With mortgage rates at their lowest March level in years, home sales surged last month, new industry data shows. Processing Content March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax’s latest national housing report. Sales were up 3.4% compared to last year. “March’s increase in sales […]
Home sales soared in March before rates climbed back up Read More »
Pending sales of previously owned US homes climbed for a second month in March as a pickup in inventory helped mitigate higher borrowing costs. Processing Content An index of contract signings increased by 1.5% to a four-month high of 73.7, according to National Association of Realtors data released Tuesday. The median forecast of economists surveyed
Pending home sales climbed in March on improving supply Read More »
Costs are climbing faster than many operators expected, and teams are actively trying to figure out how to keep up without creating new problems in the process. The Federal Reserve Bank of Minneapolis found that more than half of all operating expense (OpEx) inflation since 2020 ties back to property insurance, with premiums roughly doubling
Why cost discipline is replacing cost cutting in apartment operations Read More »