After Two Year Slump, Prime Multifamily Metrics Uptick in U.S.
World Property Journal » Dallas Real Estate News
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6d 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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Cost of Buying a Home Hits Record High as Mortgage Rates Jump in U.S.
World Property Journal » Dallas Real Estate News
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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
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U.S. Housing Starts Dive 14.7 Percent from High Interest Rates in March
World Property Journal » Dallas Real Estate News
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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
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Driven by High Rates, U.S. Commercial Lending Imploded 47 Percent in 2023
World Property Journal » Dallas Real Estate News
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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
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Commercial Co-Broker Commissions Not Affected by NAR-DOJ Settlement, Yet
World Property Journal » Dallas 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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Most U.S. Homebuyers in the Dark About Agent Commissions
World Property Journal » Dallas 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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NAR Agrees to Landmark $418 Million Settlement, Altering Commission Payments Forever
World Property Journal » Dallas 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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Majority of U.S. Voters Say Housing Affordability Affects Their Pick for President in 2024
World Property Journal » Dallas 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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Nonresidential Construction Spending in the U.S. Falls Sharply in January
World Property Journal » Dallas Real Estate News
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1M ago
According to the Associated Builders and Contractors analysis of data by the U.S. Census Bureau, national nonresidential construction spending decreased 0.4% in January 2024. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.190 trillion ..read more
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U.S. Mortgage Rates Continue to Rise for Fourth Consecutive Week
World Property Journal » Dallas Real Estate News
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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
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