5 financial metrics all real estate pros should track | REALTORS® have a tool to clean their clients' financial house | Survey: Majority of Americans aren't worried about TikTok
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5 financial metrics all real estate pros should track Lead generation might be the lifeblood of your business, but money is the oxygen. Without a keen understanding of how your money works, your business can't breathe. When managed properly, your cash flow makes vacations a reality, gives you the flexibility to choose when and how to work and so much more. Full Story: REALTOR® Magazine/The Lounge (10/2)
Listing Presentation Templates & Scripts When it comes to listing presentations, there is one cardinal rule: don't wing it. An intentional and structured listing presentation is paramount to your success, ensuring that every conversation with a potential seller convinces them that you are the perfect agent to sell their home. Check out this guide that walks you through the only Listing Presentation you need, in any market.
Survey: Majority of Americans aren't worried about TikTok Apparently, only about a third of Americans care that TikTok is China-controlled and would have to turn over Americans' information to Beijing if asked, according to a Pew Research Center survey. Meanwhile, TikTok must again face a lawsuit in Indiana over gathering information and failing to protect children online, while the clock ticks on a deadline to ban the platform from the U.S. unless it's sold. Full Story: TheWrap (10/1),The Associated Press (10/1)
Croissant has launched an iOS app that allows social media users to streamline cross-posting to Mastodon, Bluesky and Threads with tools like threaded posts and image attachments. Developers hope to expand the platform to iPad and Mac, as well as to introduce additional features such as scheduled posts and username auto-completion. Full Story: TechCrunch (tiered subscription model) (10/1)
Creators on TikTok can engage viewers with "Flip Stories," a new tool that intrigues, offers sneak peeks of upcoming products or events and exclusive offers. Creators can make Flip Stories by either tapping the + button to access the create page or on their profile photo, and see which viewers clicked for the flip side of their stories. Full Story: Small Business Trends (9/30)
Single-family projects drag down construction spending in Aug. The Commerce Department reported that construction spending decreased by 0.1% in August, contrary to the expectations of economists surveyed by Reuters, who had forecast a slight increase. The decline was due in part to a 1.5% decrease in single-family projects. Despite the monthly decrease, construction spending was up 4.1% compared with the same period last year. Full Story: Reuters (10/1)
Manhattan home buyers increasingly turn to mortgages Buyers in Manhattan's home market are increasingly relying on mortgages, with Jonathan Miller of Miller Samuel noting that "cash buyers aren't as dominant as they were." Closings for condos and co-ops rose 6.7% in the third quarter compared with the prior three months, according to Miller Samuel and Douglas Elliman Real Estate. Full Story: Bloomberg (10/1)
News from NAR
Fair & Equitable Housing
HUD grants target discrimination The Department of Housing and Urban Development has allocated over $22 million in grants to combat housing discrimination, aiming to address racial inequities in the housing system. The funds will support fair housing organizations in their efforts to educate the public about their rights under the Fair Housing Act and improve enforcement. Full Story: Black Enterprise (10/2)
Legislation & Regulation
ADP: Private payrolls added 143K jobs in Sept. Employers added 143,000 jobs to private payrolls in September, up from August's revised tally of 103,000, according to payroll service provider ADP. The numbers are ahead of economists' expectations of 120,000 new jobs. While businesses continued hiring, wage growth slowed, with annual raises for existing employees dipping to 4.7% and those who changed jobs seeing a significant drop to 6.6%. Full Story: CNBC (10/2),Reuters (10/2)
Fed's Barkin cautious on inflation progress Federal Reserve Bank of Richmond President Thomas Barkin has expressed cautious optimism about the economy but has stressed that the effort to control inflation is far from over. "There is still work to do on inflation," Barkin says. "While down from its high, inflation remains above our 2% target. I don't expect 12-month core inflation to drop much further until 2025, as we are still lapping low inflation numbers from late last year." Full Story: Reuters (10/2),Barron's (10/2)
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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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