U.S. Home Price Growth Slows to Lowest Point Since 2016
The median price of a house in the U.S. was up just 0.9% last month. Read More
BY THE NUMBERS
TRENDING TODAY
BARRON’S LIVE
State of the Housing Market in New York
BHS CEO Bess Freedman joins Mansion Global in a chat about the state of the New York City housing market and the once-booming Hamptons, and how national trends are playing out in both. Friday, June 2 @ 12PM ET.Sign up
LISTING OF THE DAY
This Lavish Log Cabin in New York’s Hudson Valley Is a Car Collector’s Dream
The 227-acre compound offers three barns, two wine cellars and a showroom space for up to 35 cars. Read More
TAX TALK
Can You Explain the Property Tax Proposal in Colorado?
The bill reduces property tax rates for homeowners, but some say the measure comes at too high a price. Read More
NEWS BITES
Dramatic Drop in Number of Investors Buying in Las Vegas
The real estate investor boom in Las Vegas appears to be over. Investor sales in the metro Las Vegas area plunged 60% in the first quarter compared to a year earlier, according to a report from Redfin. That was well above the 48.6% national average for metro areas. Las Vegas had the sixth-biggest drop in investor sales among metro areas nationwide, the report said. Las Vegas Review-Journal
Fintech Mogul Purchase Sets a Home-Sale Record in Australia’s Tony Byron Bay
Anthony Eisen, founder of Australian fintech startup Afterpay, has bought a second home in the country’s tony surf town Byron Bay for around A$23 million (US$15.1 million). The final public record has yet to reveal the exact closing price, but the deal is very likely to set a record for the town. The home hasn’t traded hands since 1997, when it sold for A$1.225 million. The last record was set in 2020 when another home on Wategos Beach just a few doors away sold for A$22 million. Domain
Gilded Age Pittsburgh Mansion Lists for $2.8 Million
An 1874 home in Pittsburgh has hit the market for $2.8 million. Known as Grandview, the 4,000-square-foot home is the oldest on the street, and is on the market for the first time in 30 years. Period details include 14-foot ceilings, original hardwood floors and an antique iron fountain surrounded by a garden. “The property is situated on the largest lot on the legendary Grandview Avenue, which offers breathtaking views of downtown Pittsburgh,” says listing agent Heather Kaczorowski of Piatt Sotheby’s International Realty. “It’s one of the most famous and sought-after locations in all of Western Pennsylvania.” Realtor.com
Chicago-Area Mansion From ‘Empire’ Heads to Auction 10 Years After Hitting the Market
A decade after first listing for sale, a Barrington Hills, Illinois, mansion that appeared on the show “Empire” is going under the hammer. The 17,6000-square-foot estate was first listed for $15.3 million in 2013, and then returned to the market in 2019 at a discounted price of $9.5 million. After another price cut to $7.5 million, the 8.3-acre property went under contract twice, but neither deal went through. The six-bedroom, 10-bathroom is scheduled to be auctioned off July 15. The home has multiple terraces overlooking a swimming pool and fountains, and it sits between two lakes. The Real Deal
AROUND NEWS CORP
Ben Affleck and Jennifer Lopez Close Deal on $61 Million L.A. Megamansion [The Wall Street Journal]
The Housing Market Has a ‘Chicken and Egg’ Problem—but Buyers Have Finally Hatched the Perfect Workaround [Realtor.com]
What You Get for £1 Million in Cornwall, Gloucestershire, Birmingham and New York [The Times of London]
Jeff Bezos and Lauren Sanchez Rent Kenny G’s Malibu Pad for $600K/Month [New York Post]
