Where the Ultra-Wealthy Buy in San Francisco
San Francisco’s Pacific Heights-Presidio Heights District leads in high-end luxury sales, but areas outside of the traditional prestige neighborhoods in the north have also seen an uptick. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Luxurious and Modern Colorado Oasis That Offers Real Privacy
You won’t know where the house ends and nature begins in this Vail Valley home, called Walden House. Read More
SMART HOMES
Cutting Edge: The Latest Lawn Mower Technology
Liberate yourself from the time-consuming tyranny of lawn maintenance with an automated smart mower. Read More
NEWS BITES
Further Cooling on U.K. Home Prices in June The rate of the growth of home prices in the United Kingdom slowed down for the third consecutive month in June. Home prices rose year on year 4.9% from last June, as opposed to a 5% year-over-year rise in May, and an 8.2% rise last June. Although this figure beat economist’s predictions of a 4.3% rise for the month, it reflects the issues of the market, including the uncertainty of Brexit. Financial Times
Millennials Buy in Australian Suburbs Helped by government measures, Australian millennials, those 25-34 years old, are looking to buy their first homes, even as they face tough market conditions. Census data reveals that millennials tend to favor Rochedale in Brisbane, Caversham in Perth, Arncliffe in Sydney and Tusmore in Adelaide’s inner east. REA Group Chief Economist Nerida Conisbee says millennial buyers are important to neighborhoods, because they ask for better cafes, restaurants, nightlife and schools, improving the areas. Realestate.com.au
The 2028 Olympics Expected to Have Positive Impact on Los Angeles A decade of preparation for the 2028 Olympics should have the effect of making Los Angeles into a global city. Hosting the Olympics usually provides an influx of money from tourism, broadcasting rights, investment, sales, contracts and trade. It also provides a large increase in funding for commercial real estate and infrastructure. For Los Angeles, this will mean an ambitious program to improve the city’s transportation network. National Real Estate Investor
Conflicting Numbers on Vancouver’s Cooling Market New numbers from the Teranet-National Bank Composite House Index show a price rise of 2.1% from June to July, and national numbers up 2% from last month. These results seem to conflict with the Toronto Real Estate Board numbers, which show a massive slowdown of 21.5% from the April peak on the back of the foreign buyer tax and other cooling measures. Vancouver Sun
AROUND NEWS CORP Home Builder Sentiment Roars Back as Buyers Turn out in Force [MarketWatch]
Newport Home of Campbell Soup Heiress Asks $12.5 Million [The Wall Street Journal]
Converted Church Sells for Record Price [news.com.au]
Mariah Carey Is Getting New Neighbors [New York Post]
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