Will You Need a Garage in the Future?

Today’s News Synopsis:

Where will you live when self-driving cars take over the roads?  Home prices in California are at their highest levels since the bubble with median prices increasing almost 10% in Southern California.  In addition to prices, home equity loans are also expected to increase drastically.

In The News:

CNBC – “Home equity loans set to soar along with home prices” (10-24-2017)

“Ever since the epic housing crash of the last decade, homeowners have been incredibly conservative with their housing debt.”

CoreLogic – “CoreLogic To Offer Savvycard to Multiple Listing Clients” (10-24-2017)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced an agreement to offer SavvyCard® to its multiple listing clients as a new social marketing service that helps subscribers deepen relationships with clients and prospects.”

Inman – “Over 80 percent of real estate pros use an iPhone for work” (10-24-2017)

“The typical American household in 2017 owns more than two Apple products, and even as Samsung and Apple duke it out for top smartphone market share, the real estate industry appears to have a clear favorite: iOS.”

Democrat & Chronicle (USA Today) – “Low inventory leads to intense housing market” (10-24-2017)

“When David Richard and his girlfriend Kate Burt decided to buy a home earlier this year, they knew it was a competitive real estate market. Sellers of homes in the $175,000 to $225,000 range in good condition in east sidesuburbs were receiving multiple offers, often over asking price.”

MarketWatch“Here’s where you’ll live when self-driving cars rule the roads” (10-24-2017)

“Today’s cars and trucks aren’t just faster and more efficient. Their very shapes have changed, turning them into spaces to work or rest as you travel.”

HousingWire“Avoid the Folsom Prison blues: Why eNote adoption is on the rise” (10-24-2017)

“I recently made my first visit to Nashville while attending an industry conference.  If I learned two things about the city, it’s that life starts after midnight and Johnny Cash maintains a strong presence in Music City.”

Los Angeles Times“Home prices in Southern California reach bubble-era highs” (10-24-2017)

“Southern California home prices in September tied an all-time high, as the white hot real estate market continued to surge ahead and raise concerns over housing affordability.”

Wall Street Journal – “Is Airbnb a Boom or a Bane for Tenants?  Boomers and Millennials Disagree” (10-24-2017)

“Apartment landlords have been wrestling with the question of whether allowing tenants to rent their units out as hotel rooms on sites like Airbnb.com is an amenity or a nuisance for their tenants.”

 

Bruce Norris will be speaking at the Cutting-Edge Financial Tactics Brunch on Saturday, October 28.

Bruce Norris will be speaking at the Cutting-Edge Financial Tactics Brunch on Saturday, October 28.

Aaron Norris will be presenting Technology Trends and Effects on Real Estate with LA South REIA on Monday, November 13.

 

Looking Back:

ATTOM Data Solutions released their latest data on the single-family rental market for the third quarter, showing which markets were the best for these homes.  A similar report was released by Ten-X showing the best markets for single-family non-rentals, Florida and Las Vegas being at the top.  More and more people who wanted to own a luxury apartment in New York were wanting one thing in particular: driveways.

 

For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

 

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