Bulgaria’s Most Expensive Home Lists for €10.5 Million
The contemporary glass mansion looks better suited for Hollywood than historic Sofia. Read More
BY THE NUMBERS
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What Tools Do You Use to Track Customer Experience?
What is the state of advertising performance measurement in the digital age? Deloitte Digital surveyed more than 800 marketing measurement leaders at U.S.-based marketing agencies and consumer businesses to find out. Brands with the most advanced marketing measurement capabilities are selling faster, beating revenue goals and deepening customer engagement and loyalty.
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TRENDING TODAY
LISTING OF THE DAY
Manhattan Townhouse Carved From an Old Workshop Comes With a Patio Larger Than Most New York Apartments
The house on the Upper East Side is the largest unit at the new condo conversion known as the Wren. Read More
DESIGNER’S CORNER
How to Pull off Dark Paint From Amethyst to Black
Add drama to any room with a deep, rich wall color. Read More
NEWS BITES
U.K. Homeowners Being Forced to Accept Lower Offers as Mortgage Rates Increase
A spike in mortgage rates in the U.K. is causing home sellers to accept offers lower than they’re asking. More than two in five sellers are accepting price cuts of at least 5%, the highest level since 2018, and about 15% of sellers are accepting discounts of more than 10% off the asking price, according to the Zoopla House Price Index. Meanwhile, home prices have declined 1.2% from a year ago, and prices remain on track to be 5% lower by the end of the year. GB News
Former Baseball Star Buster Posey Catches a Buyer for His Georgia Home
Three-time World Series champion Buster Posey is poised to sell his Georgia home for $3.85 million. Situated about 30 miles northeast of downtown Atlanta, the former catcher’s 8,450-square-foot residence in Johns Creek sits on more than 6 acres. The six-bedroom, seven-bathroom home is already in contingent sale status after less than a week on the market. Realtor.com
House Prices Soar in Australia’s Multimillion-Dollar Market
Despite rising interest rates and softening prices in some Australian cities, high-priced home sales, including record-breaking ones, have continuously closed across the country this year. Recently, a historic estate in Sydney’s Bellevue Hill sold for A$70 million (US$52.3 million), and on the same day, that home’s buyer sold his own house in the same neighborhood for A$61.5 million. “I think driving [the sales] has been the lack of stock on the market, the low Australian dollar compared to the U.S. dollar and all the expats and new migrants coming into the country,” said Michael Pallier, principal of Sydney Sotheby’s International Realty. Domain
Wedding Gifts Are out, Cash for a Down Payment Is in for Newlyweds
With mortgage rates and housing prices both high, first-time home buyers are using their wedding registries to secure a down payment. According to a study from Realtor.com and Censuswide, many newlyweds would prefer to receive cash they can use toward a new home over traditional wedding gifts. Of the newlyweds polled for the survey, 85% said they’d prefer money over a physical gift, and 80% said they would include an option for guests to give money toward home-buying expenses on their gift registry. “They want a home of their own and the opportunity to build wealth. They are forgoing fancy blenders and China and asking for what they really want and need—financial assistance to become homeowners,” said Realtor.com’s executive news editor, Clare Trapasso. Fox Business
AROUND NEWS CORP
Home Buyers With Short Memories Are Driving Up Prices in Hurricane-Hit Town [The Wall Street Journal]
How the White Lotus Put Sicily on the Property Map [The Times of London]
Melbourne, Sydney Suburbs Where Homes Are Selling at a Loss [news.com.au]
Rare Midcentury Modern Treehouse in Virginia Sways a Buyer in No Time [new.com.au]
