VA signals temporary suspension of buyer agent payment ban | How will state laws affect the implementation of the practice change requiring written agreements with buyers? | Reach your goals by leaning on your network
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Written buyer agreements will be required of all MLS Participants working with buyers prior to touring a home, unless state law requires a written buyer agreement earlier in time. Get more facts about NAR's proposed settlement agreement at facts.realtor.
Shoppable posts, changes to ads and increased controversy around other social media apps have caused advertisers to invest more in Pinterest, contributing to a 23% increase in sales this year. Tinuiti Senior Social Innovation Director Jack Johnston noted that the platform also provides brands with early information about upcoming trends. Full Story: Modern Retail (tiered subscription model) (5/20)
Howard Hughes CEO: What people want from their communities People's preferences are always evolving, so flexibility is essential when building and planning communities, says Howard Hughes Holdings CEO David O'Reilly. Right now, residents want short commutes, nature access and family time, he says. O'Reilly also discusses the housing market more broadly, including how mortgage rates are affecting supply. Full Story: CNBC (5/20)
Survey: 36% see real estate as top long-term investment Americans consider real estate to be the best long-term investment, according to a Gallup survey in which 36% of respondents named it the best place to invest their money. Stocks took second place, cited by 22% of respondents, and 18% said gold is their top choice. Full Story: CBS News (5/15),ThinkAdvisor (free registration) (5/21)
Business Wellness
Upgrading your payroll can help your small business Small companies now have the ability to make payroll more efficient through using technology tools and platforms. Modernizing payroll may improve accuracy, and here is a look at a number of strategies that could help. Full Story: FinSMEs (5/21)
Fair & Equitable Housing
Housing nonprofits receive $475K from TD Bank Crossroads Rhode Island and Sojourner House, both nonprofits dedicated to housing, have received $425,000 from TD Bank. Sojourner House's $250,000 grant will be matched by federal funding and support its permanent housing program, while Crossroads' $175,000 will help prevent people from becoming homeless. Full Story: The Providence Journal (R.I.) (5/21)
Legislation & Regulation
Fed officials discuss the latest on inflation in 2024 The economy appears to be cooling slowly, according to Atlanta Fed President Raphael Bostic, noting that "my outlook is that inflation will continue to fall for this year and into 2025." Meanwhile, Michael Barr, Fed vice chair for supervision, said that inflation numbers were "disappointing" in the first few months of the year and that they "did not provide me with the increased confidence that I was hoping to find to support easing monetary policy." Full Story: MarketWatch (tiered subscription model) (5/20),Reuters (5/20)
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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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