Do You Sell or Rent Your Old Home? It’s the Mover’s Dilemma in the U.S.’s Roaring Rental Markets.
There are a number of pros and cons to consider before keeping your property as an investment. 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
Restoring an 800-Year-Old Cambridgeshire Cottage Into a ‘Party House’
The U.K. property’s original 13th-century structure now has two extensions and there is a brand-new annex. Read More
SPECIAL REPORT
Market Spotlight: Paris
Exploring the city’s architecture, culture, up-and-coming neighborhoods and more. Read More
NEWS BITES
Australian Retreat Linked to King Charles Hits the Market
A retreat in Australia where the now-King Charles III stayed as a teenager has come to the market with an asking price of A$8 million to A$8.8 million (US$5.3 million to US$5.8 million). The almost 9 acre Marramarra Lodge is on the shores of the Hawkesbury River in Berowra Waters, some 25 miles north of Sydney’s central business district, and is only accessible via seaplane or helicopter. King Charles stayed at the lodge when he was patron of Outward Bound Australia, which ran camps from the estate for The Duke of Edinburgh’s Award, a youth development and leadership program. nine.com.au
Vancouver Condo Tower Is Seeing the Return of Multi-Unit Investors
Multi-unit buyers are revving Vancouver’s luxury condo market back up. That includes a buyer at the forthcoming 60-story tower Curv who paid a record C$4,400 (US$3,324) per square foot for a top-floor unit off-plan, according to the project’s marketer Jacky Chan. It’s a new price point that could breathe some life into the downtown apartment market, he added. The building has attracted a number of developers and professional real estate investors with tens of units or more in their portfolio. The Globe and Mail
Resale Homes in Hong Kong Could Drop up to 5% in 2023
Prices of Hong Kong’s resale homes have fallen for the first time this year as interest rates continue to rise and new builds come online in an already oversupplied market. The index for resale properties fell 0.7% month on month in May, according to data from the Rating and Valuation Department. Prices are expected to drop by as much as 5% by the end of the year, according to a Knight Frank report. In 2022, prices were down 15%. “We expect the home price index in June to drop another 0.5% to 1% as the market lacks positive factors to support price growth,” said Martin Wong, Knight Frank’s Greater China head of research and consultancy. South China Morning Post
The U.S. Is Mired in a Housing Shortage, Says Survey of Real Estate Investors
About 60% of real estate investors said in a new survey that the U.S. is in a housing shortage, according to real estate investment marketplace New Western. Of the 1,350 investors surveyed by the group, 80% said they are selling homes at or above asking price after renovating the properties to make them habitable. “The U.S. is lacking about 320,000 listings valued at the affordable range for middle-income buyers. These investors see the housing shortage as an opportunity to deliver homes for buyers where the payoff is larger than the profits,” said Kurt Carlton, co-founder and president of New Western. Yahoo
AROUND NEWS CORP
A $38.1 Million Nantucket Home Sale Sets Massachusetts Record [The Wall Street Journal]
The Top 10 Postcodes Where Sellers Have the Upper Hand [The Times of London]
Watch Your Step: Borrowers Could Fall off Mortgage Cliff as Loan Repayments Expire [news.com.au]
Stylish and Whimsical: 5 Dining Room Decor Pieces Inspired by Wes Anderson [Realtor.com]
