States where closing costs are highest, lowest

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States where closing costs are highest, lowest | 7 things agents should do after a closing | Give investors a reason to sell to first-time buyers

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November 7, 2023

Top News

States where closing costs are highest, lowest Help your clients plan ahead so they aren't blindsided by the fees they'll pay at the closing table. Full Story: REALTOR® Magazine (11/3)

	ChatGPT Templates and Prompts for Real Estate The AI revolution is here. But what does it mean for us in real estate? We've been experimenting with ChatGPT, using it to simplify and streamline our everyday processes, and we've developed some templates that'll help you create awesome listing marketing in just a fraction of the time. Download Now >>

Best Practices in Sales & Marketing

7 things agents should do after a closing How to dazzle past clients, cultivate customers for life and increase referrals by becoming a long-term, indispensable resource. Full Story: REALTOR® Magazine (11/2)

Give investors a reason to sell to first-time buyers Congress can help level the field by passing tax incentives for landlords selling single-family homes. Full Story: REALTOR® Magazine (9/18)

Is it time to reconsider generational marketing? The differences between individuals that fall into boomer, millennial and other demographic groups is so vast that marketing to these cohorts "is a hangover from a time when age was a reliable predictor of life stage and lifestyle," writes Matthew Keegan. Tim Lindley, who leads VaynerMedia's Asia-Pacific region, says brands should expand their focus beyond demographics to "dig deeper, add layers, add nuance and build out sophisticated cohorts grounded in genuine behavior, interest and community." Full Story: Campaign Asia (free registration) (11/3)

	Unlock Your Peace of Mind Prioritize your personal safety in real estate through SABRE's Personal Safety Academy. Get hands-on experience with self-defense and pepper spray techniques and learn how to master safety in 10 seconds, verbal escape techniques, and more.

Real Estate Trends

Prefab homes gaining popularity in tight market

(Tim Boyle/Getty Images)

As the US residential real estate market remains tight and expensive, more Americans are turning to prefabricated homes, with shipments rising for five consecutive months through August. High mortgage rates and property prices have pushed traditional homeownership out of reach for many, leading to increased manufactured home shipments and a growing interest in prefabricated options. Full Story: Reuters (11/7)

White concrete California home designed as "modern ruin" Architecture firm Masastudio and interior designer Kelly Wearstler collaborated on a white concrete home in California designed as a "modern ruin." Concrete volumes of varied shapes and sizes comprise both the exterior and interior, which feature "meticulously detailed" board-formed concrete as part of a primary material palette. Full Story: Dezeen (11/3)

Technology & Innovations

AI-enabled workers can add efficiencies to an organization Aaron Skonnard, co-founder and CEO of Pluralsight, sees AI skills as a must for all workers, not just the tech team, and urges organizations to offer upskilling to ensure overall success. "Having the chops to leverage [generative AI] to create efficiencies within your workflow is going to become a critical skill set for the modern worker," Skonnard writes. Full Story: Forbes (tiered subscription model) (11/6)

Business Wellness

The mental impact of a commission-based career Where to start when you're trying to prioritize wellness in your daily routine. Full Story: REALTOR® Magazine (5/1)

Fair & Equitable Housing

Mobile-home residents fight for survive against redevelopment Residents of Imperial Avalon Mobile Estates in Carson, Calif., are facing eviction due to the property's planned redevelopment into a mixed-use community, pushing out people on fixed incomes who are unable to afford alternative housing. A judge has granted a temporary reprieve, issuing a restraining order that prevents the park's closure for another month. Full Story: KABC-TV (Los Angeles) (11/1)

Legislation & Regulation

Fed appears to lack appetite for more rate hikes

Powell (Kevin Dietsch/Getty Images)

Federal Reserve leader Jerome Powell's comments when the Fed voted not to raise interest rates last week indicated a likely end to increases until 2024, experts say. KPMG Chief Economist Diane Swonk explained that "Powell would have pointed much more to the risk that consumer spending would undo the progress we've seen on inflation" if further hikes were on the table. Full Story: The Wall Street Journal (11/1)

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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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