Today’s News Synopsis:
How much would the Father of the Bride home cost in real life? Home prices saw their smallest increase in six years in 20 cities in the U.S. Housing starts decreased 8.7% in February after having seen a surge the month prior.
In The News:
Bloomberg – “Home Prices in 20 U.S. Cities Post Smallest Gain in Six Years” (3-26-2019)
“Home prices in 20 U.S. cities registered their smallest gains since late 2012, decelerating for a 10th month in January as buyers held out for more affordable properties.”
“Investments in real assets, whether on the equity side or the debt side, offer seemingly endless options for fixed income. If you can build it or finance it,
you can invest in it.”
NAHB – “February Housing Starts Down After Single-Family Surge in January” (3-26-2019)
“Total housing starts fell 8.7 percent in February to a seasonally adjusted annual rate of 1.16 million units from an upwardly revised reading in January, according to a report from the U.S. Housing and Urban Development and Commerce Department that was delayed due to the partial government shutdown.”
“Home shopping season is quickly approaching, which means home sellers are busy cleaning, painting, decluttering, landscaping and deciding which other projects might reap the greatest reward given limited time and money.”
ThinkRealty – “Last-Minute Improvement Projects to Drive Value Before Spring Selling Season” (3-26-2019)
“The recent slowdown in the housing market has been a boon for buyers. Since last summer, more properties have come onto the market; mortgage interest rates have dropped; and the rate of home price appreciation, once in the double digits, is waning”
Wall Street Journal – “Real-Estate Funds Have a Problem: Too Much Cash” (3-26-2019)
“Private real-estate fund managers, sitting on record amounts of cash, are finding it increasingly difficult to spend all that money within the deadlines they promised investors.”
Family Handyman – “How Much 14 Famous Movie Homes Would Cost in Real Life” (3-26-2019)
“These gorgeous film houses were as big stars as the actors themselves—but did you know you could actually live in them?”
Curbed – “In the apartment amenity arms race, service and technology win out” (3-26-2019)
“Along with dog parks and third-wave coffee shops, the high-end, over-amenitized apartment has become a contemporary urban cliche.”
Bruce Norris will be presenting 10 Decisions To Make Before The Next Downturn at the AOA Million Dollar Trade Show on Wednesday, April 17.
Aaron Norris will be presenting Innovating Real Estate Marketing with the Moreno Valley Professionals on Thursday, April 18.
Bruce Norris will be presenting 10 Decisions To Make Before The Next Downturn with Pasadena FIBI on Thursday, April 18.
Were “Granny Flats” the solution to the affordable-housing crisis? The top cities to live in if you wanted access to fresh food were New York, Philadelphia, and Miami. Forbes latest magazine showed the biggest red flags to watch out for when buying your next home.
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