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Problem solving can be done by bringing other voices to the table, whether through research or networking with other professionals and even competitors—but be willing to share your challenges with the group, says Marting Zwilling, founder and CEO of Startup Professionals. "That may be a new mindset for you, but in my experience, the payback is well worth the time and effort," Zwilling writes.
The Federal Reserve voted Wednesday to raise its benchmark interest rate for the tenth time in a year, putting too much pressure on small regional banks, says NAR's chief economist.
As much as people would like to control the things life will bring, the reality is that deviation is inevitable—and oftentimes, moving is a circumstance that wasn't in the plan.
Construction sector job openings fell to 341,000 in March from 404,000 the previous month, in parallel with an overall decline in openings across the U.S. economy, according to the Bureau of Labor Statistics. Total job openings in March of 9.6 million is the lowest number in nearly a year and suggests that efforts to ease inflation are working.
Zillow has been updated with the ChatGPT plug-in to generate real estate listings based on property features entered by users. The plug-in is only currently available for select users.
Seventy percent of Americans think diversity, equity and inclusion efforts are important, but anti-racism efforts came 10th in their ranking, according to GWI research. Generation Z is the age demographic most concerned with DEI efforts and Asian Americans are 95% more likely to say they "rarely" see themselves reflected in ads.
From flood insurance to transportation and infrastructure, it's critical for real estate professionals to understand and advocate for policy initiatives that build strong communities on the federal, state and local levels. Listen to Drive With NAR.
The Federal Reserve raised interest rates by 25 basis points Wednesday while also indicating that it might pause its rate-hike cycle. The Fed will analyze the latest economic data in deciding how to proceed, said Chair Jerome Powell. "Looking ahead, we'll take a data-dependent approach to determining the extent to which additional policy firming may be appropriate," said Powell.
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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