5 signs of a home improvement scam | Developers of color take aim at homeownership gap | Hosting great client calls requires confidence, connection
Created for newsletter@newslettercollector.com |  Web Version
July 31, 2023
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One in 10 owners has been scammed by a contractor, a new study shows. Here's why you should consider leveraging your list of reputable service providers for your clients.
Full Story: REALTOR® Magazine (7/31) 
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Best Practices in Sales & Marketing
But in order to make a greater impact, change is needed in the way projects are awarded and incentivized.
Full Story: REALTOR® Magazine (7/19) 
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PR pros can leverage a few key strategies to host productive calls with clients, and getting them right can help strengthen relationships, writes Ketner Group Communications CEO Catherine Seeds. Seeds advises PR pros to put in the necessary prep time, come to the call with new ideas, start the call with some personal connection time and listen to understand the client and confidently showcase their expertise.
Full Story: Forbes (tiered subscription model) (7/28) 
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Real Estate Trends
Updating a bathroom can help increase a home's appeal. Find out consumer preferences when it comes to preferred updates.
Full Story: REALTOR® Magazine/Styled, Staged & Sold (7/24) 
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The listing for the 1.5 acre Duck Ledges Island in Maine received widespread interest before Charlotte Gale bought it and its tiny cabin. "What you feel here is the gentleness of the grace of nature," Gale says.
Full Story: The New York Times (7/28) 
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Kimco Realty CEO Conor Flynn discusses strength in the REIT's retail real estate, noting that demand is high but there has been little new supply over the past decade. One key takeaway is the "strength of the small business, which is really the lifeblood of the U.S. economy," Flynn said.
Full Story: CNBC (7/27) 
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Technology & Innovations
Broker-owner Marki Lemons Rhyal says that even if you're not going to use artificial intelligence in your business, you need to know how it works. Here's why.
Full Story: REALTOR® Magazine (7/28) 
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Fair & Equitable Housing
Mobile home parks in the U.S., often forgotten by policymakers, are facing heightened flood risks due to climate change. In Vermont, pandemic relief funds are being used to relocate homes from flood-prone areas to safer ground.
Full Story: Reuters (7/31) 
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Legislation & Regulation
Regulatory proposals aimed at increasing capital requirements for banks could cause a retreat from the mortgage space due to higher risk weightings for products with heightened loan-to-value ratios. Pete Mills of the Mortgage Bankers Association called the proposal "a disincentive for banks to make higher LTV loans," and David Dworkin of the National Housing Conference said it "would significantly discourage banks from lending to people with lower down payments."
Full Story: American Banker (7/28) 
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A rule proposed by the Consumer Financial Protection Bureau would subject property-assessed clean energy, or PACE, lending to the ability-to-repay requirements and civil liability penalties imposed under the Truth in Lending Act. PACE loans that become unaffordable can result in borrowers facing foreclosure due to unpaid taxes or elevated escrow payments.
Full Story: EnergyPortal (UK) (7/29) 
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