Orange Leather, Black Ceilings, Neon Lights—the Latest Design Trend Is Pushing Home Stagers to the Max
Maximalism is blowing up the old rules on how to prep a luxury home for the sales market, as bold patterns and character replace the conservative decor and palettes that were once de rigueur. Read More
BY THE NUMBERS
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LISTING OF THE DAY
A One-Bedroom Inside a Mid-Century Modern Manhattan Landmark
The 1950s building has been home to a host of celebrities, including actresses Grace Kelly and Imogene Coca and jazz great Benny Goodman. Read More
SMART HOMES
Vintage Modern: A Guide to High-Tech Record Players
Make the most of your music collection with the latest smart technology. Read More
NEWS BITES
Canberra, Australia, Ranked as the Capital City With the Largest Homes
Canberra, the capital city of Australia, has the largest homes of any world capital, according to an analysis from building material supplier, Buildworld. The average home size in the city clocks in at 256.3 square meters, or roughly 2,759 square feet. That’s 560% more space than the bottom-ranked Moscow, where the average home size was 45.5 square meters, or 490 square feet. news.com.au
In the U.S., Flood Zone Homes Could Be Seriously Overvalued
Flood zone property prices in the U.S. could be overvalued by anywhere from $121 billion to $237 billion, according to a study from the Environmental Defense Fund (EDF), the Federal Reserve and other organizations. “Increasing flood risk under climate change is creating a bubble that threatens the stability of the U.S. housing market,” said Jesse Gourevitch, the lead author of the study. “As we’ve seen in California in the last few weeks, these aren’t hypotheticals and the risk is more extensive than expected—and that risk carries an enormous cost.” Yahoo Finance
Condo Prices Hit Record High in Japan
In Japan, the average price of a new condominium unit hit a new high of 51.21 million yen (US$379,770) in 2022, pushed up by the high cost of construction materials, according to the Real Estate Economic Institute. Prices could continue to rise this year with the arrival of new high-end condo projects in and around Tokyo as well as a growing number of dual-income households, an official of the institute said. Nippon
Discounts on Offer in California’s Bay Area
For the first time in more than a decade, the average home in the notoriously expensive Bay Area is selling for less than the asking price, according to data from online property portal Redfin. Prices across the five core Bay Area counties are down between about 5% and 10% compared to this time last year, and around 25% to 35% under their all-time high in May. The Brunswick News
AROUND NEWS CORP
Their Offer Was Accepted. The Only Problem—The House Wasn’t For Sale [The Wall Street Journal]
The Fashion Insider’s Guide to Having a Stylish Eco-Friendly Home [The Times of London]
Homeowners Reveal Their Secrets: ‘How I Snagged My Home!’ [Realtor.com]
Sydney Suburbs Under A$1.5 Million Tipped for Price Growth in 2023 [news.com.au]
