Zap burnout before it zaps you Brokers carry a heavy load—and maintaining mental wellness is vital. REALTOR® Taryn Kelly, a wellness expert, shares key takeaways from NAR's latest Broker Power Hour. Kelly's tips can help you recognize burnout, reset and lead with calm clarity. Plus, sign up for tomorrow's Broker Power Hour (no cost to NAR members) for timely info on managing liability and reducing risk. Full Story: REALTOR® Magazine (7/8)
Making referrals to home services providers can involve significant risk for unwary real estate professionals. This two-minute video offers the best practices you should follow when you make recommendations. Full Story: National Association of REALTORS®/Window to the Law (7/1)
Preparation key to modern sales success Sales success now hinges on thorough preparation, including researching leads, customizing outreach and collaborating with marketing. Personalization has become the baseline, and sales cycles are longer, requiring more scrutiny from buyers. Top sales teams also focus on operational risks, including adequate insurance coverage. Creating a culture of preparation through internal collaboration and continuous improvement is essential for building trust and shortening sales cycles. Full Story: Inc. (tiered subscription model) (7/4)
How to drive company growth through talent mobility Employers should invest in education to improve talent mobility, which builds an agile workforce that thrives during uncertain times, writes InStride Chief Product Officer Michelle Westfort, who points out the approach closes skill gaps and prepares employees for new roles. "Your existing employees represent a goldmine of potential, known qualities with proven cultural fit who can deliver what your company needs," writes Westfort, citing the example of a health care provider that developed internal talent for data analytics during an economic downturn. Full Story: StrategicCHRO360 (7/7)
Mortgage Finance
Mortgage forbearance and its impact on home sales Homeowners who encounter financial trouble may not know where to turn when they can no longer afford their monthly mortgage payments. Mortgage relief through forbearance may help. This comprehensive overview is a great resource to read and share with troubled clients.
Real Estate Trends
Howard Hughes Holdings CEO on demand trends in the housing market Howard Hughes Holdings CEO David O'Reilly notes that there continues to be a shortage of homes in the US and that some consumers are patient amid broader uncertainty. O'Reilly also discusses the company's strategic direction in terms of land sales to homebuilders. Full Story: CNBC (7/7)
Some homeowners stuck with higher mortgage rates Some people who bought homes in recent years had hoped that mortgage rates would decline significantly, allowing them to refinance at lower rates. However, rates have remained above 6.6%, preventing buyers from following through on these plans. Still, economists aren't expecting the situation to lead to a wave of foreclosures. Full Story: The Wall Street Journal (7/5)
Ecosystems such as Amazon Alexa, Apple Home and Google Home offer convenience but come with hidden costs, including the need for smart home hubs, devices and ecosystem subscriptions, forced upgrades and potential privacy concerns. The ecosystems can also lock users into specific products, limiting compatibility with other brands. Full Story: How-To Geek (7/6)
Business Wellness
How to make quick decisions without going solo Making quick decisions is often necessary, but leaders don't have to go through the process alone, says business writers Karin Hurt and David Dye, noting, "You do need a pulse check from the people who are most affected." Ensuring that decisions are informed without the need for lengthy meetings involves asking for input, not consensus, which can strengthen team relationships, even under pressure. Full Story: Let's Grow Leaders (6/30)
Fair & Equitable Housing
Affordable housing plan calls for 200 additional units True Ground Housing Partners has unveiled plans to redevelop its Leckey Gardens property in Arlington, Va., to build 249 affordable housing units. The project involves replacing two three-story buildings with 10-story structures, and completion is planned for 2029, with funding from county gap sources, Low-Income Housing Tax Credits and other unnamed sources. Full Story: The Real Deal (7/7)
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.
DISCLAIMER
Advertisements placed in Navigate With NAR do not reflect endorsements from NAR. NAR does not evaluate the advertised services or products, or any claims made in the advertisement. NAR is not responsible for any inaccurate or false statements or claims made in the advertisement or in any materials. NAR does not endorse, sponsor or recommend the Advertiser or Advertiser’s products or services. NAR makes no guarantees, warranties or representations about the Advertiser and Advertiser’s products or services.
SmartBrief Publishes More Than 200 Free Industry Newsletters - Browse Our Portfolio
