Essential mortgage insights for buyers NAR's latest consumer guide demystifies home financing, including different loan types, down payment options, and strategies to reduce buyers' cost burden. Get English and Spanish versions of more than a dozen resources in the "Consumer Guide" series at facts.realtor.
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Lydia Fenet, an auctioneer, shares her strategy for ensuring successful negotiations by emphasizing the importance of immediate follow-up. Fenet advises finalizing deal points before leaving the meeting and sending a recap email to all parties involved, an approach that prevents second-guessing and ensures the deal discussed is the one that gets signed. Full Story: Fast Company (tiered subscription model) (11/11)
Holiday decor trends change quickly, but timeless decorations can save money and reduce waste. Interior designers suggest using family heirlooms, white candles, greenery, velvet bows, floral centerpieces, nutcrackers, plaid accents and metallics to create a classic holiday atmosphere that remains stylish year after year. Full Story: Real Simple (11/12)
CRE mortgage originations swell in Q3 There was a significant increase in commercial and multifamily mortgage originations in the third quarter of 2024, with a 59% year-over-year surge and a 44% rise from the previous quarter, according to the Mortgage Bankers Association. Health care and hospitality sectors saw substantial growth in lending, while office properties continued to face challenges, with a 3% decline in originations. Full Story: GlobeSt (free registration) (11/12)
Technology & Innovations
Report: Apple plans wall-mounted smart display Apple is reportedly planning to launch a wall-mounted display to strengthen its position in the smart home market. The smart display, rumored to be code-named J490, could debut as soon as March, featuring Apple Intelligence and capabilities similar to Amazon Echo Hub and Google Nest Hub. Full Story: Forbes (tiered subscription model) (11/13)
Increased longevity is reshaping careers, allowing individuals to work well into their 70s and beyond. This extended lifespan offers opportunities for career changes and personal growth. "The 100-year life gives lots of opportunities for younger people," says Ciara Spillane, a lecturer at University College Dublin and founder of Positive Prospects. "Knowing that we are likely to be working for more than 50 years, it allows more time to change careers, pivot to completely new areas and retrain later in life." Full Story: Silicon Republic (Ireland) (11/11)
Fair & Equitable Housing
Orlando hotel to be transformed into affordable housing The Orlando City Council has approved converting a Best Western hotel into 110 affordable studio apartments. The project, led by Aaron Spahr's SL CAP, aims to provide low-income housing by repurposing existing structures, a cost-effective alternative to new construction. Full Story: News 13 (Orlando, Fla.) (11/11)
Legislation & Regulation
Barkin: Fed ready to act as economy evolves The economy is "in a good place," and the Federal Reserve is ready to respond no matter where it goes from here, says Richmond Fed President Thomas Barkin. Barkin outlined two potential paths for the economy and what they would mean for inflation and employment risks. "The Fed is in position to respond appropriately regardless of how the economy evolves," Barkin says. Full Story: BNN Bloomberg (Canada) (11/12),Barron's (11/12),MarketWatch (tiered subscription model) (11/12),Reuters (11/12)
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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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