The S&P CoreLogic Case-Shiller National Index Annual Return Sets 31-Month High
Credit Complaints Amplify in Latest CFPB Report
Pending Sales of Existing Homes in U.S. Rise Most Since 2010
Average US 30-year mortgage rate slips to 4.14 percent
Understanding the Small and Medium Multifamily Housing Stock
Millennial Magnets: The Top 10 Cities Where Young People Want to Be
America’s 20 Hottest Real Estate Markets in March 2017
Zillow Group to unveil RealEstate.com, a new online service targeted at millennials
No Millennials Allowed: Boomers Are Flocking to Cool 55-Plus Communities
MORGAN STANLEY: The bull market in commercial real estate is about to end
Rental Affordability is Worst in Minority Neighborhoods
Homebuyers Hindered by Affordability

Today’s News Synopsis:

Aaron Norris of the Norris Group gives this week’s Norris Group real estate headline roundup.  Realtor.com released a list of the top places people like to go for retirement, and it does not include Florida.  Two cities that are seeing an increase in prices and decrease in inventory are Manhattan and Brooklyn.  The U.S. is seeing more and more jobs being outsourced to Mexico.

In The News:

Curbed NY – “Manhattan and Brooklyn real estate marked by rising prices, low inventory in February” (3-31-2017)

“StreetEasy has released its February market report for Brooklyn and Manhattan and picked up on three things: rising prices for resales, low inventory, and fewer price cuts offered to buyers.”

CNBC – “Homebuilder stocks track for best quarter in more than 2 years” (3-31-2017)

“Shares of the SPDR S&P Homebuilders ETF (XHB) tracked for their best quarter in more than 2 years Friday, amid a leap in homebuilder sentiment to its highest in 12 years.”

Realtor.com – “The Very Best States for Retirement – and Nope, Florida Is Not No. 1” (3-31-2017)

“Retirees and Florida seem to be as natural a combo as peanut butter and jelly, spaghetti and meatballs, and, well, older people and warmer weather. Except, as it turns out, the Sunshine State may not be the best place to live out one’s golden years after all.”

Seeking Alpha – “Real Estate Weekly: REITs Finish Flat In Q1, Housing Market Healthy” (3-31-2017)

“The REIT ETF indexes (VNQ and IYR) finished the week higher by 0.8%, following a 0.7% decline last week.  The S&P 500 (NYSEARCA:SPY) gained 1.0%. Construction ETFs were higher on the week.”

DS News – “Wells Fargo Litigation Moves Forward” (3-31-2017)

“On Thursday, a New York federal judge said that Wells Fargo must face litigation seeking to hold the bank accountable for billions of dollars in claimed investor losses as trustee of residential mortgage-backed securities, saying the investor funds more than met the pleading the standard, according to Law360.”

Inman – “Dog costume photos shoots: The cutest way to generate real estate leads” (3-31-2017)

“Real estate agents are always cooking up out-of-the-box ways to generate business. Ziejewski’s signature strategy — the latest winner of #madREskillz — is to offer pet lovers a chance to get professional photos of their precious Clover, Puggley, Karma, Daisey, Oreo, Squeaky or Milo (just some of the adorable canines who graced the event last year) dressed in costumes”

Bloomberg – “American Jobs Are Headed to Mexico Once Again” (3-31-2017)

“After Donald Trump’s election, the flow of manufacturers setting up shop south of the border dwindled to a trickle.  Ford Motor Co. and Carrier Corp., caught in Trump’s Twitter crosshairs, scrapped plans to move jobs to Mexico in two very public examples of the slowdown.”

CNBC – “As occupancy falls again, apartment landlords sweeten the pot” (3-31-2017)

“If you are a first-time renter or looking to upgrade to a bigger, newer apartment, now may be your best chance.  Demand for rental apartments fell short of new supply by about 100,000 units nationwide, according to RealPage, a real estate analytics firm.”