US to continue investigations of money laundering through real estate.
Completed Foreclosures Drop 40% – Lowest Level Since August 2007
Completed foreclosures decreased 40% in December, according to the December 2016 National Foreclosure Report released by CoreLogic, a property information, analytics and data-enabled solutions provider.
Completed foreclosure dropped from 36,000 in December 2015 to 21,000 in December 2016. And foreclosure inventory also dropped significantly by 30% annually, according to the report.
http://www.housingwire.com/articles/39211-completed-foreclosures-drop-40-in-december
Large Landlord Sues AirBnb
“One of the largest apartment landlords in the U.S., Apartment Investment & Management, filed a civil lawsuit against Airbnb, a short-term rental app.
The suit, filed in California and Florida, alleges that Airbnb is encouraging tenants to violate their leases by renting out units on the site, creating unsafe conditions for other tenants, according to an article by Laura Kusisto and Greg Bensinger for The Wall Street Journal.”
Foreclosures Update
Let’s keep an eye on this trend between now & early 2017. There are some big changes on the horizon. Housing inventory is very low & lenders are working with borrowers to avoid foreclosures.
http://www.housingwire.com/articles/38474-corelogic-completed-foreclosures-reverse-trend-increase
Recommended Reading
Most professional books that are on my bookshelf are not what I would call recreational reading. It seems to me that a better idea would be two different categories of reading, professional and recreational book lists.
PROFESSIONAL READING LIST
- The Wall Street Journal
- John Mauldin’s weekly investment & economic newsletter, “Thoughts from the Frontline”
RECREATIONAL BOOK LIST
- The Choose Yourself Guide to Wealth by James Altucher
- The Miracle Morning, the Not-So-Obvious Secret Guaranteed to Transform Your Life Before 8AM by Hal Elrod
- Transitions, Making Sense Out of Life’s Changes by William Bridges
This post will be updated periodically.
