Today’s News Synopsis:
Trump made a decision today to reverse a fee cut that would have been applied to FHA loans. Insider experts gave a recent list of luxury home items that could be gone in the next two decades, including home theaters and master suites. Housing market value increased with the rise in equity according to the Urban Institute.
In The News:
Bloomberg – “These Luxury Home Mainstays May Be Gone in 20 Years” (1-23-17)
“Some real estate amenities are eternal—a sweeping view across Central Park, for instance, or a doorman who knows your favorite driver. Others, though, might prove unexpectedly faddish: What seems like a must-have today could vanish in the developments of tomorrow.”
Mansion Global– “Foreign Capital Retreated from China’s Real Estate Market in 2016” (1-23-17)
“Foreign capital made a rapid exodus from China’s real estate market in 2016 in anticipation of a slowdown amid the country’s curbing efforts.”
Bloomberg – “Brexit Makes Global Property Developer Wary About London Real Estate” (1-23-17)
“New York is the world’s most promising real estate market as global turmoil pushes more investors to the U.S. finance and media hub, according to the chief executive officer of developer Related Cos.”
Freddie Mac – “Freddie Mac Prices $1 Billion K-Deal, K-061” (1-23-2017)
“Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities.”
CNBC – “Young homebuyers get no help from one of Trump’s swift, first moves” (1-23-17)
“Homeownership is at the lowest level in 50 years, and one of the primary reasons is that younger Americans are not buying homes at nearly their normal pace. They are struggling both to afford a home and to qualify for a mortgage.”
DS News – “Equity Gains Fuel Rise in Housing Market Value” (1-23-17)
“The aggregate value of the U.S. housing market is climbing due to the ongoing rise in home equity, according to the Urban Institute’s Housing Finance at a Glance Monthly Chartbook for January 2017.”
Bloomberg – “Equity Gains Fuel Rise in Housing Market Value” (1-23-17)
“The aggregate value of the U.S. housing market is climbing due to the ongoing rise in home equity, according to the Urban Institute’s Housing Finance at a Glance Monthly Chartbook for January 2017.”
Bruce Norris of The Norris Group will be speaking at the 2017 Los Angeles Real Estate Summit on Wednesday, February 1.
Bruce Norris of The Norris Group will be presenting 2% Interest, $30 Trillion in Debt, and Other Suprise Endings on Saturday, February 4.
Bruce Norris will be speaking at 10 Life-Changing Days of a Real Estate Investor with OC FIBI on Tuesday, February 7.
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