The WPJ

Jersey City

U.S. Delinquency Rates for Commercial Properties Increased 6 Percent in Q4 of 2023

Based on the Mortgage Bankers Association's latest commercial real estate finance (CREF) Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023.

U.S. Home Sales Remain Relatively Flat in November

According to the National Association of Realtors, existing-home sales grew in November 2023, breaking a streak of five consecutive monthly declines. Among the four major U.S. regions, sales climbed in the Midwest and South but receded in the Northeast and West.

U.S. Home Prices Cooling Faster Than Normal in November

Based on the latest Zillow market report for November 2023, monthly costs for a new mortgage are falling, inventory is trending back toward normal, and price cuts are uncharacteristically common.

Biden Has a Housing Problem Which Hurts His 2024 Re-Election Bid

National property broker Redfin says there are new signs pointing to a shift toward a buyer's market in 2024, as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale.

Jersey City Property News












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