Today’s News Synopsis:

Home remodeling projects are expected to reach $321 billion by next year, putting its growth at 8% and numbers not seen since before the crash.  A new report was released by the government recently that outlined what the Treasury, HUD, and FHFA have achieved as well as how loss mitigation can be handled in the future.  Real estate is the most popular area to invest money according to a recent survey by Bankrate.

In The News:

DS News – “The Week Ahead: Vacancy Rates Treading Water” (7-24-16)

“National vacancy rates were 7.0 percent for rental housing and 1.7 percent for homeowner housing in the first quarter 2016, according to a report from the Department of Commerce’s Census Bureau.”

RisMedia – “Real Estate Top Investing Choice, Survey Finds” (7-25-16)

“Given the recent record highs in the Standard & Poor’s 500 index and the Dow Jones industrial average, you might think Americans would feel excited about the future of the stock market. But you’d be wrong, a Bankrate national survey has found.”

Mortgage Professional America – “Morning Briefing: Will this policy solve affordability in US cities?” (7-25-16)

“A growing number of US cities are introducing policies of inclusionary zoning in a bid to tackle the issue of housing affordability for workers and a new report has considered the impact of the measures.”

Construction Dive – “Thriving home remodeling market set to reach $312B by 2017” (7-25-16)

“Homeowner outlay on home renovation projects is on pace to reach $321 billion by mid-2017, a figure that almost meets the precrash highs of 2006, constitutes an 8% growth rate and is nearly double the norm, according to Harvard’s Joint Center for Housing Studies.”

DS News – “Government Passes the Baton to Servicers” (7-25-16)

“Foreclosure prevention programs over the past seven years have shaped the way the mortgage servicing industry and homeowners interact and make accommodations.”

Housing Wire – “U.S. Bank partners with Sage to adapt new credit reporting trends” (7-25-16)

“At the Sage Summit annual conference today, the software company announced a new partnership that, while set to help consumers manage their finances and personal bills, could have an even deeper impact in moving the housing market forward.”

Mortgage Professional America – “Hensarling: Dodd-Frank has created ‘too small to succeed'” (7-25-16)

“Instead of ending “too big to fail,” the Dodd-Frank Act has created a culture where businesses are “too small to succeed,” according to the chairman of the House Financial Services Committee.”

DS News – “Obama and Warren Reflect On Wall Street Reform’s Progress” (7-25-16)

“Sen. Elizabeth Warren, who rose to prominence in the years immediately after post-crisis as the architect of the Consumer Financial Protection Bureau (CFPB), did not make the cut as Hillary Clinton’s VP.”

 

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

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