Three Australian Cities Where the Window Is Opening to Home Buyers
Why house hunters should take a close look at Perth, Adelaide and the Gold Coast as the country’s market picks up again. Read More
BY THE NUMBERS
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Why CFOs Can Benefit From Dynamic Finance
The principles of dynamic finance can help organizations become more streamlined, responsive and quick to deliver change. It’s about having simplified, standardized processes, a foundation of enabling technologies and a skilled workforce. Here’s a summary of seven core principles and how they work in practice.
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TRENDING TODAY
MANSION GLOBAL ON YOUTUBE
A Utah Megamansion Roughly as Big as the White House
This 51,000-square-foot megamansion in Springville, Utah, is one of the largest homes in the U.S., and with an indoor basketball court, bowling alley, resort-style swimming area and shooting range, it has something for everyone. Watch
LISTING OF THE DAY
It’s Rented for $350,000 a Month. Meet One of the Priciest Homes for Sale in Miami Beach.
Amenities in the furnished seven-bedroom home include a dock and 70 feet of waterfront, a pool and spa, a bar, a gym and a home theater. Read More
NEIGHBORHOOD NOTES
The Beatles’ Famed Abbey Road Runs Through One of London’s Most In-Demand Neighborhoods
St. John’s Wood, full of villas and megamansions, charms with its elegant, leafy atmosphere and artistic heritage. Read More
NEWS BITES
Lionel Messi’s Inter Miami Move Just Raised the City’s Appeal Among Latin America
Lionel Messi has spurned Saudi Arabia in favor of David Beckham’s team Inter Miami—and the local real estate market is psyched about it. The Argentinian soccer star, who could play as soon as July, already owns several condo units in Sunny Isles, including one on the 47th floor of a Porsche-branded tower and two a short distance away at Trump Royale. Messi will most likely be upgrading his long-term digs—but more importantly, could help spur greater interest in the team and tourism from Latin America, which is always good for local housing demand. “This just put Inter Miami as the go-to place,” said Cyril Bijaoui of the Corcoran Group. The Real Deal
Florida, California and Texas Lead the U.S. in Foreclosures as They Rise Nationwide
Foreclosure-related filings in the U.S., including default notices, scheduled auctions and bank repossessions, were up 7% from April and increased 14% annually to a total of 35,196 properties, according to ATTOM real estate data. Additionally, lenders began the foreclosure process on 23,245 properties, which is 4% higher than April and 5% higher than last year. Florida led the states with the most foreclosure starts, followed by California and then Texas. Despite these increases, these rates are about level with pre-pandemic lows, so the heightened number of foreclosures could be part of a post-pandemic normalization process. NBC News
Las Vegas Ranks No. 5 in the U.S. for Steepest Drop in Property Value
Home prices in Las Vegas are dropping fast, according to Zillow. In fact, Sin City ranked No. 5 for the largest annual drop in value in May, 6.9%. Although Las Vegas agents have reported prices are trending upward compared to earlier this year, Orphe Divounguy, a senior economist for Zillow, said the year-over-year slowdown was all but inevitable after the city’s pandemic boom. “Las Vegas is experiencing a much-needed market rebalancing,” Divounguy said. “Homeowners saw their homes appreciate roughly 43% from the start of the pandemic, so that increase was obviously unsustainable.” 8NewsNow
Rapper Swae Lee Selling California Home for $4.4 Million
Rapper Swae Lee is looking to turn a tidy profit on his California home. Lee, whose given name is Khalif Malik Ibn Shaman Brown, purchased this six-bedroom, nine-bathroom home in Woodland Hills, California, in 2019 for $3.5 million. Today, he’s asking $4.4 million for the nearly 9,000-square-foot spread that sits on nearly a half-acre. The enormous house was recently renovated in a clean and modern design. A massive circular staircase spirals from the foyer to the second floor, with a sparkling chandelier in the center. Realtor.com
AROUND NEWS CORP
Boston Celtics Co-Owner Lists Home With Two Basketball Courts [The Wall Street Journal]
Inside the Former Convent That Is Now a Stylish Milan Apartment [The Times of London]
Everyone’s Talking About Home Equity: Here’s What Yours Means in Today’s Market [Realtor.com]
Abandoned, ‘Unlivable’ Sydney House Listed for A$2.5 Million [news.com.au]
