Is a reverse mortgage smart? Qualified older Americans may be able to use a reverse mortgage not just to stay in their current home but also to buy a new home. Full Story: REALTOR® Magazine (5/3)
No, the MLS is not required to receive a copy but can request it as a matter of their local enforcement. Get more facts about NAR's proposed settlement agreement at facts.realtor.
Brands that want to advertise on social media have a dizzying number of choices available. Here's a look at 10 platforms, including the giants—Facebook, Instagram and YouTube—along with some lesser-known options such as MX TakaTak and ShareChat for targeting audiences. Full Story: TechBullion (UK) (5/22)
Brands seem to be decreasing their investment in Pride Month this year, marketing experts say, including RanaVerse's Rana Reeves, who notes last year's boycotts and backlashes might be stopping marketers from launching early campaigns, preferring to wait instead until June. Michael Wilke, founder of AdRespect.org, notes that despite a quieter Pride Month, inclusive LGBTQ+ marketing is becoming more prevalent, saying, "To be authentic, you don't just go into the month of whoever to be inclusive, you do it year-round." Full Story: Ad Age (tiered subscription model) (5/22)
Do these 3 things as a new manager to build trust New managers can build trust and respect if they are clear with their team about what they expect, provide them with actionable and constructive feedback and admit what they don't know while committing to finding out needed information, writes author and Georgetown University professor Rachel Pacheco. "The manager is modeling to the team that it's okay to admit that we don't all know everything and that at times we have to ask for help," Pacheco writes. Full Story: Forbes (tiered subscription model) (5/20)
Fair & Equitable Housing
Report: Single-family rents up from prior year Single-family rents gained 3.4% on a year-over-year basis in March, according to CoreLogic, although rents for single-family attached properties such as townhomes declined. Meanwhile, apartment rents rose 0.5% in April but were down 0.8% from the prior year, with the trend driven by an influx of new supply, according to Apartment List. Full Story: CNBC (5/21)
Legislation & Regulation
Minutes: Fed officials embrace higher-for-longer outlook During a meeting that ended earlier this month, Federal Reserve officials indicated that interest rates may need to stay higher for longer than initially expected to tame inflation and considered the impact that monetary policy is having on the economy and price pressures. Elevated interest rates "may be having smaller effects than in the past," according to minutes of the meeting. Full Story: The Associated Press (5/22),BNN Bloomberg (Canada) (5/22),The New York Times (5/22),The Wall Street Journal (5/22)
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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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