Consistent economic growth and demographic trends sustained multifamily demand at the start of the third quarter, according to the latest Yardi® Matrix National Multifamily Report. Yardi stated that the average U.S. publicly advertised rent or “asking rent” rose 0.8% year-over-year through July, or $4 to $1,743. The national occupancy rate in June remained at 94.6… The post Rent Growth Picked Up in...
7 August 2024
Fannie Mae has released its latest Home Purchase Sentiment Index® (HPSI), tracking changes in consumer attitude over the month of July 2024. That month, the index decreased 1.1% to 71.5, suggesting an overall lack of enthusiasm. Changes in consumer responses are minute but indicative of a negative trend. Key details: 17% of respondents said that… The post Fannie Mae Update Says Potential Homebuyers are...
Corporate quarterly reports, unless they include dramatic swings in earnings, are often same-old, same-old. However, when the industry is in a state of flux, as is the case with residential real estate, often the comments made by the leading executives are more telling than the numbers. That was the case with Redfin on Aug. 6,… The post Redfin CEO Alarmed at Pace of 2024 Home Sales; Earnings Tread Water...
With just over a week before the changes agreed to by the National Association of REALTORS® (NAR) in its lawsuit settlement go into effect, the Consumer Federation of America (CFA), a non-profit that has been sharply critical of the real estate industry, released guidance aimed at consumers ostensibly meant to help buyers and sellers through… The post Consumer Advocate Group Highlights ‘Opportunities...
Mortgage applications increased 6.9% from one week earlier, reaching the highest volume seen since January of this year, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 2, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 6.9% on a… The post Mortgage Applications Reach...
Professions in America have almost always evolved over time. Technology, trends and many other details and aspects of the working life have caused changes, with the progress both good and bad, depending on one’s point of view. For REALTORSⓡ, the recent past has seen their jobs become not just often more difficult but for many… The post Have Agents’ Jobs Become Harder? Views Vary on New Normal vs....
A major part of a residential real estate agent’s job is providing information and guidance to buyer clients that help them in all kinds of ways. Of course most of it has to do with the purchase process itself, but there are other insights to impart. One of the most important concerns is their safety… The post 4 Things Buyers Should Consider to Improve Home Security After Closing appeared first on...
Real estate firms of all shapes and sizes are under the microscope in today’s litigious real estate environment, making risk mitigation more important (and more complex) than ever. A panel of brokerage, MLS and legal experts will reveal where the biggest risks lie and how to prevent your firm from coming under fire in this… The post Avoiding Legal Landmines: Safeguarding Your Business in Litigious...