New York City median apartment rents held steady in Feb.

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Help your cause get the attention it deserves | Find leads, make sales through LinkedIn messaging | 3 rules for leaders to create a competitive culture

Created for newsletter@newslettercollector.com | Web Version

March 10, 2023

Top News

Help your cause get the attention it deserves Learn how two NAR programs can provide your charity national exposure and help supercharge donations and attract volunteers. Full Story: REALTOR® Magazine/Wellness (3/9)

	HOW REAL ESTATE AGENTS CAN HARNESS AI (ARTIFICIAL INTELLIGENCE) TO POWER RI (REAL INTELLIGENCE) 5 ways real estate agents are using AI and how you can harness this evolving technology to plus your business >> MORE

Best Practices in Sales & Marketing

Find leads, make sales through LinkedIn messaging Communicating through LinkedIn can be a powerful way to retain customers, writes Social Media Examiner's Michael Stelzner, but messages should not be "spam," Stelzner asserts. Instead, they should sell without looking like they are selling -- a result achieved by following four steps that start with qualifying the prospect and end with removing the pressure, Stelzner outlines. Full Story: Social Media Examiner (3/9)

3 rules for leaders to create a competitive culture

(Halfpoint Images/Getty Images)

Leaders must first have an inspiring vision for their company's culture before they can communicate and amplify it among their workforce and then they must be vigilant to enhance that culture by building on strengths and "eliminating toxins," writes Mark Miller, vice president of high performance leadership for Chick-fil-A. A system of spotting those toxins in the culture is needed, Miller writes, so leaders can act early to head them off. Full Story: SmartBrief/Leadership (3/8)

Real Estate Trends

Why are mortgage rates edging closer to 7% again? Borrowing costs have been inching up for weeks, threatening to dampen the spring homebuying season. Full Story: REALTOR® Magazine/Real Estate News (3/9)

New York City median apartment rents held steady in Feb. Apartment rents in Manhattan have remained largely unchanged, with the median rent in February on newly signed leases falling just $2 from the previous month to reach $4,095, according to Miller Samuel and Douglas Elliman Real Estate. However, the number of units on the market by the end of the month was up by 1,400, suggesting that some renters are pushing back against rates and are looking elsewhere, says Jonathan Miller, president of Miller Samuel. Full Story: Bloomberg (3/9)

Storybook homes appeal to those seeking a unique dwelling Los Angeles seller's agent Billy Rose of The Agency says "storybook" style homes offer a unique aesthetic that attracts buyers. The West Coast is known for this style of architecture. Full Story: The Wall Street Journal (3/9)

Technology & Innovations

HubSpot introduces 2 content AI tools HubSpot is joining the artificial intelligence movement with the debut of ChatSpot to create emails, answer questions and related content within the company's customer relationship management platform by pulling in DALL-E 2, OpenAI's ChatGPT and several Google Doc applications. Hubspot also unveiled Content Assistant for select customer testing to help create marketing and sales content, such as landing pages and blog posts. Full Story: TechTarget (3/7), MarTech Today (3/8)

Business Wellness

#FeelGoodFriday: Encounter inspires Florida REALTOR® to be source of hope Carolyn Gable, who struggled in poverty as a young mom, now provides small gestures of compassion—and $100 each—to people facing all kinds of problems. Full Story: REALTOR® Magazine/Wellness (3/9)

Fair & Equitable Housing

Age among factors that skew mortgage decisions, research finds Research shows that borrowers over 70 are most likely to be rejected for mortgage refinancing. "Taken at face value, age appears to be an equally important correlate of mortgage application outcomes as race and ethnicity," said Natee Amornsiripanitch of the Federal Reserve Bank of Philadelphia. Full Story: Yahoo (3/8)

Legislation & Regulation

Fed, Bank of Canada take different directions on rates The Bank of Canada is set to halt its interest rate rises as the U.S. Federal Reserve gears up for further hikes, setting up a divergence between the countries' approaches. "The Canadian economy is just far more sensitive to interest rates because of factors like the crazy amount of debt-to-income that we've got, because of our overheated housing market," said Jay Zhao-Murray, a market analyst at Monex Canada. Full Story: Reuters (3/9)

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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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