Today’s News Synopsis:

The U.S. economy appears to be gaining strength as household incomes were the largest since the recession in 2015 and poverty showed signs of decrease.  Foreclosure rates decreased again to levels last seen before the crisis.  A new bill is continuing to be pushed that will do away with Dodd-Frank.

In The News:

CNBC – “Landlords listen up: Find the best rental returns here” (9-13-16)

“A twist in the phenomenon of young urbanites moving to the suburbs is creating new opportunities for real estate investors. Instead of buying starter houses, these young people are looking to rent.”

Bloomberg – “U.S. Households’ Income Shows Biggest Jump Since Recession” (9-13-16)

“Americans’ incomes jumped in 2015 by the most since the last recession and the poverty rate fell, signs of U.S. economic health that could potentially boost Democratic candidates this year.”

NAHB – “NAHB Endorses Candidates for Congress” (9-13-16)

“For the first time in its 74-year history, the National Association of Home Builders (NAHB) is officially endorsing candidates for the U.S. House and Senate in the upcoming Nov. 8 elections.”

Fortune – “Inside Airbnb’s Plan to Partner With the Real Estate Industry” (9-13-16)

“A common story: An apartment tenant has a few short trips coming up, and decides to list their abode on home-sharing service Airbnb to turns those few days away into a few extra bucks. Meanwhile, the tenant’s landlord has no idea when and how this is happening, and has real way to keep tabs on the short-term rental activity. Frustration abounds.”

Forbes – “4 Ways The Real Estate Market Changes After Labor Day” (9-13-16)

“The time between Labor Day and Thanksgiving, unofficially known as fall, is prime time for enjoying the great outdoors.  And while there’s no substitute for spending time in natural green spaces, if you’re in the market for a house, fall weather presents an ideal backdrop for strolling through potential neighborhoods and checking out real estate for sale in Atlanta, GA, or Minneapolis, MN.”

DS News – “National Foreclosure Rates Back to Pre-Crisis Levels in July” (9-13-16)

“The national foreclosure rate in July was back to where it was in August 2007‒‒a little less than 1 percent overall, according to a new report from CoreLogic.”

Bloomberg – “Bill to Scrap Dodd-Frank Advances Amid Wells Fargo Backlash” (9-13-16)

“U.S. House Republicans advanced legislation to undo Congress’s response to the 2008 financial crisis after Democrats forced quick action on the measure that they decried as toxic.”

 

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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