Most Popular U.S. Home Remodeling Projects Revealed
World Property Journal » San Francisco Real Estate News
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5d ago
Based on the National Association of Home Builders newly released Remodelers Survey, results revealed that bathroom and kitchen remodels remain the most popular projects in 2024 ..read more
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U.S. Homeowner Equity Dips Again in Early 2024
World Property Journal » San Francisco Real Estate News
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5d ago
Based on data from ATTOM's newly released first-quarter 2024 U.S. Home Equity & Underwater Report, 45.8 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter ..read more
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U.S. Mortgage Rates Continue to Climb in Early May, Fifth Consecutive Week
World Property Journal » San Francisco Real Estate News
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5d ago
Based on the most recent survey from Freddie Mac's Primary Mortgage Market Survey, the average rate for a 30-year fixed-rate mortgage in the U.S. stood at 7.22 percent as of May 2, 2024 ..read more
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Manila is World's Top Housing Market for Price Appreciation in Early 2024
World Property Journal » San Francisco Real Estate News
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5d ago
According to global property consultant Knight Frank, the first quarter of 2024 witnessed an average annual growth rate of 4.1% across the 44 markets covered by the Knight Frank Prime Global Cities Index, marking the strongest rate of growth since Q3 2022 ..read more
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Automated Property Pricing Algorithms Bolster Price-Fixing Claims, Say DOJ
World Property Journal » San Francisco Real Estate News
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2w ago
On March 28, 2024, the Antitrust Division of the U.S. Department of Justice (DOJ) intervened for the third time recently, backing plaintiffs in class action lawsuits challenging defendants' utilization of pricing software ..read more
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U.S. Mortgage Rates Continue to Climb Above 7 Percent in Late April
World Property Journal » San Francisco Real Estate News
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2w ago
Based on Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage averaged 7.17 percent as of April 25, 2024 ..read more
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U.S. Home Price Appreciation Accelerated in February
World Property Journal » San Francisco Real Estate News
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2w ago
Like many economic metrics, the journey toward stabilizing the U.S. housing market is fraught with challenges. Although there has been a modest recovery in home sales and inventories from last year's lows, elevated mortgage rates continue to hamper affordability, deterring many potential buyers ..read more
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Commercial Co-Broker Commissions Not Affected by NAR-DOJ Settlement, Yet
World Property Journal » San Francisco Real Estate News
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3w 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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One in Five San Francisco Home Sellers Take a Loss on Their Sale in 2024
World Property Journal » San Francisco Real Estate News
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3w ago
Based on new data from Redfin, nearly one of five (17.8%) homes that sold in San Francisco during the three months of 2024 sold at a loss, which was the highest in 11 years ..read more
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Most U.S. Homebuyers in the Dark About Agent Commissions
World Property Journal » San Francisco Real Estate News
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3w 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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