Home prices end a decade of surges as sales rebound | Where to post your videos on social for maximum exposure | How a series of alarms can save your productivity
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How a series of alarms can save your productivity Firas Kittaneh, CEO of Amerisleep Mattress, suggests setting alarms throughout the business day to keep yourself from "overthinking simple problems or turning quick conversations into multi-hour discussions." Kittaneh's time-control tip is one of eight presented in this article, which also suggests automating as many tasks as possible. Full Story: Forbes (tiered subscription model) (3/20)
Real Estate Trends
Real estate pros anticipate busy spring sales season Real estate professionals say that market conditions are more favorable to home buyers than in recent years but a dearth of supply means that homes continue to be in high demand. "I encourage my buyers to let everyone in their social circle know about what they are looking for in their next home," said Redfin's Holly Stinson, noting that "somebody knows someone who owns your dream house and might be looking to sell it in the near future." Full Story: MarketWatch (tiered subscription model) (3/20)
You've probably heard about how commercial real estate executives are trying to reinvent the industry to keep pace with post-pandemic office trends. The owners of One Wall Street, which was originally opened in 1931, decided to reinvent their building. The results are stunning. It's almost hard to believe an outside that looks so old on the outside could look so new on the inside. Full Story: Dezeen (3/19)
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Esther Choy, the CEO of Leadership Story Lab, recently used ChatGPT-4 to compose a poem about the importance of leadership storytelling, and while it was accurate, it was missing something vital—the triumph over obstacles that creates the heart of good storytelling. "What draws audiences to a story, what makes people feel a sense of connection, is the difficulty we face, the pain we endure and the revelation we arrive at," Choy writes. Full Story: Forbes (tiered subscription model) (3/19)
Virginia Habitat chapter shifts to modular housing The Habitat for Humanity chapter in Powhatan, Va., is taking a different approach to providing affordable housing: modular homes. The 1,200-square-foot homes with three bedrooms and two bathrooms, at a cost of about $200,000, are built mostly off-site and the sections delivered to be finished by Habitat volunteers. Full Story: Richmond BizSense (Va.) (3/20)
Legislation & Regulation
Morgan Stanley: Banks should tighten lending standards Morgan Stanley analysts say that U.S. banks should tighten lending standards, protect their balance sheets and take steps to increase liquidity to safeguard against any potential systemic risks. "Expect management teams will open up the defense playbook," the analysts said in a report. Full Story: Reuters (3/20)
Banking turmoil could affect lending to families, businesses The collapse of Silicon Valley Bank—and other disruption in the banking sector—could have broader implications for the economy by raising recession risks and potentially making it more difficult for families and businesses to get financing from smaller banks. "Once there is stress in a particular set of institutions, then those institutions and those that have similarities will tend to be more cautious in their lending," said Greg Daco, chief economist at EY-Parthenon. Full Story: The Wall Street Journal (3/19)
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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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