NAR members blanket media with pro-consumer messaging | Tips to help your small-business videos go 'viral' | Marketers still trying AI as ROI remains unclear
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August 26, 2024
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As changes in the real estate industry take hold, NAR members have stood at the ready to offer answers for buyers and sellers.
Full Story: REALTOR® Magazine (8/26) 
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Best Practices in Sales & Marketing
YouTube, though often underutilized, can advance marketing efforts when channel descriptions are used to boost video visibility and engagement, with free templates to accomplish this available in this article. Clearly explaining content, including calls to action, and adding personality to descriptions can increase subscribers and engagement, as exemplified by channels like Yoga with Adriene and SciShow.
Full Story: HubSpot (8/21) 
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Two years into the rise of generative AI, marketers still are primarily experimenting. High-profile AI campaigns, such as Coca-Cola's AI-generated flavor, have not shown a profitable ROI, says Momentum Worldwide's Jason Snyder, whose agency was behind the campaign. Snyder said it'll still take several years before AI is truly integrated into media buying, creative development and other processes.
Full Story: Adweek (8/22) 
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Nearly 300 social media influencers and content creators were invited to the Democratic and Republican National Conventions as part of the parties' strategy to court younger voters, of which 70% said they got their 2020 election information from social media. "There are influencers that are way more powerful than the TV networks, way more powerful than the New York Times or the Washington Post, and way more important if you're trying to reach actual voters," says Rick Klein, political director at the ABC News Washington Bureau.
Full Story: ABC News (8/24) 
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Real Estate Trends
Your clients continue to focus on curb appeal, targeting improvements for the front and back yards.
Full Story: REALTOR® Magazine/Styled, Staged & Sold (8/26) 
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Sales of new single-family homes in the U.S. reached a seasonally adjusted annual rate of 739,000 units last month, climbing 10.6% to hit the highest point in more than a year, according to the Commerce Department. The month saw the sharpest rise in sales since August 2022.
Full Story: Reuters (8/23) 
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The median U.S. monthly mortgage payment decreased in the four weeks through Aug. 18, reaching $2,587, according to Redfin. The decrease was accompanied by mortgage rates dropping to a 15-month low, and Redfin also noted that touring activity and online searches for homes have increased.
Full Story: GlobeSt (free registration) (8/26) 
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Technology & Innovations
Ease, efficiency and design are top concerns for luxury homeowners who want the best from their smart home technology. Planning and professional expertise can help.
Full Story: REALTOR® Magazine (8/25) 
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Fair & Equitable Housing
A newly opened affordable housing lottery in Brooklyn offers units with "luxury hotel-style amenities." These include parking, a gym, a yoga studio, multiple outdoor areas and a rooftop terrace.
Full Story: WPIX-TV (New York City) (8/23) 
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Legislation & Regulation
Federal Reserve Chair Jerome Powell signaled interest rate cuts are coming, saying that "the time has come for policy to adjust." He noted that "the timing and pace of rate cuts" will depend on multiple factors, including economic data and risks. Speaking at the Fed's annual gathering in Jackson Hole, Wyo., Powell noted that inflation has decreased and "the labor market is no longer overheated."
Full Story: CNBC (8/23),  The Wall Street Journal (8/23),  The New York Times (8/23) 
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About The National Association of REALTORS®
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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