The rise of minimalist smart-home technology | Didn't NAR's MLS policies already include a policy about the non-filtering of MLS listings based on compensation? | Activist groups argue against federal TikTok ban
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Yes, Policy Statement 8.5 was enacted in 2021. It has been amended only for clarification purposes and to ensure consistency with the proposed settlement agreement. Filtering out listings means to remove or block MLS listings from being communicated to customers or clients based on the amount of compensation offered, the existence of an offer of compensation or based on the listing firm or agent. MLS participants have the duty to cooperate, which is to share information on listed property and make property available to other brokers for showing to prospective purchasers and tenants when it is in the best interest of their clients. Get more facts about NAR's proposed settlement agreement at facts.realtor.
Best Practices in Sales & Marketing
Activist groups argue against federal TikTok ban A federal ban on TikTok could deprive traditionally disadvantaged communities of a vital platform for advocacy and community connections, a group of racial and social justice organizations has warned. They argue that TikTok has helped historically marginalized groups attract mainstream attention "to break down stereotypes that persist in America and globally." Full Story: The Associated Press (6/27)
What to know about current trends in the housing market Home prices continue to trend upward, creating challenges for buyers and potential windfalls for sellers. The situation is cause for concern, but it is not a reason to avoid buying a home and does not necessarily signal a crisis or collapse in the market. An analysis illustrates what is feeding into the current trend, and why it is likely to get more difficult to make money off a home. Full Story: The Wall Street Journal (6/27)
Report: Commercial mortgage delinquency rates up in Q1 Commercial mortgage delinquency rates rose in the first quarter of the year across a range of capital sources, according to figures from the Mortgage Bankers Association. The increase came amid elevated interest rates and uncertainty about property prices. Full Story: Commercial Property Executive (6/28)
Lumber prices continue decline from pandemic highs Lumber futures declined 27% since mid-March as of Friday, marking a continued reversal from the heights seen during the pandemic. Prices have dropped as the housing market has slowed, with starts falling 17% from February to May. Full Story: The Wall Street Journal (6/30)
Technology & Innovations
Tracking AI: Communicators find delays, missteps in tools AI technology is finding its way into more of the communications landscape with a variety of roadblocks, delays and missteps, but also achieving some successes. Reddit has sought to exclude bots from scraping its content, while "safety testing" has paused the launch of OpenAI's next-generation voice features. Full Story: PR Daily (6/27)
Fair & Equitable Housing
Rising home, rent prices leaving behind minority workers A new study released by the Joint Center for Housing Studies at Harvard University finds Hispanic and Black people increasingly priced out of homeownership or even the ability to rent. "For a while, housing has been difficult, especially for folks who are categorized as extremely low income," activist Lizzie Turner said. Full Story: NET (Nebraska) (7/1)
Legislation & Regulation
U.S. recession fears ease as economists predict rate cuts The U.S. economy is expected to grow 1.6% this year and 2% next year, according to SIFMA's mid-year survey. Economists are also predicting two rate cuts this year followed by further easing in 2025. "Despite some challenges, such as inflation and monetary policy concerns, our findings suggest a path towards sustained growth and stability, with expectations of a 'soft landing' and gradual easing of policy in the near future," said Jay Bryson, chief economist with Wells Fargo and chair of the SIFMA Economist Roundtable. Full Story: Advisor's Edge (Canada) (6/28)
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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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