Is the remodeling boom over—or just on pause? | Find opportunities for 1031 exchanges in today's market | 4 reasons you might consider getting on TikTok
Listing Marketing Made Easy with ChatGPT for Real Estate The AI revolution is here. But what does it mean for us in real estate? We've been experimenting with ChatGPT, using it to simplify and streamline our everyday processes, and we've developed some templates that'll help you create awesome listing marketing in just a fraction of the time. Download Now >>
Boost your business success through networking Networking—or expanding people connections in your industry and community—is essential to improving as a business leader, learning about new business possibilities, and finding investors. Ethan Goldman, producer of Anchor Entertainment, says networking with people at his alma mater Tufts University has played a crucial role in his success. Full Story: Inc. (tiered subscription model) (5/23)
Challenges of poverty go beyond gentrification Displacement of residents is among the negative impacts of gentrification, a concept that has a long and complex history in American cities. "For low-income people, rates of displacement and evictions are similarly high in gentrifying neighborhoods as in neighborhoods defined by concentrated poverty and disinvestment," Benjamin Schneider writes. Full Story: Fast Company (tiered subscription model) (5/24)
Legislation & Regulation
Regional banks use reciprocal deposits to ease concerns Regional banks are increasingly turning to reciprocal deposits, breaking them down into parcels of $250,000 or less and transferring them among other lenders, which will keep the deposits fully insured by the Federal Deposit Insurance Corp. Such deposits reached a record $221 billion at the end of March, a significant rise from $158 billion at the end of the previous quarter, and the moves are seen as a bid to calm customers' concerns over the safety of their deposits. Full Story: Financial Times (5/24)
Debt ceiling talks hit impasse over spending cuts Ongoing negotiations to increase the U.S. debt ceiling have stalled, with key differences surrounding Republican-demanded spending cuts presenting a significant hurdle and the possibility of an unprecedented default looming. Despite serious economic implications, including a potential recession, negotiators appointed by President Joe Biden and House Speaker Kevin McCarthy, R-Calif., remain deadlocked, as Treasury Secretary Janet Yellen warns of possible cash shortages by early June. Full Story: Bloomberg (5/24)
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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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