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.

428,000 Property Foreclosures in U.S. in First Half of 2017, Down 20 Percent Annually

428,000 Property Foreclosures in U.S. in First Half of 2017, Down 20 Percent Annually

A total of 428,400 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- in the first six months of 2017 Read More »

New Home Purchase Mortgage Applications in U.S. Increase 5.1 Percent Annually

New Home Purchase Mortgage Applications in U.S. Increase 5.1 Percent Annually

U.S. mortgage applications for new home purchases increased 5.1 percent compared to July 2016. Compared to June 2017, applications decreased by 12 percent. This change does not include any adjustment for typical seasonal patterns. Read More »

Loan Delinquency Rates in U.S. Lowest in Nearly a Decade

Loan Delinquency Rates in U.S. Lowest in Nearly a Decade

Nationally, 4.5 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in May 2017. This represents a 0.8 percentage point decline in the overall delinquency rate compared with May 2016 when it was 5.3 percent. Read More »

346 New $1 Million Neighborhoods Formed in U.S. Since 2014

346 New $1 Million Neighborhoods Formed in U.S. Since 2014

According to Zillow, nearly one in 20 residential ZIP codes in the U.S. meets the definition of a $1 Million Neighborhood, meaning at least 10 percent of the homes there are worth seven figures or more. 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 22, 2017 9:02 AM ET

Asia Pacific Real Estate News

According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts fell 4.8 percent in July to a seasonally adjusted annual rate of 1.16 million units.

The headstrong supply and demand imbalances in much of the United States slightly tempered the pace of sales and caused home prices to maintain their robust growth in the second quarter of 2017.

According to ATTOM Data Solutions' Q2 2017 U.S. Home Equity & Underwater Report, at the end of the second quarter of 2017 there were more than 14 million (14,038,372) U.S. properties that were equity rich.

According to CBRE's Manhattan's office market has rebounded in 2017 from the slowdown of 2016 -- suggesting that market conditions remain stronger than some might have imagined at the end of last year.

According to the National Association of Home Builders, U.S. builder confidence in the market for newly-built single-family homes rose four points in August 2017 to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

The U.S. real estate market is currently experiencing the worst inventory deficiency in 20 years, and for two primary reasons - boomers' reluctance to sell and homes fitting current family needs.

The Market Composite Index, a measure of mortgage loan application volume, increased 3.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3 percent compared with the previous week.

According to Freddie Mac's latest Primary Mortgage Market Survey for early August 2017, the 30-year fixed mortgage rate dropped to its lowest point in six weeks. After holding relatively flat last week, the 10-year Treasury yield fell 4 basis points this week.

It's turning out that 2017 is becoming a very good year for Spain's property market, as JLL is now forecasting this year will be the eighth consecutive year of foreign buyer property growth.

According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week, rising U.S. home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017.

The Miami Association of Realtors is reporting this week that the Miami residential market posted a robust second quarter as single-family home transactions, single-family luxury sales, median sale prices and dollar volumes all surged.

According to CBRE, suburban U.S. office markets that provide an urban-like live-work-play environment are well positioned to capture strong demand from office users.

According to CBRE, demand for office space in Tokyo remains stable across a wide range of sectors in 2017. One Grade A building was completed during the second quarter, with several large units still available.

According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.

Commercial property investors are allocating more capital to real estate worldwide, with Asian investors now accounting for five of the 10 biggest cross-border spenders.

An increasingly hot local Las Vegas housing market showed no signs of cooling off in July 2017, with home prices and sales continuing to rise while the housing supply keeps shrinking.

Second quarter 2017 commercial and multifamily mortgage loan originations were 20 percent higher than during the same period last year and 28 percent higher than the first quarter of 2017.

The average U.S. mortgage rate did not deviating from the previous week. The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate which rose 1 basis point to 3.93 percent.

U.S. home builder confidence in the single-family 55+ housing market strengthened in the second quarter of 2017 with a reading of 66, up 11 points from the previous quarter.

According to CBRE, commercial real estate lending in the U.S. continued to grow in Q2 2017, led by a surge in CMBS mortgages.

Free News Alerts

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