Commercial Co-Broker Commissions Not Affected by NAR-DOJ Settlement, Yet
World Property Journal » Dallas 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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Most U.S. Homebuyers in the Dark About Agent Commissions
World Property Journal » Dallas 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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NAR Agrees to Landmark $418 Million Settlement, Altering Commission Payments Forever
World Property Journal » Dallas Real Estate News
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3w 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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Exploding AI Growth Driving Up Data Center Use and Asset Prices in U.S.
World Property Journal » Dallas 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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Commercial Mortgage Lending in U.S. Shows Signs of Stabilization in Late 2023
World Property Journal » Dallas Real Estate News
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1M ago
According to new data from CBRE, commercial real estate lending in the U.S. demonstrated signs of stabilization at the end of 2023, with borrowing costs appearing to have peaked, even as transaction activity remains subdued ..read more
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Record High Multifamily Construction Deliveries Drive Vacancy Rates Higher
World Property Journal » Dallas Real Estate News
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2M ago
According to CBRE's latest research, the U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth ..read more
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U.S. Home Equity Continues to Dip in Q4
World Property Journal » Dallas Real Estate News
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2M ago
46.1 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values ..read more
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