Real estate sector leverages virtual tools, contact-free tech

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Making a smart home: Start small and build it out | Creative ways to get through the inventory shortage | $1M in New Orleans offers old, new options for buyers

Created for newsletter@newslettercollector.com | Web Version

August 25, 2022

Top News

Making a smart home: Start small and build it out The possibilities are endless when it comes to equipping a property with smart, connected features. But the plethora of options can make decisions overwhelming. Tech expert Brandon Doyle breaks down how to get started. Full Story: REALTOR® Magazine (8/22)

HOW TOP AGENTS ARE SELLING REAL ESTATE NOW Learn how to immediately implement the only 3 strategies that matter right now: 1) Reverse Prospecting (so qualified leads seek YOU out); 2) How to identify and reach the best prospects and convert them to appointment; 3) How to become the go-to agent in your market >> WATCH

Best Practices in Sales & Marketing

Creative ways to get through the inventory shortage This volatile market requires out-of-the-box solutions to weather the storm. Technology and mentoring make a difference, but there's a third option to help you succeed: iBuyers. Full Story: REALTOR® Magazine (7/19)

$1M in New Orleans offers old, new options for buyers Homes at the upper end of the market in New Orleans offer space and, in some cases, charm that showcases the city's colorful history. Full Story: The Times-Picayune | The New Orleans Advocate (8/24)

Employee uniqueness is at the core of innovation When employees feel that their company values them as unique and independent thinkers, they are more likely to produce innovative ideas and follow through on them. "If a manager encourages employees to harness their individuality and reflect on what makes them distinct, this may lead to the pursuit of more novel ideas, even in a highly collectivistic context," write researchers Moran Lazar, Ella Miron-Spektor and Jennifer Mueller. Full Story: INSEAD Knowledge (8/23)

Real Estate Trends

REALTORS® tie the knot in the metaverse The bride wore a flowing white gown and an elegant crown—and so did her avatar. Real estate pros Traci and Dave Gagnon ventured into the virtual world for their nuptials. Find out what happened. Full Story: REALTOR® Magazine/Culture Scan (1/25)

Bungalow takes on 'modern barn' look A mid-century bungalow on this couple's Cornwall, England, property opened the door to a renovation project bringing in modern design elements such as fabricated oak frames. Full Story: Homebuilding & Renovating (8/22)

For Toronto's millennials, relocation part of buying process Home ownership is a goal for most millennials living in Toronto, and more agents are being tasked with finding homes outside the city, according to a survey commissioned by Royal LePage. "This overwhelming feeling that you can solve problems by relocating is an offshoot of the pandemic," said Royal LePage CEO Phil Soper. Full Story: CBC News (Canada) (8/24)

Technology & Innovations

Real estate sector leverages virtual tools, contact-free tech Virtual home tours and contactless transactions are among technological innovations that have put the real estate industry ahead of some others. Mercury Insurance and Flyreel, for example, created an app to enable contactless home inspections. Full Story: Inc. (tiered subscription model) (8/24)

Fair & Equitable Housing

States encourage homeownership with down payment help Maryland, Connecticut and Florida are among states that are providing down payment assistance for buyers. In Washington, D.C., the subsidy has increased to $202,000. Full Story: CNBC (8/24)

Providence, R.I., helps residents avoid eviction The Providence Eviction Defense in Rhode Island was created by the city to provide legal support for low-income residents facing eviction and is supported through American Rescue Plan funds. "Anything we can [do to] prevent our residents and our neighbors from falling in that quicksand of deep poverty, we should do," Mayor Jorge Elorza says. Full Story: The Boston Globe (tiered subscription model) (8/24)

Legislation & Regulation

Experts ponder whether some economic changes will last Investors continue to brace for Federal Reserve Chair Jerome Powell's comments at the gathering of central bankers in Jackson Hole, Wyo., this week. Meanwhile, some policymakers are wondering whether the current era of high inflation is a sign of longer-term economic shifts. "Since the pandemic, we've been living in a world where the economy is being driven by very different forces," Powell has noted previously. Full Story: The Wall Street Journal (8/24), The New York Times (8/24)

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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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