This Mortgage Rate ‘Magic Number’ Would Reignite the U.S. Housing Market
Activity will start to rebound once rates decline, but many are wondering how low rates must go before consumers resume buying and selling en masse. Read More
BY THE NUMBERS
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LISTING OF THE DAY
A Hilltop ‘Landmark’ Is Selling in South Africa’s St. Francis Bay Resort Town
The villa, built in the village’s defining white-washed, black-roofed design, stands on a knoll overlooking the ocean. Read More
Neighborhood Notes
Getxo: A Charming Spanish Town Steeped in History That’ll Make You Feel Like You’re on A Permanent Vacation
Buyers and visitors come to escape the heat, but the city offers a lot more, including a vibrant culinary scene, beaches and top museums. Read More
NEWS BITES
Canadian Housing Starts Plummeted in November
The annual pace of Canadian housing starts fell 22% in November, according to the Canada Mortgage and Housing Corp. The agency said the seasonally adjusted annual rate of housing starts in November came in at 212,624 units, down from 272,264 in October. The rate of starts in Montreal was down 30%, while Toronto and Vancouver both saw a drop of 39%, driven by significantly lower multi-unit building. Penticton Herald
Simple Australian Coastal Cottage Asks Upward of A$2 Million
A humble 1960s coastal cottage in New South Wales, Australia, might not look like luxury at first glance, but its coveted location makes the property a top-notch offering and it’s on the market with a price guide of A$2.1 million to A$2.3 million (US$1.4 million to US$1.5 million). The property is in Brunswick Heads, a beach town 15 minutes north of Byron Bay, and consists of a three-bedroom cottage behind a wire fence and a separate, two-bedroom apartment. Agents suggest the cottage could be transformed into a “luxurious coastal retreat.” Domain
Pop Singer Sabrina Carpenter Buys Recently Updated 1930s Hollywood Hills Home
Singer-actress Sabrina Carpenter has snapped up a newly redesigned Los Angeles home in the Hollywood Hills. The former Disney star paid about $4.4 million for the nearly 3,500-square-foot home, which was initially listed for just under $4.8 million. Design-developer duo House of Rolison purchased the 1930s house nine months ago for $2.3 million. They reimagined the dated space by adding design details like wide plank oak floors, vaulted oak ceilings, vintage Spanish Revival-style lighting and arched windows looking out toward the city. The four-bedroom home sits on a full half-acre, a rare amount of space in the hills. Robb Report
London Homes Over £10 Million Have Sold at Fastest Pace in Eight Years in 2023
Uber-luxury home sales in London registered their highest showing in 2023 in eight years, according to a report from Knight Frank. There were 175 deals for homes priced at £10 million (US$12.7 million) or more annually in November, the data showed. That’s down from the 2014 record of 225 transactions, when high-end sales leapt just before the introduction of higher rates of stamp duty for properties above £1 million. However, the annual total for 2023 is set to be even higher, as a number of big deals go through in December, including the £138 million purchase of a Mayfair mansion by Indian billionaire Adar Poonawalla, known as “the vaccine prince” due to his family’s vast vaccine factories. The Guardian
AROUND NEWS CORP
Inside the Stylish Wheelchair-Friendly Home of a Tech Power Couple [The Times of London]
Sydney Auction Numbers 20% up on the Last Big Saturday Property Selling Day of the Year [news.com.au]
Deal? Rent Howie Mandel’s Hidden Hills Hideaway for $50K a Month [Realtor.com]
Mark Zuckerberg Building $100M Hawaii Compound With Massive Underground Bunker: Report [New York Post]
