Help clients avoid moving scams While real estate agents are typically not involved in the moving aspect of home relocation, they can provide advice or even provide a list of potential sources to make the move a simple and scam-free process. Full Story: REALTOR® Magazine/The Lounge (3/14)
Napa listing appeals to wine enthusiasts Ginger Martin of Sotheby's International Realty's St. Helena brokerage is the listing agent for this $9.95 million Napa, Calif., property featuring a hobby vineyard. Full Story: Wine Business online (3/12)
Home buyers struggling to cut mortgage borrowing costs Home buyers are looking for ways to reduce the cost of borrowing money, such as turning to an adjustable-rate loan or paying more upfront. But these no longer seem to be working, as discounts tend to come "from money you're spending one way or another," said Brennan O'Connell, director of data solutions at mortgage technology and data company Optimal Blue. Full Story: The Wall Street Journal (3/14)
Blackstone's Gray calls real estate market bottom Real estate prices have bottomed out, says Blackstone president Jon Gray, making now the time to buy. "As investors, sometimes, one of the risks is that you miss it by being overly cautious and I think now is probably a good time before rates come down," Gray added. Full Story: Bloomberg (3/14)
Job pressure building? 8 ways to blow off steam Sometimes, we all need to vent about our job, writes Robyn McLeod, who recommends finding an ally either in your office or outside of work and setting aside time to complain, coupled with time to brainstorm solutions. Other pressure-relieving activities include taking a walk or other form of exercise, journaling or hiring a coach, McLeod advises. Full Story: Chatsworth Consulting Group (3/14)
Fair & Equitable Housing
Housing affordability a top issue for Biden administration President Joe Biden, increasingly worried about how the soaring cost of housing could weaken his reelection campaign's economic arguments, is pushing for new initiatives to address the issue within the White House. He has been actively seeking solutions to make housing more affordable and accessible, discussing mortgage and rental rates with his team, and emphasizing the housing affordability crisis as a primary concern among voters. Full Story: Politico (3/14)
Market interest rates are unlikely to return to levels seen before the pandemic, Treasury Secretary Janet Yellen says. White House projections show higher expectations for interest rates during the next few years than previous projections, reflecting "current market realities and the forecasts that we're seeing in the private sector, that it seems unlikely that yields are going to go back to being as low as they were before the pandemic," Yellen says. Full Story: Fox Business (3/13),Bloomberg (3/13)
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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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