Today’s News Synopsis:
What are the most favorable markets for tech expansion? The fourth quarter saw an 8.8% increase in new home sales, the biggest increase in over two years. Where are the best places to live in 2020?
In The News:
Redfin – “New-Home Sales Surge in the Fourth Quarter as Inventory Tumbles, Prices Flatten” (2-11-2020)
“New-home sales rose 8.8% year over year in the fourth quarter, the biggest gain in more than two years and the third-consecutive quarter of increases, driving continued depletion of inventory in the market.”
Mortgage Bankers Association – “Mortgage Delinquencies Decrease in Fourth Quarter of 2019” (2-11-2020)
“The delinquency rate for mortgage loans on one-to-fourunit residential properties decreased to a seasonally adjusted rate of 3.77 percent of all loans outstanding at the end of the fourth quarter of 2019, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.”
“Mortgage rates are resting near record lows — and that’s spurring a wave of refinancing activity as Americans look to take advantage of the savings a cheaper interest rate could bring.”
HousingWire – “RE/MAX launches new tool that lets agents make custom listing commercials” (2-11-2020)
“Real estate company RE/MAX has launched a new tool on its RE/MAX Hustle website, giving agents the ability to create custom, professional commercials for each of their listings.”
Curbed – “Where To Live In 2020” (2-11-2020)
“In 2020, finding a place to live is a fraught affair. Amid a nationwide affordable housing crisis, the inability to move freely about the country means certain communities are out of reach for many Americans.”
CoreLogic – “CoreLogic Reports U.S. Overall Delinquency Rate Lowest for a November in at Least 20 Years” (2-11-2020)
“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report.”
Realtor Magazine – “Marijuana Becomes Growing Issue in Real Estate” (2-11-2020)
“As more states move to legalize recreational and medical marijuana, the real estate industry is increasingly being impacted. For one, commercial practitioners are finding increased demand for land, warehouses, and storefronts used for growing and selling marijuana.”
Southern Living – “More Millennials Are Buying Homes Without Real-Estate Agents” (2-11-2020)
“In the words of Bob Dylan, “the times they are a-changin’.” Despite evidence to the contrary, a new report from real-estate listing site Clever found that millennials are, in fact, buying homes—they’re just not doing it the way their parents did.”
Zillow – “Why The Most Favorable Markets for Tech Expansion Aren’t Where You Might Think” (2-11-2020)
“Widely recognized tech hubs including the San Francisco Bay Area and Seattle are no longer the obvious spots for large tech companies to expand and/or for new startups to set up shop.”
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OC FIBI on Tuesday, March 3.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with NorcalREIA on Wednesday, March 11.
Bruce and Aaron Norris will be presenting their latest Florida Buying Bootcamp 2020 Thursday-Friday, March 19-20.
20 things to consider beyond the inspection. A big problem in America was not enough housing was being built. However, on a positive note, this was how 2018 ended with commercial/multifamily borrowing increasing 14%.
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