World Property Journal
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The World Property Journal ("THE WPJ") is in the real estate news and information business -- on a global scale. With millions of worldwide online readership that is often quoted by other mass news media outlets, THE WPJ is currently the #1 ranked International Real Estate News site in the world by Google and top-ranked in over 50+ local Countries.
World Property Journal
6d 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
World Property Journal
6d ago
This past week, the average daily mortgage rate climbed to over 7.4%, marking its highest point since last November 2023, influenced by an unexpectedly high inflation report and confirmation from the Federal Reserve that interest rate reductions would be postponed ..read more
World Property Journal
6d ago
In March 2024, housing starts declined by 14.7% to a seasonally adjusted annual rate of 1.32 million units, influenced by higher-than-anticipated interest rates and persistent inflation, as reported by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau ..read more
World Property Journal
6d ago
In 2023, total commercial real estate mortgage borrowing and lending was estimated at $429 billion, marking a 47 percent decline from $816 billion in 2022, and a 52 percent fall from the record high of $891 billion in 2021 ..read more
World Property Journal
3w 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
World Property Journal
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
World Property Journal
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
World Property Journal
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
World Property Journal
1M ago
Based on new data from Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent ..read more
World Property Journal
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