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Social Media Playing a Big Role In People’s Decisions to Invest

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Social Media Playing a Big Role In People’s Decisions to Invest

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Social Media Playing a Big Role In People’s Decisions to Invest

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Today’s News Synopsis:

Aaron Norris of the Norris Group gives the top news stories in the world of real estate in this week’s Norris Group real estate headline roundup.  A list of the top 20 markets for real estate was just released by Realtor.com, Vallejo, California being one of the highest.  In an interesting news story, one big factor in how people invest is seeing their friends on social media and if they are experiencing price increases.  According to the latest GDP numbers from the Bureau of Economic Analysis, the economy is only barely recovering.

In The News:

Housing Wire – “Paltry GDP growth shows economy is ‘barely above water'” (7-29-16)

“In the second quarter of 2016, real gross domestic product, the value of everything a nation produces, grew at a rate of 1.2% from last year, according to the estimate released today by the Bureau of Economic Analysis.”

Mortgage Professional America – “Morning Briefing: Customer experience boosts mortgage servicers’ profits study says” (7-29-16)

“Mortgage servicers who invest in the customer experience will reap rewards according to a new study by J.D. Power. The study shows that even though 48 per cent of customers did not choose their mortgage servicer, there is still a benefit to investing in communication and the experience of customers.”

CNBC – “Real estate buying habits linked to people’s Facebook behavior” (7-29-16)

“Call it fear of missing out — on housing investments.  Our decisions about buying property are heavily influenced by our social media networks, according to new research from economists at New York University, Harvard and Facebook.”

Construction Dive – “20 hottest housing markets in July” (7-29-16)

“Realtor.com released its rankings Thursday of the 20 hottest real estate markets for July.  California, yet again, scored the most metros on the list, and Vallejo, CA, is once again at the top spot.”

Mortgage Professional America – “Treasury to expand crackdown on secret property deals” (7-29-16)

“On July 27, 2016, the US Treasury Department announced that its anti-money-laundering crackdown on secret cash deals for expensive homes in Miami-Dade County and Manhattan would be expanded to other luxury real estate markets in Florida, California, Texas, and New York.”

Bloomberg – “Here’s a Reason Baby Boomers Will Curb U.S. Growth this Decade” (7-29-16)

“Population aging is expected to drag on U.S. growth, and the hit could be substantial.  The retirement of baby-boomers in the decade between 2010 and 2020 will lower GDP growth per capita by 1.2 percentage point a year from what would have been the case if the nation’s demographics had held steady, according to a National Bureau of Economic Research study out this week.”

DS News – “New Tool Shows Struggles of Financing Affordable Housing” (7-29-16)

“Financing affordable housing without subsidies is almost impossible for developers to build homes that are affordable for low- or extremely low-income families, according to a report from Redfin in conjunction with the Urban Institute.”

The Huffington Post – “The Rising Value of Emotional Real Estate” (7-29-16)

“Due to the expanding social environment and the opportunity for all to participate in conversation, a lot is expected of brands these days. Not just in quality but in conversations and point of view on current events or even pop culture.”

 

Hard Money Loan Closed

Laguna Woods, California hard money loan closed. Real estate investor received loan for $162,000 on this single family property appraised for $215,000.

Laguna Woods Hard Money Loan closed by the Norris Group

 

California Real Estate Investor Events

Bruce Norris will be presenting his newest talk Stay Put, Cash Out, Or Change Seats? at the REI Expo in San Francisco Thursday-Saturday, August 11-13.

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/63870278@N03

 

Looking Back:

The National Association of Realtors reported a 1.8% decrease in pending home sales, the first time this year to see sales decrease.  The Federal Reserve decided to keep the federal fund rate the same until the labor market continued to improve.  Single-family rental securitization vacancy rates continued to show signs of increase.

 

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