Instant Reaction: Mortgage Rates, September 24, 2020
The 30-year fixed-rate mortgage rose to average 2.90% this week from 2.87% the prior week. However, mortgage rates remain near record lows, below 3%.
The 30-year fixed-rate mortgage rose to average 2.90% this week from 2.87% the prior week. However, mortgage rates remain near record lows, below 3%.
More than six months into the health and economic crisis, most operators and revenue managers have been focusing on finding ways to defend rents. While this energy and time spent to combat declines as high as (in some urban high-rise even higher than) 10-15% are well worth it, we thought we’d take some time and…
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BETHESDA, MD – Walker & Dunlop, Inc. announced that it structured $87,429,870 in Fannie Mae financing on behalf of The PRC Group, a repeat client and mission-driven regional real estate owner and developer headquartered in Red Bank, New Jersey. The portfolio includes Brighton Arms Apartments, located in Neptune City, New Jersey, Grandville Towers, located in…
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August 2020 U.S. showings were up 20% over this time last year and represent the largest year-over-year increase in Sentrilock® showings since October 2017.
The pandemic has adversely affected both renters and personnel working in the multifamily industry. In a recent survey exploring team morale, J Turner Research found a 24% differential between the onsite teams and executives’ rating of their satisfaction with their company’s handling of the pandemic. The onsite teams were asked what their company could…
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HAMILTON, NJ – Total construction starts rose 19% in August to a seasonally adjusted annual rate of $793.3 billion. Gains were seen in all three major building sectors: nonresidential building starts rose 16% and residential building climbed 12%, while nonbuilding construction jumped 40% over the month. While large projects certainly influenced the August gains, removing…
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Housing market activity this August rose 2.4% from July 2020, reaching a 6.00 million seasonally adjusted annual rate. August’s sales of existing homes jumped 10.5% from August 2019.
Alright, let’s talk long-term changes. I know long-term anything is really difficult to think about right now because a lot of us in this industry are trying to figure out how we’re going to survive the rest of 2020. But that’s what we thought back in March when COVID-19 launched itself into our lives and…
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Unemployment Claims at Lowest Level of the Pandemic New jobless claims totaled 790,021 in the week ending September 12, a decrease of nearly 9% from the previous week. By: Nadia Evangelou
August represents the second month of increasing nationwide foot traffic, with home showings for three of the four regions seeing increases in year-over-year activity, according to data from SentriLock®, LLC, a lockbox company.