U.S. Home Prices Just Fell for the First Time in Six Years
The average listing price slipped nearly 1% since last June. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
A Cliffside Villa Takes in Mexico’s Bay of Banderas
The home is part of a new development by Auberge Resorts Collection along the Riviera Nayarit. Read More
TAX TALK
How Do Property Taxes Compare Between Kansas City and St. Louis?
Property taxes in the two Missourian cities are set at a county level and are fairly similar, ranging from approximately 1.1% to 1.45% of market value. Read More
NEWS BITES
Rugby Australia Chairman Buys A$30 Million Home in Sydney’s Darling Point
The chairman of Rugby Australia, Hamish McLennan, plunked down A$30 million (US$19.9 million) for a five-bedroom, five-bathroom residence in the Sydney suburb of Darling Point—a considerable discount from the original A$40 million guide price. Sellers Mark Kerry, a former swimmer and three-time Olympic gold medal winner, and his interior designer wife, Lynda, helmed a three-year, roughly A$7 million renovation. It boasts views of Sydney Harbour, plus a pool. realestate.com.au
Futuristic Home Designed by Famed Architect Bruce Goff Lists for First Time for Nearly $1 Million
Bruce Goff was a mid-century architect known for his whimsical, one-of-a-kind designs. Now, a Prairie Village, Kansas, home he built in 1967 has hit the market for the first time, asking $975,000. The one-bedroom, two-bathroom abode boasts a triangular floor plan with an open living area featuring a three-sided fireplace, floor-to-ceiling windows, original wood accordion-style folding partitions and bright yellow countertops. Yahoo
U.K. Saw Uptick in Mortgage Approvals in May
Mortgage approvals in the U.K. rose to 55,500 in May, up from 49,000 the previous month, according to the Bank of England. It could be a blow to prospective buyers, who may be reluctant to apply for a home loan after the latest rate increase. The average rate for a five-year fixed-term mortgage now sits at 5.83%, up from 5.17% since the start of June. CityAM
Material Costs, a Labor Shortage and Severe Weather Send Construction Costs in Canada Rising
Canada’s residential construction price index has risen 51% since March 2020, the start of the Covid-19 pandemic. Material costs, weather events and a labor shortage are the main culprits, according to the report from the Royal Bank of Canada. Prices for steel, concrete and other materials have climbed more than 50% over the last three-plus years, while development fees have climbed as much as 30% year over year in some parts of the country. Extreme weather events, factory shutdowns and the country’s labor shortage have only exacerbated the situation, limiting supply and driving up prices. BNNBloomberg
AROUND NEWS CORP
Frank Lloyd Wright Built 120 Homes Near the End of His Life. Just One Original Owner Remains. [The Wall Street Journal]
What You Get for £900,000 in Hampshire, Suffolk, London, Aberdeenshire and Spain [The Times of London]
Major Tax Crackdown on Landlords Side Hustles and Airbnbs [news.com.au]
Rapper French Montana Lists His Astounding California Mansion for $22.7 Million [Realtor.com]
