House Built for Golfer Rocco Mediate in Naples, Florida, Heads to Auction
The Tuscan-style mansion in a fancy golf community last listed for $3.2 million. Read More
BY THE NUMBERS
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LISTING OF THE DAY
Historic Townhouse on a Quiet Block in Barcelona
The modern interiors are by Italian architect Tobia Scarpa. Read More
DESIGNER'S CORNER
Don’t be afraid to leave "matchy-matchy" decor behind. Read More
NEWS BITES
Rent Marilyn Monroe’s Former Hamptons Rental for $55,000 This Summer An 1830 Amagansett home once rented by Arthur Miller and Marilyn Monroe is available for rent this summer at an asking price of $55,000. The 1,100-square-foot, two-bedroom property was a working windmill before being converted in the 1950s. Other past tenants include Kurt Vonnegut and Terence Stamp. Curbed Hamptons
Australia’s New Home Sales Drop for the Third Month Running Sales of new detached homes in Australia fell 2.7% in March following a 0.7% decline in February, according to a new report from the Housing Industry Association. This marks the third straight month of declines, and new home sales dropped in three out of the five markets studied. South Australia saw a drop of 11.4%, New South Wales saw a decline of 10.2%, and Victoria experienced a 7.2% decline. PropertyWire
Canada’s Mortgage Growth At its Slowest Pace Since 2001 Canada’s total residential mortgage credit grew 0.3% in the past three months, according to the Bank of Canada, marking its slowest pace of growth since 2001. Credit growth was at 0.47% at the end of last year, and the average pace over the past two decades has been 0.57%. The slowdown is thought to stem from a combination of rising borrowing costs and tougher mortgage rules. Vancouver Sun
U.K. Construction Rates Bounced Back to a Five-Month High in April The seasonally adjusted index for U.K. construction hit 52.5 in April, a major uptick from March, when it had hit a 20-month low point of 47.0 following a major winter storm. The increase was primarily led by gains in residential house building, according to the IHS/Markit purchasing managers’ survey. In spite of the relative increase, however, the report notes that "demand across the construction sector remained subdued" in April. City A.M.
Government Curbs Have Dampened Optimism Among China’s Developers In response to ongoing government measures to curb China’s housing market, the nation’s developers are less optimistic about the outlook for 2018 than they have been in recent years. Few developers have released growth forecasts for the year, and those that have have significantly tempered expectations. For instance, Evergrande projected 9.8% growth for the year, compared to 34% sales growth in 2017. South China Morning Post
AROUND NEWS CORP
The Exotic—and Chaotic—Medina of Marrakesh Lures Home Buyers [The Wall Street Journal]
5 Reasons Why Rates Won't Rise Until 2020 [news.com.au]
Owners of Expensive Apartments Evade City Taxes [New York Post]
5 Home-Selling Tips Everyone Hears—and Should Ignore [realtor.com]