World News
U.S. Mortgage Applications Increase in Late October
New data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey shows that mortgage applications rose by 6.3% for the week ending November 22, 2024.
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.
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.
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.
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.
