Rising mortgage rates—and subsequently the widening affordability gap—have sent ripples throughout the housing market that the National Association of REALTORS® (NAR) suggests have kept existing home sales on a downward track in May.
If real estate professionals are starting to see more apprehension among buyers in their respective markets, it’s not without reason. According to recent data released by Zillow, buyer demand has retracted in recent months in response to the record-low affordability in the market.
Real estate technology firm MooveGuru has hired 10 more employees to support its plans for expansion. This represents a 20% growth in staff size. Based in Roswell, Georgia, the firm has hired both in its home state and outside, recruiting from Colorado, Illinois, and Utah. This growth comes on the heels of last month’s announcement of franchise partnerships in 26 additional states.