Mortgage rates drop as inflation eases even more

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5 reasons this isn't a repeat of the 2008 housing crash | NFL player, broker team up on Washington wines | Instagram's Notes offers new way to engage with followers

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December 16, 2022

Top News

5 reasons this isn't a repeat of the 2008 housing crash NAR Chief Economist Lawrence Yun draws the distinctions between today's real estate market and that of more than a decade ago. Full Story: REALTOR® Magazine (12/15)

BEST BUYER BLUEPRINT TO MAKE MONEY ON BUYERS IN A SELLER'S MARKET Being clear on what buyer's really want in the current market will lead you to coveted listings because the easiest way to get a seller to respond is as a buyer >> MORE

Best Practices in Sales & Marketing

NFL player, broker team up on Washington wines

Dossier, a Walla Walla, Wash., wine brand, released its first wines this year, all sourced from vineyards in the state. Dossier owners Sidney Rice, a retired NFL player, and real estate broker Tim Lenihan discuss how they connected over Washington wines and what to expect from the company. Full Story: Wine Spectator (12/14)

Instagram's Notes offers new way to engage with followers

(Meta)

Instagram is rolling out Notes, which enables users to post emojis and up to 60 characters of text to the top of their profile image, and then it appears at the top of followers' box or for selected contacts. Instagram also is rolling out Group Profiles as a means for users to share updates with only certain people; testing Collaborative Collections; and testing a BeReal-esque feature in South Africa dubbed Candid Stories. Full Story: TechCrunch (tiered subscription model) (12/13), Engadget (12/13), The Wall Street Journal (12/13)

Want to succeed in business? Learn from Sears' missteps The decline of the once-powerful retailer Sears holds lessons for companies on how to keep their competitive edge, emphasizing the need to sustain a healthy paranoia along with the motivation to try new things, writes Morgan Housel. "Being locked into a single view is fatal in an economy where reversion to the mean and competition constantly dismantles old strategies," Housel writes. Full Story: Collaborative Fund (12/13)

Real Estate Trends

Mortgage rates drop as inflation eases even more Economic news this week spelled better news for home buyers who are shopping for a mortgage, even after the Federal Reserve's latest rate hike. Full Story: REALTOR® Magazine (12/16)

Survey: Real estate seen as vehicle for building wealth A CNBC survey finds that almost a quarter of Americans believe that real estate investment is the best way to build wealth, though only 12% pursued real estate investments in 2022. Full Story: CNBC (12/15)

Trough, rebound expected in mortgage originations Fannie Mae says 2022 will see $2.34 trillion in mortgage originations and projects $1.71 trillion for 2023 as the country moves through a mild recession. By 2024, originations are expected to rebound to $2.11 trillion. Full Story: Fox Business (12/15)

Profits from home flipping slide Home-flipping profits are dropping, according to data from ATTOM, though return on investment is a solid 25%. Overall, the percentage of flips as a share of sale transactions is on the decline as mortgage rates rise. Full Story: CNBC (12/15)

Business Wellness

#FeelGoodFriday: Virginia REALTOR® to build hospice that feels like home Julie Teets, whose daughter died in a hospital, imagines a place where families can have more privacy and comfort as they say goodbye to terminally ill loved ones. Full Story: REALTOR® Magazine (12/15)

Fair & Equitable Housing

Georgia uses tax credits to support affordable housing The Georgia Department of Community Affairs will provide almost $28 million in housing tax credits to support the development of affordable rental housing statewide. Full Story: The Atlanta Journal-Constitution (12/15)

Legislation & Regulation

Industry watches for economic fallout from Fed policy Federal Reserve Chair Jerome Powell's statement that the central bank will maintain a tough stance on inflation has sparked concern on Wall Street that policymakers will overtighten and harm the economy. "This aggressive hiking cycle is going to cause some damage," says Tom Porcelli, RBC Capital Markets' chief U.S. economist. Full Story: Financial Times (subscription required) (12/15), MarketWatch (tiered subscription model) (12/15), The New York Times (12/15), ThinkAdvisor (free registration) (12/14)

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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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