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Michael Gerrity

Michael Gerrity

Founder, CEO & Global Publisher at The World Property Journal

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Email address
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Influence score
34
Phone
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Location
United States
Languages
  • English
Covering topics
  • Real Estate

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Recent Articles

worldpropertyjournal.com

Dubai, Palm Beach and Miami Lead World's Super Luxury Home Sales

Based on new data from global property consultant Knight Frank, 463 sales of properties valued at $10 million or more were recorded in the three months leading up to June 2024 across 11 key markets. This figure is slightly lower than the 476 sales recorded in the previous quarter.
worldpropertyjournal.com

Residential Real Estate News

Residential Real Estate News
worldpropertyjournal.com

Hong Kong Class A Office Rents Continue to Downtick in Mid-Summer

According to JLL's latest Hong Kong Property Market Monitor report, vacancy rates of Grade A offices in Central and Hong Kong East improved in July 2024, but office rents continue to slip.
worldpropertyjournal.com

Greater Palm Beach Area Residential Sales Dip in July

According to new data from the Miami Association of Realtors, Palm Beach County, Florida, saw a 2.6% drop in total residential sales in July 2024, declining from 2,109 to 2,054 transactions.
worldpropertyjournal.com

U.S. Commercial Mortgage Debt Hits $4.7 Trillion in Q2 as Delinquen...

According to the latest Commercial Delinquency Report from the Mortgage Bankers Association (MBA), U.S. commercial mortgage delinquencies rose in the second quarter of 2024.
worldpropertyjournal.com

The Mountain is Moving, Placing Hundreds of Rancho Palos Verdes Hom...

A few days after a state of emergency was declared in Rancho Palos Verdes due to accelerating landslides, many homeowners are growing increasingly concerned about the future of their properties and the potential impact on home values.
worldpropertyjournal.com

Foreign Buyers Purchase $42 Billion of U.S. Homes in 2024, a 21 Per...

According to a recent report from the National Association of Realtors (NAR), foreign buyers spent $42 billion on U.S. existing homes between April 2023 and March 2024, a 21.2% decrease from the previous 12 months.
worldpropertyjournal.com

The Federal Reserve Makes Biggest Rate Cut in 16 Years in September

This week the Federal Reserve did follow through with its much-anticipated interest rate reduction as expected by many Wall Street analysts.
worldpropertyjournal.com

Greater Miami Area Residential Sales Dip 8 Percent Annually in August

According to new data from the Miami Association of Realtors, total residential sales in Greater Miami dropped 8.1% year-over-year, from 2,178 transactions to 2,002.
worldpropertyjournal.com

California Home Sales Hit 7 Month Low in August, Despite Lower Rates

New data from the California Association of Realtors shows that California's statewide home sales hit a seven-month low in August 2024, as buyers paused despite mortgage rates reaching their lowest point since spring 2024.
worldpropertyjournal.com

Monaco's Exploding Wealth Immigration Drives Intense Housing Pressure

According to property consultant Knight Frank, the Principality of Monaco, with a population of 38,367, is home to around 141 nationalities, all within an area just over half the size of Central Park.