Cape Cod but Without the Crowds in These Five Coastal Alternatives
Towns from Taylor Swift-favored Watch Hill, Rhode Island, to Saint Andrews, Canada, offer that salty Atlantic air with a little more solitude. Read More
BY THE NUMBERS
| CONTENT FROM OUR SPONSOR: 200 Amsterdam |
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Introducing The Penthouse Collection at 200 Amsterdam
A rarified offering of two expansive Duplex Penthouses and five full-floor, three- and four- bedroom residences crowning the elegant new landmark tower on the Upper West Side. At 200 Amsterdam, three floors of considered amenities, including the Club & Spa with 75-foot Saltwater Pool and Little Composer’s Room, foster a sense of tranquility and balance. Priced from $17.9M. Immediate Occupancy.
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TRENDING TODAY
LISTING OF THE DAY
Live in a 130-Year-Old Victorian Church on the Eastern Side of Lake Michigan
From the bell tower to the stained-glass windows and cobblestone wine cellar, the residence is a commanding presence in a town about 30 miles from Grand Rapids. Read More
THE INSIDERS
Seeking Interior Design Rooted in Cultural Heritage
Perth-based interior designer Katarina Barakovska talks about integrating familial background with modernism and incorporating natural design elements. Read More
NEWS BITES
Real Estate Investors in the U.S. Are Losing Money on Roughly 1 in 7 Home Sales
As high house prices and increased mortgage rates have diminished buyer demand, real estate investors in certain U.S. cities have been forced to sell homes at a loss. In March, investors lost money on 13.5%—roughly one in seven—of homes they sold, according to Redfin. Overall, only 4.8% of U.S. homes sold by investors in March were sold at a loss. This follows February’s loss on 14.5% of investment properties sold, the highest percentage since 2016. Phoenix had the highest percentage of homes sold at a loss by investors at 30.7%. Las Vegas and Jacksonville, Florida, followed at 28% and 20.9%, respectively. Yahoo Finance
New Developments Spur Surge in Sales in Singapore
Sales of new homes in Singapore jumped 80% in April to a seven-month high, driven by the launch of two high-profile projects—Blossoms by the Park and Tembusu Grand. Excluding executive condominiums, which are government subsidized, developers sold 887 units in April, up from 492 in March. On a year-on-year basis, sales rose by 34%, according to data released by the Urban Redevelopment Authority on Monday. The strong April sales figures show that the recent property cooling measures have had a minimal impact on Singaporean buyers, analysts said. CNA
Burger Chain Founder Selling Contemporary Australian Beach House
A contemporary home in Palm Beach, a coastal suburb of Australia’s Gold Coast, is headed to auction later this month without a price guide. The four-bedroom home is being sold by the co-founder of burger and craft beer chain Ze Pickle and comes full of enviable amenities, like a hydraulic car-lift system, a cinema room, a pontoon to dock a boat and direct beach access. The property is scheduled to go under the hammer on Saturday May 27, with Queensland law prohibiting agents from setting price guides for homes going to auction. Domain
Home Prices in Canada up 1.6% as Warm Weather Returns
The spring selling season pushed Canadian home prices up 1.6% to C$723,900 (US$536,000) in April, according to data from the Canadian Real Estate Association. Meanwhile, sales increased 11.3%, but new inventory is at a 20-year low. However, a typical Canadian home still costs 12.3% less than it did this time last year. “With interest rates at a top, and home prices at a bottom, it wasn’t all that surprising to see buyers jumping off the sidelines and back into the market in April,” Shaun Cathcart, the real estate group’s senior economist, said in a statement. “Supply, on the other hand, has been sluggish, hence the price gains from March to April seen all over the country.” BNN Bloomberg
AROUND NEWS CORP
Billy Joel Is Movin’ Out of His $49 Million Long Island Mansion [The Wall Street Journal]
Squatters Took Over Our Spanish Villas [The Times of London]
First-Time Buyers, Rejoice! Builders Are Finally Putting up More Affordably Priced Starter Homes [Realtor.com]
What Your Home Will Be Worth in Five Years [news.com.au]
