Norris Bruce
Sep 04, 2019

What About That Home Makes You Tick?

Today’s News Synopsis: listed 11 quirks that can prevent you from selling your home?  The Mortgage Bankers Association reported a 3.1% decrease in mortgage applications from last week.  Building permits in California decreased 10% last month to their lowest since the recession.

In The News:

Mortgage Bankers Association “Mortgage Applications Decrease in Latest MBA Weekly Survey” (9-4-2019)

“Mortgage applications decreased 3.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 30, 2019.” “11 Surprisingly Tiny Home Quirks That Can Stop a Sale in Its Tracks” (9-4-2019)

“Ever spend the night at a friend’s or relative’s house where they reveal some quirky shortcoming in their home?”

Inman – “California building permits drop to lowest level since recession” (9-4-2019)

“Building permits in California plunged 10 percent in July, the lowest level since the Great Recession in 2008, according to the state’s Legislative Analyst’s Office.”

Zillow “Zillow Group Announces Proposed Offerings of $500 Million of Convertible Senior Notes due 2024 and $500 Million of Convertible Senior Notes due 2026” (9-4-2019)

“Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG) announced today that it intends to offer, subject to market and other conditions, $500 million aggregate principal amount of its convertible senior notes due 2024 (the “2024 Notes”) and $500 million aggregate principal amount of its convertible senior notes due 2026 (the “2026 Notes”) in a private placement under the Securities Act of 1933, as amended (the “Securities Act”).”

Apartment Therapy “How to Know If You Have Hard Water (and What That Even Means)” (9-4-2019)

“Water is one of those things that’s just sort of… there. As long as the tap turns on, you don’t really think about it.”

Redfin “10% of Redfin Offers Faced Bidding Wars in August, a New 8-Year Low” (9-4-2019)

“Just 10.4 percent of offers written by Redfin agents on behalf of their homebuying customers faced a bidding war in August, down from more than 42 percent a year earlier. That overtakes last month’s 11.4 percent bidding-war rate as the lowest on record since at least 2011.”

MarketWatch “10 of the cheapest places in America for retirees to live” (9-4-2019)

“The cities and towns that are the most — and least — expensive for the over-65 set, according to a new study.”

Bloomberg “These Are the World’s Most Liveable Cities in 2019” (9-4-2019)

“Time to tell your smug New York friends that they’ve made the wrong life choice: The world’s most liveable cities are generally less global capital, more regional second city, a new ranking shows.”


California Real Estate Investor Events

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with SDIC on Thursday, September 5.

Bruce Norris will be presenting his latest talk 10 Decisions To Make Before The Next Downturn with SJREI on Thursday, September 12.

Bruce Norris will be presenting Cashing In On A Boom: Creating Value In A Tight Market on Saturday, September 14.


Looking Back:

New home looks like a deal…Although the U.S. continued to remain a seller’s market, more were holding out to sell.  With this news, home prices increased 6.2% in July since the owners were waiting to sell in anticipation for an increased ROI.


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