Today’s News Synopsis:

Realtor.com released their list of the top ten places where millennials are choosing to live.  The National Association of Realtors, Commerce Department, and University of Michigan released four different charts showing why housing inventory seems to be an issue, the charts which cover prices, income growth, sales and construction, and when is a good time to buy and sell.  Although Republicans are pushing to do away with Dodd-Frank, one part of it they are still holding back on is fees.

In The News:

News Factor Network – “May I Virtually Help You?  Chatbots Move Into the Real Estate Sector” (3-26-2017)

“Fandango uses them to communicate with movie fans. Dominos offers them to help customers order pizza. And Nordstrom utilizes them to help shoppers customize gift ideas.  They’re called “chatbots,” and they’ve now infiltrated the real estate space, making it easier to hunt for a home or rental unit or list your property for sale.”

Bloomberg – “Caught Between JPMorgan and Wal-Mart, Congress Avoids Fee Rule” (3-27-2017)

“Congressional Republicans are eager to overhaul the Dodd-Frank financial law. One part, however, they wouldn’t mind putting off.”

Realtor.com – “Millennial Magnets: The Top 10 Cities Where Young People Want to Be” (3-27-2017)

“What do millennials want, anyway? Marketing execs all over the country have been tripping over themselves for years to find the answer.”

Fannie Mae – “Lenders Economic Optimism Reaches Survey High As Profit Outlook Remains Subdued” (3-27-2017)

“Mortgage lender expectations for the economy and home prices reached survey highs amid challenges to profit margins from competition and a shift toward purchase mortgages, according to Fannie Mae’s first quarter 2017 Mortgage Lender Sentiment Survey.”

Inman – “Are expansion teams the emerging superpowers of real estate?” (3-27-2017)

“At a recent Inman conference, an innovative indie broker was musing about shrinking broker margins.  He recommended that company owners leverage their agent relationships as distribution channels for technology companies to provide and sell software and services.”

Forbes – “Abu Dhabi’s Real Estate Ties To U.S. Deepen With $300 Million Chrysler Building Financing” (3-27-2017)

“Major financial institutions based in Abu Dhabi, no stranger to the U.S. real estate scene, have recently been on both the giving and receiving ends of the financing for prominent New York City properties.”

The Real Deal Magazine – “The death of the all-cash Chinese buyer – and what it means for NYC banks” (3-27-2017)

“Late last year, Steven Ho saw alarm bells on social media: The Chinese government was gearing up for a major crackdown on foreign investment, and on messaging platforms such as WeChat and Line, Ho’s friends told him they were concerned that money would be tighter.”

Bloomberg – “America’s Housing Inventory Problem, Explained in Four Charts” (3-27-2017)

“The paucity of houses on the market remains a nagging hurdle for those Americans interested in trading up or looking to take their first step into homeownership.”