Norris Bruce
Jan 07, 2019

Parents Buying Homes For Kids Is One Way To Find Affordable Housing

Today’s News Synopsis:

Can’t afford a house?  Ask mom and dad.  A new app was just developed by an Australian company, Fologram, that will allow you to see a 3D design of your blueprint in the real world.  According to a recent survey by Redfin, the two groups that believe stock is a better investment than real estate are Gen-Xers and Older Millennials.

In The News:

Forbes – “The Best Markets For Real Estate Investments In 2019” (1-7-2019)

“This coming year, most real estate investors will want to stay away from the cities with soaring prices, where they’re more likely to end up holding the bag than to strike it rich.

Curbed “AR app turns 3D models into life-size building instructions” (1-7-2019)

“Augmented reality has given the design world interactive postage stamps, digital tape measures, and the ability to visualize Ikea furniture in your apartment.”

ATTOM Data Solutions – “The Evolution of the AVM” (1-7-2019)

“Love ’em or hate ’em, AVMs are a mainstay in how buyers and industry professionals gauge the worth of a property. It’s been that way since Zillow first introduced the world to the AVM by way of the Zestimate.”

ThinkRealty – “Fannie: Despite Added Headaches, Mortgages Can Be Issued Amid Gov Shutdown” (1-7-2019)

“It might be more of a pain, but Fannie Mae says that lenders can continue to originate mortgages during a government shutdown that has no end in sight.”

MarketWatch – “As housing costs remain high, parents buy homes to give their kids a leg up” (1-7-2019)

“In some housing markets, 25% of sales involve a co-buyer, such as a parent or other relative.”

Redfin – “Survey: Gen-Xers & Older Millennials Believe Stocks are a Better Investment than Real Estate” (1-7-2019)

“Less than half of homebuyers and sellers between the ages of 35 and 44 believe that real estate is a better long-term investment than the stock market, according to a survey Redfin commissioned in December of more than 2,600 people nationwide who bought or sold a home in the last year, attempted to do so, or have plans to buy or sell soon.”

CNBC – “More Americans think it’s a bad time to buy a home” (1-7-2019)

“More Americans think it is a bad time to buy a home, as fewer potential buyers can afford what is on the market.  The share of Americans who think it is a good time to buy a home just dropped sharply, according to a December survey from mortgage giant Fannie Mae.”

Philly “Opportunity Zones: rules finally come out, and yup, they’re complex (but manageable)” (1-7-2019)

“The U.S. Treasury recently proposed some rules surrounding the juicy tax deferral opportunity known as Opportunity Zones, and yes, they’re complex.”



California Real Estate Investor Events

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with Robert Hall & Associates on Wednesday, January 9.

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with OCREIA on Thursday, January 17.

Bruce Norris will be presenting his newest market timing report California Real Estate: On Borrowed Time on Saturday, January 26.



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