America’s ‘Most Expensive Home’ Gets $62 Million Discount

The home is back on the market after a buyer pulled out of a near $190-million deal. Read More

BY THE NUMBERS 


TRENDING TODAY 

LISTING OF THE DAY 

Queen Charlotte’s Orangery Has History and Charm

The home in Bath, England, dates back to the early 19th Century. Read More

SMART HOMES 

A Guide to Smart Windows and Shades

The appeal of intelligent windows and shades is transparent. Read More

NEWS BITES 

Buyers Experience Competitive U.S. Market
Brokers are reporting that the current U.S. market is more competitive than ever in recent memory, a result of low inventory and rising prices. Increased building costs, shortages of labor and new regulations have led to years of underbuilding that are now coming to a head with inventory down 42 consecutive months and 8.5% from last year. At the same time, millennials are aging into prime first-home buying time at the same time that baby boomers are beginning to downsize, leading to even greater competition for the same homes. Curbed

San Francisco Homes Appreciation Rate Far Greater Than Average Salary
San Francisco homes appreciate at a rate greater than the area’s average wages, according to data from Zillow. The site found that homes are appreciating $60 for each hour of a 40-hour workweek. That far exceeds the area’s average salary of $36.61 per hour or the national figure of $23.86 per hour. In San Jose, houses are gaining value even more quickly, appreciating $98.81 per working hour. South China Morning Post

Housing Cost Worries Common for Young Residents of Los Angeles
Living in Los Angeles is becoming increasingly difficult for young adults, according to a study from the Luskin School of Public Affairs at UCLA, which showed that housing costs are weighing heavily on the minds of the city’s younger population. The study was part of an index on quality of life that measured nine categories, among them cost of living. Of the nine, cost of living scored the lowest, driven by the high housing costs. Los Angeles Times

New Mortgage Rules Could Cool Australia’s Housing Market
It could become more difficult to get a mortgage in Australia, as UBS Group analysts predict that the public inquiry into the country’s finance industry will lead to tighter regulation of the mortgage market. That could drag down the housing market, said Sean Fenton, director of Tribeca Investment Partners, as real estate prices are based on credit availability. Sydney’s market has already shown signs of cooling, with prices in March falling 2.1%  year-over-year, according to CoreLogic. South China Morning Post

AROUND NEWS CORP 

Take Sides on the State of the Market
[The Times of London]

Eli Manning Sells Condo for Highest Price in Hoboken History [New York Post]

Buyer Traffic Rising as Real-Estate Agents Report Concern Over Mortgage Rates, Inventory [MarketWatch]

How the French Keep House: 6 Secrets You’ll Be Dying to Steal [realtor.com]