Today’s News Synopsis:
What are the other benefits of affordable housing? The latest Home Purchase Sentiment Index from Fannie Mae showed a 3.4% increase in housing confidence, putting it now at 91.7. The effects of the housing crisis are now being felt in smaller cities, not just the big ones.
In The News:
Yahoo – “America’s Housing Crisis Is Spreading To Smaller Cities” (5-7-2018)
“It is a familiar sight in America: the public meeting, the angry residents, the housing developer trying to explain himself over the boos.”
Bloomberg – “Freddie Mac Is Quietly Helping Out the U.S.’s New Mortgage Kings” (5-7-2018)
“Freddie Mac has quietly started extending credit to nonbanks that issue mortgages, a move it says will help the companies maintain access to a crucial stockpile of cash if their home loans go sour.”
Fannie Mae – “Housing Confidence Hits New All-Time High” (5-7-2018)
“The Fannie Mae Home Purchase Sentiment Index (HPSI) rose 3.4 points in April to 91.7, marking a new all-time survey high.”
MarketWatch – “Americans haven’t been this optimistic about house prices since just before the crash” (5-7-2018)
“House prices are soaring and, despite warnings from some analysts, most Americans believe they will continue to soar. A majority of U.S. adults (64%) continue to believe home prices in their local area will increase over the next year, a survey released Monday by polling firm Gallup concluded.”
Realtor.com – “The Next Urban Powerhouses: 10 Smaller Cities Poised to Skyrocket” (5-7-2018)
“Everyone obsesses over the handful of smaller cities that got the secret formula just right and have exploded into some of the nation’s biggest economic and trendsetting powerhouses.”
CoreLogic – “CoreLogic To Offer Consumer Search Sites Powered By Homes.Com” (5-7-2018)
“CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced an agreement with Homes.com to offer consumer-facing real estate websites to its multiple listing clients.”
HousingWire – “NLIHC reveals benefits of affordable housing” (5-7-2018)
“May 1st through the 8th is National Housing Week of Action, and several companies and nonprofit organizations are using this time to promote affordable housing and the benefits it brings to the community.”
Inman – “How the robot invasion will set real estate agents free” (5-7-2018)
“What would happen if there were an entirely new way for you to generate and convert leads that stopped advertisers and portals from “spying” on your online behavior, that no longer relied on IDX, that put consumers and real estate agents back at the center of the transaction and that was capable of having an entirely different type of dialogue with your customers?”
Bruce Norris will be presenting Stay Put or Cash Out with the OCRE Forum on Wednesday, May 9.
Bruce Norris will be speaking at the 2018 AOA Million Dollar Trade Show and LandLording Conference on Tuesday, May 15.
Bruce Norris will be giving his latest Market Update with the Riverside County Escrow Association Tuesday, May 15.
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