Dos and don'ts to win the listing Maryland broker Peter Murray remembers his first seller lead: "The seller was uninformed about the process of selling a home, and I had little training on what to do or say. So, I did everything wrong." Find out the four things he learned never to do again. Full Story: REALTOR® Magazine (March 2017)
Agent undaunted by buying and selling simultaneously Agent Amanda Fallon of Re/Max Partners helped her client in California find a seller's agent for a two-bedroom condo while simultaneously finding the client's new house further east. "At the time, it was so competitive here, most builders were not accommodating buyers who had a home to sell," Fallon says. Full Story: The New York Times (8/28)
Barbie is inspiring new trends—even at 60. The nostalgia of her iconic home, the Barbie Dreamhouse, is influencing a new shift in home design toward colorful, playful vibes and, of course, plenty of pink. What do you think of "Barbiecore?" Full Story: REALTOR® Magazine/Styled, Staged & Sold (8/22)
Sellers adjust to changing market forces Sellers in Boise, Idaho, and other cities that surged amid the coronavirus pandemic are now lowering asking prices for homes, according to a Redfin report. "Sellers are adjusting their expectations in real time as they realize they may not get the price their neighbor got two months ago," said Sheharyar Bokhari, Redfin's senior economist. Full Story: Forbes (tiered subscription model) (8/28)
This Connecticut guest house features interiors designed around a strict black and white color scheme. "We love monochrome spaces," says designer Chelsea Reale, "especially in smaller settings as it gives your eyes the chance to flow through the space without interruption." Full Story: Livingetc (8/6)
Lenders: Manufactured homes an answer to affordability Financiers say manufactured housing is one important but overlooked tool to address the affordable housing shortage, noting that manufactured home communities are stable and apartment development cannot meet the needs of all areas. "It's not that easy to develop affordable apartments as development costs are now so high that there is an implied floor on rent levels to justify the investment," says Peter Szewczyk of Capital One. Full Story: GlobeSt (free registration) (8/29)
Legislation & Regulation
High interest rates a hurdle to homeownership for Blacks Interest rate increases by the Federal Reserve in response to inflation are hitting Black Americans harder than others, especially when it comes to buying a home. "African Americans have the lowest homeownership rates among the four major racial groups in the country," says Romie Tribble, secretary of the National Economic Association. Full Story: The Hill (8/28)
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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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