A partial draft of this year's long-anticipated tax reform package was released by House Republicans late Friday. The complete version may be unveiled as early as Tuesday. NAR's advocacy team says the initial release offers some positives for the real estate economy, though several NAR priorities—including an increase in the state and local tax deduction—remain open. REALTOR® Magazine will update the story as more information becomes available.

Seller disclosure is required in order to file a delayed marketing exempt listing. However, each MLS has discretion in how to enforce its policy and rules, which may or may not include the requirement to file the disclosure form with the MLS. Find more answers about NAR's new policy statement, Multiple Listing Options for Sellers, at facts.realtor.

If you feel like you're running on a treadmill everyday, it may be time to upgrade your personal operating system, says McKinsey Senior Partner Arne Gast, who outlines three areas of focus—your "mandate" (or what others expect from you), the critical upcoming moments you need to prepare for and what things you'll let go of doing. "The moment you know why you're doing the work, what you're building, why you love doing it for your customers, why you love doing it for society [...] then it's not so much just a job, but you have more energy to do the work," Gast says.

Leaders need to speak up to address tough topics with a balanced approach, writes Jerry Colonna, CEO of Reboot, who shares an experience on a panel where people discussed the often-taboo topic of the U.S. political climate. "The willingness to say something set the tone for a comfortable conversation, which led to bigger and better thoughts about leadership, business, purpose and togetherness," Colonna writes.

Real estate professionals involved in the sale of homes often recommend a fresh coat of paint before selling a home, whether that's for the entire home or just problem areas. Although agents and stagers have long-favored neutral colors—whites, beiges and grays—to appeal to prospective home buyers, Sherwin-Williams color forecasters Sue Wadden and Emily Kantz offer tips on how and why to expand your color palette.

Commercial real estate professionals are navigating an unprecedented cycle disruption driven by shifting U.S. trade policies and tariffs. Executives from major firms such as CBRE and JLL report strong first-quarter performance but express uncertainty about future demand. Bob Knakal of BK Real Estate Advisors notes a significant correlation between policy and market behavior, a sentiment echoed by others who are cautious amid volatile economic conditions.

The student housing sector remains stable despite challenges such as tariffs, immigration changes and recession concerns, according to Yardi Matrix. The preleasing average was 73.2% in April, though rental rates experienced a 2% decline year-over-year, with a 6.4% drop over the previous two leasing seasons. The upcoming leasing season's slowdown in rent growth was attributed to competition with weaker multifamily markets and new supply.

A 96-acre portion of Horn Island in Mississippi, comprising 16 parcels from the north to the south shore, is on the market for $25 million. Most of Horn Island is federally owned as part of the Gulf Islands National Seashore, but a section is privately owned.

The global smart home market is projected to grow to $163.7 billion by 2029, driven by technological advancements and socioeconomic factors. Key trends include increased interoperability among devices, the integration of IoT for seamless communication, the rise of ambient computing and a focus on security.

U.S. inflation is expected to tick up, with core consumer prices forecast to rise 0.3% in April, reflecting the early impact of new tariffs. Companies are beginning to pass higher import costs on to consumers, signaling a broader inflation trend. Federal Reserve officials, including Governor Lisa Cook, have warned that trade policies could dampen productivity and lead to higher interest rates. The inflation data comes amid a busy week for U.S. economic reports and Fed commentary.