NAR Interim CEO Nykia Wright sets the record straight about the association and commissions in real estate. Watch and re-share her video to amplify how NAR makes efficient, transparent and accessible marketplaces possible, serving consumers and advancing homeownership.
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Best Practices in Sales & Marketing
Social media: More use, more news Every week, 46% of people spend more than six hours using social media, YouGov reports. The rate gets closer to 60% for people between 18 and 24 years old, and social media provides more news than TV does for most of those under 34. Full Story: Social Media Today (1/30)
Designing bedrooms as multifunctional spaces Maximizing space, particularly the bedroom, is increasingly important when it comes to design, whether due to the current housing market or the shift to remote work. Interior designers like Sean Anderson and William Hefner note a growing trend in transforming bedrooms into multifunctional spaces. Full Story: The New York Times (1/31)
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Technology & Innovations
TermScout launches marketplace for AI contract tools Contract review platform TermScout is moving into a new area with a marketplace where providers of AI can offer tools tailored to specific expertise. It's called Screens, and an early customer is the American Arbitration Association, which is using it to review dispute resolution clauses with an eye toward avoiding litigation. Full Story: LawSites blog (1/31)
REIT to preserve affordability of Virginia housing units Along with the development of a planned entertainment district in Northern Virginia, real estate investment trust JBG SMITH intends to preserve the affordability of 500 housing units in Alexandria. The company seeks to partner with the city in the endeavor. Full Story: Connect CRE (1/30)
Legislation & Regulation
Fed leaves benchmark interest rate unchanged The Federal Reserve left the federal funds rate unchanged at the conclusion of a policy meeting Wednesday, and Chair Jerome Powell has suggested cuts might not come at the March meeting. "It's a highly consequential decision to start the process" of lowering interest rates, "and we want to get that right," Powell says. "We've made a lot of progress on inflation. We just want to make sure that we do get the job done in a sustainable way." Markets fell in response to the news, with the S&P 500, the Nasdaq composite and the Dow Jones Industrial Average ending the day down. Full Story: The Wall Street Journal (1/31),CNBC (1/31)
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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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