Mortgage Rates Hold Steady Below 6.5% – What This Means for Homebuyers
As of early September 2024, mortgage rates continue to hover just under 6.5%, offering a glimpse of stability in what has been a volatile market. This rate stability is crucial for prospective homebuyers navigating an environment of high home prices and inflationary pressures. For buyers, rates below 6.5% may provide an opportunity to lock in […]
Converting Commercial Properties into Residential/Mixed Use
Bi-Partisan Revitalizing Downtowns and Main Streets Act introduced in U.S. House The United States is facing a critical housing shortage, with demand for affordable housing far outstripping supply in many regions. At the same time, the commercial real estate sector is grappling with lingering effects from the COVID-19 pandemic. Vacant office spaces and underutilized commercial […]
Accelerating Housing Supply: Insights from the Supply Accelerator Playbook
The housing market has long been a complex and multifaceted domain, often beset by challenges such as affordability, accessibility, and supply shortages. Recognizing these issues, the National Association of REALTORS® has developed a comprehensive guide to address these concerns: the Supply Accelerator Playbook This resource provides strategic insights and actionable steps to enhance housing supply […]
Revitalizing Abandoned Malls for Housing
Converting commercially zoned real estate to residential property is not a…
Are millennials taking over the housing market?
Millennials have finally surpassed baby boomers and become the largest group of homebuyers in the U.S. This marks a…
