Why form a real estate team? To prevent burnout | 3 standards multigenerational housing needs to meet | Break your outrage addiction before it overtakes you
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Break your outrage addiction before it overtakes you Outrage appears to be all the rage these days, especially online and in the media, and it can become an addiction that can hamper your effectiveness if not kept in check, writes LaRae Quy. Quy offers ways to unplug from sources of outrage and learn how to become aware of "how moral battles upset you." Full Story: SmartBrief/Leadership (11/16)
Minimize choice overload to promote innovation Make it easy for executives to approve innovative ideas by framing them "in such a way that it requires the fewest comparisons to other requests possible," writes Nick Skillicorn, CEO of Improvides Innovation Consulting. Likewise, narrowing the range of choices is also key when bringing products to customers, who may be less inclined to use a product or service if they feel overwhelmed, Skillicorn writes. Full Story: Idea to Value (11/15)
Real Estate Trends
Economist: Mortgage rate slide points to recession peak Data released by Freddie Mac shows a drop in 30-year fixed-rate mortgages from 7.08% to 6.61%, the largest week-to-week drop in decades. "Mortgage rates tumbled this week due to incoming data that suggests inflation may have peaked," said Freddie Mac chief economist Sam Khater. Full Story: MarketWatch (tiered subscription model) (11/17)
Home Depot, Lowe's build on home improvement demand US homeowners are shifting to an "improve in place" mindset amid an increasingly uncertain housing market, fueling spending on maintenance and home improvement projects, Home Depot Chief Financial Officer Richard McPhail said. Aging housing stocks and the rise in people working from home are also fueling the trend, which is driving growth for both Home Depot and Lowe's. Full Story: CNBC (11/18)
Technology & Innovations
How construction is driving toward sustainability Achieving an environmentally friendly circular economy will depend on construction and its materials. Katharine Sanderson looks at different projects to make concrete less carbon-intensive, as well as initiatives to bring about greater standardization and tracing for reusable materials and structural elements. Full Story: Nature (11/16)
Voters support measures for rent caps, affordable housing Voters in multiple cities including Portland, Maine, and the California cities of Richmond and Santa Monica approved measures designed to keep rent increases below inflation, and a number of measures promoting affordable housing also won at the ballot box. Full Story: The Associated Press (11/16)
Legislation & Regulation
CFPB fines mortgage firm in relief fund case The Consumer Financial Protection Bureau has fined Carrington Mortgage $5.25 million for alleged malpractices in managing COVID-19 relief funds, with CFPB Director Rohit Chopra saying the firm "unlawfully withheld legally mandated pandemic protections, wrongly imposed fees, and reported false information to credit reporting companies." Carrington has agreed to settle the fine but its CEO Bruce Rose says it has done so only to avoid lengthy litigation, and points out the CFPB has not asked for further consumer remediation. Full Story: National Mortgage News (tiered subscription model) (11/17)
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The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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