Today’s News Synopsis:
Where are all the renters going? Mortgage applications decreased 1.2% from last week according to the Mortgage Bankers Association. Existing-home sales, meanwhile, increased by 3.6% last month.
In The News:
Apartment Therapy – “How Much Does It Cost to Rent an RV?” (1-22-2020)
“An RV, or recreational vehicle, is best described as a home on wheels. Designed for life on the road, most of them have a sleeping area, living quarters, a bathroom, and a kitchen.”
Mortgage Bankers Association – “Mortgage Applications Decrease in Latest MBA Weekly Survey” (1-22-2020)
“Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2020.”
Forbes – “How The Best Real Estate Agents Leverage Social Media” (1-22-2020)
“For the first decade of my career, I was relentless on the phones in my pursuit to be a top real estate agent.”
National Association of Realtors – “Existing-Home Sales Climb 3.6% in December” (1-22-2020)
“Existing-home sales grew in December, bouncing back after a slight fall in November, according to the National Association of Realtors.”
Realtor.com – “Generation Z Is Buying Homes: Here’s What You Need to Know About This Group” (1-22-2020)
“Move over, millennials. Forget Generation X. (Everyone else seems to have already done so).”
Apartment List – “Apartment List Renter Migration Report: 2020 Q1” (1-22-2020)
“Welcome to the Apartment List’s first quarterly Renter Migration Report of the new decade! In this report, we analyze data on millions of searches to see where our users are preparing to move, shedding new light on the migration patterns of America’s renters.”
Business Insider – “Millennials still want to buy homes, and they’re using 4 strategies to make it happen” (1-22-2020)
“As millennials start to buy homes, it’s obvious how the challenges they’ve faced have changed their perspectives on homebuying.”
Forbes – “Single Women Own More Homes Than Single Men – But They Pay More, Too” (1-22-2020)
“Single women have closed one gender gap just to open another. According to a new analysis from loan marketplace LendingTree, single women own more homes than single men do—about 1.5 million more, to be exact.”
OneZero – “Millennials Love Zillow Because They’ll Never Own a Home” (1-22-2020)
“The apartment I found on Zillow has cornflower blue walls and original details, with crown molding still intact — a rarity among today’s bleached and flavorless condo renovations.”
Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with LA South REIA on Monday, February 10.
Bruce and Aaron Norris will be presenting their latest Florida Buying Bootcamp 2020 Thursday-Friday, March 19-20.
Drop in home sales has real estate agents baffled. Existing-home sales decreased 6.4% in December. It was not a good idea for first-time homebuyers to rush into the market to buy this year.
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