{"id":30726,"date":"2019-05-29T16:24:53","date_gmt":"2019-05-29T23:24:53","guid":{"rendered":"https:\/\/www.thenorrisgroup.com\/?p=30726"},"modified":"2022-01-27T03:22:36","modified_gmt":"2022-01-27T11:22:36","slug":"keep-driving-till-you-do-builders-are-coming-with-you","status":"publish","type":"post","link":"https:\/\/www.thenorrisgroup.com\/keep-driving-till-you-do-builders-are-coming-with-you\/","title":{"rendered":"Keep Driving Till You Do! Builders Are Coming With You"},"content":{"rendered":"

Today’s News Synopsis:<\/span><\/h2>\n

Can\u2019t qualify for a mortgage?\u00a0 When should you do the necessary upgrades to your home: before or after selling?\u00a0 The Mortgage Bankers Association reported a 3.3% decrease in mortgage applications from last week.<\/p>\n

In The News:<\/span><\/h2>\n

MarketWatch\u00a0<\/b><\/span>– “Americans are driving until they qualify again, and builders are responding”<\/a> (5-29-2019)<\/p>\n

“Home builders are applying for permits to build houses in the \u201cexurbs\u201d more than any other area of the country, another sign of how the housing affordability crunch is driving consumer and industry decisions.”<\/p>\n

Realtor.com\u00a0<\/b><\/span>– “Should You Do Home Upgrades Now…or Right Before You Sell?”<\/a> (5-29-2019)<\/p>\n

“Home sellers are often told to make upgrades to their house before they sell … but when is the best time to get those home improvements underway, in terms of scoring the best\u00a0ROI?”<\/p>\n

Mortgage Bankers Association\u00a0<\/b><\/span>– “Mortgage Applications Decrease in Latest MBA Weekly Survey”<\/a> (5-29-2019)<\/p>\n

“Mortgage applications decreased 3.3 percent from one week earlier,<\/strong>\u00a0according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 24, 2019.”<\/p>\n

Zillow<\/b><\/span>\u00a0– “Regrets About Mortgages Don’t Dim Millenials’ Love for Their Homes”<\/a> (5-29-2019)<\/p>\n

“Younger homeowners more often say they rushed through the buying process and have regrets about their mortgage, likely resulting from the challenges young buyers face entering today’s expensive housing market.”<\/p>\n

Forbes<\/b><\/span>\u00a0– “4 Questions To Ask When You’re Searching For The Perfect Rental”<\/a> (5-29-2019)<\/p>\n

“Whether you’re looking for a high-rise apartment or a single-family home, deciding to sign a new lease is a big deal.”<\/p>\n

My Modern Met\u00a0<\/b><\/span>– “Seniors Are Buying Tiny Homes to Live Their Golden years Off the Grid”<\/a> (5-28-2019)<\/p>\n

“Forget assisted living or RVs, more and more seniors are looking at\u00a0tiny homes\u00a0to spend their retirement. In fact, a 2015 survey found that 30% of tiny home residents were between 51 and 70 years old, making senior citizens a huge part of the tiny home movement”<\/p>\n

USA Today\u00a0<\/b><\/span>– “Despite strong US housing market, these American cities have the most vacant homes”<\/a> (5-29-2019)<\/p>\n

“The U.S. housing market is at\u00a0one of its strongest points in decades\u00a0\u2013 and U.S. vacancy rates reflect that strength.”<\/p>\n

DS News\u00a0<\/b><\/span>– “CFPB Updates on Dodd-Frank, Qualified Mortgage Patch”<\/a> (5-29-2019)<\/p>\n

“The Consumer Financial Protection Bureau has released its Spring 2019\u00a0rulemaking agenda, part of the Unified Agenda of Federal Regulatory and Deregulatory Actions.”<\/p>\n

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\"upcoming-events-calendar\"<\/a><\/p>\n

California Real Estate Investor Events<\/a><\/span><\/h2>\n

Aaron Norris will be moderating the ADU Panel<\/a> for SDCIA on Tuesday, June 11.<\/p>\n

Bruce Norris will be speaking at the Southern California Appraisal Institute’s 22nd Annual Inland Empire Market Trends<\/a> on Thursday, June 13.<\/p>\n

Bruce and Aaron Norris will be speaking at the\u00a0NSDREI 15th Anniversary Dinner Party<\/a>\u00a0on Tuesday, June 18.<\/p>\n

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Looking Back:<\/span><\/h2>\n

Today’s news featured some clever painting tips.\u00a0 The latest report from the S&P Dow Jones Indices and CoreLogic showed it may be becoming harder to afford a home with the increasing mortgage rates.\u00a0 Despite this, more people were still choosing to buy rather than rent.\u00a0 Speaking of rents, the ever-increasing rents were leaving more people just “one crisis away” from financial ruin.<\/p>\n

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More on Hard Money Loans<\/h2>\n