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December 19, 2022
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Top News
From sales mistakes to making nice with appraisers, find out the top headlines of the year.
Full Story: REALTOR® Magazine (12/19) 
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Best Practices in Sales & Marketing
Whatever the economic situation, professionals can keep their careers advancing by letting their superiors know of their achievements and investing in education and skills-building, writes Stride CEO James Rhyu. "With so much uncertainty, it can sometimes feel more comforting to take the path of least resistance. However, every worker should remember they have the power to chart a better, brighter future no matter what economic predictions say," Rhyu observes.
Full Story: Forbes (tiered subscription model) (12/12) 
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This infographic from Venngage highlights seven design trends for 2023, including bright color palettes that incorporate vibrant tones of greens, violets and blues, animated infographics that are interactive and enhance storytelling, and the ongoing use of "vintage vibes." Brands can also expect to see increased use of personalized data and adding art to infographics.
Full Story: Social Media Today (12/17) 
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Two former Twitter executives are accepting waitlist sign-ups for Spill, a Twitter alternative that automatically rewards creators for posts that gain traction based on blockchain monitoring. Alphonzo Terrell and DeVaris Brown, who are Black, said they know firsthand the biases that can come from artificial intelligence, so they will "be more intentional and be more accurate around things that will be deemed offensive, because, again, this is our lived experience or learned experience."
Full Story: TechCrunch (tiered subscription model) (12/16) 
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Design a business plan that sets you up for success for whatever comes next.
Full Story: REALTOR® Magazine (11/13/2021) 
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Real Estate Trends
These bold design ideas for year-end festivities probably aren't for everyone. But some might make sense for your listing.
Full Story: REALTOR® Magazine/Styled, Staged & Sold (12/12) 
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Rising mortgage rates are creating difficulties for a group of Ontario buyers who purchased pre-construction homes when rates were lower. The buyers no longer qualify for mortgages despite their commitment to buy, they say.
Full Story: CBC News (Canada) (12/19) 
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The rental market with the highest rents in the country next year is expected to be New York City, and nothing short of a "seismic" event could change that, according to an analysis by Zumper, an online real estate platform. Other cities with expected high rental costs include Boston, San Francisco, Miami and Jersey City, N.J.
Full Story: CNBC (12/18) 
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Technology & Innovations
Real estate is among industries seeing changes due to the rise of virtual reality technology through virtual showings and streamlined closing processes.
Full Story: XR Today (12/19) 
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Fair & Equitable Housing
Much of the opposition to construction of new housing in New York City has come from local community boards, but Manhattan Community Board 4 has taken a stand recently in favor of new housing. The board is backing a plan to create 23,000 new homes on Manhattan's West Side.
Full Story: The New York Times (12/15) 
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Legislation & Regulation
Federal Reserve Chair Jerome Powell has spotlighted wages as a key factor as the central bank continues its mission to bring inflation under control, noting last week that pay is rising at a rate "well above what would be consistent with 2% inflation." Fed officials will have to gauge whether recent pay increases represent a readjustment in the market or a sign of a long-term trend that could feed inflation far into the future.
Full Story: BNN Bloomberg (Canada) (12/18) 
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President Joe Biden signed a stopgap funding bill on Friday to keep the government operating, giving lawmakers time to continue work on an omnibus spending package.
Full Story: The Hill (12/16) 
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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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