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How to Generate Listings Despite a Tight Housing Supply

USA Real Estate News-RISMedia - Thu, 2022-06-23 14:04

The lull in available homes for sale continued to be the crux of many of the challenges plaguing buyers and real estate professionals alike.

Despite gradual growth in the housing stock, agents and brokers argue that it’s not enough to account for the deficit that has been brewing for a decade now.

Mortgage Rates Continue to Rise

USA Real Estate News-RISMedia - Thu, 2022-06-23 14:03

They’re still going up. The 30-year fixed-rate mortgage (FRM) averaged 5.81% this week, up from 5.78% last week, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday.

Key points:

Mortgage Applications Increase Amid Ongoing Rate Hikes

USA Real Estate News-RISMedia - Thu, 2022-06-23 14:02

Despite rising mortgage rates, mortgage applications increased 4.2% from one week earlier, according to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 17, 2022.

Here are the key points from the survey:

Sky-High Rental Prices Surpass Pre-COVID Levels by More than 25%

USA Real Estate News-RISMedia - Thu, 2022-06-23 14:01

The median rental price hit its latest new high of $1,849 per month in May, representing a 26.6% increase since 2019 before the pandemic began, according to the latest realtor.com® Monthly Rental Report, released this week.

While May marked the 10th straight month of double-digit annual growth in national rents, the increase was the smallest since September 2021, offering renters a glimpse of a light at the end of the tunnel, realtor.com® said.

More key findings:

LeadingRE Adds Hemlane to Solutions Group Program

USA Real Estate News-RISMedia - Thu, 2022-06-23 14:00

Leading Real Estate Companies of the World® has announced that it has added Hemlane to its Solutions Group program of preferred business resources for its global network of 550 market-leading real estate firms. Hemlane’s property management platform allows real estate brokers and teams to offer full rental lifecycle services, avoiding traditional barriers and risks, according to a release.

Shut the front door! This 1 design choice can net sellers $6,500 more

USA Real Estate News-Inman - Thu, 2022-06-23 12:55
Homebuyers love bold neutrals on front doors, while they eschew unorthodox shades like pink and cement grey, according to survey results released Thursday by Zillow.

Brown Harris Stevens appoints property management director

USA Real Estate News-Inman - Thu, 2022-06-23 12:45
The New York City-based brokerage has named Richard Horovitz as its residential property management division's senior vice president and director of residential property management.

Experts share how building community can build your business

USA Real Estate News-Inman - Thu, 2022-06-23 12:23
Helping to create community can help build the business pipeline, experts said at Inman Connect Now. But real estate professionals should approach it from a place of genuine generosity.
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