbed – “Zillow can help you find a home, and now, a mortgage” (4-2-2019)
“Zillow is already buying and selling homes and now it wants to be your mortgage lender, too. Today, the company announced a fresh makeover to a key piece of its bold strategy to become a one-stop shop for real estate transactions.”
Bruce Norris will be presenting his latest Real Estate Market Update with Tri-Counties Association of Realtors on Thursday, April 11.
Bruce Norris will be presenting 10 Decisions To Make Before The Next Downturn at the AOA Million Dollar Trade Show on Wednesday, April 17.
Aaron Norris will be presenting Innovating Real Estate Marketing with the Moreno Valley Professionals on Thursday, April 18.
Bruce Norris will be presenting 10 Decisions To Make Before The Next Downturn with Pasadena FIBI on Thursday, April 18.
The Gen X pivot. Black Knight Financial Services reported a $735 billion increase in tappable equity in 2017, it’s highest on record. What was the one type of room that was an immediate turnoff for potential homebuyers, even if they loved everything else about the house?
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