From REALTOR® Magazine <[email protected]>
Subject Mortgage Demand Plummets to 22-Year Low
Date June 9, 2022 7:39 PM
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Housing demand is slowing as mortgage rates climb and more buyers are priced out

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National Association of REALTORS®
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June 9, 2022


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Mortgage Demand Hits 22-Year Low
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“The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months,” an economist says.


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Recent Buyers Boost Spending on Remodeling, Furnishings   
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Builder report shows home purchases boost the economy, triggering significant spending, regardless of whether the home is new or existing.


Second-Home Hot Spots Become Rental Hubs
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Average rental prices in popular second-home markets have climbed 17% year over year, compared to 10% in other markets.


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Check Its Tornado Risk Faster Than It Takes to Click Your Heels – Get detailed hazard risks on any property in the U.S. in two seconds. First 5 Advanced Reports Free! [link removed]


Freddie, Fannie Plan Addresses Racial Disparities in Homeownership      
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The Equitable Housing Finance Plan tackles barriers experienced by renters, aspiring home buyers and homeowners, particularly in Black and Latino communities.


Realtor.com® Acquires Agent Matching Platform       
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Move Inc., the operator of realtor.com®, is acquiring UpNest to help home buyers or sellers compare agents and select the best match for them.


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Webinar to Help REALTORS® Strengthen Their Financial Readiness

Learn about inflation, interest rates and investment behavior when you register for an upcoming webinar, Personal Finance: Lessons From the Pandemic and How They Could Help Strengthen Your Financial Future on June 15 at 1pm CT. Act now!
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We Recommend


6 Ways to Promote Homeownership
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NAR unveils a new landing page for National Homeownership Month that includes policy initiatives, research, and resources focused on expanding homeownership.


On the Minds of Brokers: Taking Care of Agents
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The highly competitive market has taken a toll. Learn how brokers are stepping up for their agents by offering mental health services, financial literacy, and more.


Prepare Homeowners for Spring Flood Damage
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Spring showers may bring flowers, but they also might cause flooding in basements, crawl spaces, and weakened foundations. Help homeowners prevent these problems.


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Stand out from your competition online and start more conversations with qualified leads. Get your .realestate web address and Free Professional Website today at www.get.realestate
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From Our Blogs


STYLED, STAGED & SOLD

A Modern Twist on Grandmillennial Style
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“Old” is becoming “new” again in home design.


YPN LOUNGE

YPN’s Presence is Stronger Than Ever
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This year’s YPN Advisory Board session at the annual REALTORS® Legislative Meetings was standing room only as board members discussed the strides the network has made in the areas of advocacy, growth, brand, and events.


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Show up in droves to display your REALTOR® spirit! Join in on the 2022 REALTOR® Volunteer Days the week of June 4- 12, to volunteer and be a part of our collective force for good.
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