U.S. Luxury Prices Return to ‘Normal’
Miami and Park City, Utah, are buyers’ markets, San Francisco and Seattle are for sellers. Read More
BY THE NUMBERS
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LISTING OF THE DAY
A 16th Century Manor House Surrounded by Farmland in Surrey
The eight-bedroom English home has gardens designed by influential horticulturist Gertrude Jekyll. Read More
SMART HOMES
Should You Buy the Apple HomePod?
How the newest smart speaker compares to its competitors. Read More
NEWS BITES
Los Angeles Home of Marc Anthony Selling for $3.35 Million A Tarzana, California, home belonging to Grammy-winning singer Marc Anthony and model Shannon de Lima has returned to the market, priced at $3.35 million. The five-bedroom was originally listed in 2016 for $4.35 million. The couple paid $4.125 million for the home in 2015. Built in 2014, the 6,590-square-foot home has seven bathrooms, two family rooms, a patio and gazebo and a four-car garage. Los Angeles Times
Obamas Not Moving to Gracie Square Despite excitement that the Obamas were soon to become New Yorkers, it now seems that the former president and family will not be moving into the Upper East Side building 10 Gracie Square. Last fall, reports suggested that the Obamas were circling the building, perhaps buying a duplex for sale for $10 million. A source close to them now says that any talk of them bidding on a home in the Upper East Side building, which was once home to Brooke Astor and Gloria Vanderbilt, was false. New York Magazine
A 5% Mortgage Rate Would Change Buying Patterns A mortgage rate of 5% would have significant effects on home-buying patterns, according to a survey produced by Redfin. The current rate is 4.5% and rates have been below 5% since 2011. In fact, 25% of people said they would slow their plans to buy, while around 20% said it would make them buy more quickly. Additionally, 20% said they would look for more inexpensive properties, while 6% said they would forego buying all together. CNBC
Toronto City Council OKs Modest Property Tax Increase Toronto’s City Council voted to raise the residential property tax by 2.1%, opting against measures that would have taken the rate higher. At 2.1%, the average person will pay an additional C$81 (US$64) each year. Concerns remain that the funds produced by the Municipal Land Transfer Tax will take a significant dip if sales slow, causing a troubling deficit. CBC News
AROUND NEWS CORP
L.A. Home with Human Aquarium Seeks $28 Million [The Wall Street Journal]
The Latest Home Design Trends Are Going to the Dogs [MarketWatch]
Brooklyn Development Proposal to Begin Much-Anticipated Trial [New York Post]
6 Useful Housewarming Gifts for the New Homeowner Who Has Everything [realtor.com]