Today’s News Synopsis:
Homesnap now allows realtors to film and edit videos of their property to be immediately shared on their Instagram. The NAHB reported housing starts increased by a whopping 18.6% in January to 1.23 million. Which metropolitan areas have the highest vacancy rates?
In The News:
Forbes – “Three Important Pieces Of News You May Have Missed About Real Estate Investing” (3-11-2019)
“Prior to the federal government shutdown earlier this year, IRS interpretations of the Tax Cut and Jobs Act of 2017 (TCJA) were issued for expenses and depreciation for real estate, confirming that the time is right for building something, even if not a wall.”
Realtor.com – “Spring Housing Slowdown? No Way! Here’s Where Homes Are Flying Off the Market” (3-11-2019)
“It’s (almost) time to put away the ice scrapers and banish that bulky, battered winter coat to the rear of your closet.”
Zillow – “Zillow Now Buying and Selling Homes in Riverside” (3-11-2019)
“Starting today, home sellers in Riverside, Calif. can use Zillow Offers to request a cash offer from Zillow to buy their home. Riverside is the first California market where Zillow is buying and selling homes.”
ThinkRealty – “Top 10 U.S. Metros for the Highest Vacancy Rates” (3-11-2019)
“For investors, understanding the overall health of a market is imperative to success. One metric — an area’s vacancy rates — can help not only in determining financing needs but also how much you can hope to sell the property for.”
“Millennials represent the largest share of the home buying population in the country, making up about 34 percent of buyers.”
NAHB – “Housing Starts Rebound in January” (3-11-2019)
“Total housing starts rose 18.6 percent in January to a seasonally adjusted annual rate of 1.23 million units from a downwardly revised reading in December, according to a report from the U.S. Housing and Urban Development and Commerce Department that was delayed due to the partial government shutdown.”
Fox Business – “Toys R Us’ real estate arm exits bankruptcy with new name” (3-11-2019)
“Shuttered toy retailer Toys R Us’ real estate subsidiary has emerged from bankruptcy proceedings with a new name and organizational structure, according to a press release on Monday.”
Homesnap – “Homesnap has created the Instagram Stories of real estate” (3-11-2019)
“The search platform now lets agents shoot and edit videos, which can then be pushed to different social networks.”
Bruce Norris will be presenting 10 Decisions To Make Before The Next Downturn with LA South REIA TONIGHT.
Bruce Norris will be presenting 10 Decisions To Make Before The Next Downturn with NorcalREIA on Wednesday, March 13.
Aaron Norris will be presenting Innovating Real Estate Marketing with the Black Inland Empire Real Estate Investment Club on Wednesday, March 20.
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