Weekly Real Estate Update 1/3/2020
Top Real Estate Markets for 2020
What are the top real estate markets for 2020? The folks over at Realtor.com recently put together their forecast for 2020 and they say these are the places where their paychecks will go the farthest and people can enjoy a more laid-back pace of life. Click here to read more.
Cities Strengthen Tenants’ Ability to Fight Eviction
The Wall Street Journal (reposted on Realtor.com) is reporting that some larger U.S. cities are promising tenants the right to an attorney in eviction cases, which the article points out is a “costly and logistically daunting initiative. Click here to read more.
Pending Home Sales Up 1.2% in November
The National Association of Realtors is reporting that pending home sales were up 1.2% in November. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) increased to 108.5 in November, up 1.2% from October. Click here to read more.
CNBC’s Housing Market Predictions for 2020
CNBC’s Diana Olick breaks down the housing market for 2020 along with opinions from several of the Fast Money traders. Here’s what they say to watch in the housing market for 2020: 1) A shortage of housing – especially at the lower end; 2) Mortgage rates will stay low; and 3) Demand will stay high for new construction.Click here to read more.
Despite Growing Housing Crisis, Rent Control Makes a Comeback
A recent story in Multi-Housing News reminds us that while rent control “seemed to be on the ropes a few years ago” it started rearing its ugly head in places like New York, California and Oregon – all of which passed new rent control measures in 2019 and likely paving the way for others to follow suit. Click here to read more.
FTC Fines Section 8 Rental Site $6M fine for Defrauding Renters
The FTC recently fined the owners of a rental search site in California $6 million for defrauding over 500k Section 8 Housing Choice Voucher (HCV) recipients by asking them to pay for access to supposed exclusive listings that in reality didn’t exist. Click here to read more.
S&P CoreLogic Case-Shiller: National Home Price Index Up 3.3%
According to the latest S&P CoreLogic Case-Shiller Indices, covering all nine U.S. census divisions, the rate of home price increases reported a 3.3% annual gain in October. Their 10-City Composite annual increase came in at 1.7% and the 20-City Composite posted a 2.2% year-over-year gain. Click here to read more.
Facts About Coffee and Caffeine
Infographic: Welcome to 2020….time to shake that midweek-new-year’s grogginess. And, what better way than with a fresh cup of coffee. So, what is it about coffee that perks us up and gives us that much needed boost of energy? Click here to read more.