Help buyers understand property taxes Property taxes are one of the costs of homeownership for which buyers need to plan. NAR's latest Consumer Guide helps your buyers understand how property taxes are calculated, paid, and reassessed. All of NAR's Consumer Guides are available in English and Spanish at facts.realtor.
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Leaders can fall into the trap of a "Singular Story," where they focus on a single viewpoint and dismiss others, writes Alaina Love, the CEO of Purpose Linked Consulting, which can stifle creativity and collaboration within teams. Love offers strategies to overcome this, such as recognizing defensiveness, fostering curiosity and practicing multiple ways to interpret feedback to see different points of view. Full Story: SmartBrief/Leadership (2/24)
Real Estate Trends
Antique cars offer could sweeten deal for New Jersey home A home in Morristown, N.J., is on the market for $1.46 million, with the option to include five antique cars. "Nestled in a picturesque setting, Mount Kemble Lake offers a unique blend of history, charm and community living," says listing agent Lisa Molinari of Weichert Realtors. Full Story: New York Post (2/25)
Single-family rents have risen more quickly Single-family home rents were 41% higher in January compared with the period before the onset of the pandemic, according to Zillow. Multifamily units saw rents rise 26% over the same time span. The gap may be attributed in part to a construction boom in multifamily buildings, which has helped to constrain rent gains. Full Story: CNBC (2/25)
Government's push to end leases could affect office market The recovery in the office market could be affected by the Trump administration's efforts to sell properties and terminate office leases. The impact could be felt across the country but could be particularly significant in Washington, D.C., a Barclays analysis suggests. "You will see there's a lot of buildings in Washington that are going to go away," noted Darrell Crate, CEO of Easterly Government Properties. Full Story: The Wall Street Journal (2/25)
Technology & Innovations
Apple's smart doorbell might include MagSafe Apple is reportedly developing a smart doorbell to compete with Ring, and a recent leak suggests it might feature MagSafe for easier battery charging. The doorbell is expected to include Face ID for quick unlocking and integration with HomeKit-compatible smart locks. Full Story: 9to5Mac (2/25)
Fair & Equitable Housing
Florida bill seeks to limit corporate-owned rental homes With corporate entities owning around 120,000 homes in Florida, a new bill that lawmakers will consider next month seeks to restrict their ability to purchase additional properties. The proposed legislation would empower local governments to create new "hybrid" zoning codes to limit or exclude future corporate-owned single-family homes. This initiative is designed to help Floridians compete in the housing market and make it more affordable for them to achieve homeownership. Full Story: WESH-TV (Orlando, Fla.) (2/19),WJAX-TV/WFOX-TV (Jacksonville, Fla.) (2/7)
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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