Shhh! … How to Find Whisper Listings
The extreme shortage of homes for sale limits choice for buyers, but some know where to look off market. Read More
BY THE NUMBERS
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A Way to Maximize Your Multicloud Strategy
Most enterprises use multiple cloud platforms—inadvertently—from bringing in new services ad hoc without a holistic strategy. The complexities of maintaining a multicloud environment include holes in security, redundant services and difficulty finding workers. To simplify cloud management—and fully realize the benefits of their cloud investments—some are turning to a new strategy.
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TRENDING TODAY
LISTING OF THE DAY
Glass-Walled Duplex Atop the Museum of Modern Art Soars Above Midtown Manhattan
Penthouse 76 features its own elevator, two bars, designer furnishings and a double-height great room. Read More
NEIGHBORHOOD NOTES
The ‘Quiet Star’ of Dubai’s Housing Boom
The Business Bay neighborhood has a wide variety of condo options, many with canal views, top restaurants and quick access to of the world’s biggest shopping centers. Read More
NEWS BITES
Scarce Supply in Toronto Dampening the Luxury Market
A scarcity of luxury listings contributed to a 64% year-over-year decline in Greater Toronto Area home sales of over C$4 million (US$3 million) in the first quarter of 2023, according to a report by Sotheby’s International Realty. In the first quarter, one property sold for more than C$10 million, compared with eight ultra-luxury residences that sold above this price in the same period in 2022. Overall residential sales over C$1 million were down 57% year-over-year in the Greater Toronto Area. The Globe and Mail
In the U.S., 40% of Adults Own Vacation Homes
Across the U.S., four in 10 Americans own vacation homes, according to a survey of more than 1,000 adults by personal finance site GOBankingRates. The most popular locations across the country for a holiday hideaway were the sunny states of Florida, California and Hawaii. “California, with its stunning coastlines and diverse landscapes, captures the imagination of many seeking a dream vacation home,” said Mike Qiu, owner of GoodAsSoldHomeBuyers. “Yet, California’s real estate market is notorious for its high prices. Desirable areas such as Los Angeles and San Francisco can be especially costly.” Yahoo
Houston Housing Market Shows Signs of Stabilizing
Houston’s real estate market may be beginning to stabilize, according to a report from the Houston Association of Realtors. Last month, sales volume was down 10.4% year-over-year and 1.3% compared to 2019. However, the decrease was the smallest it’s been in close to a year, and could be a sign of improving market conditions, according to Cathy Treviño, head of the association. However, factors such as additional hikes to mortgage rates, increased inflation or recession fears could “slam the brakes on home sales,” Treviño said. Axios
Idaho and Washington State See Greatest Drop in Luxury Home Prices
Home prices soared during the Covid pandemic, and since the market has begun to level off, most states have seen luxury home prices hold up relatively well. However, 10 states, as well as Washington, D.C., have experienced a notable drop in high-end home values. Idaho led the pack, with the average luxury home price dropping 8.57% annually in April to $682,503. Washington state was a close second, with a 8.19% annual drop in average price. California (7.5%), Nevada (5.3%), Utah (5.2%), Washington, D.C. (4.7%), Oregon (4.1%), Montana (3.7%), Colorado (3.5%) and Hawaii (2.3%) rounded out the 10 states with the largest decrease in average luxury home prices. Nasdaq
AROUND NEWS CORP
A Tennessee Estate Asking $65 Million Could Shatter the State Record [The Wall Street Journal]
From Peace Pods to Power Ceilings: Eight Super-Rich Interiors Trends [The Times of London]
Unique and Chic: 5 Vintage Bathroom Looks That Add Big Bang (for Very Few Bucks) [Realtor.com]
Leonardo DiCaprio Renovating Enormous 4-Property, Multimillion-Dollar L.A. Compound [New York Post]
