Latinos drive real estate market's biggest comebacks

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REALTOR® Magazine Online is now part of nar.realtor | What rain barrels can do for homeowners | Entrepreneurship, innovation rising in small U.S. cities

Created for newsletter@newslettercollector.com | Web Version

October 12, 2022

Top News

REALTOR® Magazine Online is now part of nar.realtor Find the business tips and advice you've come to rely on from REALTOR® Magazine at our new home nar.realtor/magazine. The website has a new look and feel—but the same actionable content to help you drive your business forward every day. Bookmark us and visit often!

	The Perfect Pre-Listing Packet Template Get our updated Pre-Listing Packet template that creates trust, delivers value, and establishes you as the local market authority… Before you even go to the listing appointment! This PDF template helps you win more listings, consistently! Download Now >>

Best Practices in Sales & Marketing

What rain barrels can do for homeowners They not only collect and conserve rainwater but save money, too. Well-placed rain barrels can cut utility costs by collecting free water for gardening, lawn watering or even washing the car. Your clients are taking note of this valuable feature, so know what to tell them. Full Story: REALTOR® Magazine (10/7)

Entrepreneurship, innovation rising in small U.S. cities The era of a handful of cities dominating the startup scene and the venture capital that goes along with it is over as Richmond, Va.; Chattanooga, Tenn.; Fayetteville, Ark.; and similar cities encourage entrepreneurship, says Steve Case, whose new book, "Rise of the Rest," documents the shifting innovation landscape in the U.S. "We have seen more interest in different communities in terms of what's going on with startups. ... We've seen more investors, both locally and nationally, backing companies," Case says. Full Story: The Business Journals (tiered subscription model)/Alabama Inno (10/6)

Real Estate Trends

Latinos drive real estate market's biggest comebacks The Hispanic community plays a huge role in the world of housing—on the business and the client side. Learn how this homebuying cohort led the recovery after the Great Recession and during the pandemic. Full Story: REALTOR® Magazine/The Lounge (10/7)

Industries dependent on housing suffer amid slowdown Home construction, appliance manufacturing and retail are among industries that are experiencing follow-on effects of a broad slowdown in the housing market. Fewer home sales can drag on consumer spending for items such as furniture, according to Bank of America. Full Story: Forbes (tiered subscription model) (10/11)

AGC: Interest rates flatten demand for single-family homes Construction spending dipped 0.7% nationally in August, according to Associated General Contractors of America data, though multifamily spending rose 0.4% from July. "Steeply rising interest rates have crushed demand for single-family housing and threaten developer-financed projects, while newly enacted federal legislation will soon boost investment in power, manufacturing and infrastructure construction," said Ken Simonson, the AGC's chief economist. Full Story: Bulk Transporter (10/11)

Technology & Innovations

13 ways to step up your defense against hackers Scammers are targeting real estate as more transactions and communications are conducted remotely, and they prey on relaxed online security. Follow these best practices for strengthening your cybersecurity to help you and your clients avoid becoming victims of real estate schemes. Full Story: REALTOR® Magazine (Aug. 2020)

Fair & Equitable Housing

Developer standardizes affordable housing project SoLa Impact follows a private funding model to develop affordable housing in California and owns 1,500 units in Los Angeles. "Fundamentally, it comes down to being able to standardize your development and your construction process, being able to radically simplify it," founder Martin Muoto says. Full Story: WBUR-FM (Boston) (10/11)

Legislation & Regulation

Fed officials add note of caution on rate increases Federal Reserve Vice Chair Lael Brainard and Federal Reserve Bank of Chicago President Charles Evans sounded a somewhat cautious note as they discussed the path ahead for rising interest rates. Brainard has referenced evidence that shows inflation might be slowing, while Evans has expressed hope of "getting to a place where policy can plan to rest and evaluate data and developments." Full Story: The Wall Street Journal (10/10)

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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