The WPJ

New York City

Commercial Co-Broker Commissions Not Affected by NAR-DOJ Settlement, Yet

Following the groundbreaking agreement between the National Association of Realtors (NAR) and the Department of Justice on March 15, 2024, the real estate sector is abuzz with discussions about the potential effects on the future of commercial co-broker fees and payment methods.

Rising U.S. Mortgage Rates Further Discourage Future Homebuyers in April

This week's increase in U.S. mortgage rates has added to the skepticism about any significant reductions in interest rates for prospective homebuyers in the near future.

U.S. Office Buildings with Upscale Tenant Amenities Still Enjoy Premium Rents in 2024

Based on a new report by global property consultant JLL, as demand for high-quality and differentiated office assets intensified during the pandemic, highly amenitized office buildings are expanding their outperformance against the broader market, particularly those that offer enhanced gathering spaces and prioritize wellness.

U.S. Pending Home Sales Down 7 Percent Annually in February

According to the National Association of Realtors, pending U.S. home sales in February 2024 grew 1.6% month-over-month from January 2024. The Midwest and South posted monthly gains in transactions while the Northeast and West recorded losses. All four U.S. regions registered year-over-year decreases.

New York City Property News












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