REALTOR Roundup

The fourth quarter, for many agents, can mean that business starts to slow as we head into the holiday season. While this can be a great time to finally take that vacation you've been putting off or visit family you haven't seen in a while, let's not forget that it's also a great time to be working on your business. Below are a few ideas for things to be working on if you find you have some extra time on your hands.

With the new NAR settlement and all of the miscommunication around it, it’s no wonder that buyers are confused. We, as an industry, must do all we can to help educate the general public. Unfortunately, the unintended consequence of the ruling is that buyers now don’t know whether they should enlist a buyer’s agent when searching for a home.

Real estate professionals are discussing NAR's buyer-broker pay resolution. Brokers and agents face major residential real estate settlement changes. Businesspeople in the community should be educated to understand the settlement regarding residential and commercial transactions.

Did you know that Nashville was once a leader in transportation in the United States? In 1889, Nashville was the second city in America to have electric street cars (behind Boston, MA). In 1891, an article was published stating that Nashville "solved the rapid transit problem". Even up to 1950, we remained leaders in transportation being the first city to implement dedicated bus lanes. So, how did we become the number one city in America today for the worst commute, as named by Forbes Magazine?

Someone, please let me off this rollercoaster ride! That’s how many people feel right now. Life is coming at everyone fast from every angle as life seems to be full of so much change, twists, and turns, but with every change comes progress in some form or fashion.

With the constantly changing landscape of real estate, working with a Realtor is more important than ever. As you may have heard, new laws went into effect in August, which brings in new questions, and oftentimes, uncertainty. As Realtors, we are here to help our clients navigate the changes and remove uncertainty as we guide them through each step of buying or selling. We have been learning about the legal and ethical impact of these changes for months, ensuring we are ready to inform and protect our clients.

As Generation Z enters the housing market, their approach to buying a home is reshaping the industry. Born between the mid-1990s and early 2010s, Gen Z is coming of age during a time of economic uncertainty, high student debt, and rapidly evolving technology. Despite these challenges, many are determined to achieve the American dream of homeownership, albeit on their own terms.

We live in a fast-paced environment in today’s global world. In recent years, home prices and sales have skyrocketed while inventory has declined rapidly. Consumers must avoid the trap of thinking that this is normal; when in fact history shows us real estate cycles take several years to occur. Real estate is a long-term investment. While there are short windows of extraordinary times, they are rare. Today, there is a more balanced market, a positive outlook for the future, and more homes to choose from. Building a strong team of professionals to help make this plan come to fruition.