Out With Old, In With The New!

Today’s News Synopsis:

Zillow released their list of the top trends for 2018.  The National Association of Realtors reported a 5.6% increase in existing-home sales in November, their fastest pace in ten years.  Will Bitcoin become the new method of payment for purchasing a home?

In The News:

National Association of Realtors – “Existing-Home Sales Soar 5.6 Percent in November to Strongest Pace in Over a Decade” (12-20-2017)

“Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years, according to the National Association of Realtors®. All major regions except for the West saw a significant hike in sales activity last month.”

Mortgage Bankers Association“Mortgage Applications Decrease in Latest MBA Weekly Survey” (12-20-2017)

“Mortgage applications decreased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 15, 2017.”

Realtor.com – “Ditch the Drive?  Here’s What Americans Would Give Up to Live in Walkable Communities” (12-20-2017)

“Americans are parking their cars and stepping up to walkable communities—and increasingly, they don’t mind giving up some living space to do so, a new report finds.”

Bloomberg – “How the Tax Bill Will Affect Eight American Families” (12-20-2017)

“From multimillionaires to struggling renters, most everyone will get more money initially. But there is bad news on the horizon.”

Zillow – “Bar Carts, All-White Kitchens Succulents Expected to Go Out of Style in 2018” (12-20-2017)

“Today, Zillow® announced the top home design trends for 2018 and the three soon-to-be forgotten fads from 2017.”

Forbes“This Real Estate Startup Uses Data Science to Predict Home Listings Before They Happen” (12-20-2017)

“It’s well known in the real estate business that agents get most of their work through personal relationships. When someone needs help selling their home, they’ll often turn to the agent who lives three houses down the street or did a great job selling a friend or family member’s property two years ago.”

Inman – “Is bitcoin’s real estate invasion here to stay?” (12-20-2017)

“Homebuyers and sellers are talking to their agents about the surging digital currency, Redfin reports.”

Forbes – “Fair Housing Matters: Discrimination Has No Place In Real Estate” (12-20-2017)

“Title VIII of the Civil Rights Act of 1968 (Fair Housing Act), as amended, prohibits discrimination in the sale, rental and financing of dwellings and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents or legal custodians, pregnant women and people securing custody of children under the age of 18) and disability.”

 

Bruce Norris will be presenting Stay Put or Cash Out with Prosperity Through Real Estate on Tuesday, January 2.

Bruce Norris will be presenting Stay Put or Cash Out with CVREIA on Tuesday, January 9.

Bruce Norris will be presenting Stay Put or Cash Out with Robert Hall & Associates on Wednesday, January 10.

 

Looking Back:

Fannie Mae’s latest Economic and Housing Outlook showed sentiment at its highest in multiple years with the increase in policies promoting growth.  Freddie Mac also reported growth in multifamily investing fundamentals for the third quarter in the Apartment Investment Index.  CoreLogic released their newest Housing Credit Index, which kept track of trends in mortgage credit risk transfers.

 

For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

 

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