Automated Property Pricing Algorithms Bolster Price-Fixing Claims, Say DOJ
World Property Journal » San Francisco Real Estate News
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3d 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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3d 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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3d 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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2w 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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2w 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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2w 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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After Two Year Slump, Prime Multifamily Metrics Uptick in U.S.
World Property Journal » San Francisco Real Estate News
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2w 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 » San Francisco Real Estate News
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3w 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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Super Luxury Home Sales Spike 11 Percent Worldwide in Q4
World Property Journal » San Francisco Real Estate News
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1M ago
Based on new data from international property consultant Knight Frank, global super-prime ($10m+) residential sales rose 11% in Q4 2023 on a year-on-year basis. There were 411 sales across the 12 markets covered in the three months to December compared to 370 in the same period in 2022 ..read more
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California Home Sales Uptick in February
World Property Journal » San Francisco Real Estate News
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1M ago
Based on new data from the California Association of Realtors, despite a recent uptick in mortgage rates, California's housing market continued to demonstrate resilience in February 2024, reaching sales levels not seen since September 2022 ..read more
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