Norris Bruce
Jan 16, 2019

Pretty Good, Even If Your Team Is Bad

Today’s News Synopsis:

How do sports stadiums impact real estate?  According to the latest MBA Mortgage Applications Survey, mortgage applications increased 13.5% from last week.  If you are thinking of moving or just want to have more space, what are some of the top 50 things you should consider tossing?

In The News:

NAHB – “Lower Interest Rates Stabilize Builder Confidence” (1-16-2019)

“If home prices and mortgage rates continue their upward trends, more than 1 million American households could get priced out of the housing market.”

Apartment Therapy“The Smart Way My Realtor Quickly Calculates My Home’s Value” (1-16-2019)

“After doing some major renovations on my home, I wanted to determine our return on investment, how much more we could do before our property became over-improved, and if it was worth exploring refinancing.”

ATTOM Data Solutions “Market Trend Data Helps Divvy Challenge the Buy-or-Rent Paradigm” (1-16-2019)

“Divvy Homes is challenging the traditional buy-or-rent paradigm in three Midwestern markets with the help of market trend reports from ATTOM Data Solutions.”

Mortgage Bankers Association “Mortgage Applications Increase in Latest MBA Weekly Survey” (1-16-2019)

“Mortgage applications increased 13.5 percent from one week earlieraccording to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 11, 2019.”

Realtor.com – “Why Mortgage Lending at Wells Fargo, Chase and Citi Plunged” (1-16-2019)

“How low can they go?  With earnings from three of the four biggest banks in, one metric stands in sharp relief. Mortgage lending just keeps plunging.”

Black Knight Financial Services – “Black Knight’s Digital Closing Solution Helps Determine The Best Way To Close A Loan” (1-16-2019)

“Black Knight, Inc. (NYSE:BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced the company’s Expedite Close digital closing solution has been enhanced with advanced intelligence and data recognition capabilities.”

Inman – “How do sports stadiums impact real estate?” (1-16-2019)

“Research found that the sales of homes within close proximity to 12 professional sports team stadiums outpaced the overall metropolitan markets 80% of the time.”

Apartment Therapy – “50 Things to Toss When Moving (Or Just Because You Want to Declutter)” (1-16-2019)

“If you’re about to move, you don’t want to take everything with you. That can get heavy—and expensive. At the same time, resist the urge to toss everything out.

 

California Real Estate Investor Events

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.

Aaron Norris will be presenting Technology Trends and Effects on Real Estate with the South Orange County Real Estate Investment Club on Wednesday, January 30.

Aaron Norris will be presenting Technology Trends and Effects on Real Estate at IVAR on Wednesday, February 6.

 

Looking Back:

Facebook was making changes to their news feed.  Freddie Mac was the top lender in the nation for multifamily properties for the third year in a row.  According to the latest Fed survey, both wage growth and inflation saw signs of an increase in December.

 

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