Today’s News Synopsis:

Aaron Norris of the Norris Group gives this week’s Norris Group real estate headline roundup commemorating the 500th episode of the Norris Group radio show.  Janet Yellen continues to remain confident that interest rates will see an increase this year.  Freddie Mac’s mortgage portfolio increased 3.2% last month.  REITs saw another decrease for the fourth week in a row, coming in below 0.9%.

In The News:

New York Times – “Real Estate Strikes Out on Its Own in the Stock Indexes” (8-26-16)

“A change is coming at the end of the month in the way stock indexes are classified. Real estate, now part of the broader financials category, will go out on its own.”

Bloomberg – “Yellen Sides With Fed Camp Professing Faith in Price Forecasts” (8-26-16)

“Federal Reserve Chair Janet Yellen still has faith.  On Friday she expressed confidence that tighter labor markets over time will push inflation back to the central bank’s 2 percent goal, setting up a rate hike this year — possibly as soon as next month — if jobs data remain strong.”

ETF – “5 Top Performing US Focused Real Estate ETFs” (8-26-16)

“In less than a week, real estate will break away from financials to become the 11th and newest sector under the Global Industry Classification Standard (GICS).”

World Property Journal – “U.S. Commercial Market to Benefit from EU’s Recent Brexit Vote” (8-26-16)

“According to a new report by Transwestern, the impact of Brexit will be long and protracted, which will likely result in increased volatility in the capital markets.”

Seeking Alpha – “Real Estate Weekly Update: REITs Fall For 4th Consecutive Week” (8-26-16)

“REITs (NYSEARCA:VNQ) recorded their fourth consecutive weekly decline as yields climbed slightly and the Fed signaled that a September rate hike was still a possibility.”

Housing Wire – “USDA slashing mortgage fees” (8-26-16)

“Borrowers who use the U.S. Department of Agriculture’s Rural Housing Service to get a mortgage could soon pay significantly less for their loan, as the USDA announced that it is about to cut its loan fees for lenders who use the USDA’s Single Family Housing Loan Guarantee Program.”

DS News – “Freddie Mac’s Total Mortgage Portfolio Climbs Upward” (8-26-16)

“Freddie Mac reported a 3.2 percent increase in the total mortgage portfolio for July 2016, according to Freddie Mac’s April 2016 Monthly Volume Summary released this week.”

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.

Image copyright source: www.flickr.com/photos/editor

Looking Back:

The Tesla company is moving towards creating a more electronic-based economy, eliminating the need for natural fuels, and in turn benefit the real estate market.  Zillow reported home values dipped into the negative range, but this could actually be a good thing in that it should take the pressure off competitiveness.  CAR reported a 17% increase in pending home sales year-over-year to their highest in 6 years.

For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.


www.flickr.com/photos/124808053@N07
www.flickr.com/photos/duelp
www.flickr.com/photos/maynard
www.flickr.com/photos/lendingmemo
www.flickr.com/photos/rdrcollection