30 Years After Black Monday, A Look At Its Effects on Real Estate
A record-breaking stock market decline and a lesson on patience. Read More
BY THE NUMBERS
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LISTING OF THE DAY
A Pinehurst, North Carolina, Estate with Deep Golf History
Own a slice of land that inspired one of the area’s most prestigious golf clubs. Read More
TAX TALK
What Are the Property Tax Differences Between Condos and Co-Ops in New York City?
How much you owe depends on the unit’s size and location. Read More
NEWS BITES
Texas Town is Top Zip Code in U.S. for Real Estate A Realtor.com look at the hottest markets in the U.S. on Thursday gave Watauga, Texas, where the median home price is $160,441, the top honor. The rankings were based on the length of time properties were on the market and how often people were viewing homes in the area on realtor.com. Livonia and Kentwood, Michigan; Medford, Massachusetts and Littleton, Colorado rounded out the top five. Realtor.com
1% of Seattle Housing at Risk Due to Climate Change A report by Zillow takes stock of just how much climate change can be expected to transform Seattle real estate in the next century. The study looked at the number of homes that can be expected to suffer damage if sea levels are to rise six feet by the year 2100, a mid-range estimate. Findings show that 1,578 homes, or 1% of the city’s stock, would be at risk. 29% of those fall into the lower-value category, while 59% are in the top tier. Curbed Seattle
American Home Prices Rise 0.8% U.S. home prices showed a growth of 0.8% quarter on quarter in September, according to a report from the firm Clear Capital. The strongest findings were in the West, with Las Vegas, Nevada, seeing 2.5% growth quarter on quarter. The Northeast was on the lower end, with Hartford, Connecticut, down 0.1% quarter on quarter and Rochester, New York, growing only 0.2%, equal to inflation. Property Wire
London Nixes Proposed Superhome Amid Housing Woes London’s Westminster Council on Wednesday turned down an application from radio station Ashley Tabor to develop two apartments in the Knightsbridge building in which he lives into a single mammoth, 10-bedroom residence that would be valued at £180m (US $237.88 million). The council reasoned that the project was unseemly in light of the city’s current housing shortage and said they would not give advantages in housing matters to the wealthy. Financial Times
AROUND NEWS CORP
How Developers Sell the Promise of a Luxury Lifestyle [The Wall Street Journal]
Katie Couric Selling Lavish Park Ave. Apartment for $8.25M [New York Post]
Why We Are Looking—but Not Buying [The Times of London]
We're Building Bigger Houses—and They're Swallowing up Our Yards [MarketWatch]