Austin Real Estate News
Austin
After Two Year Slump, Prime Multifamily Metrics Uptick in U.S.
Recent research from CBRE indicates that prime multifamily assets have seen a slight improvement in going-in cap rates, exit cap rates, and unlevered internal rate of return (IRR) targets in Q1, 2024.
Most U.S. Homebuyers in the Dark About Agent Commissions
According to recent data from national property broker Redfin, a significant portion of U.S. homebuyers are in the dark about their real estate agent's compensation: 28% are unaware of the payment amount, 17% do not know how this figure was determined, and 19% are uncertain about who actually pays their agent.
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.
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.
