Today's Headlines - Realty Times

Have you experienced receiving a phone call from an unfamiliar number? Nowadays, it may seem like a rhetorical question because most of us have encountered such situations. The prevalence of spam calls on our mobile devices has made it a common occurrence.

Personally, I receive these phone calls at least every few days. I often wonder about their origin and how on Earth they got my number.

How about when you scroll through social media or a website, and you come across an ad for something you checked out a few days ago. It’s an item you’re genuinely interested in, but you can’t help but wonder how or why the ad is being served to you.

This instance, along with the strange capability of Google and other software being able to read your mind by showing you ads for things you searched for momentarily weeks prior, are all in the same category. We are all familiar with the reality that organizations that we connect with in some capacity for online shopping, article reading, or more leverage a good portion of our personal information to their advantage and, in essence, to ours.

And while some may find this type of personalized advertising helpful, others find it incredibly invasive. It all goes back to privacy, but now the questions that remain are: What is privacy in today’s digitally connected world, and from a business leader’s perspective, how do we navigate this with integrity?

Our Lives and Data Get More Digital Every Day

Since the dawn of public access to the internet, we have heard that any information shared on the internet is public domain, almost as if you surrendered your autonomy to the World Wide Web. Of course, this is still true today; however, the difference between today and yesterday is that today, customers are demanding their personal data stay private while simultaneously expecting more personalized content that fits their unique preferences. What a dichotomy!

I teach organizations around the world the principles of my Anticipatory Organization® Model, where they can become positive disruptors in a world that is constantly evolving with exponential digital advancements. With the decades of research I have conducted, I continue to encourage my clients and colleagues to pay close attention to the Three Digital Accelerators that propel powerful technology into the future: computing and processing power, bandwidth, and storage.

While my Three Digital Accelerators increase organizational operation efficiency, they affect our personal lives and the information we share online as well. For instance, in today’s digital landscape, those accelerators have made it possible for us to sign up for popular subscription services that make our lives the pinnacle of convenience. These include brand name subscription services like Uber Eats and Amazon Prime and extend to include grocery delivery, music, and even your traditional email subscriptions for travel deals.

Essentially, everything we could possibly want is online at our convenience, but convenience comes with the price of our personal information.

As the Three Digital Accelerators constantly lead us into the next great digital evolution, our lives will continue to become more digitized than ever. Similarly, as we continue to sign up for more and more services, shop online in any capacity, and generally use smart devices to simplify our lives, we will continue to use our name, phone number, email, and other sensitive information while agreeing to terms and conditions without many of us actually reading the fine print.

Thus, our personal data will continue to permeate the digital world and become data that others can access and leverage.

Privacy in Digital Marketing: Is There a Line?

From the perspective of a business leader, do you feel that once an individual customer enters their data online, is it no longer their personal information?

Throughout centuries, the essence of successful business has revolved around comprehending the needs and desires of customers, then offering them the appropriate solutions. Today, the essence of business remains the same, but the vast number of organizations offering similar products and services makes the process more difficult. Enter: Marketing.

We all know, based on the previous discussion of targeted ads and autonomous sales calls, the activity of promoting and selling products or services according to research on customer expectations and needs is just as digital as how individuals buy those products and services. Add in artificially intelligent marketing tools like geofencing, where your mobile device becomes part of a system that suggests products or services near you, suddenly that line between what is personal and what is public domain gets very blurry. 

In a highly digitized era where the internet is for sales, marketing, and more, it takes no effort for marketing professionals to have access to customer information, and in many cases, it is completely legal. But as specific ads are tailored to customers by leveraging their data, the responsibility of equitable marketing practice now falls on you, the business leader.

This line is drawn by you.

Posted On Tuesday, 20 February 2024 00:00 Written by

The landscape of work is undergoing a transformative shift, fueled by the relentless progress of artificial intelligence (AI) and generative AI technologies. In my eyes, the key to understanding this evolution lies in recognizing that humans are not being replaced by AI but are, in fact, being empowered by it. The future of work is marked by increased efficiency, a redefined role for humans, and a seamless integration of remote and in-office collaboration.

AI as a Tool, Not a Replacement

As generative AI, exemplified by technologies like Chat GPT, becomes more prevalent, the question arises: Will humans be replaced by AI? No, humans will not be replaced; rather, they will be augmented by AI. AI serves as a powerful tool, particularly adept at imitation and quick execution, getting tasks 80% completed in a fraction of the time. However, the true magic lies in the remaining 20%, where human intuition, creativity, and critical thinking come into play.

Redefining Roles: More Efficiency, Less Drudgery

The impact of AI on the workforce is a shift in roles rather than an elimination of human presence. The future of work is about harnessing AI’s ability to handle routine and repetitive tasks, freeing humans to engage in higher-level thinking within the cognitive domain. This shift promises increased efficiency, allowing individuals to focus on tasks that demand creativity, empathy, and complex problem-solving – areas where humans excel.

The Integrated Workplace: Remote and In-Office Collaboration

The future workplace is not constrained by a binary choice between all-remote or all-in-office structures. Instead, it embraces what I call the “Both/And concept,” where remote and in-office work coexist and complement each other. The COVID-19 pandemic accelerated the adoption of remote work, but rather than replacing in-office collaboration, it enhanced the need for a thoughtful integration of the two.

In this integrated workplace model, physical offices become hubs for communication, collaboration, and innovation – areas where human presence fosters the most value. At the same time, remote work opens doors to a global workforce, breaking geographical boundaries and offering access to diverse talents. The success of this model hinges on the strength and value of the integration between remote and in-office work, creating a synergy that surpasses the benefits of either approach in isolation.

The future of work, as I envision it, is a harmonious collaboration between humans and AI. AI serves as a powerful ally, liberating individuals from mundane tasks and enabling them to focus on tasks that demand creativity and critical thinking. The integrated workplace, embracing both remote and in-office collaboration, emerges as the hallmark of this future. As organizations adapt to this new paradigm, the true magic lies not in the capabilities of AI alone but in the symbiotic relationship between human ingenuity and the tools that amplify it.

Posted On Tuesday, 13 February 2024 00:00 Written by
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Homebuyer Demand Index is ticking up as the spring home-selling season draws nearer. That hasn’t yet converted to a meaningful improvement in pending sales–but Redfin agents expect it will in the next few months.

Redfin’s Homebuyer Demand Index—a measure of requests for tours and other buying services from Redfin agents—rose 6% from a week earlier during the week ending January 28, according to a new report from Redfin (, the technology-powered real estate brokerage. An additional measure of showings also signals tours have ticked up over the last week.

More buyers are touring homes because mortgage rates are holding steady below 7%, down from 8% this past October, and some buyers are worried prices will increase more if they wait longer. Sale prices rose 5.5% year over year during the four weeks ending January 28, the biggest increase in over a year.

But that earliest-stage demand hasn’t yet translated into home sales. Mortgage-purchase applications declined from a week earlier and pending sales posted their biggest year-over-year decline in four months, likely reflecting tepid early-stage demand during the middle of January. Home tours and other actions buyers typically take before applying for a mortgage was lower than expected in mid-January as daily average mortgage rates inched up from their December low point and severe weather kept many would-be buyers at home.

Redfin agents expect the increase in tours to convert into an improvement in pending sales over the next few months. That’s partly because of typical seasonality: Home listings and sales usually pick up as spring approaches.

“I thought declining mortgage rates and more inventory would cause the market to take off right at the start of the new year. But even though demand has picked up some, I’m not wowed,” said Hal Bennett, a Redfin Premier agent in the Seattle area. “Now I believe this year’s market will launch in the spring, once 6% rates are even more entrenched in buyers’ psyches and more homeowners list their houses.”

This week’s economic news suggests that mortgage rates are unlikely to meaningfully fall in the next few months. At its press conference on January 31, the Fed signaled they’re unlikely to cut interest rates in March, which will probably keep mortgage rates elevated near their current level into the spring, though Redfin economists still expect them to gradually decline by the end of the year.

Leading indicators

Indicators of homebuying demand and activity


Value (if applicable)

Recent change

Year-over-year change


Daily average 30-year fixed mortgage rate

6.75% (Jan. 31)

Down from 6.95% a week earlier

Up from 6.17%

Mortgage News Daily

Weekly average 30-year fixed mortgage rate

6.69% (week ending Jan. 25)

Up from 6.6% a week earlier, but near lowest level since May

Up from 6.13%

Freddie Mac

Mortgage-purchase applications (seasonally adjusted)


Down 11% from a week earlier; up 10% from a month earlier (as of week ending Jan. 26)

Down 20%

Mortgage Bankers Association

Redfin Homebuyer Demand Index (seasonally adjusted)


Down 3% from a month earlier (as of week ending Jan. 28)

Down 17%

Redfin Homebuyer Demand Index, a measure of requests for tours and other homebuying services from Redfin agents

Google searches for “home for sale”


Up 25% from a month earlier (as of Jan. 27)

Down 16%

Google Trends

Touring activity


Up 9% from the start of the year (as of Jan. 30)

At this time last year, it was up 5% from the start of 2023

ShowingTime, a home touring technology company

Key housing-market data

U.S. highlights: Four weeks ending January 28, 2024

Redfin’s national metrics include data from 400+ U.S. metro areas, and is based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision.


Four weeks ending
January 28, 2024



Median sale price



Biggest increase since Oct. 2022

Median asking price



Biggest increase since Sept. 2022

Median monthly mortgage payment

$2,595 at a 6.69% mortgage rate


Down roughly $120 from all-time high set in October 2023, but up roughly $250 from the four weeks ending Dec. 31

Pending sales



Biggest decline since October 2023

New listings




Active listings




Months of supply

4.8 months

+0.2 pts.

4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions

Share of homes off market in two weeks


Up from 29%


Median days on market


-2 days


Share of homes sold above list price


Up from 21%


Share of homes with a price drop


+0.3 pts.


Average sale-to-list price ratio


+0.5 pts.


Metro-level highlights: Four weeks ending January 28, 2024

Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.


Metros with biggest year-over-year increases

Metros with biggest year-over-year decreases


Median sale price

Anaheim, CA (15.6%)

Miami (14.7%)

New Brunswick, NJ (13.3%)

West Palm Beach, FL (12.9%)

Detroit (11.8%)

Austin, TX (-5.6%)

San Antonio, TX (-2.1%)

Declined in 2 metros

Pending sales

San Francisco (11.5%)

San Jose, CA (10.9%)

Anaheim, CA (1.7%)

Portland, OR (-31.2%)

San Antonio, TX (-31%)

Denver (-30.6%)

Nashville, TN (-18.7%)

New Brunswick, NJ (-17.6%)

Increased in 3 metros

New listings

Fort Lauderdale, FL (26.5%)

Phoenix (23.1%)

San Diego, CA (22.6%)

Miami (22.3%)

Minneapolis, MN (19.9%)

Denver (-20.8%)

Chicago (-18.7%)

Atlanta (-15.9%)

Portland, OR (-10.5%)

Nashville, TN (-9.8%)

Declined in 16 metros

To view the full report, including charts, please visit:


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