Instant Reaction: Mortgage Rates, August 10, 2023
Mortgage rates continued climbing today to 6.96% from 6.90%.
Mortgage rates continued climbing today to 6.96% from 6.90%.
Median home prices rose by 8.5% in Q2 2023 compared to Q1, however, national median prices fell 2.4% year-over-year to $402,600.
Centralization, as we all know, is a hot topic in the multifamily industry. This conversation began a few years ago when a few public REITs began to talk about changes to their property staffing models. I, among others, initially believed that once centralization started, everyone else would follow. If a few companies were achieving superior…
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As more apartment communities modernize leasing and operations strategies with technology, a strong digital foundation has never been more essential to apartment development and operational processes. Nearly every facet of the apartment leasing and living experience is now enhanced by tech, but without the proper technology infrastructures and phys…
The apartment search process has morphed drastically, even over the last few years. It’s not enough to smile when a prospect walks through the door. Communities need to appeal to potential renters long before the tour takes place, and they need to embrace and strategically leverage a mix of digital platforms to reach their audience.…
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The 30-year fixed rate increased further this week to 6.96% from 6.81% last week, hitting the highest level in 8 months.
With a monthly mortgage payment increase of 3.7% and a 2.8% rise in the median price of single-family homes, qualifying for a home loan was more challenging for potential buyers in May 2023.
Wi-Fi has been an essential amenity at multifamily communities for years, but resident demands for their Wi-Fi service are changing. With an unprecedented percentage of people working remotely, renters now expect the same connection speeds, portability and reliability that they would enjoy at an office setting. Lapses, lag times and other issues th…
For multifamily rental property owners and managers, insurance claims are an integral part of safeguarding their investments and ensuring the well-being of residents. However, the process of filing and settling insurance claims can often be complex and time-consuming. Property owners and managers strive to streamline and tighten the claims process …
Mortgage rates fell for the second straight week, with the average rate on a 30-year fixed mortgage ticked down to 6.69% from 6.71% the previous week.