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Buyer demand has been strong enough to keep the market moving at a record pace, even after a massive spike in mortgage rates—a pattern that shows the housing market is as competitive as ever despite headwinds, according to the latest Zillow® Real Estate Market Report.

Confidence in the market for new multifamily housing turned downward in the first quarter of 2022, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB) this week.

The MMS produces two separate indices. The Multifamily Production Index (MPI) decreased six points to 48 compared to the previous quarter, dipping below the break-even mark of 50 for the first time in three quarters. The Multifamily Occupancy Index (MOI) inched down one point to 68, the survey showed.

Berkshire Hathaway HomeServices Florida Network Realty has announced its next “Mega Open House Weekend” will be Saturday and Sunday, June 4-5.

The Mega Open House Weekend features dozens of open house viewings of the company’s listings of available homes. The listings encompass homes in a wide range of prices, styles and neighborhoods throughout Northeast Florida, the company stated.