As more intense storms like Hurricane Ian become the norm, real estate investment firms are factoring potential natural disasters into their business plans. A new Urban Land Institute report offers advice on how to choose a climate analytics provider.
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Seth Richtsmeier describes six ways marketers can boost brand awareness through content, including how to take a strategic approach and the importance of choosing the right social platforms. Authenticity is key, Richtsmeier writes, advising marketers to post behind-the-scenes content, adopt user-generated content and use humor to drive connection.
Marketers can enhance their Facebook Messenger marketing efforts by ensuring timely responses, taking a "conversation-ready" approach to generating leads and using simple and direct messages, say Forbes Communications Council members. Other tips include adding Messenger pop-ups with simple offers of help and personalizing messages to peak interest.
Compass REALTOR® Daniel Karp says "those who can stomach the uncertainty have a real opportunity in this market" as sellers adjust prices and buyers gain "more negotiation power."
The Mortgage Bankers Association is reporting a drop in loan applications attributed to increasing interest rates and market uncertainty. Applications to refinance have reached a 22-year low.
Rent-to-own startup Divvy Homes is laying off staff in response to the broader real estate slowdown, with one executive citing the "new reality" of the market.
Real estate technology company Voxtur has acquired Blue Water Financial Technologies Holding for $101 million. Blue Water offers risk management software to mortgage lenders.
Hicks' commitment to repurposing household items provides life-altering support to local and international organizations. Meet all 10 Good Neighbor finalists and vote for your favorite cause.
Hailey City Council in Idaho is creating a "housing action plan" to help residents priced out of the real estate market. "This is the first time in the budget, really in the history of the city of Hailey, that this council made a financial commitment for housing," said Lisa Horowitz, city administrator.
Lakeland Bank in New Jersey has agreed to create a $12 million fund to support homeownership, settling Justice Department claims that the bank avoided issuing mortgages in Latino and Black neighborhoods. The bank admitted no wrongdoing, but the settlement is one of the largest of its kind.
More than 70% of economists surveyed by Reuters say they expect the Federal Reserve to implement another 75-basis-point interest rate hike at its next meeting. "With inflation this high, history says you need to get at it sooner and you need to follow through," said Michael Gapen of BofA Securities.
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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