Inspirational stories from NAR members emerge from NAR NXT
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December 12, 2024
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At NAR's Real Estate Forecast Summit, economists unveil the cities expected to lead the housing rebound and the key indicators of an improving market.
Full Story: REALTOR® Magazine (12/12) 
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Best Practices in Sales & Marketing
Video: NAR and FEMA discuss why the extension of the National Flood Insurance Program is essential to protect citizens in flood-prone areas.
Full Story: REALTOR® Magazine (12/12) 
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At the "Enchanted Library," an interactive space at the annual conference, agents and brokers opened up about how they've become everyday heroes for their clients.
Full Story: REALTOR® Magazine (12/9) 
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False equivalencies in discourse can erode trust
(Pixabay)
False equivalencies—which present two sides of an argument as equally valid when one lacks factual grounding—can undermine public discourse and trust, writes Paul Oestreicher. The issue is evident in debates on climate change and vaccine safety where misinformation spreads unchecked, often amplified by social media. Oestreicher emphasizes the need for better communication of scientific processes to rebuild trust.
Full Story: O'Dwyer's (12/11) 
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Real Estate Trends
An analysis of the industrial, retail, multifamily and office segments finds that "year-over-year rent growth rates have broadly been modest or moderating across the four traditional property types," writes Nareit's Edward Pierzak. However, "it is important to note that rent growth rates across each of the four traditional property types have generally remained positive," Pierzak writes.
Full Story: Nareit (12/10) 
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There are certain signs of growing momentum for new multifamily projects as interest rates decrease and inflation slows. For example, AvalonBay Communities recently started construction on a 444-unit development in Austin, Texas. "We are leaning into development, which not everyone's saying," said AvalonBay CEO Benjamin Schall.
Full Story: Bisnow (free registration) (12/8) 
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Technology & Innovations
Smart-home energy monitors are devices that provide real-time data on energy consumption, helping homeowners reduce usage and costs. These monitors can identify energy-hogging appliances and suggest more efficient usage patterns. They often connect to smartphones or tablets, offering convenience and accessibility for users.
Full Story: Trend Hunter (Toronto) (12/12) 
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Fair & Equitable Housing
The Homeless Outreach Team at the Las Vegas Metropolitan Police Department has made nearly 50,000 contacts since its inception in 2018, helping more than 500 people this year alone get off the streets completely, the department reports. The team works closely with community organizations to connect people with shelter and social services, and it has advised similar teams in Albuquerque, N.M., and Columbus, Ohio.
Full Story: KVVU-TV (Las Vegas) (12/10) 
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Legislation & Regulation
A bill that would have temporarily raised commercial property taxes in Boston has failed in the Massachusetts Senate, with a legislative leader citing concerns about the potential economic impact. Mayor Michelle Wu says that without her proposal, single-family homeowners' taxes will increase 10.5%, up from an average of 9% in recent years.
Full Story: Bloomberg (12/10) 
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Thirty-eight percent of respondents to a survey by the Federal Reserve Bank of New York expect their financial situations to improve in the coming year. Respondents' one-year, three-year and five-year inflation expectations also increased by 0.1%.
Full Story: Reuters (12/9),  BNN Bloomberg (Canada) (12/9) 
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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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