8 home inspection questions every buyer asks Help consumers understand the home inspection process and how it informs decision-making with NAR's latest Consumer Guide. Share the one-page resource directly with clients and prospects or on social media and in other marketing materials. Download all of NAR's Consumer Guides, including Spanish versions, at facts.realtor.
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David Brock reflects on the role of passion in leadership and organizational success as the year ends. Brock highlights conversations with sales leaders who, despite market disruptions and uncertainties, are driven by competitiveness and excitement to achieve ambitious goals Full Story: Partners in Excellence Blog (12/16)
Aytekin Tank emphasizes the importance of empathy in leadership, highlighting a survey where 52% of U.S. workers felt their company's empathy efforts were not genuine. Tank argues that prioritizing empathy can improve productivity and employee retention. "Empathetic leaders seek to understand employees, but also, how they can take concrete steps to support them," Tank writes. Full Story: Fast Company (tiered subscription model) (12/16)
Real Estate Trends
Bidding wars emerge in NYC luxury market as prices ease Bidding wars are becoming more common in New York City's luxury real estate market, driven by easing prices and stabilizing borrowing costs. This, along with new developments providing more options, has catalyzed buyer activity, leading to one of the strongest performances in the luxury market seen in the past three years. Full Story: Bloomberg (12/13)
New safety rules lead to 118% rise in Fla. condo listings Florida's new condo safety regulations are impacting the real estate market, with a 118% year-over-year increase in condo listings in Northeast Florida. Owners are opting to sell over concerns about costly inspections, repairs, assessments and maintenance fees. Even though actual sales are down and units are staying on the market longer, experts anticipate that these safety requirements could lead to a more robust condo market with better-maintained properties and reserves in the long term. Full Story: WJXT-TV/WCWJ-TV (Jacksonville, Fla.) (12/12)
CRE faces reckoning as underlying issues remain unsolved The commercial real estate industry is bracing for 2025 as a pivotal year. Despite hopes that lower interest rates and inflation control would revitalize the market, borrowing costs remain high, and lenders' patience is wearing thin. Tim Mooney of Varde Partners labels 2025 as a "year of reckoning," emphasizing the need for lenders and borrowers to confront the reality that lower rates won't save them. Full Story: Bloomberg (12/18)
Evesham Township Mayor Jackie Veasy and Councilmember Heather Cooper highlight the importance of affordable housing in New Jersey, viewing it as a catalyst for economic growth and community inclusivity. They emphasize proactive planning, such as taking advantage of underused commercial spaces for mixed-use developments, and urge other municipalities to embrace affordable housing as a means to reduce economic inequalities and improve local economies. Full Story: The Philadelphia Inquirer (tiered subscription model) (12/17)
Legislation & Regulation
Homeowners gamble on self-insuring over pricey premiums As homeowners face surging insurance premiums, many are forgoing insurance to self-insure, a move experts say is risky and troubling. For example, in Florida, more than 15% of homeowners are self-insuring, up from 7% before the pandemic and higher than the national average. Self-insurance is usually only suitable for high-income owners with no mortgage or dependents and who have substantial financial resources to afford the potential costs of disaster recovery, according to experts. Full Story: WTSP-TV (Tampa, Fla.) (12/11)
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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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