U.S. Home Prices Continue Six-Year Growth Streak, Says Redfin
U.S. home prices have enjoyed a six-year growth streak since the market bottomed out in 2012, as February reported the largest year-over-year increase in four years, according to a Redfin report released Thursday. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Sleek and Modern Beach House on One of Los Angeles’s Most Coveted Shores
The residence is a masterpiece of steel and glass, its hard edges and modern design offset by the warmth and character of the beach that the home’s buyer will have on their doorstep. Read More
TAX TALK
How Can I Lower My Very High Property Taxes in New Jersey?
I live in New Jersey and have outrageous property taxes. What can I do to reduce them? Read More
NEWS BITES
Colombians Continue to Look Toward the Florida Market South Florida’s popularity among Colombians continued into January, representing 12.6% of the total searchers on the website of the Miami Association of Realtors. That number was up from 10.5% a month ago. Buyers from Colombia and Canada were ranked third for the most home purchases in South Florida last year, with each representing 9%. The total foreign investment in the region last year was $7.1 billion, which was up from $6.2 billion a year earlier. The Real Deal
New Zealand Sees Prices Rise By 7% New Zealand has seen its median home price increase by a significant 6.9% year-over-year in February, bringing it to NZ$530,000 (US$386,656). In Auckland the increase was only 3.7%, according to the Real Estate Institute of New Zealand, while the area of Hawke’s Bay was up a whopping 18.4%. Out of New Zealand’s 16 regions, 14 saw overall prices rise, while the number of sales has also increased with gains of 1.2% year-on-year. PropertyWire
Brisbane, Australia, Suburbs Near Million-Dollar Medians Domain Group data has identified five so-called up-and-coming Brisbane suburbs that are heading toward million-dollar median prices, with prices nearing A$800,000 (US$626,640) or more. There have been significant price increases in the inner north suburbs of Alderley and Gordon Park as well as Woolloongabba, Camp Hill and Seven Hills on the southside, and continued growth is expected. Domain
Actor Forest Whitaker Reconfigures Los Angeles Listing Late last year, Oscar-winning actor Forest Whitaker listed a two-house compound in Hollywood Hills West for about $6 million. He’s now split up the two adjacent properties and is asking $1.5 million for the smaller one—a 2,725-square-foot three-story house on one acre of land—and $3.499 million for the larger one, a 5,500-square-foot Mediterranean villa-style house with five bedrooms and four bathrooms. The Los Angeles Times
AROUND NEWS CORP
Actress Mindy Kaling Sells Another Charming Home in Los Angeles [Realtor]
How Real-Estate Agents Get the Best Homes—for Themselves [The Wall Street Journal]
Ashbury Masterpiece to Go Under the Hammer With Guide of $2.5M [realestate.com.au]
Home-Builder Confidence Drops for Third Month in a Row, NAHB Says [MarketWatch]
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