Jersey City Real Estate News
Jersey City
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.
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.
U.S. Mortgage Rates Continue to Rise for Fourth Consecutive Week
Based on new data from Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent.
Falling U.S. Mortgage Rates Boost New Home Sales in December
According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in December 2023 in the U.S. increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November 2023.
