Guide helps buyers understand HOAs | How your clients can get ahead in the spring market | Common sense practices to optimize people skills
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March 19, 2025
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Homeowners associations, condo boards and other types of community governance bodies are a part of many real estate transactions. Members can share NAR's latest Consumer Guide with clients to get ahead of their questions about fees, special assessments, rules and enforcement, and the impact on property use. Get all the guides, also available in Spanish, at facts.realtor.
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Apply for up to $500,000 in REALTORS® Group Term Life Insurance with QuickDecision. This allows NAR members under age 50 to answer health questions online and skip the medical exam to receive a decision. Apply today in under 30 minutes. Learn more about QuickDecision
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Best Practices in Sales & Marketing
Falling mortgage rates are setting the scene for potential success this spring for home buyers, but many real estate agents may still have reservations about how their business will perform this year. As the market shifts once again, brokers are uniquely positioned to proactively support their agents so they can serve clients effectively.
Full Story: REALTOR® Magazine (3/19) 
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Leadership effectiveness is rooted in mastering people skills. There are three critical habits: developing emotional intelligence to read people, actively listening to understand and support others and building personal relationships to enhance collaboration. These strategies are presented as common sense yet uncommon in practice, underscoring the need for a human-centered leadership approach.
Full Story: MSN (3/14) 
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Refusing to delegate work out of a desire for control of your business can lead to burnout and missed opportunities, a consultant writes. She highlights four strategies to help leaders let go of tasks that don't serve their businesses.
Full Story: Deliberate Directions (3/13) 
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Create Virtual Tours on your Phone with Sphere
Professional-grade 3D tours don't have to be expensive or time-consuming. With Sphere, you can capture any property using just your phone in 5 minutes — no bulky equipment, no scheduling hassle, and $500 saved per listing. Download the app now and capture your first 3D tour for free!
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Real Estate Trends
More women are becoming homeowners, with single women making a notable impact in the housing market. Still, gender disparities persist—especially for women of color—and it's vital to acknowledge and tackle these inequalities to ensure all women have a fair shot at homeownership and financial security. Read more at NAR's Economists' Outlook blog.
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Budgeting for a walk-in shower: What to consider
Explore the costs of materials and installation for walk-in showers, and get a breakdown of how much to budget for each stage of the process.
Full Story: Homebuilding & Renovating (3/18) 
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Canadian snowbirds are increasingly selling their Florida condos at reduced prices to offload them quicker because they're no longer able to afford them due to skyrocketing insurance rates, HOA fees and assessment costs. Some owners are putting in their sales contracts that the buyer is going to be responsible for the assessment at closing. Their decision to sell is also driven by the Canadian dollar's decline to around $.70 U.S., meaning, for example, a $4,000 expense would cost them around $6,000.
Full Story: MSN (3/15),  WPEC-TV (West Palm Beach, Fla.) (3/17) 
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Fair & Equitable Housing
Rock Island, Ill., is addressing the Quad Cities housing crisis by tackling barriers such as insufficient affordable housing and unequal public housing distribution. The city's Community Development Commission is allocating $130,000 in federal funding to local organizations, including Christian Care and the YWCA, to help mitigate rising living costs.
Full Story: KWQC-TV (Davenport, Iowa) (3/18) 
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Legislation & Regulation
Condo and co-op owners nationwide are facing unsellable units due to a growing mortgage blacklist maintained by Fannie Mae that includes 5,175 properties, with about 1,400 of them in Florida. This list, which grew after the deadly Surfside condo collapse and complicates mortgage approvals, includes COAs considered to have inadequate insurance or need critical structural repairs. Fannie Mae's stricter insurance requirements have led COAs to raise fees significantly to afford coverage.
Full Story: MSN (3/17) 
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The Trump administration's tariffs on imported goods from countries including Canada, Mexico and China are increasing the cost of building materials. The National Association of Home Builders estimates that the cost of constructing a single-family home could rise by between $7,500 and $10,000.
Full Story: The Associated Press (3/17) 
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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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