Use these approaches to market research and pricing to ensure your listing doesn't linger on the market.

If you commit any of these offenses, then it's no wonder clients will pass you by.

Location, privacy and natural beauty are a winning combination for mega-listings on Nantucket Island in Massachusetts, an area that routinely has deals over $15 million. "It's not like you can get in a car, and you're going to run by big-box stores. You're very secluded," said Craig Brody, a Boston-based real estate professional.

The real estate community's response to the Russian invasion has been massive, finding housing for refugees and leading numerous humanitarian efforts.

There is an influx of new inventory coming to market as home price appreciation is slowing nationwide, factors that could mean more opportunities for buyers. "This summer's main lesson is the importance of setting a reasonable asking price," says Holden Lewis of NerdWallet.

Kalamazoo, Mich., along with the towns of Harlingen and McAllen, Texas, make Kiplinger's latest list of America's most affordable cities. Jackson, Miss.; Amarillo, Texas; and Anniston, Ala., also maintain costs of living well below the national average.

The use of virtual or online real estate closings increased during the coronavirus pandemic; while most states permit online notarization of forms, a handful, including California, have lagged. "It's really not a technology limitation; we've got all the tech now where you can do a fully digital close," said Rocket Mortgage CIO Brian Woodring, noting that "it's really the legal innovation that needs to happen."

A recent poll finds stakeholders in New Orleans divided on how best to tackle the affordable housing issue, with some supporting tax incentives for developers while others want to see an increase in public housing. "The only way to fix the affordable housing crisis is to have the political will to view and legislate housing as a right," says Ashe Cultural Arts Center CEO Asali Ecclesiastes.

Affordable housing advocates in Boise, Idaho, are pursuing innovative solutions, including leveraging donated land and alternative construction techniques. Boise's housing shortage of 13,000 units is part of a broader national shortage in the millions.

The Senate has approved Democrats' $740 billion climate, health care and tax package on a party-line vote in which Vice President Kamala Harris broke the tie. The Inflation Reduction Act includes $374 billion in climate and energy spending, Medicare negotiations for drug prices, a 15% minimum corporate tax and a stock buyback tax, while a proposed tax increase on private equity managers' carried-interest income has been dropped. The House is expected to vote on the legislation Friday.