The WPJ

Los Angeles

Automated Property Pricing Algorithms Bolster Price-Fixing Claims, Say DOJ

On March 28, 2024, the Antitrust Division of the U.S. Department of Justice (DOJ) intervened for the third time recently, backing plaintiffs in class action lawsuits challenging defendants' utilization of pricing software.

Driven by High Rates, U.S. Commercial Lending Imploded 47 Percent in 2023

In 2023, total commercial real estate mortgage borrowing and lending was estimated at $429 billion, marking a 47 percent decline from $816 billion in 2022, and a 52 percent fall from the record high of $891 billion in 2021.

Cost of Buying a Home Hits Record High as Mortgage Rates Jump in U.S.

This past week, the average daily mortgage rate climbed to over 7.4%, marking its highest point since last November 2023, influenced by an unexpectedly high inflation report and confirmation from the Federal Reserve that interest rate reductions would be postponed.

U.S. Home Values Rising Fastest in Most Expensive West Coast Cities in Early 2024

Homebuyers this spring are encountering markedly different levels of competition depending on the market. Inventory levels play a crucial role, as indicated by the latest Zillow market report for March 2024.

Los Angeles Property News












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