The city’s boroughs had mixed results in the fourth quarter of 2017. Read More
BY THE NUMBERS
LISTING OF THE DAY
The home has its own lower-level bar area for apres-ski drinks. Read More
New buyers of investment property may no longer claim certain deductions. Read More
New Home Approvals Up in Australia
Australia saw approval for new homes hit a 10-month high in November 2017, according to the Australian Bureau of Statistics. Close to 10,000 approvals were issued, a number that was up 0.9% month-over-month and 11.7% year-over-year. While regions like Victoria, Tasmania and Australia were all among those with gains in approvals, the numbers were down in the Northern Territory, Queensland, New South Wales, Western Australia and Australia Carpal Territory, which saw a 21.9% drop.
Houston Real Estate Has Record Year
The devastation of Hurricane Harvey didn’t stop Houston from having a record number of home sales in 2017. According to the Houston Association of Realtors, the city had 79,117 sales of single-family homes totaling $23 billion, an increase of 3.5% on the year prior. The median price rose 3.8% to $229,000. While the Houston job market is expected to grow in 2018, some project the real estate market to slow as a result of a lowered housing supply and changes stemming from the new tax policy.
‘Grey’s Anatomy’ Star Lists Sag Harbor, New York, Home for $3.79 million
Ellen Pompeo, who’s best known for portraying Dr. Meredith Grey in television series “Grey’s Anatomy,” has listed her Hamptons farmhouse for $3.79 million. She bought the 8.3-acre property in 2011 for $925,000, tore down the house that stood on the land, and built a brand new 2,400-square-foot home in its place.
Higher Mortgage Rate Would Make It Cheaper to Rent Than Buy in Much of Hong Kong
A shift in the mortgage rate in Hong Kong would make it less expensive to rent than buy in seven out of 10 housing estates. It’s currently cheaper to rent than buy in 11 out of 50 estates, but a mortgage rate increase to 3% from the current rate of 2.15% would make that the case in 37 estates. That shift could have the effect of lowering housing prices in a city that’s faced a serious unaffordability issue.
AROUND NEWS CORP
Palm Beach Notches Big-Ticket Home Sales [The Wall Street Journal]
What the 20 Most Popular Home Renovations Are Really Worth in 2018 [realtor.com]
This Brooklyn Neighborhood’s Home Prices Keep Stunning [New York Post]
What Dogs Are Best for Apartment Living? [news.com.au]