Today’s News Synopsis:

Aaron Norris of the Norris Group gives this week’s Norris Group real estate headline roundup.  The National Association of Realtors reported a 4.4% increase in existing home sales, their most in ten years.  A new gallup poll shows real estate is still America’s favorite long-term investment.  Paul Tudor Jones revealed a new chart claiming was a warning about what to expect from stock market values.

In The News:

CNBC – “US existing home sales surge in March, reaching highs not seen since 2007” (4-21-2017)

“U.S. home resales rose more than expected in March to the highest level in more than a decade, The National Association of Realtors (NAR) announced on Friday.”

Black Knight Financial Services – “Black Knight Financial Services’ First Look at March 2017 Mortgage Data” (4-21-2017)

“Delinquencies declined 14 percent month-over-month, hitting their lowest level since March 2006 and the fourth lowest point since the turn of the century.”

Seeking Alpha – “Top 50 Real Estate Sector Dogs Seek 6.8% To 15.7% Yields And Up To 27% Gains For April” (4-21-2017)

“The Real Estate sector has 9 component industries. The top 50 firms selected by yield represented all those industries.”

CNBC – “Hedge fund legend Paul Tudor Jones says this chart is ‘terrifying’ and should freak out the Fed” (4-21-2017)

“Paul Tudor Jones is a reclusive hedge fund legend who never talks to the press. So much so that “PTJ” even tried to bury a PBS documentary featuring him from 1987 by purchasing all the available copies.”

Gallup – “Americans Still Favor Real Estate for Long-Term Investment” (4-21-2017)

“Real estate remains Americans’ top choice as the best long-term investment one can make, beating out stocks and mutual funds, gold, savings accounts and CDs, and bonds.”

Bloomberg – “Desperate Malls Turn to Concerts and Food Trucks” (4-21-2017)

“Malls are fighting for shoppers with one thing their web rivals can’t offer: parking lots.  With customer traffic sagging, U.S. retail landlords are using their sprawling concrete lots to host events such as carnivals, concerts and food-truck festivals.”

Seeking Alpha – “Real Estate Weekly: As Earnings Begin, REITs Extend Rally To 4 Straight Weeks” (4-21-2017)

“The REIT ETF indexes (VNQ and IYR) finished the week higher by 1.1%, notching the fourth straight week of gains.”