Sales of Homes Over $5 Million Plunged in New York City at End of 2017
"Affordable Luxury" grew during the first quarter of last year as buyers shied away from the most expensive homes, REBNY says. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
Waterfront Spec House in a Quiet Miami Beach Neighborhood
Amenities include a new Ipe dock suitable for large yachts. Read More
TAX TALK
Does the Floor Number of My Los Angeles Condo Determine the Taxes I’ll Pay?
One buyer looking to purchase two apartments in one building wonders if taxes will differ. Read More
NEWS BITES
Washington, D.C., Real Estate Saw ‘Trump Bump’ in 2017 In 2017, three of the top-10 most expensive property sales of the year were to Trump administration officials. And even without the so-called "Trump bump," D.C.’s luxury home market was healthy. Six of the top-10 most expensive homes went for more than $10 million, setting a new bar for ultra-luxury real estate at over $6 million. The Washington Post
Silicon Valley Homes Pricing Out Even Tech Workers Home prices in Silicon Valley are so high that even well-compensated employees have a tough time buying, according to a study from the start-up Open Listings. Paying for a home within 20 minutes of the campuses of Apple, Google or Facebook would take over 28% of the salary of a software engineer. That stretch would make it difficult for employees to secure a home loan, which could mean an issue for companies’ employee retention. Mercury News
Single, First-Time Buyers in the U.S. Need 11 Years to Save Saving for a down payment will take 11 years for the average first-time buyer and five years for a first-time-buying couple, according to research from Zillow. In high-priced regions, options are even more limited. The average person would need 30 years to save for a down payment on a San Jose, California, home. Property Wire
Home Technology Looks to Evolve Apartment Living New home technologies are becoming a major amenity in apartment and condominium buildings. Among the promising new services are smart intercoms that allow delivery people access to a home or building when the residents are away and automated systems for placing work orders. Experts believe these technologies could be particularly critical to help make buildings without doormen more appealing. National Real Estate Investor
AROUND NEWS CORP
Tokyo’s Growing Yen for High-Rise Apartments [The Wall Street Journal]
Model-Turned-Diplomat Spends $1.7M on Miami Penthouse [New York Post]
Home-Builder Sentiment Stays Very Strong in February, NAHB Says [MarketWatch]
Looky-Loos: 7 of the Most Stunning Bathroom Design Trends of 2018 [realtor.com]