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November 11, 2022
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Top News
A two-part video series from NAR aims to dispel misconceptions about the VA Home Loan Guaranty Program and guide REALTORS® and home buyers through the process.
Full Story: REALTOR® Magazine (3/18) 
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Intense Market Shift? We Can Help
NAR's Guide to Managing Volatile Market Shifts can help you financially safeguard your personal and business finances during intense market shifts. Learn how to outpace Inflation and take control in real-time. Log-in to FinancialWellness.realtor to download today!
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Best Practices in Sales & Marketing
Aaron Kirman, CEO and founder of the Aaron Kirman Group at Compass, says building up a reputation and industry contacts takes time. "I would say it didn't happen overnight and it was definitely a progression," Kirman says.
Full Story: Forbes (tiered subscription model) (11/10) 
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Parag Parekh, IKEA Retail's co-chief digital officer and chief technology officer, discusses how the retailer is tapping augmented reality, artificial intelligence and other digital tools to personalize the web and app experience and boost sales. As IKEA re-creates its catalog and showroom for digital environments, it's exploring ways to further personalize the experience based on data that's provided "without being too invasive," Parekh said.
Full Story: Digiday (tiered subscription model) (11/7) 
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Real Estate Trends
The third quarter may have marked the end of price surges as higher mortgage rates put a damper on projections for property appreciation. Read more from NAR's latest report.
Full Story: REALTOR® Magazine (11/10) 
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Though borrowing costs are rising again after a brief break, historical patterns indicate there may be some easing on the horizon.
Full Story: REALTOR® Magazine (11/10) 
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Median rent for luxury apartments in Manhattan, N.Y., increased 13% in October from the prior month, while nonluxury properties saw a decline in median rent, according to Miller Samuel and Douglas Elliman Real Estate. The strength of the luxury segment "is continuing even as the overall market peaks," said Jonathan Miller, president of Miller Samuel.
Full Story: Bloomberg (11/10),  CNBC (11/9) 
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Technology & Innovations
Financial-technology startup Tellus is offering investors higher yields by funding single-family home loans. The company targets its loans to existing homeowners who want to buy a larger home before selling their current house.
Full Story: TechCrunch (tiered subscription model) (11/10) 
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Business Wellness
Ken Richardson brings at-risk youth off the streets and into local gyms to teach them martial arts—and help them turn away from gang violence.
Full Story: REALTOR® Magazine (8/18) 
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Fair & Equitable Housing
Some owners of single-family rental homes have slowed the pace of acquisitions amid elevated prices and continued interest rate hikes from the Federal Reserve. However, they note that the fundamentals of the sector continue to be strong, with rising mortgage rates and a shortage of housing drawing people toward the rental market, and these property owners have funds at their disposal that they can deploy when it makes sense to do so.
Full Story: Insider (11/10) 
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Legislation & Regulation
Some investors think the Federal Reserve could raise the benchmark interest rate to above 6%, compared with market-implied expectations of 5% to 5.25%, as inflation proves harder than expected to tame and as other economic indicators, such as a recent jobs report, remain strong. "It's really hard to see any progress on inflation in the next four or five months, not enough to satisfy the Fed," says Jim Vogel, manager of interest rate strategies at FHN Financial.
Full Story: The Wall Street Journal (11/9) 
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About The National Association of REALTORS®
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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