Today’s News Synopsis:

A lot more real estate investors are starting to look elsewhere outside the United States, including Europe, for good deals on investing.  A new survey by the NAR shows a big impact on homeownership is millennials choosing to put off owning a home and taking care of student debt first.  Fannie Mae is offering a new loan that will broaden the scope of options for homeowners seeking to save energy.

In The News:

Bloomberg – “Here’s How the Fed’s Unemployment Projections Could Change This Week” (6-13-16)

“How low can you go? It’s a topical question as the Federal Reserve meets in Washington this week.  Federal Open Market Committee officials in March projected that the level of unemployment would fall to 4.7 percent in the fourth quarter before rebounding to 4.8 percent in the longer run.”

DS News – “Deciding Where to Invest in the SFR Market” (6-13-16)

“The cost of rent remains elevated in some markets around the country; in markets like Boston, Miami, Washington, D.C., San Francisco, and parts of New York City, rent for a two-bedroom home exceeds $3,000 per month, according to a report from Trulia last week.”

Pensions & Investments – “Real estate investors passing over U.S. to find good deals in Europe” (6-13-16)

“With only pockets of competitively priced investment opportunities in the U.S., real estate investors are roaming Europe looking for bargains.  U.S. institutional investors are moving more capital across Europe than ever before.”

Mortgage Professional America – “Morning Briefing: Fitch reveals most overvalued, undervalued US metros” (6-13-16)

“Two cities in Texas have been named as the most overvalued metros by ratings agency Fitch.  In a report for Forbes.com the agency considered first-quarter home prices based on the 2016 Sustainable Home Price model which ranks 50 metros against economic metrics including rates of unemployment, incomes and mortgage rates.”

Housing Wire – “NAR survey shows how college, student debt affect homeownership” (6-13-16)

“Out of non-homeowners paying their student debt on time, 71% said their debt is hindering them from purchasing a home, and over 50% said they expect to be delayed more than five years, according to a survey by the National Association of Realtors and SALT, a consumer literacy program provided by nonprofit American Student Assistance.”

DS News – “JPMorgan’s RMBS Deal May Not Spur Demand for Similar Transactions” (6-13-16)

“JPMorgan Chase’s recent $1.9 billion residential mortgage-backed security (RMBS) transaction may not spur demand for similar transactions from other banks in the next few years for several reasons, according to a report from Moody’s Investors Service.”

TheStreet – “Hamptons Real Estate Could Rebound This Summer” (6-13-16)

“The Hamptons real estate market is bound for sunnier days after a volatile stock market dinged prices in the beginning of 2016, according to Douglas Elliman, a real estate brokerage firm.”

Mortgage Professional America – “Fannie Mae offers expanded options for green improvements” (6-13-16)

“Renovation loans can be a great asset to any originator’s toolbox – but it’s important to know about all the options out there. Fannie Mae has introduced a new renovation loan that gives homeowners more options for financing energy efficiency improvements in their homes.”

DS News – “Why Has the CFPB Amped Up Its Online Ad Spending?” (6-13-16)

“At a time when legislation is being introduced, and in some cases gaining traction, to rein in the budget of the Consumer Financial Protection Bureau (CFPB), the Bureau has nearly doubled the amount spent on online advertising just since last year.

 

 

Aaron Norris will be presenting his newest talk Marketing Trends and Strategies for Real Estate Pros in 2016 with CVREIA on Tuesday, June 14.

Bruce Norris will be speaking at the 12th NSDREI Birthday Celebration on Tuesday, June 21.

Bruce Norris will be presenting his newest talk Stay Put, Cash Out, Or Change Seats? with LAREIC on Tuesday, July 12.

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