Today’s News Synopsis:
Homeowners in Amazon’s zip code didn’t want to sell in 2019. New home sales decreased last month; but despite this, things look positive for the home-building industry. You can now have Star Wars in your basement with a new Los Angeles luxury mansion – you would just need $26.5 million.
In The News:
MarketWatch – “Sales of new homes fell in December, but the future looks bright for the home-building industry” (1-27-2020)
“With Americans struggling to find properties to buy, the new-home market should be on solid footing in 2020.”
Biz Journal – “Housing index: Homeowners in Amazon’s ZIP code didn’t want to sell in 2019” (1-27-2020)
“The housing numbers for 2019 are in, and they show that supply around Amazon.com Inc.’s (NASDAQ: AMZN) new headquarters was incredibly tight in 2019”
ATTOM Data Solutions – “Top 20 U.S. Metros Home Seller Gains in 2019” (1-27-2020)
“ATTOM Data Solutions’ newly released 2019 Year-End U.S. Home Sales Report reveals that home sellers nationwide in 2019 realized a home price gain of $65,500 on the typical sale, up from $58,100 last year and up from $50,027 two years ago.”
Apartment Therapy – “100 Years of Home Buying: Comparing 1920s Real Estate Listings to Today’s” (1-27-2020)
“Our house was built in 1920, and it’s funny to think that the people who bought it a century ago probably took some of the same steps we did—even if they were buying a brand-new house rather than a battered old fixer-upper.”
HousingWire – “CFPB now taking friendlier approach to financial abuses” (1-27-2020)
“For years, the financial services industry has been asking the Consumer Financial Protection Bureau to address what the industry views as ambiguity surrounding the bureau’s regulation of “abusive” practices.”
Inman – “Home too dangerous to tour listed for $330K, gets 17 offers” (1-27-2020)
“A trash-filled Bothell, Washington, property received 17 offers and sold after 5 days on the market.”
LA Curbed – “A guide to rent control in Los Angeles” (1-27-2020)
“Los Angeles rents are among the highest in the nation, and with buying out of reach for most residents, millions of Angelenos are stuck paying for high-priced apartments.”
Luxury Launches – “Inside a $26.5 million luxury mansion in Los Angeles that comes with a 5,000 sq feet Star-Wars inspired basement” (1-27-2020)
“If you’re a true Star Wars fan, having a home inspired by the series would be no less than a dream!.”
Bruce Norris will be presenting Turmoil: The Coming Storm of Negative Interest Rates on Saturday, February 1.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with LA South REIA on Monday, February 10.
Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OC FIBI on Tuesday, March 3.
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