Tax reform package includes provisions that support the real estate economy | What do recent MLS policy changes mean for brokerage firms? | Instagram head: Algorithmic feeds are essential
Tax reform package includes provisions that support the real estate economy The U.S. House of Representatives passed a long-anticipated tax reform package, the One Big Beautiful Bill Act, with provisions that directly support National Association of REALTORS® members and the broader real estate economy, including an increase in the qualified business income deduction and quadrupling the SALT deduction. NAR's advocacy team successfully secured its top five tax priorities in the bill. With House approval secured, the bill now moves to the Senate for further consideration. Full Story: REALTOR® Magazine (5/22)
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Answers About Multiple Listing Options for Sellers
What do recent MLS policy changes mean for brokerage firms?
Brokerage firms will be able to offer additional marketing options to their consumers in a manner consistent with their needs and interests. Find more answers about NAR's new policy statement, Multiple Listing Options for Sellers, at facts.realtor.
Best Practices in Sales & Marketing
Instagram head: Algorithmic feeds are essential Adam Mosseri discusses the role of algorithmic feeds in social media, explaining that they are essential for growth. With a decline in public posting, platforms like Instagram rely on algorithms to present content that users are more likely to engage with, enhancing the overall user experience. Full Story: Yahoo/Business Insider (5/21)
Real Estate Trends
More listings, fewer closings Sales of existing homes slowed slightly last month, despite rising inventory and the addition of 7 million jobs in the past three years. One encouraging sign: First-time buyers are back. "Pent-up housing demand continues to grow," NAR Chief Economist Lawrence Yun says. "Any meaningful decline in mortgage rates will help release this demand." Full Story: REALTOR® Magazine (5/22)
Creating "room serenity" involves using calming design elements that therapists and interior designers often employ to make spaces feel more tranquil. Biophilic design, nature-inspired colors, layered lighting and soft textures are key components. "A therapist's office is, at its best, a sanctuary of stillness," says interior designer Rachel Blindauer. "Vulnerability requires softness, but also containment. It's a delicate balance." Full Story: House Beautiful (5/21)
Historic Green Gables Estate on market for $125M Green Gables Estate, a historic mansion in Woodside, Calif., has been listed with a $125 million asking price, though buyers also have the option to purchase one or more of 10 estate lots separately. The 74-acre property, built in 1911, features seven residences, a Roman pool, tennis courts and more. The listing agents are Helen and Brad Miller of Compass. Full Story: The Tribune (San Luis Obispo, Calif.)/Tribune Content Agency (5/21)
Business Wellness
Recognizing and overcoming 7 harmful mental habits Negative self-talk can be a significant barrier to confidence and personal growth, writes licensed clinical social worker Amy Morin. When this internal dialogue is overly critical, it can lead to anxiety and create self-fulfilling prophecies. To overcome this, it is essential to recognize when your inner critic is at work and practice self-compassion by asking what advice you would give a friend in the same situation. Full Story: Psychology Today (5/21)
News from NAR
NAR to consider amendment to Code of Ethics standard around discriminatory speech In early June, National Association of REALTORS® leaders will debate and vote whether to amend the organization's standard of practice related to discriminatory speech. The recommendations are an effort to ensure that NAR's professional standards policies are clear and can be enforced fairly and consistently. Full Story: REALTOR® Magazine (5/21)
Fair & Equitable Housing
New apartment building brings affordable housing to town Forest Edge Apartments in Lac du Flambeau, Wis., a $15 million project, will add 40 affordable housing units to the town. The development includes two-story townhomes, ADA-accessible units and sustainable features such as solar panels and electric heat pumps. The project addresses a significant need for housing in the area, particularly for low-income residents and the local workforce. Full Story: WXPR-FM (Rhinelander, Wis.) (5/22)
Legislation & Regulation
Trump considers making Fannie, Freddie public President Donald Trump is considering taking Fannie Mae and Freddie Mac public, consulting with Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Federal Housing Finance Agency Director William Pulte. The move could significantly impact the mortgage market, as the companies support about 70% of U.S. mortgages. Full Story: The Wall Street Journal (5/21),Reuters (5/21),Axios (5/21),Politico (5/21)
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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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