Prime Central London Properties Picked Up Steam in August
High-value properties, between £5 million and £10 million, led the market recovery for the sixth consecutive month. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Queen Anne Mansion in the Heart of Downtown Seattle
A historic jewel stands on one of the city’s most exclusive streets. Read More
TAX TALK
How Do I Avoid Paying Double Taxes on Adjacent Plots of Land?
I’m buying two adjacent plots of land in Miami. I’m tearing down both houses to build a new one. Is there anything I can do to avoid paying double the taxes? Read More
NEWS BITES
U.K. Home Prices Rise by 1% in August U.K. housing prices beat their forecast last month, buoyed by a strong job market and low inventory of homes, according to a report by the mortgage lender Halifax. The 1.1% rise beat the estimated .2% rise in a consensus estimate Reuters poll. Home prices also increased 2.6% year on year in the three-month period, an increase on the 2.1% rise in the three-month period ending in July. Financial Times
Miami Beach Home Hits the Market Before Storm for $11 Million A Miami Beach home in the Venetian Islands with a direct bay view hit the market, asking $11.45 million. The property comes to the market at a strange time, with the possible approach of Hurricane Irma into the Miami area this weekend. The property listing stresses the view over Biscayne Bay, the lot, the 107 feet for waterfront frontage, and the plans in place for a new home designed by SAOTA. The current home, built in 1933, sold for $10 million in April. Curbed Miami
U.S. Home Prices Up 6.7% Year Over Year in July By both year-on-year and month-on-month measurements, U.S. home prices are way up. According to CoreLogic HPL, prices increased 6.7% year on year from July 2016 to 2017, and month on month by .9%. CoreLogic HPL forecasts that prices will continue to increase by 5% year to July 2018, and .4% from July 2017 to August 2017. The price increase is driven by strong home price growth in the Pacific Northwest and Mountain states. World Property Journal
Canadian Interest Rate Hikes Hit Consumers With Mortgages The Central Bank of Canada increased its interest rate on Wednesday, the second rise since July. This will impact consumers holding variable rate mortgages, consumer debt tied to bank prime lending rates, or lines of credit. Prime interest rates have risen to 3.2 %, a .5% rise from July. The measures were put in place to try to prevent the economy from overheating. Vancouver Sun
AROUND NEWS CORP
A Chunk of the Hawaiian Island of Molokai Seeks $260 Million [The Wall Street Journal]
Where Selling Your Own Home (Without an Agent) Could Get You the Best Price [MarketWatch]
This UWS Home Inspired Woody Allen [New York Post]
7 Pricing Myths to Stop Believing If You Ever Hope to Sell Your House [Realtor.com]