The power of patterns: Instantly spice up a dull room

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How to sell a home in a noisy neighborhood | Early offer wins client Toronto home in perfect location | Manalapan, Fla., once a bargain, now attracts billionaires

Created for newsletter@newslettercollector.com | Web Version

August 3, 2022

Top News

How to sell a home in a noisy neighborhood Whether there's a loud highway nearby or raucous next-door neighbors, buyers are often deterred by the thought of living without peace and quiet. Tackle the issues sooner rather than later to make sure things are smooth-sailing once it's time to start showing the home. Full Story: REALTOR® Magazine/The Lounge (7/28)

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Best Practices in Sales & Marketing

Early offer wins client Toronto home in perfect location Buyers' agent Ira Jelinek advised her clients that "we had nothing to lose by trying within a price we felt was comfortable" in pursuing a four-bedroom home in Toronto prior to the offer date. The client's offer was accepted for the more than 20-year-old home in what Jelinek described as the "perfect location" for this family. Full Story: The Globe and Mail (Toronto) (tiered subscription model) (8/2)

Manalapan, Fla., once a bargain, now attracts billionaires Manalapan, Fla., is proving to be a haven for billionaires, with investor Jeff Greene recently hiring a broker to put his $49.9 million listing on the market. Area listing agent Christian Angle says properties in Manalapan once lagged behind nearby Palm Beach in price but that is now changing. Full Story: The Wall Street Journal (8/2)

Real Estate Trends

The power of patterns: Instantly spice up a dull room Bolder patterns in furnishings, home accessories and even on walls and lights are disrupting recent trends toward minimalist, neutral interiors. See how designers are using retro, abstract shapes and bold, nature-inspired patterns to add more visual interest to a home. Full Story: REALTOR® Magazine (8/2)

The helping hand of REALTORS® Over the last 20 years, REALTORS® have worked on the ground to help make their communities whole after disaster. "When you're self-employed, you feel like an island sometimes," says Nashville, Tenn., real estate pro Anna Altic. "I had this rough thing happen, and people who don't have anything to gain from helping me are the first to jump in. I can't wait to pay it forward." Full Story: REALTOR® Magazine (9/21)

Demand for single-family rentals booms as recession looms An economic downturn could drive up demand for single-family rentals, experts predict, with home prices locking out many buyers and continued growth in rent rates attracting investors to build-to-rent deals. "We've studied hundreds of build-to-rent developments around the country, and they're leasing up as fast as the homes can be delivered," said Brad Hunter, founder of Hunter Housing Economics. Full Story: The Real Deal (8/2)

Mortgages pile debt on US households Household debt climbed to a record high of $16.15 trillion in the second quarter, suggesting that households are resorting to more borrowing to keep pace with rising inflation, according to the Federal Reserve Bank of New York. The largest contributors to the uptick are mortgages, auto loans and rising costs of consumer staples prompted by the Russia-Ukraine war, researchers noted. Full Story: Reuters (8/2), The Hill (8/2)

Fair & Equitable Housing

Envisioning the return of hotels as homes

Extended-stay hotels could supply a remedy to housing shortages and homelessness by reviving an era when hotels commonly served as residential options for Americans of various income levels, Slate writer Henry Grabar says. Indicators Grabar cites include the robust growth of the extended-stay sector and of the long-term category of Airbnb's bookings. Full Story: National Public Radio (8/1)

Legislation & Regulation

FHFA pursues review of Federal Home Loan Banks The Federal Housing Finance Agency has charted a course to review the basic structure of Federal Home Loan Banks, a little-followed $1 trillion government-sponsored enterprise made up of banks and insurance companies. Agency Director Sandra Thompson wants to address "foundational questions about mission, purpose and organization." Full Story: The Hill (8/2)

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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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