WPJ News | World Property Journal: The leading online source for Real Estate News

Welcome to World Property Journal news, the online news authority for Real Estate News and stories. WPC features original News about Real Estate and Real Estate articles from topics ranging from Real Estate Market news, Real Estate Financial News and local property market news. Learn More about WPC

WPC provides timely, accurate and unique real estate news stories and content to readers in the USA, in multiple languages and across every continent.

Find Real Estate News stories on your mobile device by downloading our Real Estate News App.

Despite Coronavirus, U.S. Home Price Growth Accelerated in June

Despite Coronavirus, U.S. Home Price Growth Accelerated in June

Based on CoreLogic's latest Home Price Index for June, U.S. home prices increased by 4.9% in June 2020, compared with June 2019. Month over month, home prices increased 1%, compared with May of this year, the fastest monthly gain for the month of June since 2013. Read More »


Mortgage Loans in Forbearance Decreases to 7.67 Percent in U.S.

Mortgage Loans in Forbearance Decreases to 7.67 Percent in U.S.

The total number of loans now in forbearance decreased by 7 basis points from 7.74% of servicers' portfolio volume in the prior week to 7.67% as of July 26, 2020. Read More »

Global Commercial Property Investment Plummets 57 Percent in Q2

Global Commercial Property Investment Plummets 57 Percent in Q2

Much weaker commercial real estate investment volumes in the second quarter of 2020 reflect the impact of lockdown measures and border controls enacted to combat the COVID-19 crisis. Read More »

U.S. Condo Prices Dip in June, Sales Down 31 Percent Annually from Coronavirus

U.S. Condo Prices Dip in June, Sales Down 31 Percent Annually from Coronavirus

Redfin is reporting this week that condo sale prices in the U.S. dropped 1.4% year over year to a median of $252,000 in June 2020. Read More »


Luxury Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »


Last Updated August 4, 2020 9:00 AM ET

Asia Pacific Real Estate News

Grandoff has more than seven years of industry experience as a Broker-Associate with both JLL and KW Commercial.

Residential sales are anticipated to fall sharply in the short run, as new projects slated for sales will likely be postponed when the third wave of COVID-19 continues to hit the city.

Record low 165,530 U.S. foreclosure filing recorded in first half of 2020, as 13 million evictions loom later this year. Down 44 percent from the same time period a year ago.

Ample liquidity and a low-interest environment has continued to support investments in the commercial property sector in Q2 2020.

Pending home sales continued to ascend in June, 2020 sustaining two consecutive months of increases in contract activity. Each of the four major regions experienced growth in month-over-month pending home sales.

According to New York-based Rudder Property Group's biannual office condominium report for the first half of 2020, Manhattan office condo sales significantly declined in the first half of 2020, as sales prices dipped.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 24, 2020, U.S. mortgage applications decreased 0.8 percent from one week earlier.

The global economy has been badly hit by the COVID-19 pandemic as it hindered economic activities and travels between countries.

The total number of loans now in forbearance decreased by 6 basis points from 7.80% of servicers' portfolio volume in the prior week to 7.74% as of July 19, 2020.

According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. rose to their highest level since the Great Recession.

Florida Realtors are reporting that the sunshine state's housing market showed positive signs of recovery despite the continuing coronavirus pandemic in June 2020.

Global property consultant CBRE is reporting that the amount of office space offered for sublease in the 10 largest U.S. office markets has increased by 12 percent since the COVID-19 pandemic forced a shutdown of local economies in March 2020.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged 3.01 percent in mid-July 2020. The most recent consumer spending data has been pointing to slow growth since mid-June.

Miami-Dade County median home prices increased year-over-year in June 2020 as home sales continued trending upward despite the global COVID-19 situation.

According to the National Association of Realtors, existing-home sales rebounded at a record pace in June 2020, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic.

While early signs of the impact of the Covid-19 pandemic on rental prices were already noticeable in the first quarter of 2020, the effects of the travel ban, which was valid from mid-March, are now fully visible.

The total number of U.S. loans now in forbearance decreased by 38 basis points from 8.18% of servicers' portfolio volume in the prior week to 7.80% as of July 12, 2020.

Global property consultant JLL is reporting this week that the full impact of the COVID-19 pandemic was felt deeper in Asia Pacific real estate markets in the second quarter of 2020 than the previous quarter.

In early 2020, in the months leading up to the coronavirus (COVID-19) pandemic and resulting economic crisis, rent price growth had stabilized at an annual average of 3%. However, growth dramatically slowed in May.

According to a new report by the U.S. Housing and Urban Development and Commerce Department, led by solid single-family production, total housing starts increased 17.3 percent in June 2020 to a seasonally adjusted annual rate of 1.19 million units.

×
WORLD PROPERTY JOURNAL
 
Free Weekly Newsletter
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO