opportunity zones

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” (9-18-2019) “Led by a surge …

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Deal Would Cap Annual Rent Increases At 5% Plus Inflation and 10% Max

Today’s News Synopsis: California governor announces deal to cap rising rents.  Home prices increased slightly in July by 3.6% year-over-year.  Which age group is driving home prices up again?  Believe it or not, it’s the older millennials. In The News: HousingWire – “Artificial intelligence in residential real estate: Reality or hype?” (9-3-2019) “Every few years, the …

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Bruce and Aaron

Florida Real Estate and Opportunity Zones With Bruce and Aaron Norris #656

This week’s radio guests are The Norris Group’s very own Bruce and Aaron Norris coming to us from Florida. As part of their Florida seminar, they decided to add some new chapters, and they had no idea how far down the rabbit trail they would go on one of them.  Episode Highlights What is the Florida …

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More Than Just A Tax Break

Today’s News Synopsis: Understanding Opportunity Zones.  Mortgage rates increased this week with 30-year rates now at 3.81% and 15-year rates at 3.23%.  U.S. Median Home Prices Reach A New Peak In Q2 2019, up 10.8% from the previous quarter and 6.4% year-over-year. In The News: Inman – “Understanding the nuances of opportunity zones” (7-18-2019) “Opportunity Zones …

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Ouch! How Much Did That Set Us Back?!

Today’s News Synopsis: What’s a common mistake homeowners make that can be very costly?  Where are the 10 neighborhoods in America that are seeing the fastest-growing gentrification?  Despite an increase in enthusiasm for opportunity zones, surprisingly more are not buying into it. In The News: MarketWatch – “Will Uber’s IPO really boost San Francisco house prices?” …

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No. 1 Reason….Livability

Today’s News Synopsis: Homeowners love their DIY remodels says N.A.R. survey.  The Mortgage Bankers Association reported a 9.8% decrease in mortgage applications from last week.  Where are we at in terms of opportunity zones this year? In The News: Zillow – “California Captured One-Third of the National Housing Recovery” (1-3-2019) “The U.S. housing market is more valuable …

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