Today’s News Synopsis:

Goldman Sachs warned investors about purchasing real estate stocks at this point, saying there is too much risk right now.  The area of the real estate market that is expected to be at a high point is construction on nonresidential structures.  Fannie Mae believes a weak job market is a big contributing factor to the increase in foreclosures.

In The News:

Entrepreneur – “6 Reasons You Should Promote Yourself From Landlord to Real Estate Investor” (8-22-16)

“Investors in real estate are not quite the same as landlords. Investors take more business risks and often times get better results and profits. It’s the big leagues of property investments.”

Bloomberg – “Goldman Says It’s Too Late to Chase the Booming Real Estate Sector” (8-22-16)

“Real estate stocks were a buying opportunity a few years ago, but at this point Goldman Sachs Group Inc. says the area is too risky for investors.”

Market Watch – “Opinion: This is the best time in history to invest in real estate” (8-22-16)

“If you want to hate on the housing market recovery, there are certainly plenty of items to dwell on.  Ads for house-flipping seminars have returned to AM radio and late-night cable TV in many markets — and so have Better Business Bureau complaints.”

Wish Tv – “Drones changing the way real estate agents do business” (8-22-16)

“Drones are changing the way many industries operate — from the military, farming, insurance to real estate. The FAA predicts real estate will make up 22 percent of drone use by 2020.”

DS News – “Are Low Foreclosure Rates Due to the Job Market?” (8-22-16)

“With foreclosure starts being at their lowest level since 2000, Fannie Mae reports that the major drop in foreclosures can be tied to a number of economic factors, but the major reason is the jobs market.”

Yahoo Finance – “Morgan Stanley: This corner of the real estate market is about to peak” (8-22-16)

“Nonresidential construction spending is set to peak in the third quarter, according to Morgan Stanley economists.  In a note to clients on Monday, Ellen Zentner, chief US economist, wrote that the bank’s Non-Resi Permits Index fell 1.3% in August, reversing a gain in July and returning to the downward trajectory it had been on.”

Bloomberg – “Senators Scrutinize Mylan Over EpiPen’s U.S. Price Increases” (8-22-16)

“Two senior U.S. senators are examining Mylan NV’s price increases for the popular EpiPen allergy shot, with one Republican saying the drugmaker’s practices may have limited access to the treatment.”

 

Bruce Norris will be presenting his newest talk Stay Put, Cash Out, Or Change Seats? with InvestClub for Women on Wednesday, September 21.

Bruce Norris will be presenting Stay Put, Cash Out, Or Change Seats? with InvestClub for Women and Robert Hall & Associates on September 28.

Bruce Norris will be presenting Cashing In On a Boom: Investing in Quadrant 4 at the Back Bay Conference Center on Saturday, October 8.

Bruce Norris of The Norris Group will be presenting the 9th annual I Survived Real Estate 2016 on Friday, October 21.