Who’s Crystal Ball Is Right?

Today’s News Synopsis:

The 2020 predictions are rolling in.  The Mortgage Bankers Association reported mortgage applications decreased 9.2% from last week.  Which U.S. cities are the best for biking?

In The News:

Redfin “Redfin Unveils the Best U.S. Cities for Biking in 2020” (12-4-2019)

“Minneapolis, Portland, OR and Chicago are the most bikeable cities in the U.S. for the second year in a row.”

Realtor.com “The Biggest Changes Coming in 2020 Real Estate – and What Buyers and Sellers Need to Do” (12-4-2019)

“Ten years ago, many homeowners were desperately hoping to hang on to their homes.”

CNBC “Next year will be hard on the housing market, especially in these big cities” (12-4-2019)

“Home sales will drop, the housing shortage could become the worst in U.S. history, and home values will shrink in some cities.”

Mortgage Bankers Association “Mortgage Applications Decrease in Latest MBA Weekly Survey” (12-4-2019)

“Mortgage applications decreased 9.2 percent from one week earlieraccording to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 29, 2019.”

HousingWire “Boomers likely to gridlock the housing market in 2020” (12-4-2019)

“U.S. home sales probably will fall next year as Baby Boomers gridlock the housing market by aging in place, according to a forecast from realtor.com.”

Fast Company “The future of housing looks nothing like today’s” (12-4-2019)

“What does a living room have to do with living?  When Lisa Cini and her husband, kids, and rescue dog moved in with her parents and grandmother a few years ago, the Ohio-based architect pored over the design of her 94-year-old grandma’s bedroom ‘apartment.'”

Yahoo Finance “What to expect from the housing market in 2020” (12-4-2019)

“With low mortgage rates and a limited number of available homes for sale, the 2019 housing market brought both hope and frustration to prospective homebuyers. The good news is, next year is looking up for the housing market.”

Mansion Global “Millennials Will Propel the U.S. Housing Market in 2020” (12-4-2019)

“Millennials are anticipated to drive the U.S. housing market forward in 2020 more than ever, with large cohorts expected to either purchase their first home or decamp from city to suburb and trade up, according to an economic forecast published by realtor.com on Wednesday.”


California Real Estate Investor Events

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with SDCIA on Tuesday, December 10.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with Robert Hall & Associates on Wednesday, January 8.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OCREIA on Thursday, January 9.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with CVREIA on Thursday, January 14.

Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.


Looking Back:

Want to live in expensive markets and save money?  Fannie Mae’s Doug Duncan was featured this week saying that all of his forecasts and analyses were not just for making the public aware, but also for the benefit of everyone in the real estate industry from consumers to lenders and investors.  An old bill that didn’t make it past the first committee meeting this year was brought back that would push for more apartments and condominiums near transit.


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