Detroit’s Luxury Housing Market Is Revving Its Engines. Here’s Where to Buy.
As talent descends on Motor City amid the EV transition, limited inventory has kept luxury home sales moving and prices rising. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
This Adobe-Style House Offers Southwestern Vibes Outside Denver
The property includes a boat house, riding facilities, a glamping site and an outdoor pool. Read More
MANSION GLOBAL BOUTIQUE
7 Luxe Gifts for the Entertainer or Party Thrower in Your Life
We handpicked seven gifts for a little inspiration this holiday season—they’ll all instantly upgrade their next get-together. Read More
NEWS BITES
Former Connecticut Estate of Artist Robert Motherwell Changes Hands
In upscale Greenwich, Connecticut, the former estate of the late artist Robert Motherwell, who is considered one of the founders of abstract expressionism, has sold for $2.5 million. The final sale price is 28% more than the 4-acre property was originally listed for. A more than 13,000-square-foot main house sits at the center of the estate, complete with 10 bedrooms and six bathrooms. The grounds were designed by famed landscape architect Frederick Law Olmsted, who co-designed Manhattan’s Central Park. Patch
Pop Star Kehlani Selling California Home for $1.89 Million
Kehlani, the award-winning singer known for the hit, “Nights Like This,” is seeking a buyer for her treehouse-esque abode in Topanga, California. The performer, whose full name is Kehlani Ashley Parrish, is asking $1.899 million for the unique home. The redwood-clad main house includes three bedrooms and two bathrooms, along with a separate studio that has a bedroom and a half-bath. Realtor.com
Dearth of Listings is Bad News for Buyers in Boston
The market isn’t being kind to buyers in the Greater Boston area, as the lack of listings had home and condo sales sliding and prices climbing in October. Sales dropped to their lowest level for the month in 12 years, according to the Greater Boston Association of Realtors. Last month, single-family home sales fell 12.6% year over year, marking the slowest October for the property type since 2011, and the17th month in a row that single-family home sales fell on an annual basis. Boston Agent Magazine
Home Construction in the U.S. Picks up Steam
Construction of new homes rose 1.9% in the U.S. in October, as builders amped up new projects. The pace of construction increased as builders saw a pressing need for more housing units, with the resale market continuing to deal with a shortage. Housing starts rose to a 1.37 million annual pace from 1.35 million in October, the government said Friday. That’s how many houses would be built over an entire year if construction took place at the same pace every month as it did in October. MarketWatch
AROUND NEWS CORP
Almost No One Pays a 6% Real-Estate Commission—Except Americans [The Wall Street Journal]
Why House Prices Are 18% Higher in the Country Than in the City [The Times of London]
Mortgage Rates Fall Again: Is a ‘Balanced Housing Market’ Finally on the Horizon? [Realtor.com]
Fashionable Couple List Designer ‘Masterpiece’ [news.com.au]
