Today’s News Synopsis:
Can’t afford a bigger home? The National Association of Realtors reported a 0.6% decrease in existing-home sales last month. 72 million homes are expected to run on solar power by 2030.
In The News:
Freddie Mac – “Freddie Mac July Forecast: Home Sales Could Grow if Inventory Improves” (7-23-2018)
“Exceptionally low housing supply and weaker affordability slowed the housing market in the first half of 2018, but total sales activity should still slightly top year-ago levels, according to Freddie Mac’s (OTCQB:FMCC) July Forecast.”
Realtor.com – “Here are America’s Most Profitable Housing Markets: Cash In!” (7-23-2018)
“Throwing down some hard-earned cash on blackjack or craps at the local casino is enough to make some folks break out into a cold sweat.”
National Association of Realtors – “Existing-Home Sales Subside 0.6 Percent in June” (7-23-2018)
“Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the National Association of Realtors.”
Builder Online – “By 2030, 72 Million New Homes Will Run On Solar” (7-23-2018)
“Based on current trends in solar energy adoption across the world, analysts at Bloomberg New Energy Finance estimate that of the 238 million new households with access to electricity set to form between now and 2030, 72 million will use solar home systems, while 34 million will benefit from microgrids and decentralized energy systems.”
Bloomberg – “America Has a Lot of Parking Spaces. It’s a Problem” (7-23-2018)
“In crowded coastal cities, they’re getting way too valuable to keep giving away to commuters for free.”
MarketWatch – “Propy Announces the First California Property Sale on the Blockchain” (7-23-2018)
“Propy, a global real estate store with a decentralized title registry, today announced the execution of the first comprehensive blockchain-recorded property deal in California. ”
CNBC – “Can’t afford a bigger home? Try renting out the one you have” (7-23-2018)
“Today’s housing market is so competitive and pricey that even those homeowners who might want to move up to a larger home are staying put.”
Chain Store Age – “Home goods retailer Overstock.com makes push into real estate” (7-23-2018)
“Overstock.com is entering the real estate market — again. The online home goods discounter announced it will launch a platform for retail estate, called “O Real Estate,” in September.”
Hard Money Loan Closed
Desert Hot Springs, California hard money loan closed. Real estate investor received loan for $160,000 on this single family property appraised for $253,000.
Bruce Norris will be speaking at the Stay Put or Cash Out with LA REIA on Tuesday, August 7.
Bruce Norris will be presenting Cashing In On A Boom on Saturday, Septemeber 8.
Bruce Norris will be speaking at the Stay Put or Cash Out with SJREI on Thursday, Septemeber 13.
More on Hard Money Loans
Information on Note Investing
- Florida mortgage investing or call (407) 706-9700
- California trust deed investing call (951) 780-5856
Real Estate Investor Education & Resources
- Upcoming real estate investor speaking engagements and training
- Real Estate radio show and podcast
- Weekly news and videos
- Free Investor Roadmap – How to get started in real estate investing
- Free access to our web portal for real estate investors