5 warning signs your listing has a mold problem

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5 warning signs your listing has a mold problem | 6 things home stagers wish agents knew | Staging, strategic pricing equal fast sale for Toronto condo

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November 7, 2022

Top News

5 warning signs your listing has a mold problem Though not as obvious as fire or flood damage, mold can spread quickly and cause significant property issues if not caught early. Full Story: REALTOR® Magazine (11/2)

	The Perfect Pre-Listing Packet Template Get our updated Pre-Listing Packet template that creates trust, delivers value, and establishes you as the local market authority… Before you even go to the listing appointment! This PDF template helps you win more listings, consistently! Download Now >>

Best Practices in Sales & Marketing

6 things home stagers wish agents knew Know these common misunderstandings about the staging process so you don't hamper your listing's appeal to buyers. Full Story: REALTOR® Magazine (10/31)

Staging, strategic pricing equal fast sale for Toronto condo Seller's agent Meray Mansour relied on professional staging and strategic pricing to quickly sell this Toronto condo unit. "Since the building has been in better shape, units are selling faster, but because of all the fear in the market, everything is taking longer to sell, so I assumed we'd be on the market for at least three weeks to a month," Mansour said. Full Story: The Globe and Mail (Toronto) (tiered subscription model) (11/6)

Opinion: Brand journalism is changing the media landscape More brands are moving into the journalism field and creating their documentaries (Formula 1), podcasts (Slack) and content platforms (TD Bank) as consumers look to brands for expertise, writes Faith Previtera, who leads the Hill Holliday content team. "People increasingly want businesses to be engaged in doing more, saying more and providing more resources for the people they serve," writes Previtera. Full Story: Ad Age (tiered subscription model) (11/4)

Real Estate Trends

Going to Orlando? You'll experience something totally different If you're on your way to the biggest real estate event of the year—NAR NXT, The REALTOR® Experience—you'll find a reimagined conference to add more value to your business. Find out what's new. Full Story: REALTOR® Magazine (11/7)

Temporary buydowns make a comeback High costs associated with mortgages are driving a revival in temporary buydowns, a tactic last seen widely in the early 1980s. A temporary buydown will reduce the buyer's monthly costs for the first few years based on a brief reprieve from the full interest rate. Full Story: NerdWallet (10/31)

Regional lenders upbeat on outlook despite slowdown Regional bank leaders have said their balance sheets have adequate reserves to weather a downturn in the economy and they have seen no signs yet that households are experiencing significant financial distress. Speaking at a recent industry event, the bankers said rising loan losses marked a return to business as usual after a period of abnormally high credit quality during the coronavirus pandemic. Full Story: American Banker (11/3)

Technology & Innovations

Help innovators get new real estate tech right As a conduit to consumers, you can help technology developers understand how their products are—or are not—meeting homeowners' needs. Full Story: REALTOR® Magazine (11/1)

Fair & Equitable Housing

Modular, prefab design boosts affordability Cloud Apartments is using a prefabricated, modular design to bring 1,000 apartment units to the San Francisco Bay Area under a business model that promises to bring affordability to housing. Units built by Cloud Apartments are shipped to the job site almost complete, with features that include built-in furniture. Full Story: The Globe and Mail (Toronto) (tiered subscription model) (11/4)

Legislation & Regulation

CFPB pursues $1B settlement with Wells Fargo The Consumer Financial Protection Bureau is pressing Wells Fargo to settle fines that could amount to around $1 billion for alleged misconduct involving auto loans, consumer deposit accounts and mortgage lending. The total may be the largest imposed by the CFPB, with director Rohit Chopra stating: "We must forcefully address repeat lawbreakers to alter company behavior and ensure companies realize it is cheaper, and better for their bottom line, to obey the law than to break it." Full Story: Bloomberg (11/4), PYMNTS (11/6)

Banks seek housing market support amid mortgage slump Banking groups and other trade associations are calling on Congress and the Biden administration to take action to help boost the housing market, as demand for mortgages has slumped 40% over the last year due to high interest rates. "This is a resource problem where the solutions are definitely clear, and it's why congressional action is certainly important," one White House official said. Full Story: Politico (11/5)

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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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