Survey: Buyer's remorse rooted in surprise property issues

'Cicada-geddon' may wreak havoc on commercial buildings|When will the practice changes following NAR's proposed settlement agreement take effect?|Survey: Buyer's remorse rooted in surprise property issues

Created for |

Web Version

May 30, 2024

LinkedIn

Navigate with NAR

Powered by REALTOR Magazine

SIGN UP SHARE

ADVERTISEMENT

Top News

'Cicada-geddon' may wreak havoc on commercial buildings

Massive swarms are expected in several states this spring and summer, making large properties vulnerable to damage from the insects.

Full Story: REALTOR Magazine

(5/29)

Join the NEW Powered By Offerpad Pro agent program today!

Agents can now make up to 4% with our NEW Agent Partner Program, Offerpad Pro! Earn a 3% referral fee when Offerpad purchases a home and a 1% fee when you LIST and sell that Offerpad-owned home under your current brokerage and signage! Join now!

Terms & conditions apply. See www.offerpad.com/pbo for details

ADVERTISEMENT:

Settlement Answers

When will the practice changes following NAR's proposed settlement agreement take effect?

On Aug. 17, NAR's mandatory MLS policy changes, which implement the settlement's required practice changes, will take effect. The settlement requires NAR to implement the practice changes no later than the date of class notice. Aug. 17 is the earliest date of class notice.Additionally, to comply with NAR's mandatory national MLS policies, REALTOR MLSs must implement the practice changes by Aug. 17. NAR shared these practice changes in early May to provide a three-month window for NAR members and MLSs to prepare to implement these changes. Get more facts about NAR's proposed settlement agreement at facts.realtor.

Best Practices in Sales & Marketing

Survey: Buyer's remorse rooted in surprise property issues

Consumers may be distracted by fancy fixtures and finishes during a home tour, overlooking more serious problems, researchers say.

Business owners share how they handle pressure

Business owners and entrepreneurs recently posted tips for managing the everyday stress of operating a business on LinkedIn. Tips include categorizing work in a "to-do" list, setting hours for work and play, carving out time for exercise and other healthy habits, reaching out to other entrepreneurs or friends to vent and staying aware of what's causing you stress.

Full Story: LinkedIn

(5/28)

Real Estate Trends

Rising mortgage rates once again blamed for sales slump

"But the Federal Reserve's anticipated rate cut later this year should lead to better conditions, with improved affordability and more supply," says NAR's chief economist.

(5/30)

Case-Shiller index shows further gains in home prices

The S&P CoreLogic Case-Shiller 20-city house price index was up 0.3% in March from the prior month and 7.4% from the prior year. Meanwhile, the national index climbed 0.3% on a monthly basis and 6.5% from the previous year.

Full Story: MarketWatch (tiered subscription model)

(5/28), The Wall Street Journal

Technology & Innovations

iOS expands support for smart home devices

The upcoming iOS 17.6 update will expand support for various smart home accessories, integrating new features from the Matter 1.3 specification. This includes enhanced air quality monitoring and support for robotic vacuum cleaners, with updates also coming to macOS, watchOS and tvOS.

Full Story: AppleInsider

Business Wellness

Where does your company culture rank on this list?

(Jacob Wackerhausen/Getty Images)

You can assess the quality of your workplace culture by measuring it against five levels of what S. Chris Edmonds calls "workplace inspiration," that run from cultures of dysfunction that feature open disagreement and intimidation to cultures of validation where teams respect each other and cooperate. Use annual custom assessments to "provide insights into how employees perceive your culture," Edmonds recommends.

Full Story: SmartBrief/Leadership

Fair & Equitable Housing

Mortgage rates put ownership out of reach for many renters

With mortgage interest rates currently around 7%, twice as high as they were three years ago, home ownership is becoming ever more unlikely for many Americans. In a Federal Reserve survey of people who currently live in rented accommodation, 60% of respondents said they do not expect to be able to own a home, the highest figure since the survey began a decade ago.

Full Story: Bloomberg

Legislation & Regulation

Kashkari: Fed hasn't ruled out further rate increases

The Federal Reserve has not ruled out more interest-rate increases, Federal Reserve Bank of Minneapolis President Neel Kashkari says. "I don't think anybody has totally taken rate increases off the table," Kashkari says. "I think the odds of us raising rates are quite low, but I don't want to take anything off the table."

Sharing Navigate With NAR Powered by REALTOR Magazine with your network keeps the quality of content high and these newsletters free.

Help Spread the Word

SHARE

Or copy and share your personalized link:

smartbrief.com/nar/?referrerId=oazBehxfQn

LEARN MORE:

nar.realtor| magazine.realtor| Contact NAR| Advertise With NAR

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.

SmartBrief Publishes More Than 200 Free Industry Newsletters -Browse Our Portfolio

Sign Up Through SmartBrief| Update SmartBrief Profile|

Unsubscribe| Privacy Policy

CONTACT US: FEEDBACK| ADVERTISE

SmartBrief Future

Copyright 2024 SmartBrief. All Rights Reserved.A division of Future US LLCFull 7th Floor, 130 West 42nd Street, New York, NY, 10036.