Today’s News Synopsis:

CoreLogic reported home prices increased 1.1% month-over-month and 6% year-over-year in July.  The demographic in the real estate market that is showing an increase in purchasing is single women.  Due to interest rates decreasing and wages increasing, more people are choosing to buy despite prices being at their peak in many metropolitan areas.

In The News:

New York Post – “Real estate tycoons’ Top 7 fall projects” (9-5-16)

“With Labor Day behind us, school’s in for the city’s real estate power players.  Here’s our selective guide to the Lucky-7 big deals on their agendas.”

Bloomberg – “First Factories, Now Services Signal Cracks in U.S. Economy” (9-6-16)

“Some cracks could be starting to appear in the picture of an otherwise resilient U.S. economy.  An abrupt drop in the Institute for Supply Management’s services gauge on Tuesday to a six-year low is the latest in a string of unexpectedly weak data for August.”

Chicago Tribune – “Single women a growing force in the real estate market” (9-6-16)

“Gender, marital status and mortgages don’t get a lot of research attention in real estate, but two new reports examine the exceptional role of single women in the home purchase marketplace and the challenges they face in getting a loan.”

Huffington Post – “Crowdfunding Transformers Real Estate Investing” (9-6-16)

“‘When crowdfunding first emerged, I saw in a flash that it was going to be wonderful. It was going to remove the middlemen, the lack of transparency, the cost, and the time. Crowdfunding was going to transform this multimillion dollar industry,’ explained attorney Mark Roderick.”

Forbes – “How To Save For A Real Estate Down Payment: 20 Financial Experts Share Their Tips” (9-6-16)

“It was backbreaking work for a five-year-old — but it was totally worth it.  I spent six grueling hours cutting down brush in my backyard with my dad, clearing an area that would soon become a place for Mom to send us when my siblings and I were being too loud in the house.”

Seeking Alpha – “Principal Components Analysis Identifies Strength In the U.S. Real Estate Market” (9-6-16)

“Principal Component Analysis identifies 2 main factors to explain current global real estate environment, with a cumulative variation captured of 90%.”

DS News – “National Home Prices Rise Higher in July” (9-6-16)

“With the July 2016 release, the CoreLogic Home Price Index reported an increase of 1.1 percent for the national single family combined tier, which included distressed sales, over the prior month.”

Inman – “Los Angeles home prices, affordability concerns rise year-over-year” (9-6-16)

“First American has released the newest edition of its Real House Price Index, which reflects inflation factors such as shifts in income and mortgage rates.”

 

Bruce Norris will be speaking at the AOA Million Dollar Tradeshow and Landlording Conference 2016 on Tuesday, September 20.

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.

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