Norris Bruce
Nov 21, 2019

They Have Only Begun To Disrupt

Today’s News Synopsis:

House-flipping is just the start of Zillow’s evolution.  Mortgage rates fell back this week with 30-year rates now at 3.66% and 15-year rates at 3.15%.  Existing home sales increased by 1.9% last month according to the National Association of Realtors.

In The News:

Freddie Mac “Mortgage Rates Rescind” (11-21-2019)

“Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.66 percent.”

Zillow “U.S. Rents Continue to Rise as For-Sale Inventory Dries Up” (11-21-2019)

“National rent growth is on the rise, according to the October Zillow® Real Estate Market Report.  The rate of year-over-year appreciation has increased in each of the past four months.”

NAHB “Multifamily Builder and Developer Confidence Weakens Slightly in Third Quarter” (11-21-2019)

“Confidence in the market for new multifamily housing weakened slightly in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB).”

ATTOM Data Solutions “Home Prices Rise Annually Across Most Opportunity-Zone Redevelopment Areas” (11-21-2019)

“ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second special report analyzing qualified Opportunity Zones established by Congress in the Tax Cuts and Jobs act of 2017 (see full methodology below).”

National Association of Realtors “Existing-Home Sales Climb 1.9% in October” (11-21-2019)

“ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its second special report analyzing qualified Opportunity Zones established by Congress in the Tax Cuts and Jobs act of 2017 (see full methodology below).”

U.S. News “Buying a House in 2020: What to Know” (11-21-2019)

“If you’re hoping to secure a new address in 2020, you’ve picked an excellent time to enter, or re-enter, the real estate market.”

Forbes “13 Essential Questions Real Estate Investors Should Ask Before Making An Offer” (11-21-2019)

“Real estate investment comes with multiple benefits, including the potential for generating strong revenue if executed properly.”

Redfin “Zillow CEO: House-flipping is just the start in the online real estate disruptor’s evolution” (11-21-2019)

“Zillow’s house-flipping business is a launch pad into further transforming the homebuying experience, CEO Richard Barton told CNBC.”

 

California Real Estate Investor Events

Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing with Pasadena FIBI TONIGHT.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with SDCIA on Tuesday, December 10.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OCREIA on Thursday, January 9.

Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.

 

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