Norris Bruce
Jan 27, 2020

Wonder What They Are Waiting For

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!.”

 

California Real Estate Investor Events

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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