The WPJ

World News


U.S. Mega Distribution Centers Leasing Activity Grew in 2024

According to recent data from CBRE, the U.S. industrial real estate market saw a significant increase in mega distribution center leases (1 million sq. ft. or more) in 2024, fueled by robust online sales nationwide.


The World's First Global Listings Service Launches, Called a GLS

Miami-based GLOBAL LISTINGS announced this week the launch of a new business offering called its Global Listings Service, or GLS for short. It's the world's first consumer-facing global MLS platform.


U.S. Commercial Borrowing to Increase to $583 Billion in 2025, Up 16 Percent Annually

The Mortgage Bankers Association released an updated forecast this week projecting that U.S. commercial and multifamily mortgage borrowing and lending will reach $583 billion in 2025, marking a 16% increase from the estimated $503 billion in 2024.


Home Prices Continue to Rise in 89 Percent of U.S. Metros in Late 2024

According to the National Association of Realtors' latest quarterly report, 89% of U.S. metro markets (201 out of 226) saw home price increases in the fourth quarter of 2024. During this period, the 30-year fixed mortgage rate ranged from 6.12% to 6.85%.


Global Luxury Residential Prices Showed Gradual Improvement in Late 2024

According to Knight Frank's latest Prime Global Cities Index, the growth of prime residential property prices worldwide is slowly gaining momentum. The annual growth rate climbed in the final quarter of 2024, reaching 3.2%. Although this marks an improvement from the previous quarter, it remains below the 20-year average of 5.3%.


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