From inventory to currency, a number of factors can point to declines. Read More
BY THE NUMBERS
LISTING OF THE DAY
The house, built this year, is in a historic area. Read More
Huge lots, mega-mansions and exceptional privacy make this the Canadian city’s most desirable enclave. Read More
U.S. Homeowners Gained Over $1 Trillion in Last Year
Homeowners in the U.S. have gained a collective $1.01 trillion in equity over the last year, according to CoreLogic, a property-data tracking company. Home equity jumped 13.3% in the first quarter of 2018 in a year-over-year comparison. The increase is the largest since 2014, and means an additional $16,300 in home equity for the average borrower. Despite the gains, the report also found that 4.7% of homeowners with a mortgage owe more on their homes than they are worth. That’s 2.5 million borrowers.
Childhood Home of Australia’s Stenmark Twins Lists for A$11 Million
The childhood home of Australian model twins Jordan and Zac Stenmark, 26, was listed this week for A$11 million (US$8.4 million). The five-bedroom, five-bathroom Sydney house has an open-living space that leads out on a terrace and pool, a master suite with two walk-in closets and a private terrace overlooking the Sydney Harbour and a modern eat-in kitchen. The twins’ parents, Damien and Susie Stenmark, bought the home for A$2.65 million in 1998.
In 10 Years, Over Half of London Properties Won’t Be Eligible for Stamp Duty Relief
As home values in London rise over the next decade, more than half its properties will no longer be eligible for tax breaks for first-time buyers, according to U.K.-based mortgage adviser L&C Mortgages. Currently, 57% of the city’s properties can qualify for the stamp-duty relief, meaning they are priced at under £500,000 (US$670,000). By 2028, only 28% of homes will be less than £500,000 (US$670,331) and therefore eligible for the benefit, according to the report.
Home Price Difference Between England and Isle of Man Is Getting Smaller
The difference in property prices between England and the Isle of Man is shrinking, according to the U.K. government. The average price of a property on the Isle of Man, an island in the Irish Sea, between Great Britain and Ireland, was £248,250 (US$333,000), as opposed to an average price of £240,949 (US$323,000) in England. That represents a 0.4% and a 4% rise, respectively, over the last year as of March.
AROUND NEWS CORP
Longtime Malibu Home of Debbie Reynolds Asks $18 Million [The Wall Street Journal]
Step Into My ‘Shoffice,’ the New Garden Must-Have [The Times of London]
Matt Lauer Will Be Allowed to Keep New Zealand Farm [New York Post]
7 Outdoor Improvement Projects You Can Start—and Finish—This Weekend [realtor.com]