Archive for Real Estate
Australia’s Housing Downturn Deepens as Prices Hit 2016 Levels
Posted by: | CommentsSydney property values continued to fall in January, driving nationwide house prices back to levels last seen in October 2016, amid tighter lending conditions and high levels of housing supply.
- Nationwide home values dropped 1 percent last month, led by a 1.3 percent decline in Sydney and a 1.6 percent slide in Melbourne, according to CoreLogic Inc. data released Friday…
Australia’s Housing Downturn Deepens as Prices Hit 2016 Levels
Moscow Luxury Real Estate Sales Are Soaring
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Vesper is the biggest luxury property developer in the city
- Moscow property gains as rich Russians face barriers abroad
Nabokov House in Moscow. Photographer: Ilya Ivanov
Moscow real estate executives Boris Azarenko and Denis Kitaev should write the U.K. Home Office a thank-you note.
Their company, luxury apartment developer Vesper, is seeing a pickup in demand from wealthy Russians, as Britain’s anti-money laundering measures block many from London, once their favorite city…
Moscow Luxury Real Estate Sales Are Soaring
Billionaire’s Property Firm Faces Refusal for 1,300 London Homes
Posted by: | CommentsGrosvenor Group Ltd., one of the biggest central London property owners, is facing rejection of its plan to develop more than 1,300 rental homes in the arty Bermondsey district.
Planning officials recommended Southwark borough members vote against the plan on Feb. 6, in part because they say the most-affordable homes in the south London project would be too expensive for lower-income renters, according to a filing by the borough on Tuesday. Grosvenor wants to create a 500-million-pound ($654 million) neighborhood on the site of a former biscuit factory, which would include a school, office space and food and drink outlets…
A $150 Million Plot of Land Hits Market in Bel Air, House Not Included
Posted by: | CommentsThat price does get you 10.6 acres and a view, though.
You can build your dream home from scratch just across from the Hotel Bel Air.
You’ll just need a little over $14 million per acre for the land…
A $150 Million Plot of Land Hits Market in Bel Air House Not Included
At $238 Million, It’s the Highest-Price Home in the Country
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A hedge fund billionaire has purchased a Central Park penthouse apartment for $238 million — the most anyone has ever paid for a home in the United States.
The sale, which closed Wednesday, was confirmed by a spokesman for the buyer, Kenneth Griffin.
The unit, a nearly 24,000-square-foot combination of two apartments, is at the top of 220 Central Park South, an under-construction tower developed by Vornado Trust Realty and designed by the firm of Robert A.M. Stern.
China Retail, Real Estate Slow More Sharply Than Overall Economy
Posted by: | CommentsThe services sectors that account for the biggest chunk of China’s expansion slowed more sharply than the overall economy last quarter.
Growth in the retail and wholesale sectors slowed to 5.5 percent in the fourth quarter of 2018 from a year earlier, down from 7.2 percent at the end of 2017. Real-estate growth slid to 2 percent in the quarter, compared with the 5.9 percent pace a year earlier. Together, they make up almost a third of the services sector…
China Retail, Real Estate Slow More Sharply Than Overall Economy
Price cuts. Cookies at open houses. Listings lasting longer than a few weeks on the MLS. The housing slow down is now officially here. Delusions usually end up on a direct path with reality. Housing is always a lagging indicator of underlying economic activity. People will fight to the bitter end to save their homes. Unlike the stock market, prices do not adjust overnight. However, in places like California the weak performance in the stock market last year is going to hit the bottom line for state tax revenues. It is also giving pause to VC money that was chasing absurd companies with nonsensical P/E ratios in search for the next billion-dollar unicorn. But little by little inventory is starting to pile up. People are opting to rent versus buy or in California, or as over 2 million adult “children” have opted to do, move in with their baby boomer parents. So what does the rise in inventory signal for 2019?…
Asking Prices for London Homes Slump to Lowest Since 2015
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Rightmove says owners holding off listing properties for sale
- Prices rise nationally, led by gains in northern England
London home asking prices fell to their weakest level in 3 1/2-years in January as sellers spooked by Brexit held off putting their properties up for sale.
Asking prices in the capital slipped 1.5 percent from December to 593,972 pounds ($765,000), the lowest level since August 2015, according to Rightmove. New listings in the first two weeks of the year were 10 percent lower than in 2018 as owners were deterred by the cost of moving and concern about the political backdrop, the property website said…
Brexit-Bound London Beats Global Rivals to Lure Real Estate Cash
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City No. 1 again for overseas commercial property investment
- Weak pound has made the capital a bargain compared with rivals
Not even Brexit can dent the appeal of owning commercial property in London, which has regained its status as the top destination for international investors.
Foreign buyers led by Hong Kong billionaires and Korean securities firms spent more on the U.K. capital’s offices in the first half than in central Paris, Manhattan, Munich and Frankfurt combined. The weak pound is making London a bargain compared with cities in Europe, many of which have undergone their own property booms…
U.K. Home Prices Dip With London Leading `Late Summer Sale’
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August drop was the biggest for the month since 2001
- First-time homes are now the cheapest since 2015 in London
U.K. home sellers are offering the deepest summer price cuts on record as they try to get rid of their homes during the holidays.
The average asking price for homes across the country in August tumbled 2.3 percent from July, according to property website Rightmove’s housing index. In London, the plunge was even steeper at 3.1 percent…
U.K. Home Prices Dip With London Leading `Late Summer Sale’
Seattle Erupts Over Plan to Tear Down Iconic Theater for Apartments
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Showbox theater has seen acts from Muddy Waters to Soundgarden
- City council rushes to save venue as musicians rally residents
Pearl Jam, Soundgarden and Macklemore played there, as did the greats of an earlier era, such as Duke Ellington and Muddy Waters. Now, there’s a plan to tear down Seattle’s iconic Showbox theater to make way for a 44-story apartment tower — and the city is erupting.
For a town that prides itself for its outsize musical history, from Jimi Hendrix to the Grunge scene of the 1990s, the proposal represents the ultimate growing pain: Should a venue that helped make the city so cool be razed to build more homes for tech workers? It’s a question that keeps arising in one of the nation’s hottest property markets…
Real estate cycles turn as slowly as a massive cruise ship. Unlike the stock market where a stock like Facebook can fall 20 percent overnight, real estate tends to boom and bust at a much slower rate. There is an odd logic to the current market. “We bought a few years ago and look how late to the game you are!” Then when asked if some would buy today, “no, but it can only go up!” Coming from an investor mindset, if housing values are priced in a good range you should buy, just like you would buy an undervalued stock. When you are spending $1 million on a crap shack, you need to do some serious due diligence. It is odd that house humpers always use the “but you can’t treat your home like an investment” line and then talk about how reasonable it is to pay for an absurd amount for a property in a subpar neighborhood with underperforming schools. Then they compare real estate to stocks! Of course it was a matter of time where the market would hit a bump and here we are. Even Robert Shiller hints at this being a turning point…
The U.S. Housing Market Looks Headed for Its Worst Slowdown in Years
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Market appears to be headed for its broadest slowdown in years
- ‘Affordability is becoming a headache for homebuyers’: Yun
They were fed up with Seattle’s home bidding wars. They were only in their late 20s but had already lost two battles and were ready to renew with their landlord. Then, in May, their agent called.
Suddenly, Redfin’s Shoshana Godwin told the couple, sellers were getting jumpy, even here in the hottest of markets. Homes that should have vanished in days were sitting on the market for weeks. There was a three-bedroom fixer-upper just north of the city going for $550,000, down from more than $600,000. They made the leap in early June and had closed by the end of the month, for list price…
In New York City, Even the Cheapest Homes Are Waiting for Buyers
Posted by: | CommentsIt’s not just luxury-home listings that are piling up in New York City. Even units for less than $1 million — within reach of far more people than a Billionaires’ Row penthouse — are hurting for buyers.
In Manhattan, the inventory of sub-$1 million apartments surged 27 percent in June from a year earlier to 3,087, the most for the month since 2013, according to StreetEasy. Such listings jumped 17 percent to 2,738 in Brooklyn, and climbed 6 percent to 2,314 in Queens, a borough usually sought out for its relative affordability…
In New York City, Even the Cheapest Homes Are Waiting for Buyers
Relief in Sight for Homebuyers in High-Priced West Coast Cities
Posted by: | CommentsIt’s been tough being a homebuyer on the West Coast. Prices have been surging for years as house hunters fight for the few available listings. Now the tide could be shifting.
As sellers come off the sidelines to lock in gains, they’re starting to boost inventory. New data by brokerage Redfin Corp. shows that supply in several U.S. markets is rising in the places that need it the most, like Seattle; Portland, Oregon; and San Jose, California…
Relief in Sight for Homebuyers in High-Priced West Coast Cities
An Expat’s Guide to Real Estate in Dubai
Posted by: | CommentsNot everyone can buy, but if you have the money, there’s an overabundance of rentals.
Dubai, a relative newborn on the world stage, was a city built around cars. And even though its economy is more diversified than those of its Gulf neighbors, this desert metropolis still feels ripple effects of the oil industry’s booms and busts.
From 2011 to 2014, when oil prices were more than $100 a barrel, Dubai’s property market soared. Apartments in the world’s tallest building, the Burj Khalifa, were more than $1,000 per square foot, according to consultants Cluttons LLC. Now, as oil hovers at $70, values in the Burj Khalifa have dropped to about $650 per square foot. But the Russian currency crisis and Brexit, coupled with increased taxes and fees for everyday purchases, have made Dubai a less affordable place to live…
U.K. House Prices Fall as London Decline Intensifies
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Prices fall as more sellers come to market, Rightmove reports
- London slump may be an opportunity for first-time buyers
U.K. house prices fell for the first time in seven months as sellers adapted to the reality of the weaker market.
Asking prices slipped 0.1 percent in July from a month earlier, property website Rightmove said on Monday. In London, prices slipped 0.5 percent, with smaller apartments falling faster than bigger homes…
Pricey Vancouver Housing Market Weakens With Buyers on Sidelines
Posted by: | CommentsVancouver’s housing market showed continued signs of weakness in June, as affordability worries curb demand from buyers.
Sales were down 14 percent compared with May, the first monthly decline since January when tougher federal mortgage rules took effect, according to a report Wednesday by the Real Estate Board of Greater Vancouver. The number of transactions was 29 percent below the 10-year average for the month of June, the group said. Adjusting for seasonality, sales fell by about 5 percent to the lowest since 2013, according to Bloomberg calculations…
Pricey Vancouver Housing Market Weakens With Buyers on Sidelines
Don’t Expect Hong Kong’s Empty-Home Tax to Cool Property Prices
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Developers can easily absorb tax under new rules, analysts say
- Home prices in Hong Kong have more than doubled in past decade
Hong Kong’s plan to tax unsold new apartments may have little effect on the city’s red-hot housing market.
The levy was announced Friday by Chief Executive Carrie Lam as part of a broader effort aimed at boosting supply in the world’s least affordable property market. Yet analysts from Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. say the latest impost won’t dent soaring prices…
For Luxury Retail Real Estate, Paris Retains Its Je Ne Sais Quoi
Posted by: | CommentsThe City of Light is an especially bright spot for retail real estate, with more luxury store openings than any other city in the world last year
One of the few bright spots in retail real estate these days is on the so-called “high streets” of major cities, where luxury brands are still willing to pay stratospheric rents to promote their designer clothes, accessories, shoes and other goods.
Nowhere is the luxury high street stronger today than in Paris…
For Luxury Retail Real Estate, Paris Retains Its Je Ne Sais Quoi
Manhattan Homebuyers Demand Bargains, Walk Away—Anything But Overpay
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Sales and prices slide while listings pile up on the market
- Buyers don’t want to get burned by overpaying, broker says
In his hunt for an apartment on Manhattan’s Upper West Side, Hal Walker found the perfect one-bedroom in an Art Deco building across from Central Park. It had languished on the market for almost six months.
Walker bid $30,000 below the $865,000 asking price, then refused the seller’s counteroffer. Yet he’s moving in next week…
Manhattan Homebuyers Demand Bargains, Walk Away—Anything But Overpay
Relisted Newport Estate Seeks to be Rhode Island’s Priciest Home
Posted by: | CommentsIf it sells for near the $43.5 million asking price, the waterfront property would far surpass the current record, set by pop star Taylor Swift’s $17.75-million purchase in 2013
In Newport, R.I., an estate on over 45 oceanfront acres is returning to market for $43.5 million, making the property the state’s priciest listing.
The estate was listed in 2013 for $45 million, then taken off the market about two years later. If it sells for anywhere near its asking price, it would far surpass the current record, which was set by pop star Taylor Swift’s $17.75-million purchase in 2013, according to Jim Michalove of Seaboard Properties, one of the agents involved in that transaction…
If You Steal It, the Art Vigilante Will Find You
Posted by: | CommentsUsing a secret database of tens of thousands of photos, Christos Tsirogiannis is fighting to prevent auction houses from selling looted art.
For days, Christos Tsirogiannis had been hitting refresh on his laptop, waiting for a chance to snatch ancient artifacts from one of the world’s biggest auctioneers. At the dining room table of his tidy house on a quiet street in Cambridge, England, the 45-year-old archaeologist was stalking Christie’s website, where the catalog for an upcoming antiquities auction in New York would soon be posted. It was important to his vigilante mission that he see the lots quickly. Tsirogiannis had work to do to repeat previous exploits in which he’d cost Christie’s and rivals Sotheby’s and Bonhams millions of dollars in sales—and the sale was in less than a month…
Lennar Sees ‘Solid Fundamentals’ Lifting Operations, Housing Market
Posted by: | CommentsCompany says concerns about rising interest rates and construction costs have been offset by low unemployment and increasing wages
Lennar Corp. said strong demand for new homes and higher selling prices drove earnings growth in the most recent quarter, as the nation’s largest home builder reported it has so far shaken off concerns about rising interest rates and construction costs.
Lennar executives worked to assure analysts on its earnings call Tuesday that it wasn’t seeing declining demand in the market, noting that customers are still able to afford homes and that the U.S. economy and job growth have been good…
Fed’s Bostic to Hear Case for Excluding Housing From Inflation
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Paper says home prices make Fed policy look easier than it is
- Advocacy group will present findings to Bostic on Thursday
Federal Reserve Bank of Atlanta President Raphael Bostic will hear the case for excluding housing from measures of consumer prices that the U.S. central bank targets when he meets this week with Fed Up, an advocacy group focused on monetary policy.
The group will present a paper on U.S. housing inflation by Dean Baker, co-founder of the Center for Economic and Policy Research, a Washington think tank. Baker argues in the paper that the widening gap between inflation in the housing sector and the rest of the economy gives central bankers a misleading impression of how tight monetary policy really is…
Manhattan Home Inventory Surges, But Buyers Aren’t Interested
Posted by: | CommentsIf you’re a homebuyer in Manhattan, your life just got easier. For sellers, it’s another story.
The number of homes listed for sale in the borough jumped 17 percent last month from a year earlier — the biggest annual increase in data going back to 2010, according to StreetEasy, which reported 9,720 properties on the market at the end of May. The sharpest rise was on the Upper East Side, with a 20 percent surge in listings…
Manhattan Home Inventory Surges, But Buyers Aren’t Interested
Brexit Pain Hits London Housing
Posted by: | CommentsPrices drop for a 10th month as decision to leave EU erodes demand
House prices in the U.K. capital declined for a 10th month in June, according to property website Rightmove Plc. While values continue to rise in most of the country, demand for homes in London has been particularly hit by the decision to leave the European Union. Conditions are “clearly challenging” for sellers in the south of Britain, Rightmove Director Miles Shipside said…
Brexit Pain Hits London Housing
Hurricane-Proof Homes Are Real. Why Isn’t Anyone Buying Them?
Posted by: | CommentsNew structures can deflect wind, resist fire and float on demand. Yet despite increased risks from climate change, those innovations have been slow to spread.
In a private waterfront resort on the northern tip of Key Largo, nestled between tropical forest and the Caribbean, Eric Soulavy is marketing luxury for the age of climate change: Coastal homes that are all but hurricane proof.
The Florida-based developer is finishing a three-story condominium project with overlapping defenses, a hydrological Fort Knox where prices start at $5 million for a four-bedroom apartment…
Hurricane-Proof Homes Are Real. Why Isn’t Anyone Buying Them?
Private Sector Does Better Job Managing Public Housing than New York City: Study
Posted by: | CommentsThe study was based on resident surveys and data on repairs, energy usage and tenant turnover
Private developers dramatically improved conditions and tenant satisfaction at six buildings formerly run by New York City’s public housing authority, according to a new study of a controversial strategy to turn the city’s public housing over to private management.
A study by the Citizens Housing and Planning Council set to be released Monday measured the success of private developers who took over six buildings formerly managed by the New York City Housing Authority in early 2016. The council based its conclusions on resident…
A Connecticut Estate With Animal Menagerie Seeks $13.75 Million
Posted by: | CommentsA Connecticut estate on roughly 187 acres—and home to a menagerie of animals including peacocks, pheasants and parrots—is going on the market for $13.75 million.
Known as Cobble Hill Farm, the property is about 100 miles outside New York City in West Cornwall, a small village that attracts affluent weekenders, according to Carolyn Klemm of Klemm Real Estate, who has the listing with colleague Roger Saucy. The property is one of the most expensive on the market in Litchfield County, she said…
A Connecticut Estate With Animal Menagerie Seeks $13.75 Million
The New Way to Invest in Real Estate Starts With Emailing Rich People
Posted by: | CommentsSince the SEC lifted a ban on “general solicitation,” new platforms have started to offer investment firms a novel approach to property acquisition.
Real estate fund managers Michael Episcope and David Scherer had Georgia on their minds—specifically, Atlanta. The city, part of the third-largest-gaining metro area in the U.S. last year, according to Census Bureau data, was only getting hotter. So when the co-founders of real estate investment company Origin Investments spotted an opportunity last year to purchase a 125-unit apartment complex, they jumped on it. The property’s location, in Virginia-Highland, an affluent Atlanta neighborhood that’s home to organic shops, cocktail bars, and an indie film theater, was great. Yet Episcope and Scherer had a problem. They reckoned it would take about $19 million in equity to buy the building and an adjacent undeveloped lot, but they wanted to invest only $12 million. Their solution was somewhat novel: Instead of bringing in a partner, Origin brought in dozens of them…
PSP, AIMCo Buying Canadian Real Estate?
Posted by: | CommentsThe Public Sector Pension Investment Board has entered an agreement to purchase the Downsview industrial property owned by Bombardier Inc. in Toronto.
“This investment is a perfect fit for PSP as it supports our long-term real estate investment strategy,” said Neil Cunningham, president and chief executive officer of PSP Investments.
“We have a stellar track-record in working with large, complex projects across our entire investment portfolio, and we are proud of our continued commitment to investing in Canada.”
Bombardier has owned and operated the site since the early 1990s, using it to manufacture and test its Global series and Q400 aircraft…
Warren Buffett’s Berkshire Is Now America’s Second Largest Real-Estate Broker
Posted by: | CommentsBerkshire Hathaway, often largely invisible, has an increasingly visible brand name as its real-estate business expands
Warren Buffett’s Berkshire Hathaway Inc. is a big name on Wall Street. Increasingly, it’s a fixture on Main Street too.
The Omaha conglomerate was the nation’s second-largest residential real-estate brokerage last year, making Berkshire Hathaway a presence on neighborhood yard signs from Los Angeles to New York. It has franchised the Berkshire Hathaway HomeServices name to 1,330 offices and more than 45,000 agents…
Warren Buffett’s Berkshire Is Now America’s Second Largest Real-Estate Broker
The Relative Price of Housing and Subsequent GDP growth in the USA
Posted by: | CommentsThe great recession of 2008-9 followed an extraordinary house price bubble. The sluggish was characterized by a very slow recovery of residential investment. Oddly, the extensive revision of macroeconomic models which implied a very low probability of great recessions has not involved a focus on housing. Instead it has focused on financial frictions – essentially it is assumed that the 2008-9 recession was extraordinary because a major financial crisis occurred. Dean Baker dissents (as he often does) arguing that the severity of the recession could have been predicted given the massive decline in housing prices and earlier estimates of the effect of home equity on consumption. This note attempts to being to assess that claim. It also asks if it is possible to forecast GDP growth over the medium term. Finally it is part of the Rip Van Keynes series, because I will use an empirical strategy which has been out of fashion for at least four decades – basically an ad hoc OLS regression (sometimes I even include an exponential trend)…
Homeless in L.A. – homeless population surges 75% in past six years.
Posted by: | CommentsThere is a homelessness crisis in Los Angeles County. The homeless population has surged by 75% in the last six years all the while home prices are back to peak levels. Yet the home ownership rate still hovers near generational lows. California has seen massive growth in rental household formation. Surveys continue to find that Millennials prefer different living styles than their baby boomer parents. Forget about surveys, just look at the actual market. Record low inventory is being driven by baby boomers staying put and the lack of home building thanks to hardcore NIMBYism. So it is no surprise that we now have a homeless crisis in L.A. County. Recently, in Orange County a large group of homeless encamped in various areas where set to be moved into affluent areas of the county and people went ballistic. So where do we go from here?…
Record Supply Moderates Rent Growth in St. Louis
Posted by: | CommentsSt. Louis’ job gains are somewhat middling, but a below-trend unemployment rate means that housing continues to be in high demand. The metro added 1,800 units in 2017, marking a new cycle peak. As a result of strong supply growth, occupancy for stabilized properties dropped to 94.5 percent as of December. Although rents are still rising, the average rate was still below the $900 mark and about $500 behind the U.S. average.
Hunting for the Perfect Rate of Homeownership
Posted by: | CommentsForeign Buyers Starting to Drive Up Housing Prices in Quebec
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Chinese buyers accounting for increased share of market
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Leitao says no need for measures to curb foreign demand
Foreign buyers of real estate in Quebec are putting “marginal” pressure on prices while still accounting for a tiny sliver of the market relative to Vancouver and Toronto, according to new data released by the French-speaking province…
Foreign Buyers Starting to Drive Up Housing Prices in Quebec
Uninsured Mortgages Keep Surging Even as Canadian Housing Cools
Posted by: | CommentsCanada’s uninsured mortgage market reached an eight-year high in January as government steps to reduce taxpayer exposure to the housing market gain traction, according to data from the country’s banking regulator…
Uninsured Mortgages Keep Surging Even as Canadian Housing Cools
Ex-Uber Chief Travis Kalanick Buys Real Estate Company, Takes CEO Reins
Posted by: | CommentsAfter getting kicked out of the chief executive officer job at Uber Technologies Inc. in June, Travis Kalanick is getting back in the saddle…
Ex-Uber Chief Travis Kalanick Buys Real Estate Company, Takes CEO Reins
U.S. Housing Starts Cooled in February After Robust January
Posted by: | CommentsU.S. new-home construction cooled by more than expected in February on a reversal in the volatile multifamily category, while building remained on pace to contribute to economic growth this quarter, government figures showed Friday…
U.S. Housing Starts Cooled in February After Robust January
Brexit Bankers May Find Home in Luxembourg’s Red-Light District
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City center is hotspot as commuting times mar suburban life
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London bankers can’t expect to upsize as prices keep rising
Luxembourg’s red-light district could soon be a home for bankers escaping Brexit.
Blackstone’s Crown Prince Built His Career on Bold Real Estate Bets
Posted by: | CommentsHow do you get to the top of the private equity business? Turns out, it’s by getting really, really good at flipping real estate.
Tiffany & Co. Advances After Sales Finally Rebound at Home
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Worldwide same-store sales rise 1 percent, trailing estimates
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Focus is on generating sustainable sales growth, CEO says
Tiffany & Co. is still trying to regain its luster.
The key metric of same-store sales at the 181-year-old jeweler missed analysts’ estimates in most of its regions last quarter, driving the stock down the most in almost 10 months Friday. Tiffany has been trying to reverse a lengthy sales slump.
Trump Spending Plan No Match for Asia Housing Demand, Says Boral
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Asia is key for Australia’s largest building materials firm
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CEO Mike Kane also bullish on U.S. housing market recovery
Property demand from a booming middle class in Asia may turn out to be a key driver of growth for Australia’s largest building materials firm, which is also well placed to get a kicker from a ramp up in infrastructure spend in the U.S…
Trump Spending Plan No Match for Asia Housing Demand, Says Boral
SNB Reiterates Warnings About Overheated Swiss Housing Market
Posted by: | CommentsThe Swiss National Bank reiterated its concerns about an overheating property market and warned that home prices could be at risk of a correction…
SNB Reiterates Warnings About Overheated Swiss Housing Market
U.S. Homebuilder Outlook Eases While Hovering Near 18-Year High
Posted by: | CommentsConfidence among U.S. homebuilders slipped to a four-month low in March while remaining above historical averages, indicating developers expect demand to withstand rising mortgage rates, according to data from the National Association of Home Builders/Wells Fargo…
U.S. Homebuilder Outlook Eases While Hovering Near 18-Year High
New Home on Hong Kong’s Peak Sets Asian Record Price by Area
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Mount Nicholson villa Fetches $19,400 per square foot
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Price per square foot about 20% higher than similar property
An unidentified buyer paid a record HK$151,785 ($19,400) per square foot for a new luxury house in Hong Kong’s exclusive Peak neighborhood, making it Asia’s most expensive by area, according to Knight Frank LLP…
New Home on Hong Kong’s Peak Sets Asian Record Price by Area
U.S. Home Prices Rise Almost 9%, the Biggest Gain in Four Years
Posted by: | CommentsHome prices in the U.S. surged 8.8 percent in February — the biggest gain in four years — as buyers battled for an increasingly scarce resource: homes…
U.S. Home Prices Rise Almost 9%, the Biggest Gain in Four Years
China Home Sales Growth Slows This Year Amid Deleveraging Drive
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Sales gain 16% in January-February, down from 21% in December
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Developer land purchases fall for first time in eight months
China home sales growth slowed in the first two months of this year, amid an almost two-year government campaign to cool the property market…
China Home Sales Growth Slows This Year Amid Deleveraging Drive
Sweden Responds to Worst Housing Slump Since 2008 With Supply
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Housing indicators now show market is recovering after decline
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Swedish coalition aims to make housing an election issue
Sweden’s government wants to add supply to a housing market that’s just gone through its biggest price slump in a decade.
Roommate Nation: 30 percent of working adults are now living with a roommate.
Posted by: | CommentsHamptons Home Deals Jump, Chopping Supply of Properties for Sale
Posted by: | CommentsHamptons home sales jumped in the fourth quarter, surprising even most the optimistic brokers, as buyers moved to close deals in a stock market-fueled rush…
Hamptons Home Deals Jump, Chopping Supply of Properties for Sale
U.S. Existing-Home Sales Fall as Supply Drops to Record Low
Posted by: | CommentsSales of previously-owned U.S. homes fell in December for the first time in four months, as the market struggles with record-low supply and rising prices, figures from the National Association of Realtors showed Wednesday…
U.S. Existing-Home Sales Fall as Supply Drops to Record Low
Downtown Tampa Hotel to Open in 2020
Posted by: | CommentsMore than 4 million square feet of office, residential, hospitality, retail and cultural space across 10 blocks is slated for completion by 2020. Subsequent phases are scheduled to be finished by 2027. In addition to the new hotel, when it is built out, Water Street Tampa will consist of 2.6 million square feet of office space; 1 million square feet of retail, cultural, educational and entertainment space; and 3,500 new rental and for-sale residences…
China Starts Experiment to Tame Its Wild Property Market
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Xi vows to grow rental market amid outcry on home prices
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Local governments, developers, banks flock to the business
Chinese President Xi Jinping has unleashed the world’s biggest experiment aimed at taming runaway property prices…
What’s Next in China’s Bid to Cool Housing Market: QuickTake Q&A
Posted by: | CommentsChina’s housing market has a history that’s short by global standards, since private homeownership only began in 1998. But what a two decades it’s been. Home prices have skyrocketed, creating a mentality that real estate is a one-way bet. The government’s sporadic bouts of tightening limits on property sales, then easing them, has often exacerbated the frenzy by prompting speculators to second-guess policy changes. Now, officials are escalating efforts to steady the market, with President Xi Jinping pinning his name on reining in speculation…
What’s Next in China’s Bid to Cool Housing Market: QuickTake Q&A
U.K. Home Sales Fall to 13-Month Low
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Home sales decline to 99,100 in December, least since 2016
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Stamp duty cuts only applied to marginal proportion of buyers
U.K. Chancellor of the Exchequer Philip Hammond’s efforts to help young people onto the housing ladder by cutting taxes are showing no signs of working yet…
California Dreaming About California Housing
Posted by: | CommentsCalifornia is trying to come to grips with its housing crisis. It’s unclear if Californians will allow it to succeed.
Singapore Home Prices Seen Rebounding After Four-Year Slump Ends
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Top 3 land developers set to report earnings in February
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More than 10 analysts surveyed expect a price recovery in 2018
The worst may be over for Singapore’s property slump…
Singapore Home Prices Seen Rebounding After Four-Year Slump Ends