Demand for London’s £20,000-a-Month Rentals Has Boomed
The super-prime market rebounded to pre-pandemic levels in the first half of the year. Read More
BY THE NUMBERS
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New Executive Order Puts Guardrails on AI
4 early actions federal agencies can take as they prepare to comply..
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TRENDING TODAY
LISTING OF THE DAY
Former Broncos Quarterback Brian Griese Is Selling His Longtime Denver Home
Amenities include a covered patio with an outdoor kitchen, a wine cellar, a home theater and a heated driveway and walkways. Read More
THE INSIDERS
Architect Lorena Vieyra Is Lifting Mexican Design out of Clichés
The founder of Vieyra Estudio has started a platform, OMET, selling luxury furniture and home decor by artists in Latin America. Read More
NEWS BITES
Atlanta Hawks Star Clint Capela Lists Five-Bedroom Houston Home
Atlanta Hawks center Clint Capela just listed his Houston home for $730,000. The grand five-bedroom home is spread over nearly 3,500 square feet and sits in a gated community. The property underwent some key upgrades, including new HVAC, fresh landscaping, plus a sprinkler system that’ll keep the greenery going in the arid Texas climate. Capela also owns a three-bedroom unit in a luxury high-rise in downtown Houston. Realtor.com
Award-Winning Pool in Australia Costs Nearly as Much as a Typical City Apartment
The best pool in Australia cost nearly as much as a typical apartment in one of the country’s major cities. The annual Poolz Awards gave the top honor for 2023 to a private home in Melbourne, where the owners hired firm Aqua Paradise to create a lavish swimming area with a shallow wading section and an adjoining pond—an amenity that cost about A$500,000 (US$330,670) to build. By comparison, the median sale price of a flat across Australia’s capital cities was A$622,734. Domain
Number of New Home Buyers Slipping in the U.K.
The number of prospective buyers is slipping across the U.K. An average of 53 new would-be buyers registered per estate agency across the country in October, down from 60 in September and 81 in August, according to research from Propertymark. The drop isn’t unusual for this time of year, with a similar pattern seen in the run up to the festive period last year. The average number of viewings per property meanwhile, remained static across August, September and October. Financial Reporter
More U.S. Home Buyers Are Forging Ahead Despite High Rates
Potential home buyers in the U.S. are becoming more likely to purchase a home even as interest rates remain high, according to a study by Bank of America. About 62% of 1,000 people polled in September said they’d wait for mortgage rates to drop before buying a home—that’s down from 85% six months prior. Rates hit a more than two-decade high in October when they rose to 8%, deterring buyers in the U.S., where nearly 80% of mortgages have an interest rate below 5%. But as the economy shows signs of cooling, potential buyers, who are losing patience, are hopeful that rate hikes are likely done. Reuters
AROUND NEWS CORP
In Hurricane-Prone Florida, Builders Are Still Making New Homes Out of Wood [The Wall Street Journal]
Selling Your Home May Be About to Become Harder [The Times of London]
The Top 10 Real Estate Markets of 2024: You’ll Never Guess Which Ones Made the Cut [Realtor.com]
U.K. Town Demolishes Building Bearing Banksy Mural Worth $1.2M [New York Post]
