Home prices, inventory force foreign buyers to retreat

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Home prices, inventory force foreign buyers to retreat | Smart-home tech: What to upgrade and when | Instagram hack to help grow your business

Created for newsletter@newslettercollector.com | Web Version

August 1, 2023

Top News

Home prices, inventory force foreign buyers to retreat Foreign investors, who typically pay cash for U.S. real estate, are spending even more on properties than domestic buyers. NAR data reveals who these international clients are and what areas of America they're targeting. Full Story: REALTOR® Magazine (8/1)

	Pre-Listing Packet Mastery If you want to attract more listings, stand out from the competition, and grow your reputation as THE trusted listing expert in your market, you need to add our Pre-Listing Packet to your arsenal. It is the perfect set of templates and scripts for securing more listings, whatever happens in the market. Download Now >>

Best Practices in Sales & Marketing

Smart-home tech: What to upgrade and when Technology advancements are seemingly endless, but that doesn't mean your clients have to upgrade their smart-home devices every time a new model comes out. Full Story: REALTOR® Magazine (8/1)

Instagram hack to help grow your business While the platform may seem like a gold rush for many real estate pros, it's important to note that simply collecting likes on your posts isn't enough. Full Story: REALTOR® Magazine/The Lounge (7/20)

How brands maximize their Threads

(NurPhoto/Getty Images)

Brands can tap Threads' potential by testing, learning and repeating efforts and crafting threads that elicit replies, which are favored by platform algorithms, writes Boathouse's Geoff Gates. Prepare for trending topics, direct messaging capabilities, paid media promotions and other expected updates to ensure teams can "move swiftly and creatively, without getting bogged down in the process weeds," Gates advises. Full Story: Ad Age (tiered subscription model) (7/28)

Real Estate Trends

Critical need: The state of affordable housing The pandemic heightened the country's housing crisis, but a variety of collaborative, innovative efforts offer promise. Full Story: REALTOR® Magazine (12/13)

Photos: Inside a $500K kitchen remodel Owners of this luxury New York condo tapped designer Mick De Giulio to create a custom kitchen the reflected the owners' personal style. Full Story: The Wall Street Journal (7/31)

Technology & Innovations

AI's top application for marketing? It's chatbots for now Chatbots are the most relevant generative AI application for 83% of marketers, while data, text, search and synthetic data rounded out the top five functions, per Insider Intelligence. While image, audio and video ranked among the lowest AI functions, "eventually, tech like DALL-E, Sonix and Pictory could allow marketers to personalize campaigns at scale," writes Insider Intelligence's Sara Lebow. Full Story: Insider Intelligence (7/28)

Fair & Equitable Housing

Los Angeles pursues renters' rights educational campaign City officials in Los Angeles are encouraging renters to take advantage of programs designed to help renters who have fallen behind on payments. The city is also working to inform tenants of their rights and protections. Full Story: Los Angeles Daily News/City News Service (7/31)

Legislation & Regulation

Fed: Banks to further tighten credit standards The Federal Reserve's quarterly Senior Loan Officer Opinion Survey found that banks have tightened credit standards for both business and consumer clients, and they expect to tighten further through the rest of the year. "The most cited reasons for expecting to tighten lending standards were a less favorable or more uncertain economic outlook, an expected deterioration in collateral values, and an expected deterioration in credit quality of [commercial real estate] and other loans," the Fed said. Full Story: BNN Bloomberg (Canada) (7/31), Reuters (7/31)

Uncertainty limiting real estate transaction volume Pricing uncertainty and liquidity issues continue to create barriers to real estate transactions, with interest-rate hikes by the Federal Reserve having contributed to a bid-ask gap. Indexes from MSCI and Green Street offer some indications that prices are adjusting to the new normal, although disagreements over what the Fed will do next continue. Full Story: WealthManagement (7/31)

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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.

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Arbeid | Werk Recht Diensten | Vakmensen Zakelijke goederen Financieel Beurs I Beurzen Zzp | Zelfstandige zonder personeel Personeel Kantoor Marketing Retail Detailhandel Industrie