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.  A new list of cities with the best and weakest growth in the job market in the U.S.  Chicago just saw growth in their real estate market with the increase in prices and the addition of new structures.  Investing in housing near colleges for students living off campus is a good way to invest in real estate.

In The News:

Forbes – “New Towers, Higher Prices Lift Chicago’s Real Estate Market” (8-19-16)

“A 4,000-square-foot condominium in Chicago hit the market this month for $12m. While the asking price represents one of the highest in the city for a condo, it also underscores how sellers are increasingly testing the upper end of the city’s market amid soaring home prices.”

Bloomberg – “Fed Hike Can’t Outweigh Zeal for Yield” (8-19-16)

“In 2013, Wall Street analysts worried that benchmark borrowing costs were about to skyrocket.  When yields plunged in 2014 and 2015, analysts warned rates could increase soon.”

Daily Caller – “Trump Is Changing His Tax Plan, And It Might Boost American Real Estate” (8-19-16)

“Republican presidential nominee and real estate mogul Donald Trump’s proposed new tax plan could potentially boost American real estate, reports the Wall Street Journal.”

Investment News – “Real estate valuations likely to cap REIT returns” (8-19-16)

“For years, brokers have been selling high commission, nontraded real estate investment trusts with the promise of high dividend yields of 6% and 7% annually.”

US News – “Want to Invest in Real Estate? Consider Off-Campus Student Housing” (8-19-16)

“If you’ve been considering delving into the world of real estate investment for a while, you know there are a dozen different ways to get involved.”

The Street – “Singapore Is the Place for Those Who Prefer Real Estate to Stocks” (8-19-16)

“In many parts of the world, real estate is seen as a one-way ticket to riches.  Place a down payment, live there for a few decades, pay off the mortgage and you are wealthy.”

Bloomberg – “These Are the Cities With the Fastest and Slowest Job Growth in America” (8-19-16)

“With an economy that some believe is marching towards full employment, annual job growth nationally is slowing down.  But some cities in the south and west of the country — where labour markets are coming from a lower base — are currently in the throes of strong headline job growth.”

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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Looking Back:

The Mortgage Bankers Association reported a 3.6% increase in mortgage applications from the previous week.  New employees qualified for originators were becoming harder and harder to find as more and more boomers were retiring.  New details on Fannie Mae and Freddie Mac’s goals regarding single and multifamily housing had just been released by the FHFA.

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.