Month: August 2024

Connectivity For the Win: High-Speed Internet and Reliable Cell Reception Are Top Priorities

In today’s vast digital landscape and fast-paced environment, reliable WiFi connectivity has become more than just a convenience – it is now a necessity. Year over year, reliable connectivity continues to move up the ladder as a top priority for residents. The 2024 NMHC and Grace Hill Renter Preferences Survey has identified this as a…
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The Psychology of Perceived Value through Brand Development

Brand development in the multifamily market is the first step for the attention, engagement, and loyalty of your current residents and prospects. Brand reputation can create demand for units, while brand experience can keep your residents renewing. But can you leverage brand development to raise the rent? How can you help boost your community’s per…

Instant Reaction: Mortgage Rates, August 15, 2024

The 30-year fixed mortgage rate from Freddie Mac remained essentially flat at 6.49% this week compared to 6.47% last week.

Fresh Faces, New Perspectives: Diversity Among New REALTORS® in 2024

A notable highlight of the findings in the 2024 NAR Member Profile is that new NAR members are more diverse than their experienced counterparts.

Instant Reaction: CPI, August 14, 2024

Inflation is calmer, thereby setting the Fed Reserve up to start the rate-cutting process in September.

Single-Family Home Prices Had Positive Price Gains in 89% of 223 Metro Areas in Q2 2024

Knowing the mortgage rates and the qualifying incomes for down payments will help potential homeowners find the metro areas they can afford.

Mortgage Rates Decline, but Median Home Prices Rise in June 2024

The monthly mortgage payment increased by 1.0% compared to the prior month, while the median price of single-family homes increased by 2.4%.