The WPJ

Los Angeles

Super Luxury Home Sales Spike 11 Percent Worldwide in Q4

Based on new data from international property consultant Knight Frank, global super-prime ($10m+) residential sales rose 11% in Q4 2023 on a year-on-year basis. There were 411 sales across the 12 markets covered in the three months to December compared to 370 in the same period in 2022.

U.S. Commercial, Multifamily Mortgage Delinquency Rates Uptick in Q4

According to the Mortgage Bankers Association's latest Commercial Delinquency Report, U.S. commercial mortgage delinquencies increased in the fourth quarter of 2023.

NAR Agrees to Landmark $418 Million Settlement, Altering Commission Payments Forever

Based on a press release March 15, 2024, the National Association of Realtors reached an agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions.

Majority of U.S. Voters Say Housing Affordability Affects Their Pick for President in 2024

Based on new research by national property broker Redfin, more than half (53.2%) of U.S. homeowners and renters say housing affordability is impacting who they plan to vote for in the upcoming 2024 presidential election.

Los Angeles Property News












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