Fed's aggressive rate hike may influence "shrinking buyer pool"

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Fed's aggressive rate hike may influence "shrinking buyer pool" | Plant decor, living walls gain traction in home design | Communication is crucial for construction disputes

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June 16, 2022

Top News

Fed's aggressive rate hike may influence "shrinking buyer pool" The Federal Reserve's move to raise its benchmark rate by three-quarters of a percentage point, the largest increase since 1994, could put more upward pressure on near-6% mortgage rates and sideline more home buyers, says NAR Chief Economist Lawrence Yun. Full Story: REALTOR® Magazine (6/15)

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Best Practices in Sales & Marketing

Plant decor, living walls gain traction in home design Decorating homes with plants is becoming popular as more millennials pick up indoor gardening as a hobby to alleviate stress. "The rooms we design the most built-in [plant] pieces for would be the primary bathroom and living room," says interior designer Ariana Lovato. Full Story: Forbes (tiered subscription model) (6/14)

Communication is crucial for construction disputes Loretta Thompson, a partner on the real estate team at the Withers law firm, writes that communication between parties is key for construction projects that go awry. "The method and means of communication are equally important, and with the now widespread use of video conferencing and collaborative software modules, there is no reason for a total breakdown of communications," Thompson writes. Full Story: WealthManagement (6/13)

Real Estate Trends

REALTORS® foresee strong but calmer 2023 market CEOs of associations nationwide predict the highs and lows the real estate industry will face over the next year. Full Story: REALTOR® Magazine (6/15)

A snapshot of 7 large markets The housing inventory shortage has touched nearly every area of the country. Now with interest rates rising, real estate professionals are contemplating how these trends will influence buyers and sellers down the road. Full Story: REALTOR® Magazine (6/14)

Hot home trend: Curvy furniture There's no denying that the curved sofa trend is having a moment. But why are curved couches and chairs suddenly all the rage? And how do you best style them for the biggest impact? Full Story: REALTOR® Magazine/Styled, Staged & Sold (5/16)

Small-town affordability in sharp decline The dream of affordable homes in small towns is evaporating as housing inventory has plunge in rural areas, due in part to baby boomers buying retirement properties away from big cities, says Marquette University economics professor David Clark. A rise in remote work has also led to more people purchasing homes in rural and suburban areas. Full Story: MarketWatch (tiered subscription model) (6/16)

Technology & Innovations

Real estate startups raise $12.4B in past 6 months Real estate startups have raised $12.4 billion so far this year for innovations in areas such as construction technology and real estate financing, according to Crunchbase. "If you look at real estate as an asset class, it's a trillion-dollar industry," says Kunal Lunawat, managing partner of Agya Ventures. "There's a lot of room for real estate tech to grow." Full Story: Crunchbase (6/13)

Fair & Equitable Housing

Houston tackles homelessness with housing-first approach Houston has moved more than 25,000 homeless people into housing over the past decade through a housing-first approach and collaboration with groups like SEARCH and the Houston Housing Authority. Mayor Sylvester Turner has announced a $100 million plan to cut homelessness in Harris County in half by 2025. Full Story: The New York Times (6/14)

Legislation & Regulation

New York embarks on multiyear housing plan New York Mayor Eric Adams has announced a multiyear plan geared toward answering the city's housing crisis. Measures will include new developer incentives and subsidies to support homeownership. Full Story: Gothamist (New York) (6/14), The New York Times (6/14)

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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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