When The Recession Hits, Will You Be Ready?

Today’s News Synopsis:

Data-driven real estate investing strategy.  The NAHB reported builder confidence dropped eight points to 60 this month with the increase in housing affordability issues.  In addition, the number of homes for sale that saw prices drop was at their highest in 8 years.

In The News:

ATTOM Data Solutions “Bruce Norris’ Data-Driven Real Estate Investing Strategy” (11-19-2018)

“Southern California real estate investor, author and trainer Bruce Norris relies on data to drive his real estate investing strategy.  That means his strategy in preparing for the next recession — which he believes is coming in late 2019 or early 2020 — looks much different than his strategy leading up to the last recession.”

NAHB “Builder Confidence Drops as Housing Affordability Issues Rise” (11-19-2018)

“Growing affordability concerns resulted in builder confidence in the market for newly built single-family homes falling eight points to 60 in November on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).”

National Mortgage News “In tight housing market, lenders get creative to finance garage apartments” (11-19-2018)

“It’s uneconomical to build affordable homes on a large scale. So people in some of the nation’s most crowded housing markets are thinking small.”

ThinkRealty – “How Housing Will Change Now that Millennial Buyers Dominate the Market” (11-19-2018)

“The millennials are about to arrive in force on the national housing market, and, as usual, they are about to change everything.”

Redfin – “Nearly One in Three Homes For Sale in October had a Price Drop – Highest Level Since at Least 2010” (11-19-2018)

“U.S. home-sale prices increased 4.5 percent in October compared to a year ago, to a median of $297,200. October’s year-over-year price increase marks a return to an overall healthy level of price growth after posting a 6.5-year low level of growth in September.”

Bloomberg – “John Williams Sees Fed Likely Raising Interest Rates ‘Somewhat’ More” (11-19-2018)

“The U.S. central bank will stick with its campaign of gradual interest-rate increases to extend the economic expansion and keep inflation low, said Federal Reserve Bank of New York President John Williams.”

Curbed – “How much do house flippers make selling in LA?” (11-19-2018)

“Over the last four years, Los Angeles house flippers have netted profits well in excess of $100,000, according to a new report from LendingHome.”

Medium – “13 First-Time Homebuyers Share Their Biggest Regrets” (11-19-2018)

“Buying your first home is supposed to be an exciting milestone in your life, but as these first-time buyers share, sometimes issues arise that make the process less than smooth.”

Hard Money Loan Closed

Los Angeles, California hard money loan closed. Real estate investor received loan for $330,000 on this single family property appraised for $550,000.

Los Angeles Hard Money Loan

 

California Real Estate Investor Events

Bruce Norris will be presenting his latest market timing report California Real Estate: On Borrowed Time on Saturday, January 26.

 

 

More on Hard Money Loans

Information on Note Investing

Real Estate Investor Education & Resources

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