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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Keep first-time buyers focused on the endgame 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. Full Story: REALTOR® Magazine/Drive With NAR (6/6)
Agents shoulder stress, details of home sales 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. Full Story: Memphis magazine online (7/18)
Avoid these pitfalls when pursuing feng shui design 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. Full Story: Homes & Gardens (7/18)
Real Estate Trends
4 market insights from chief economist at realtor.com® 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. Full Story: MarketWatch (tiered subscription model) (7/18)
International buyers return to US housing market 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. Full Story: CNN (7/18)
Technology & Innovations
How tech is making its mark on real estate 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. Full Story: Fortune (tiered subscription model) (7/17)
Fair & Equitable Housing
Vermont policymakers prioritize affordable housing 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. Full Story: VTDigger (Vermont) (7/18)
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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