Luxury Condo Buildings Are Solar Power’s Next Frontier
So far, cost and design limitations have led solar panels to be installed primarily on single-family homes, but that’s beginning to change. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
There Are Two Kitchens and Three Terraces at This Sprawling New York Condo
The expansive home has panoramic views from the 29th floor of Evans Tower on the Upper East Side. Read More
THE INSIDERS
Luxury Has to Be Unique, Says an Exec of One of India’s Largest Real Estate Companies
Aakash Ohri talks about the importance of security, demand for larger spaces and the value of eco-friendly building. Read More
NEWS BITES
Singapore Home Prices Rose 3.2% in the First Quarter
Singapore’s private home prices rose 3.2% in the first quarter, marking the fourth consecutive quarter of price increases, according to the latest data from the Urban Redevelopment Authority. New condominium launches have contributed to the price increases, said Tan Tee Khoon, PropertyGuru’s country manager for Singapore. Despite the rise in prices, the number of sales fell about 8% on a quarterly basis and was down 38% year over year as some investors adopted a wait-and-see attitude because of higher stamp duty, Mr. Tan said. The Online Citizen
Kangaroo Ground Ranked the Most Competitive Housing Market in Victoria, Australia
The most in-demand housing market in Victoria, Australia, is Kangaroo Ground, just 16 miles northeast of Melbourne’s central business district, according to new PropTrack data. Houses in this area attract up to 480 potential buyers each. Most of the current listings have a price guide around A$3 million (US$2 million), which are relatively cheaper than other Melbourne suburbs. There was a large influx of inner Melbourne buyers seeking a lifestyle property in Kangaroo Ground after being priced out of areas such as the Mornington Peninsula, said Nathan Foley, a local agent. realestate.com.au
U.S. 30-Year Fixed-Mortgage Rates Fell Below 7% for the First Time Since February
U.S. mortgage rates declined last week for the third week in a row. The 30-year fixed-rate mortgage rate fell to 6.92% as of last Thursday, the first time the rates fell below 7% since February. Other mortgage rates also continued to decline as markets anticipate tighter financial conditions in the coming months. The 15-year fixed-rate fell to 6.12% last week, compared to 6.2% in the prior week. “Economic uncertainty continues to bring mortgage rates down. Over the last several weeks, declining rates have brought borrowers back to the market, but, as the spring home-buying season gets underway, low inventory remains a key challenge for prospective buyers,” said Sam Khater, Freddie Mac’s chief economist. U.S. News and World Report
A Manhattan Co-op Unit Asks for $4.6 Million
A two-bedroom, ground-floor apartment surrounded by the lush communal gardens of the Stanford White-designed Pulitzer Mansion on theUpper East Side of Manhattan is on the market for $4.6 million. Located on East 73rd Street, just one block away from Central Park, the home features a circular entrance gallery, 14-foot domed ceilings, chevron-patterned flooring, two fireplaces and views of the garden from nearly every room. The 14-unit building offers a doorman, a live-in super and laundry in the basement. 6sqft
AROUND NEWS CORP
Actress Chloë Grace Moretz Pockets Pretty Profit on $5.6M Sale of Spanish Estate in L.A. [Realtor.com]
I’m Selling My Life to Downsize. Does That Make Me a Failure? [The Times of London]
‘Fairytale’ Castle by the Coast Shocks Buyers [news.com.au]
I Spent 2 Years and $5M to Live in a Replica Airplane [New York Post]
