Category: News

Instant Reaction: Mortgage Rates, May 12, 2022

After last week’s surge, the 30-year fixed mortgage rate rose slightly to 5.30% from 5.27% the previous week. Unyielding inflation and the Fed’s tightening policy seem to be the main drivers of today’s mortgage rates.

What are you doing to nourish creativity in your workplace?

Creativity cannot be forced, but it can always be fostered. It all comes down to how you, as a company, can nurture creativity within the environment that surrounds you. Fostering innovation is a big challenge for companies, most often trying to use the physical office space to help make the workplace more creative, when more…
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Give me all the Trims!

Have you noticed a big shift in tile projects? From backsplashes to shower walls we are seeing nearly seamless trims. It is so sleek! (Bullnose is good. Don’t get me wrong. We go way waaaaaaay back. We are not breaking up! Okay?)   But I do spy a trend though of clean edges that don’t detract…
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Commercial Weekly: Modest Rent Differences and Rising Construction Cost are Headwinds for Office-to-Residential Conversions in Major Metro Areas

The conversion of vacant office space for residential use faces hurdles from rising rental and construction costs.

Instant Reaction: Mortgage Rates, April 14, 2022

Mortgage rates surged to 5% for the first time in over a decade (since February 2011). Elevated inflation continues to push up mortgage rates.

Rising Inflation Means Homebuyers Will Be Looking for Homes That Are $40,000 Cheaper

With inflation running this high, the average consumer is spending $500 more compared to one year ago, or $6,132 annually.

Housing Affordability Declines in February

At the national level, housing affordability fell in February compared to the previous month according to NAR’s Housing Affordability Index.

Maintenance Success Despite Labor Shortages

The property management industry is seeing unprecedented levels of labor shortages of maintenance personnel during a time when the need for maintenance services has never been higher.  How does an organization provide a high level of service when there are so few maintenance personnel available? The answer is innovation and adaption; ubiquitous mobile technology and…
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Technology is Now Doing the Heavy Lifting in Leasing

Onsite associates have a full plate when it comes to their day-to-day duties, and nearly every associate has experienced the tedious, time-consuming tasks involved with the leasing process. But with a rapid influx of modern tech tools available for onsite associates, the leasing of today is more streamlined than ever before.  Tech integrations are taking…
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Distribution of Housing Wealth Across Income Groups from 2010–2020

High-income homeowners accounted for 71% of increase in value of owner-occupied housing from 2010 through 2020.