Labor Day Sale: Ends 9/11/2022 NAR members receive exclusive Labor Day savings up to 69% now through Sept. 11th. Shop Lenovo's huge portfolio of award-winning tech, as well as top brands like Fitbit wearables, Logitech headsets, and more! To access your exclusive offers, log in with your NAR member ID at www.lenovo.com/NAR We’re here to help, call 800-426-7235.
ADVERTISEMENT:
Best Practices in Sales & Marketing
Why home staging inspires the best offers in any market If buyer demand is slowing down in your area, it's even more important to stage your listings thoughtfully so they won't linger on the market. The right furniture arrangements can move you into a higher price point and help buyers fall in love the moment they walk through the door. Full Story: REALTOR® Magazine/Styled, Staged & Sold (8/29)
Real Estate Trends
Analysts foresee housing price drops in Northwest As buyer demand wanes, CoreLogic analysts expect price drops in the coming months in some housing markets, especially in Oregon and Washington. Higher mortgage rates and general worries about the economy are affecting buyer demand, experts said. Full Story: The Hill (9/5)
Some prospective home buyers want to use crypto Agents see a chance for growth in the housing market with buyers who would prefer to use crypto assets to secure property. Developer PMG has partnered with the FTX crypto exchange to accept cryptocurrency for condos, including projects in Miami. Full Story: Financial Times (subscription required) (9/4)
Economists predict housing price drops Economists say home prices are beginning to decrease in markets across the country, including greater Las Vegas and Austin, Texas, with corrections that could reach as much as 5% as rising interest rates, inflation and prices have suppressed some demand. "Even as median list prices continue to advance—the result of homeowners pricing properties based on market data from months ago—growing inventory and shrinking buyer traffic are starting to put downward pressure on prices," says George Ratiu, a senior economist with realtor.com®. Full Story: MarketWatch (tiered subscription model) (9/4),Newsweek (tiered subscription model) (9/3)
Technology & Innovations
Industry experts note virtual home tech New technology is revolutionizing how people conceptualize their homes, with Ohio-based Tekton Engineering finding success in providing the steps to building a house, virtually immersing people into renderings of a physical space. The technology, which is still being developed, will be available for builders, contractors, engineers, architects interior designers, commercial companies and home buyers, says Kenny Miller of Tekton. Full Story: Forbes (tiered subscription model) (9/4)
Business Wellness
Are you safer on the job if you join a team? Colisting homes with your teammates or conducting showings in a group doesn't necessarily make you less of a target for criminals. Safety procedures are just as important for teams as individual agents. Here's how to make personal security part of your team's culture. Full Story: REALTOR® Magazine (April 2018)
Fair & Equitable Housing
Miami plans to help homeowners pay delinquent HOA dues Florida's Miami-Dade County is proposing to set aside $25 million to help homeowners who have fallen behind on association dues, mortgage, insurance or utility payments, a move that's part of a broader effort to support housing affordability. The HOMES Plan would allow eligible homeowners to receive up to $1,500. Full Story: WPLG-TV (Miami) (8/29)
Legislation & Regulation
Data suggests economy may not face recession The GDP has fallen for two quarters, suggesting the national economy is entering a recession, but another benchmark, gross domestic income, is up 1.6%. The reading suggests the economy may be stagnating rather than contracting. Full Story: Bloomberg (8/25),The Wall Street Journal (8/29)
Sharing Navigate With NAR Powered by REALTOR® Magazine with your network keeps the quality of content high and these newsletters free.
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.
SmartBrief Publishes More Than 200 Free Industry Newsletters - Browse Our Portfolio
