Agents can use rentals to fill pipeline in down market | How brokers can help agents communicate their value | Are your tasks unfinished? You may be time-blind
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If you can't seem to get things done on time or forget to finish (or start) essential tasks, you have "time blindness," which means you have trouble analyzing how long something will take, say experts. There is support through time-management apps, virtual or physical to-do lists, attention to self-care, and being compassionate with yourself, say experts. Full Story: U.S. News & World Report (1/25)
Developers benefit as buyers seek new homes One bright spot in the housing market has been sales of new homes, which increased 4.2% in 2023, according to the Census Bureau. The trend has been beneficial for companies such as Howard Hughes Holdings, which reported that its new home sales doubled in the third quarter compared with the prior year. "Our job is to make sure we have enough houses to meet that buyer demand," said CEO David O'Reilly. Full Story: The New York Times (1/25)
Technology & Innovations
AI is here. It's up to leaders if it's a friend or foe Leaders must take time now to become well-versed in how AI will affect their company, deciding on matters ranging from ethics, which jobs will be reserved for humans, how it will affect culture and what kind of processes and policies will be needed, write BTS executives Andrew Atkins and Peter Mulford. Make all of these decisions in concert with your executive team and employees so everyone can feel involved in the final outcome, they write. Full Story: Chief Executive (1/26)
News from NAR
New motions filed in compensation lawsuits Plaintiffs in some of the cooperative compensation lawsuits filed a motion last month seeking to centralize and transfer various cases to the Western District of Missouri. NAR filed a response to that motion this week, arguing that all relevant cases should be centralized in the Northern District of Illinois to address the industry-wide issues they present. Visit competition.realtor for litigation updates.
Credit card spending, delinquencies continue to rise Several of the largest U.S. banks have reported that credit card spending, which has been rising since 2020, reached a peak with a combined total of around $2.25 trillion in 2023. Unpaid balances have also risen past the high that was reached in 2019, while delinquencies rose sharply for all four of the leading banks last year. Full Story: The Wall Street Journal (1/24)
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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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