Home buyer opportunities appear to be opening up | Will seller concessions communicated on an MLS be binding on the seller? | Transform how you 'work the phones' using AI call assistants
As a general matter, seller concessions usually aren't binding until they are established in an executed contract, such as a listing agreement or a purchase contract. Get more facts about NAR's proposed settlement agreement at facts.realtor.
Don't start at the beginning for best storytelling Find a personal angle to your story but avoid getting bogged down in too much detail, writes public speaking coach Nick Morgan, who also advises storytellers to avoid chronological order to maintain suspense. Morgan also offers tips on when to start the story for maximum engagement, as well as how to pepper stories with plenty of conflict to keep audiences interested, adding that "[a]ll the states of mind that most of us prefer to avoid in our real lives are what make stories interesting." Full Story: Public Words (6/25)
Real Estate Trends
Reports highlight recent changes in housing prices An S&P CoreLogic Case-Shiller index that tracks national home prices rose 6.3% in April on a year-over-year basis, a slowdown from the 6.5% gain in March. Meanwhile, the Federal Housing Finance Agency reported that single-family home prices were up 0.2% from the prior month in April. Full Story: MarketWatch (tiered subscription model) (6/25),Bloomberg (6/25),Reuters (6/25)
Drive-in mansion appeals to car collectors An 11,361-square-foot, six-bedroom house in Nevada features a 13-foot doorway in the living room to allow cars to be driven in. Listing agent Michele Sullivan with Douglas Elliman Real Estate said the owner, a car enthusiast with nearly 100 cars, had the door installed for this purpose. Full Story: Las Vegas Review-Journal (tiered subscription model) (6/26)
Technology & Innovations
Luxury design incorporates smarthome tech Luxury home technology has evolved from a convenience to a necessity, with robust networks and prewiring becoming essential for seamless operation and future-proofing. Integration of tech that complements home design, unified smarthome control systems and high-performance home theaters are key trends. Full Story: Innovation & Tech Today (6/26)
Business Wellness
Is the Great Resignation still happening? According to PwC's 2024 Hopes and Fears survey, the proportion of workers planning to change jobs has increased to 28%, higher than during the Great Resignation of 2022. PwC experts emphasize the need for businesses to invest in employee skills and technology to retain talent because "job satisfaction is no longer enough." Full Story: Reuters (6/24)
Fair & Equitable Housing
Project aims to increase affordable housing in Maine GreenMars Real Estate plans to build 90 starter-home condos and 18 rental units in Portland, Maine. Half of the condos will be designated as affordable housing for those earning at or below the area's median income. Full Story: WGME-TV (Portland, Maine) (6/26)
Legislation & Regulation
Research: Paying bills is a concern for some Americans—even those who make at least $100,000 per year—are showing increasing concerns about their ability to meet their financial obligations, according to research from the Federal Reserve Bank of Philadelphia. Many respondents indicated that they had taken steps to relieve financial stress, such as by reducing spending or taking on another job. Full Story: Bloomberg (6/26)
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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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