Today’s News Synopsis:
You’ve heard of the mini homes for cats, but a restaurant for squirrels? The Mortgage Bankers Association reported mortgage applications decreased 3.3% from last week. Pending home sales decreased last month, leading the NAR to believe the slump in the housing market is only temporary.
In The News:
National Association of Realtors – “NAR Calls Housing Market Slump Temporary as Pending Home Sales Fall in March” (4-29-2020)
“Pending home sales fell in March, seeing expected declines as a result of the coronavirus outbreak, according to the National Association of Realtors.”
Realtor.com – “12 Outrageous Household Coronavirus Myths You Should Stop Believing Immediately” (4-29-2020)
“If your social media feeds are flooded with advice on how to kill or contain the novel coronavirus, it can start to become difficult to separate fact from fiction: Can you really catch COVID-19 from your beloved family pet?”
Mortgage Bankers Association – “Mortgage Applications Decrease in Latest MBA Weekly Survey” (4-29-2020)
“Mortgage applications decreased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 24, 2020.”
Apartment Therapy – “One Man Built a Mini Restaurant for Squirrels in His Front Yard” (4-28-2020)
“Having found himself bored in self-quarantine, James Vreeland from Detroit has kept himself busy by opening a restaurant in his own front yard.”
CNBC – “Fed holds rates near zero — here’s what that means for you” (4-29-2020)
“The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis.”
Forbes – “Will House Prices Remain Stable Despite Property Market Lockdown?” (4-29-2020)
“As weeks settle into months under the coronavirus lockdown in the U.K., the latest analysis from Zoopla and Hometrack suggests that the pause button has been pushed on 373,000 property transactions, with the combined estimated value of this figure rounding out at approximately £82 billion.”
HousingWire – “Loan officers can manage expectations between borrowers and appraisers” (4-29-2020)
“Tips to achieving higher customer satisfaction.”
WFYI – “Coronavirus Changing How Local Real Estate Agents Work” (4-29-2020)
“Spring is often the best time of year to buy or sell a home, but the COVID-19 pandemic slowed real estate transactions this year.”
Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing With NorcalREIA on Wednesday, June 10.
Bruce and Aaron Norris will be presenting Keep-Sell-Create in Sacramento on Saturday, June 20.
The Norris Group presents its award-winning black-tie event I Survived Real Estate 2020 on Friday, September 18.
Millennial homebuyers not getting creative. If you want to buy a home, what are six phrases you should never use in your letter giving an offer? Where were the top places where millennials were moving?
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