Today’s News Synopsis:

Aaron Norris of the Norris Group gives this week’s Norris Group real estate headline roundup.  Zillow released their list of what they expect to be the top ten real estate markets in the U.S. this year.  HomeUnion has made things easier for landlords by managing everything from finding properties to managing them and giving advice to clients – all online for a fee.  Profits and mortgage income numbers were high by four top banks – PNC, Wells Fargo, Bank of America, and JPMorgan Chase.

In The News:

CNBC – “Becoming a landlord is just a click away” (1-13-17)

“Tyler Laprade is a software developer in Manhattan — and a landlord in Ohio and Alabama. The 24-year-old was already invested in the stock market, but he wanted to diversify, as well as receive steady monthly income from his investments.”

Bloomberg – “Wholesale Prices in U.S. Rise for Thir Time in Four Months” (1-13-17)

“Wholesale prices in the U.S. rose for the third time in four months, boosted by increasing fuel costs that are pushing inflation higher throughout the economy.”

DS News – “A Mixed Bag of Profitability and Mortgage Income” (1-13-17)

“Four of the country’s biggest banks posted healthy numbers and solid revenues to end 2016, though net income was down for two.  PNC and Wells Fargo posted losses in net income, while Bank of America and JPMorgan Chase posted increases quarterly and year-over-year profits in their end-of-year financial statements.”

New York Times – “The Right Time to Sell Is Anytime” (1-13-17)

“When Aaron Thornton and his wife, Michelle League, decided a few months ago to sell their brownstone on West 120th Street, they first tended to some maintenance issues, then consulted their calendar to figure out the best time to put the property on the market.”

CBS News – “The 10 hottest U.S. real estate markets in 2017” (1-13-17)

“Skyrocketing housing prices in San Francisco and New York have created headaches for many of their residents, pushing rents and mortgages to unaffordable levels.”

Mansion Global – “Emotions Factor Into Most High-End Real Estate Buys” (1-13-17)

“In every level of residential real estate, emotions play a role in determining which property someone buys.”

HousingWire – “Steve Mnuchin, Trump Treasury pick, to face Senate on Jan. 19” (1-13-17)

“While the confirmation hearings for President-elect Donald Trump’s choices for some key cabinet positions began taking place this week, one of the most important hearings is finally on the schedule.”