Monaco Home Prices Rose 10% in 2022 as Demand Outweighed Supply
The total value of transactions was €3.5 billion last year. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Take the Car Elevator to the Auto Gallery at This New Jersey Megamansion
At nearly $25 million, the seven-bedroom, 10-bath house is the highest-ever asking price for a South Jersey home. Read More
SMART HOMES
Digital Doorman: A Guide to Smart Doorbells
Equip your entryway with a featured-filled device that offers convenience and security. Read More
NEWS BITES
Bank Failures Pull Down U.S. Mortgage Rates
The collapses of Silicon Valley Bank and Signature Bank pulled the average rate of a 30-year fixed mortgage in the U.S. down to 6.57% on Monday, a drop from the 6.76% it stood at on Friday, according to Mortgage News Daily. For a home buyer looking to invest in a $500,000 property with a 20% down payment and a 30-year fixed mortgage, the monthly payment this week is $128 less than it was last week. CNBC
Home Prices in Some of New Zealand’s Priciest Suburbs Have Plummeted
The market downturn in New Zealand has torpedoed home prices in the country’s most high-end suburbs, according to CoreLogic. Areas including Saint Marys Bay, Westmere and Orakei in Auckland, and Seatoun and Karaka Bays in Wellington, have seen their median values drop by NZ$300,000 (US$186,934) or more over the last year. “Houses in those suburbs are generally more expensive to start with, so the percentage fall is always going to translate into a bigger drop in dollar value,” said Kelvin Davidson, chief property economist at CoreLogic NZ. Mortgage Professional
Novelist’s Home in England Asks £2.75 Million
A historic home in the English county of Suffolk that was once home to novelist Norah Lofts is on the market for £2.75 million (US$3.34 million). Northgate House was mostly built in the 18th century, but sits on top of medieval cellars. Spanning nearly 10,000 square feet, the six-bedroom property was home to Lofts—who wrote more than 40 historical novels along with short stories and children’s books—from 1955 until her death in 1983. Country Life
Charities to Get Payday From Sydney Home Sale
Two Australian charities are set to benefit from the A$2.2 million (US$1.46 million) sale of a house in the Sydney suburb of Ryde, after the late owner requested the vast majority of the proceeds be donated. Guide Dogs NSW/ACT and the Royal Flying Doctor Service will be the beneficiaries of Saturday’s auction, in which the home sold for A$630,000 over reserve. “Bidding was ferocious and went up quite quickly,” selling agent Michael Dowling said. “The first comment from the buyers was, ‘We feel like we paid a bit too much, but we’re happy it’s going to a good cause.’” realestate.com.au
AROUND NEWS CORP
Sunbelt Traffic Jams Are Frustrating Drivers and Threatening Growth [The Wall Street Journal]
Betsey Johnson: ‘Home Should Be Your Way or No Way’ [The Times of London]
How to Decorate With Family Heirlooms Without Dragging Your House Back to the ’50s [Realtor.com]
Beastie Boy Mike D’s Childhood Home Re-Lists for $14.99 Million [New York Post]
