Most U.S. Homebuyers in the Dark About Agent Commissions
World Property Journal » Tampa Real Estate News
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1w ago
According to recent data from national property broker Redfin, a significant portion of U.S. homebuyers are in the dark about their real estate agent's compensation: 28% are unaware of the payment amount, 17% do not know how this figure was determined, and 19% are uncertain about who actually pays their agent ..read more
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Commercial Co-Broker Commissions Not Affected by NAR-DOJ Settlement, Yet
World Property Journal » Tampa Real Estate News
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1w ago
Following the groundbreaking agreement between the National Association of Realtors (NAR) and the Department of Justice on March 15, 2024, the real estate sector is abuzz with discussions about the potential effects on the future of commercial co-broker fees and payment methods ..read more
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After Two Year Slump, Prime Multifamily Metrics Uptick in U.S.
World Property Journal » Tampa Real Estate News
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1w ago
Recent research from CBRE indicates that prime multifamily assets have seen a slight improvement in going-in cap rates, exit cap rates, and unlevered internal rate of return (IRR) targets in Q1, 2024 ..read more
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U.S. Pending Home Sales Down 7 Percent Annually in February
World Property Journal » Tampa Real Estate News
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2w ago
According to the National Association of Realtors, pending U.S. home sales in February 2024 grew 1.6% month-over-month from January 2024. The Midwest and South posted monthly gains in transactions while the Northeast and West recorded losses. All four U.S. regions registered year-over-year decreases ..read more
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Shrinkflation Hitting U.S. Homebuilder industry as Affordability Challenges Remain
World Property Journal » Tampa Real Estate News
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2w ago
As April heralds New Homes Month, the housing industry witnesses a trend towards smaller dwellings, aligning with buyer preferences and striving to make homeownership more accessible to families aspiring to buy a home this year ..read more
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Majority of U.S. Voters Say Housing Affordability Affects Their Pick for President in 2024
World Property Journal » Tampa Real Estate News
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1M ago
Based on new research by national property broker Redfin, more than half (53.2%) of U.S. homeowners and renters say housing affordability is impacting who they plan to vote for in the upcoming 2024 presidential election ..read more
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U.S. Commercial, Multifamily Mortgage Delinquency Rates Uptick in Q4
World Property Journal » Tampa Real Estate News
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1M ago
According to the Mortgage Bankers Association's latest Commercial Delinquency Report, U.S. commercial mortgage delinquencies increased in the fourth quarter of 2023 ..read more
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NAR Agrees to Landmark $418 Million Settlement, Altering Commission Payments Forever
World Property Journal » Tampa Real Estate News
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1M ago
Based on a press release March 15, 2024, the National Association of Realtors reached an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions ..read more
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High Mortgage Rates in February Slow New Home Sales in America
World Property Journal » Tampa Real Estate News
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1M ago
According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, a small rise in U.S. mortgage rates in February 2024 led to sales of newly built, single-family homes to edge down 0.3% to a 662,000 seasonally adjusted annual rate ..read more
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Exploding AI Growth Driving Up Data Center Use and Asset Prices in U.S.
World Property Journal » Tampa Real Estate News
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1M ago
According to CBRE's latest North American Data Center Trend Report, North American data center pricing approached record levels in 2023, influenced both by strong demand and power constraints that limit how much new capacity can be brought online ..read more
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