‘Warm Shell’ Properties Best for Buyers Who Want One-of-a-Kind Homes
Investors may find more value in a move-in ready, commoditized unit. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Truly Unique Home in Napa Valley
The house was designed by a student of Frank Lloyd Wright. Read More
NEIGHBORHOOD NOTES
Malibu: The ‘It’ Beachfront Neighborhood for Los Angelenos
Long a Hollywood getaway, Malibu has seen prices soar. Read More
NEWS BITES
U.K. Home Price Growth Rate Has Improved in 2018 The annual U.K. home price growth rate is at 3.2% so far this year, up from 2.6% at the end of 2017. Nationwide’s chief economist called the improvement surprising, given a softening market and low mortgage approvals. However, one agent said, "Pent up demand appears to have shot off like a coiled spring as soon as New Year was out of the way." City A.M.
San Francisco Bay Area Home Prices Saw Double-Digit Increases Again San Francisco Bay Area home prices have increased for a record-breaking 69 straight months, and in December saw their fifth consecutive month of double-digit increases, rising 13.8% year-over-year. The median price for a single-family home in the region is now $765,000. "We still have an inventory-starved market where demand is outpacing supply," said Andrew LePage of CoreLogic. Miami Herald
British Columbia Cities Recommend Further Measures to Improve Affordability A group representing British Columbia-area cities has issued a report with 32 recommendations for Canadian local governments looking to address lack of affordability. Suggested remedies include tax measures to slow speculation, penalties for house flipping, and increased development of well-priced rental housing. BNN
Perth Home Prices Grew in December, but Declined for the Year Home prices in Perth, Australia, grew 0.5% in the December quarter, up to a median of A$557,567 (US$443,282), but still fell 2.5% year-over-year. "After multiple consecutive quarters of house price declines and fluctuating unit prices, the Perth market is showing signs of growth," said Domain Group data scientist Nicola Powell. "Perth’s housing market outlook for 2018 depends largely on whether the city’s economy and population tracks upwards throughout the year." Domain
AROUND NEWS CORP
T-Mobile Chief Lists Manhattan Penthouse with Big Plans for $22 Million [The Wall Street Journal]
Grand Designs for Better Housing [The Times of London]
Here’s Why Chicago, Porto and Melbourne Apparently ‘Have It All’ [MarketWatch]
Step Inside This Tricked-Out, Glass-Walled Miami Condo [New York Post]