The appraiser's role isn't to kill your deal Appraisers start from a high bar before they can take on their own assignments, but agents can still play a role in helping them determine valuations accurately. Full Story: REALTOR® Magazine (10/18)
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Best Practices in Sales & Marketing
Strategies for selling a hoarder's home Approach these situations with caution and care. You're not a medical professional or a close family member, so you may want to have a third party whom the seller trusts on board with the process. Full Story: REALTOR® Magazine/The Lounge (10/16)
What it takes to run your own brokerage Many real estate agents might view starting a brokerage as the pinnacle of achievement, but they might not fully understand how to run a successful company. After all, it's hard to know what it really means to be a broker until you're in the position. Full Story: REALTOR® Magazine (10/20)
Make your home Wi-Fi network hacker-proof The last thing you want is a stranger connecting to your wireless router and snooping through private data. It's important to update your router so it's performing at its best. Change these basic settings to improve security. Full Story: REALTOR® Magazine (June 2021)
Real Estate Trends
Multifamily sector buoys housing start metrics Multifamily unit construction pushed housing starts to an all-time high in September even as construction of single-family homes has slowed. The size of developments has increased in recent years, with the majority comprising 50 units or more. Full Story: WealthManagement/Bloomberg (10/20)
Buyers' challenges continue as mortgage rates rise The 2021 price run-up in residential real estate also made it harder for buyers to qualify for loans as the size of mortgages increased. Currently, higher mortgage rates are posing a challenge for buyers even as home prices flatten. Full Story: NerdWallet (10/18)
Mirrored brass, burnt steel trending for interior lights Layers of lighting can accommodate any interior design vision by incorporating wall lights, floor lamps and lighting places on tables and other furnishings. Mirrored brass, burnt steel and lighting as art are among the trends to watch, according to Livingetc. Full Story: Livingetc (10/19)
Technology & Innovations
Real estate startups taking a hit in public markets Venture-backed real estate startups completing an initial public offering in the past two years have fallen an average of 85% from their IPO price, Crunchbase data shows. However, private real estate-related startups continue to attract capital, raising $4.6 billion so far this year. Full Story: Crunchbase (10/20)
Fair & Equitable Housing
High costs plague city's plan to build housing for homeless Los Angeles is contending with the failure of a 2016 plan to build 10,000 apartments for the homeless as the per-unit cost of construction has approached $600,000. The complexity of developing housing using multiple funding sources and finding areas for developments have been ongoing challenges. Full Story: The New York Times (10/23)
Legislation & Regulation
Banking groups: FDIC rule will discourage lending The new Federal Deposit Insurance Corp. rule that will raise banks' required contributions to the Deposit Insurance Fund could hurt the economy by discouraging lending as the country is already headed toward recession, the Consumer Bankers Association and other groups wrote in a letter. "The problem is likely to fix itself early next year, so there is no need to raise the rate now, which would make credit more expensive for small business and consumers at the same time the U.S. is potentially entering into a recession," the groups wrote. Full Story: Law (tiered subscription model) (10/20)
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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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