Today’s News Synopsis:
What’s America’s favorite house style? The National Association of Realtors reported a 4.7% decrease in pending home sales for January. What decor trends should you avoid if you want to successfully sell your home?
In The News:
National Association of Realtors – “Pending Home Sales Stumble 4.7 Percent in January” (2-28-2018)
“After seeing a modest three-month rise in activity, pending home sales cooled considerably in January to their lowest level in over three years, according to the National Association of Realtors.”
Forbes – “Three Big Myths About LA’s Real Estate Bubble” (2-28-2018)
“As real estate investors, prospective homebuyers and brokers look back, 2017 could probably be called “The Year of Real Estate Records.” Dozens of major real estate markets saw rent and home prices continue to rise, sometimes even hitting all-time highs, while building on years of steady growth since the housing collapse a decade ago.”
Mortgage Bankers Association – “Mortgage Applications Increase in Latest MBA Weekly Survey” (2-28-2018)
“Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 23, 2018.”
Realtor.com – “7 Home Decor Trends to Avoid If You Hope to Sell Your Home” (2-28-2018)
“There’s a huge difference between decorating for your own pleasure and spiffing up your home to sell. If you’re staying put and pining for a purple bathroom, go for it! The resale value of your eclectic tastes don’t apply.”
ATTOM Data Solutions– “Leveraging Real Estate Data to Identify, Understand and Engage Affluent Customers” (2-28-2018)
“Based in San Francisco, Windfall is a data company that is changing the way data-driven organizations identify, understand, and engage affluent consumers.”
Forbes – “Nook Real Estate Markets Every Home As A Luxury Property. No Matter Price” (2-28-2018)
“Nook Real Estate started a year ago by Chief Marketing Officer, Derek May along with real estate broker John Parenti and a small group of investors is out to change the way residential real estate is bought and sold.”
Money – “This Is the Most Popular Style of House in America Right Now” (2-28-2018)
“A new poll says the craftsman-style home is America’s favorite kind of house — and whether you agree likely depends on your age.”
“The Los Angeles City Council has spent two years grappling with how to regulate short-term rentals through popular platforms such as Airbnb. On Tuesday, county lawmakers took up the question. The Board of Supervisors approved a motion to begin assessing the effect of such rentals on housing availability and affordability in unincorporated areas.”
Hard Money Loan Closed
Highland, California hard money loan closed. Real estate investor received loan for $180,000 on this single family property appraised for $279,000.
Bruce Norris will be speaking at the 2018 Real Estate Market Forecast in Ontario, California on Wednesday, March 7.
Bruce Norris will be presenting Stay Put or Cash Out with NorcalREIA on Wednesday, March 14.
Bruce Norris will be presenting Cashing In On A Boom: Investing In Quadrant 4 With Bruce Norris in Sacramento on Saturday, March 17.
The latest S&P/Case-Shiller Index showed home prices increased 5.8% to their highest in 2 1/2 years. Interest rates also continued to show an upward trend according to the latest report from the Federal Housing Finance Agency. Freddie Mac released their latest outlook for this month on this day.
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.