Today’s News Synopsis:

Homebuyers are choosing to remain in their homes longer according to recent data from the National Association of Realtors.  According to the latest data from Weiss Analytics, home prices in the 91311 zip code, or Chatsworth, are expected to increase in the coming year.  In the midst of several big banks reporting a decline in net income, Bank of America managed to increase their profit by 7% in the third quarter.

In The News:

DS News – “Deepening Roots: Homebuyers Steadily Remaining in Place Longer” (10-17-16)

“The Profile of Home Buyers and Sellers has collected data since 1985 on the median tenure a seller has remained in their home and the expected tenure for home buyers since 2006.”

Bloomberg – “Goldman Says U.S. Bondholders Risk a $1.1 Trillion Hit if Rates Spike” (10-17-16)

“First they came for the yield, then they came for the duration.  A Goldman Sachs Group Inc analysis says investors could be mired in a world of pain if yields on long-dated assets snap higher.”

Inman – “Home values in 91311 to rise through next year” (10-17-16)

“The 91311 ZIP code comprises part of Chatsworth, about a 40 minute drive from central Los Angeles.”

DS News – “Mortgage Production Contributes to BOA’s Strong Q3 Earnings” (10-17-16)

“Bank of America managed to escape the fate that befell JPMorgan Chase, Citigroup, PNC, and Wells Fargo in Q3.”

PR Newswire – “Coldwell Banker Enhances Its Luxury Real Estate Program” (10-17-16)

“Coldwell Banker Real Estate LLC, a global leader in luxury home sales, has enriched its Coldwell Banker Previews International^® luxury program by elevating its Previews^® agent certification program, expanding global marketing offerings and cultivating growth in its digital and print content.”

Inman – “The bus ride that’s shaking the real estate industry” (10-17-16)

“Less than a week after The Washington Post released the infamous Donald Trump conversation featuring Billy Bush, the real estate industry experienced its own microcosm of the national hot mic moment — minus the recording, but including the bus.”

HousingWire – “HUD awards $500 million to Louisiana, Texas, West Virginia flood areas” (10-17-16)

“Julián Castro, U.S. Department of Housing and Urban Development secretary, awarded $500 million to Louisiana, Texas and West Virginia to help the states recover from flooding events earlier this year.”