Major causes of house fires and how to prevent them | How will your client know those wire instructions are legit? | Is a working capital loan right for your business?
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Is a working capital loan right for your business? Working capital loans make up a broad category of small-business financing, but they generally share flexible use, flexible payments and quick approval, financing and credit expert Gerri Detweiler writes. Real estate, automotive and retail businesses often require the most working capital, or cash on hand, notes Detweiler, who also shares five ways to shorten the capital cycle. Full Story: Nav Small Business Blog (10/7)
How to lead a team as sales focus changes Sales clients appear to be gravitating toward the ends of the spectrum, making it harder for sales managers to pinpoint the skills needed on their teams, writes Alec Drake of Drake Media Group. Successful sales managers will lean toward "self-improvement" sellers who are interested in skill set growth and comprehensive solutions, Drake advises, which will require companies to invest in "marketing and prospecting support, changes in their administrative responsibility, and compensation." Full Story: Radio Ink (10/10)
Real Estate Trends
Mortgage rates climb higher as applications slow Mortgage rates continued their climb, with the average contract rate on a 30-year fixed-rate mortgage rising to 6.81% in the week through Oct. 7, according to the Mortgage Bankers Association. Meanwhile, an index that measures the volume of mortgage applications was down 2% from the previous week. Full Story: Reuters (10/12)
2 projects in Singapore to test beamless designs Two build-to-order projects in Singapore will test beamless designs, which will give residents greater latitude in designing their living spaces. Under the system, concrete slabs can be positioned directly on a column without the need for beams. Full Story: AsiaOne News (10/11)
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!
Fair & Equitable Housing
Minneapolis association: We'll fix our past injustices Promising to work harder for housing equity, the Minneapolis Area REALTORS®—which once supported racial covenants and denied membership to Blacks—issued a public apology for its historical role in perpetuating the homeownership gap in the Twin Cities. Now the association has a plan of action to help level the playing field. Full Story: REALTOR® Magazine (10/12)
Legislation & Regulation
Fed minutes show officials' reaction to inflation Federal Reserve officials indicated that more interest rate hikes are likely on the way and that rates could remain high until inflation moderates, according to minutes from the September meeting. However, several members also indicated that "it would be important to calibrate the pace of further policy tightening with the aim of mitigating the risk of significant adverse effects on the economic outlook." Full Story: CNBC (10/12)
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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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