North America Residential Real Estate News
North America Residential
Mortgage Rates in America Above 7 Percent, Again
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.04 percent as of January 16, 2025.
U.S. Residential Foreclosures Dip 10 Percent Annually in 2024
According to ATTOM's Year-End 2024 U.S. Foreclosure Market Report, foreclosure filings--comprising default notices, scheduled auctions, and bank repossessions--were reported on 322,103 U.S. properties in 2024.
U.S. Residential Asking Rents End 2024 at Lowest Levels in 3 Years
According to Redfin, the median U.S. asking rent fell 0.3% year-over-year in December 2024, reaching $1,594--the lowest figure since March 2022. This represents a 0.1% decline from the previous month and a 6.2% drop from the record high of $1,700 in August 2022.
World Property Markets to Commence Industry-wide Joint Venture Fundraise
Michael Gerrity, founder of the Miami-based real estate technology developer World Property Ventures, just announced that its newly formed subsidiary, World Property Markets, will soon launch a major joint-venture funding round in early 2025.
North America Residential Property News
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