Merriam -Webster determines 2024 word of the year – AUTHENTIC! With no surprise, are people looking and craving authenticity within this world where we keep leveraging technology. However, with the use of more technology in the next year, how do we strike a balance between leveraging technology and maintaining authenticity? How do we give residents…
Coming out of the pandemic, the multifamily industry enjoyed an era of unprecedented rent growth. But the set it and forget it window has decidedly closed. With the rental housing now mired in a period of slow to stagnant rent growth, according to a recent Multi-Housing News report, operators are now forced to look outside…
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The Fed indicated yesterday that they will hold the Fed Funds Rate steady for now and cut rates three times in 2024; NAR forecasts that mortgage interest rates will average 6.3% in 2024.
Hear what NAR’s Chief Economist Lawrence Yun is predicting for the residential and commercial markets in the coming year
The total number of housing units increased from 264.9 million units in 2012 to 287.5 million units in 2022.
Annual median home prices are expected to remain largely unchanged at the national level in 2024, for the second straight year, modestly improving affordability from rising income.
