Today’s News Synopsis:

Aaron Norris of the Norris Group gives this week’s Norris Group real estate headline roundup.  Tesla has come up with new solar roof panels, which it will begin taking orders on as early as next month.  The CFPB is planning to make changes to the Equal Credit Opportunity Act to provide mortgage lenders more leniency.  Citi believes Macy’s one flaw despite showing good sales and having a good real estate portfolio lies in issues involving structure.

In The News:

Zillow – “Homes in Short Supply as Home Shopping Season Kicks Off” (3-23-2017)

“Home values across the country are up 7 percent since last February, with 3 percent fewer homes to choose from than a year ago, making for another competitive home shopping season.”

CNBC – “Citi just captured Macy’s core issue: It sells ‘other people’s stuff’ and has too many stores” (3-24-2017)

“Macy’s faces “structural issues” that won’t be offset by the value found in its real estate portfolio, according to Citi Research, which downgraded the retailer to neutral from buy on Friday.”

Realtor.com – “The Over-the-Top Mansions Billionaires Just Can’t Sell” (3-24-2017)

“A billionaire’s home may have it all—over-the-top amenities and square-footage measurements in the tens of thousands are just some perks—but that doesn’t mean it sells right away when it hits the market.”

DS News – “CFPB to Amend Equal Credit Opportunity Act” (3-24-2017)

“The Consumer Financial Protection Bureau released a proposal to amend certain regulations in the Equal Credit Opportunity Act (ECOA).”

Institutional Investor – “Rising Online Retail Sales Drive Industrial Real Estate Boom” (3-24-2017)

“In the real estate market, is there a law of conservation of brick and mortar akin to chemistry’s law of conservation of mass?”

Bloomberg – “Tesla Will Take Orders for Its Solar Roof in April” (3-24-2017)

“Tesla Inc. is ready to start taking deposits for its stunning solar roof tiles.  The company will begin taking orders next month, Chief Executive Officer Elon Musk said via Twitter on Friday.”

Realtor.com – “5 Rude Awakenings You’ll Experience Moving to the Burbs” (3-24-2017)

“You moved to the suburbs for a reason. You didn’t go there naively. You knew it would be different. It was clear from the start that you would trading your innovative restaurants, exciting nightlife, and cool cultural attractions for more space and, well, mostly the extra space.”