Norris Bruce
Jun 12, 2019

White Is White, Right? NOPE!

Today’s News Synopsis:

The personal hell of picking the right white paint.  The Mortgage Bankers Association reported a 26.8% increase in mortgage applications from last week.  Real estate is at a “tipping point” according to John Campbell of Zillow, Redfin and eXp Realty.

In The News:

Realtor.com – “The Personal Hell of Picking the Right White Paint” (6-12-2019)

“White is white … or so I thought when I began my search for the perfect white paint for my home.”

Mortgage Bankers Association “Mortgage Applications Increase in Latest MBA Weekly Survey” (6-12-2019)

“Mortgage applications increased 26.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 7, 2019.”

Business Insider “3 Steps everyone should take if they want to own real estate by age 30” (6-11-2019)

“High housing prices coupled with a soaring cost of living and whopping student loan debt might make buying property before age 30 seem like an unattainable dream — but it doesn’t have to be if you start early enough.”

Inman “Real estate is at a ‘tipping point,’ analyst says” (6-12-2019)

“John Campbell, an analyst with Stephens, is upgrading his investor outlook for Zillow, Redfin and eXp Realty, saying they represent the future while downgrading calls for Realogy and RE/MAX.”

Zillow “Parents Face Greater Struggles Finding a New Home” (6-12-2019)

“Home shoppers with children must overcome more difficulty with searching and financing, and ultimately make more concessions before finding a home they love.”

Bloomberg – “Home-Flipping Trend Weakens as High-Interest Lenders Jump 40%” (6-12-2019)

“Wall Street giants and individual retirees alike have pumped billions into financing home flips in recent years. Now, a slowdown in the flipping business threatens to rain on the party.”

MarketWatch “Selling your home with an ‘instant offer’ could cost you thousands” (6-12-2019)

“It’s not possible to precisely compare iBuyer offers to actual home sale prices, but this comes close.”

National Mortgage News “FHFA asks Congress for power to charter Fannie, Freddie competitors” (6-12-2019)

“The Federal Housing Finance Agency has officially asked Congress to provide it with certain powers granted to other banking regulators, including the ability to charter additional competitors to mortgage giants Fannie Mae and Freddie Mac.”

 

California Real Estate Investor Events

Bruce Norris will be speaking at the Southern California Appraisal Institute’s 22nd Annual Inland Empire Market Trends on Thursday, June 13.

Aaron Norris will be featured on the panel at NAHREP’s event Hot Topics: How To Get Your Business In Shape on Thursday, June 13.

Bruce and Aaron Norris will be speaking at the NSDREI 15th Anniversary Dinner Party on Tuesday, June 18.

 

Looking Back:

Check out these crazy listing pictures.  Delinquency rates were at an 11-year low according to the latest Loan Performance Insight Report from CoreLogic.  What was the most popular thing people were wanting to remodel in their homes?

 

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