Talking points to calm consumers' housing bubble fears | Creative ways to help agents through the inventory shortage | Keep first-time buyers focused on the endgame
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As concerns about a looming recession mount, help buyers and sellers understand that this market, though volatile, is not on the trajectory of another housing crash.
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This volatile market requires out-of-the-box solutions to weather the storm. Technology and mentoring make a difference, but there's a third option to help agents succeed: iBuyers.
With rising mortgage rates and home prices—on top of slim inventory—you've got to be real with first-time buyers about what they're facing in the market. But you also want to give them hope that their homeownership goal is still within reach. Two REALTORS® who focus on serving first-timers recount on an episode of Drive With NAR the conversations they're having with clients to set expectations.
Jennifer and Joel Hobson, owners of Hobson, REALTORS®, in Memphis, Tenn., explain how the internet has become an asset for agents and the public alike. They explain how a licensed REALTOR® guides the selling process, including handling negotiations and the stress of the transaction.
Dripping taps, mirrors placed opposite the front door and seating that faces away from doors are among some common feng shui design mistakes, experts say. Plants with sharp edges and art with stormy scenes should also be avoided.
Danielle Hale, chief economist at realtor.com®, says a shortage of housing inventory continues to be a feature in the current market, though price reductions are becoming more common. "In short, the national market is resetting and the local area where you're trying to buy may be on the leading or lagging edge of these trends," Hale says.
Interior designers reveal their favorite hues for the owner's suite, including some traditional and some surprising choices. Do you think these color palettes are on trend?
Competition for homes in the U.S. and the coronavirus pandemic pushed out international buyers in recent years, but that appears to be changing as travel restrictions ease. A survey by the National Association of REALTORS® finds that international buyers purchased $59 billion of residential properties between April 2021 and March 2022, an 8.5% increase from the year-earlier period.
Real estate is benefiting from technological advancement, with venture capitalists investing a record $32 billion into the sector last year. During a recent panel discussion, experts discussed how machine learning and other technologies are being incorporated into commercial and residential real estate investments.
Sustained appreciation in Vermont's housing market over the past two decades has made affordability a top priority for policymakers, with the state investing hundreds of millions of dollars in recent years to increase the availability of affordable housing. This commentary points out that affordable child care and housing go hand in hand for families looking for a place to live.
Minneapolis officials have set aside $193 million of its $271 million in American Rescue Plan Act funds toward housing and affordable housing investments, according to the Minneapolis-Saint Paul ARPA Tracker. The city plans to allocate $9.6 million on affordable housing projects.
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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