Good News for U.S. Home Buyers: For the First Time in Over a Year, More New Listings Are Hitting the Market
Sellers are finally listing their homes, after accepting that mortgage rates aren’t likely to drop anytime soon. Read More
BY THE NUMBERS
| CONTENT FROM: 200 Amsterdam |
 |
Debuting 200 Amsterdam’s Premier Full Floor Residence: 41
Presenting the most versatile, classically composed, four-bedroom residence with epic Central Park and Hudson River views. Discover 200 Amsterdam’s Penthouse Collection, crowning its landmark tower. At 80% sold with premium inventory remaining – 200 Amsterdam is the top selling building in NYC. 3-5 bedrooms, full floor & duplex residences from $6.25M. Immediate Occupancy.
Learn More
|
|
|
TRENDING TODAY
LISTING OF THE DAY
Live Like James Bond on a Seaside Cliff in Spain
The modern home known as Villa Spectre is located in Mallorca, but looks like it belongs in the Hollywood Hills. Read More
REBUILDS & RENOS
A Corten-Clad ‘Tree House’ Comes Alive in Suburban D.C.
The owners reworked a dysfunctional layout and added windows and skylights to bring the outside in. Take a look at the transformation. Read More
NEWS BITES
Property Prices Rose in All of Australia’s Capital Cities in the Third Quarter
The residential property market in Australia has almost recovered from the 2022 downturn, with house prices rising in every capital city, according to Domain data. The national median house price is just A$2,000 (US$1,262) shy of returning to pandemic boom highs. Both Sydney and Brisbane are expected to surpass their previous peak prices and hit new records by the end of the year. Sydney’s housing market incurred losses of A$148,092 from the median price during the downturn; it has already recouped A$135,705 of that. Brisbane lost A$47,381 and has recouped A$39,020, a difference of 1%. Domain
Borrowing Costs for Canadian Home Buyers Set to Stabilize After Interest Rates Are Held at 5%
Canadian home buyers taking out a mortgage can expect stable but elevated borrowing costs in light of the Bank of Canada’s decision to hold interest rates at 5%. This is the second time the bank has decided to keep rates steady after a series of hikes that started in March 2022. The rate pause offers “welcome relief for Canadians,” said Alana Riley, head of mortgage, insurance and banking at IG Wealth Management. The decision “can provide a sense of stability and assurance to both current and prospective mortgage holders, supporting a more predictable and sustainable environment for the housing market.” BNN Bloomberg
Off-Plan Sales in Abu Dhabi Surged 101.6% in Third Quarter
Home sales in Abu Dhabi spiked 84.3% year over year in the third quarter, with deals for new construction up a whopping 101.6% and resales up 46%, according to CBRE. Meanwhile, the average price of a villa was flat, but apartment prices were up about 1%. Government initiatives and overall growth in the economy, driven by higher oil prices, have brought more demand to the area. The National
Late Architect Thierry Despont’s 34-Acre Hamptons Estate Is Back on the Market for $20 Million
The Hamptons home of the late French architect and designer Thierry Despont has been relisted for $20 million. Dubbed the Rosewood Farm Estate, once home to the Southampton Riding & Hunt Club, Despont purchased the property in a series of deals between 2011 and 2013, acquiring 34 acres for a total of about $8.5 million. It includes a 5,500-square-foot, six-bedroom primary residence, once the riding club’s main barn; a separate four-bedroom guest house or caretaker’s residence; a pool house converted from former stables; and a converted barn/four-car garage, which also served as Despont’s art studio. It was originally listed in May of this year for $23.5 million. Despont died in August at age 75. Robb Report
AROUND NEWS CORP
In This Texas Enclave, Homes Cheaper Than $1 Million Are Few and Far Between [The Wall Street Journal]
Should I Buy a Heat Pump and How Much Will It Cost? [The Times of London]
Still D.R.E.’s Place: Why Hasn’t Dr. Dre’s $20M Malibu Home Sold After a Year on the Market? [Realtor.com]
Fashion Designer’s A$2 Million Profit in Four Years [news.com.au]
