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Property Listings

• World Property Markets, World Property Media to Commence Industry Joint-Venture Funding Rounds in 2025
  Michael Gerrity, founder of Miami-based real estate technology developer World Property Ventures, announced this week two of its wholly owned subsidiary companies, World Property Markets and World Property Media, are each set to launch significant joint-venture funding rounds in early 2025 in partnership with the global property industry itself.
  WPJ Staff
• Holiday Retail Sales for 2024 to Hit Record $1 Trillion
  Global property consultant CBRE reports that U.S. retailers are adopting strategies to make in-store returns more convenient, encouraging customers to return online purchases to physical locations instead of through the mail. This shift helps retailers reduce return-related costs and boosts in-store foot traffic, creating opportunities to drive additional sales.
  Michael Gerrity
• New Home Sales Hit 2 Year Low in America
  The National Association of Home Builders (NAHB) reports that rising mortgage rates and persistent affordability challenges kept many potential homebuyers on the sidelines in October 2024.
  WPJ Staff
• U.S. Pending Home Sales Increase for Third Consecutive Month in October
  All four major U.S. regions experienced month-over-month gains in transactions, with the Northeast leading the way. Year-over-year, contract signings increased in all four U.S. regions, led by the West.
  WPJ Staff
• Pandemic-led Residential Rent Boom is Now Fizzling in the U.S.
  CoreLogic's latest Single-Family Rent Index Report (SFRI) examines changes in single-family rental prices both nationally and across major metropolitan areas. The report reveals a slowdown in rent growth across key U.S. metro areas that experienced population surges during the pandemic.
  Michael Gerrity
• Emerging Global Real Estate Streamer WPC TV Expands Video Programming Lineup
  Veteran media and real estate technology entrepreneur Michael Gerrity announced this week the expansion of his emerging direct-to-consumer global real estate streaming platform's video category offerings ahead of its anticipated 2025 launch.
  WPJ Staff
• 80 Million Americans to Hit the Road, Skies and Seas for 2024 Thanksgiving Holiday
  AAA estimates that 79.9 million people will travel 50 miles or more from home during the Thanksgiving holiday period. For the first time, the forecast includes the Tuesday before and the Monday after Thanksgiving Day, offering a more comprehensive view of holiday travel patterns.
  Michael Gerrity
• 1 in 5 Renters in America Entire Paycheck Used to Pay Monthly Rent in 2024
  According to new data from Redfin, over one in five U.S. renters (22%) report that all of their regular income is spent on rent in 2024.
  WPJ Staff
• U.S. Home Sales Jump 3.4 Percent in October
  Based on new data from the National Association of Realtors, existing-home sales rose in October 2024. Sales improved in all four major U.S. regions. Year-over-year, sales increased in three U.S. regions but were unchanged in the Northeast.
  WPJ Staff
• Home Buyers Negotiation Power Grows Amid Cooling U.S. Market
  U.S. homebuyers are finding more leverage in negotiations nationwide as competition eased in October 2024. The company's market heat index shows that conditions are gradually shifting toward a buyer's market as activity slows heading into winter.
  Michael Gerrity
• Canadian Home Sales Surge in October, Reaching a Two-Year High
  Based on new data from the Canadian Real Estate Association (CREA) shows a 7.7% month-over-month increase in home sales activity through Canadian MLS Systems in October 2024, marking the highest level since April 2022.
  Michael Gerrity
• Several Homes in Woodstock GA's Havencroft Can Close Before Year-End
  As 2024 winds down to a close, David Weekley Homes has good news for Woodstock, Georgia homebuyers who are ready to move.
  Author
• Greater Orlando Area Home Sales Continue to Slide in October
  According to new data from the Orlando Regional Realtor Association (ORRA), listings inventory for October 2024 totaled 11,357, marking a 1.8% decline from September's 11,560 listings.
  David Barley
• U.S. Mortgage Credit Availability Increased in October
  According to the Mortgage Credit Availability Index (MCAI) report by the Mortgage Bankers Association, which analyzes data from ICE Mortgage Technology, U.S. mortgage credit availability increased in October 2024.
  WPJ Staff
• U.S. Mortgage Rates Remain Stubbornly High Post Election, Rate Cuts
  Based on  Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 6.78 percent as of November 14, 2024.
  WPJ Staff