It's not all about the clients Your ability to serve customers isn't the only measure of your professionalism. How well you handle adversarial circumstances with cooperating agents also can affect your reputation. Listen to Drive With NAR.
Listing Presentation Checklist | Listing Presentation PDF These Listing Presentation templates make you stand out from the competition. Give your prospects and clients a reason to place a premium on your expertise. Includes real listing presentation templates, scripts, and strategies. Click here to get the templates today: Download Now!
High-end Beverly Hills home gets offers despite slowdown Carl Gambino was the listing agent for this Beverly Hills, Calif., home that entered the market in June and recently closed with a sale price of $35.25 million. This was among the highest prices paid in the Trousdale Estates neighborhood, area agents say. Full Story: The Wall Street Journal (10/28)
Rising home values mean more cash for local governments Rising real estate values have benefited local governments such as Blaine County, Idaho, though the additional receipts have also come with some housing challenges due to lack of inventory. "When Sun Valley was discovered by people in other areas trying to get out during COVID, a lot of people came from other states and were paying cash for a lot of the properties," County Assessor Jim Williams said. Full Story: Idaho Mountain Express and Guide (11/2)
Economists: Recession could be worse than expected Indicators suggest a looming economic downturn could be more severe than expected, economists say. Warning signs have appeared in the housing market, and acceleration of core consumer price increases suggests inflation remains "a bit like whack-a-mole, with a different piece of the basket popping up with inflation pressures," says Sonal Desai, chief investment officer at Franklin Templeton Fixed Income Group. The situation could force the Federal Reserve to remain hawkish longer. Full Story: Financial Times (subscription required) (11/1)
12 ways fintech will transform consumer finance Technological innovation has the potential to revolutionize every aspect of banking and financial services from home loans and payments to digital currencies and cybersecurity. Developments such as real-time payments promise not only to speed up transfers but also to lower transaction costs, while open banking and APIs will open the door to more consumer choice. Full Story: Forbes (tiered subscription model) (11/1)
Fair & Equitable Housing
Rent control proposals hitting ballots nationwide Rising rents and inflation are squeezing the pocketbooks of many consumers and are leading to renewed proposals for rent control in many cities. Ballot initiatives are encountering support and criticism in many areas. Full Story: The Associated Press (11/1)
Legislation & Regulation
Lawmakers urge Fed to slow pace of rate hikes Sen. Elizabeth Warren, D-Mass., has joined other lawmakers in urging the Federal Reserve to ease the pace of interest rate hikes amid its ongoing tightening of monetary policy. In a letter to the Fed sent ahead of this week's policy meeting, lawmakers said the central bank's "interest rate hikes risk slowing the economy to a crawl while failing to slow rising prices that continue to harm families." Full Story: American Banker (11/1)
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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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