Norris Bruce
Feb 19, 2020

You Can Totally Forget

Today’s News Synopsis:

6 Dream Home hopes that….The Mortgage Bankers Association reported a 6.4% decrease in mortgage applications from last week.  What do real estate and medicine have to do with each other?

In The News:

Mortgage Bankers Association “Mortgage Applications Decrease in Latest MBA Weekly Survey” (2-19-2020)

“Mortgage applications decreased 6.4 percent from one week earlieraccording to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 14, 2020.”

Yahoo Finance “Startups bring micro-investing to real estate” (2-19-2020)

“From house flipping television shows to the Zillow app on cellphones, home buying has become a part of our culture, but for many real estate investing is still out of reach.”

MarketWatch “Home permits soar to highest level in 13 years in January, even as new construction dips slightly” (2-19-2020)

“Builders started construction on new homes in the U.S. at a pace of 1.57 million in January, the Commerce Department said Wednesday.” “6 ‘Dream Homes” Hopes That Are Completely Delusional” (2-19-2020)

“Many home buyers start out starry-eyed when they first embark on shopping for a house, with visions of a big backyard, a home office, a cute coffee shop down the block—and much, much more.”

HousingWire “Cost of renting continues to steadily rise” (2-19-2020)

“Rent growth has gone up pretty moderately in the new year, and it forecasted to keep trending that way.  From December to January, the national average rent has gone up 3% year over year, with the average rent coming in at $1,463. This is also up $43 since last year.”

CNBC “These home renovations provide the biggest returns” (2-19-2020)

“Americans are moving much less frequently. Mobility is actually at a record low, and that is fueling strong growth in the home remodeling market.”

Forbes “Why Real Estate And Medicine Mix” (2-19-2020)

“Physicians and advanced practice providers are experts in their field, but what is their real superpower? If you ask a provider like me, it’s working really hard.”

HousingWire “The questionable fate of loan originator compensation” (2-19-2020)

“It’s been a long day and inputting the compensation for this mortgage loan originator is the last thing on the to-do list before the lender can close up shop for the day and head home.”


California Real Estate Investor Events

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OC FIBI on Tuesday, March 3.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with NorcalREIA on Wednesday, March 11.

Bruce and Aaron Norris will be presenting their latest Florida Buying Bootcamp 2020 Thursday-Friday, March 19-20.

Looking Back:

This city in California was requiring landlords to pay relocation fees.  Apparently, in every U.S. state it was more expensive to own than to buy, and CNBC’s latest chart showed just by how much in each state.  Remodeling on residential properties showed signs of increase according to the NAHB.


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