Today’s News Synopsis:
Taxed to the hilt, more homebuyers are migrating to Florida. Spending on construction decreased by 0.8% in May, the first time in six months to see a decrease. With the increase in iBuyers, it is important to hear what they have to say.
In The News:
HousingWire – “Construction spending retreats 0.8% in May” (7-1-2019)
“Spending on U.S. construction fell 0.8% in May, the first drop in six months, as home building fell for a fifth straight month.”
Forbes – “Is Rila Mobile App The Instagram of Real Estate?” (7-1-2019)
“Buying, selling, renting and listing a home is too complicated. Rila, a new mobile real estate app wants to flip that reality on its head.”
Realtor.com – “Should You Sell Your Home – or Rent It Out? 4 Times to Hang On Tight” (7-1-2019)
“While many homeowners reach a point where they decide to sell their place, here’s an alternative I’m considering for my own home: Rather than sell, I may rent it out instead.”
Mortgage Bankers Association – “MBA Releases Q1 Commercial/Multifamily DataBook” (7-1-2019)
“The Mortgage Bankers Association’s (MBA) first quarter of 2019 Commercial/Multifamily DataBook is now available.”
Curbed – “YIMBY in action: How pro-housing policies became a political rallying cry” (7-1-2019)
“Birthed by the housing crisis, can a push to build more homes become the centerpiece of a political coalition?”
Realtor Magazine – “‘You Can’t Afford to Ignore iBuyers'” (7-1-2019)
“With the emergence of iBuyers—companies that make quick, all-cash offers to home sellers online—the selling process stands to change dramatically for consumers.”
Wall Street Journal – “American Suburbs Swell Again as a New Generation Escapes the City” (7-1-2019)
“This Raleigh, N.C., suburb was declared the best place to live in America by a national magazine in 2015, around the time Lindsay and Terry Mahaffey were drawn by its schools, affordable housing and quaint downtown.”
AP News – “Taxed to the hilt, more homebuyers are migrating to Florida” (7-1-2019)
“Fed up with the high taxes and regulation back home in New York, retired officer Thomas Maloney and his wife, real estate agent Theresa Hart, are looking to offload a home in Long Island — quickly.”
Hard Money Loan Closed
Palm Springs, California hard money loan closed. Real estate investor received loan for $465,000 on this single family property appraised for $775,000.
Aaron Norris will be presenting Innovative Real Estate Marketing with LA South REIA on Monday, July 8.
Aaron Norris will be presenting Innovative Real Estate Marketing with LA South REIA on Wednesday, July 10.
Bruce Norris will be speaking at the ThinkRealty Irvine Conference & Expo on Saturday, July 13.
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