Sep 27, 2019

Text Your View on the Economy To thenorrisgroup at 22333

 How are you feeling about the economy? Text thenorrisgroup to 22333 and then text in your one-word answer. We’re preparing for I Survived Real Estate 2019, and this will launch our conversation tonight with Jim Park with The Mortgage Collaborative, John Burns with John Burns Real Estate Consulting, and

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Sep 26, 2019

Start at the Bottom, Go Toward The Top

Today’s News Synopsis: Homebuyers as a whole who bought at the bottom of the market in 2012 have now earned over $203 billion in equity.  After having shown improvements, mortgage rates decreased this week with 30-year rates now at 3.64% and 15-year rates at 3.16%.  Pending home sales increased 1.6%

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Sep 25, 2019

iBuyer Beware!

Today’s News Synopsis: Bernie Sanders housing plan would not be good for iBuyers.  The NAHB reported new homes sales increased by 7.1% in August, a healthy gain.  Mortgage applications, meanwhile, decreased 10.1% from last week. In The News: NAHB – “New Home Sales Post Solid Gains in August” (9-25-2019) “Sales of

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Sep 24, 2019

Suburbia Is Hip and Happening In 2020

Today’s News Synopsis: Apparently, the new trend suburbs are preparing for in 2020 is “Hipsturbia.”  Where’s the easiest place to live in America if you don’t have a car?  According to Zillow, more and more Americans are moving out much later in life and less often. In The News: MarketWatch –

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Sep 23, 2019

People Are Concerned With Moving Into A Community Where They’re In The Political Minority

Today’s News Synopsis: When politics influence home buying and selling.  According to the latest survey from the National Association of Realtors, over half of consumers say now is a good time to buy a home.  Commercial and multifamily mortgage delinquencies continued to remain low in the second quarter of this

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Sep 20, 2019

So What Is An Opportunity Zone? #470

 Real Estate News Recap: Housing Starts Post Healthy Gains in August Mortgage Applications Flat in Latest MBA Weekly Survey Existing-Home Sales Increase 1.3% in August Mortgage Rates Jump Top 10 U.S. Counties with Worst Foreclosure Rates in August 2019 Offerpad wants to get buyers in a new house in

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Sep 19, 2019

It’s Like The Real Estate Disruptor Dating Game Out There

Today’s News Synopsis: Zillow is partnering with builders.  The National Association of Realtors Reported existing-home sales increased by 1.3% in August.  Mortgage rates increased greatly this week with 30-year rates now at 3.73% and 15-year rates at 3.21%. In The News: Freddie Mac – “Mortgage Rates Jump” (9-19-2019) “Freddie Mac (OTCQB: FMCC)

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Sep 18, 2019

A Painting For a Tax Break?

Today’s News Synopsis: Affluent art collectors may have an opportunity at a tax break thanks to opportunity zones.  Housing starts showed a healthy increase in August at 12.3%.  Mortgage applications remained relatively the same, having decreased by only 0.1%. In The News: NAHB – “Housing Starts Post Healthy Gains in August”

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Sep 17, 2019

PadSplit Says Single Rooms Are Ready For A Comeback

Today’s News Synopsis: Are single-room rentals the future of low cohousing?  New home purchase mortgage applications increased 33% last month according to the Mortgage Bankers Association.  The NAHB reported builder confidence increased one point to 68 this month, putting it at a yearly high. In The News: NAHB – “Builder Confidence

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Sep 16, 2019

2 New Speedy Programs; Offerpad Instant Own and Offerpad Buyer Boost

Today’s News Synopsis: Offerpad wants to get buyers in a new house in 24 hours.  Where are the top ten cities where those in the tech industry can afford to live?  Which counties have the worst foreclosure rates for August? In The News: Inman – “Offerpad wants to get buyers in

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