Original Grey Gardens Carriage House in the Hamptons Hits Market for $9.5M
The five-bedroom on Long Island, New York, is offered for the first time in 56 years. Read More
BY THE NUMBERS
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A Contemporary Waterfront Bal Harbour, Florida, Home with Dolphin Views
Amenities include a fish tank-style pool, rooftop sky bar and an art gallery. Read More
SMART HOMES
Health and Fitness Technology to Help You Keep Your 2018 Resolutions
Eating right and staying in shape isn’t easy, but it can be easier. Read More
NEWS BITES
U.S. Housing Crash Could be Coming, Money Manager Says The money manager who in 2005 was one of the first to predict the housing market crash fears that another one might be on the way. James Stack said that the activity on his portfolio of mortgage and homebuilding company stocks leads him to believe that we are facing a bubble, citing "valuation extreme, psychological excess and denial." Mr. Stack has looked at the Fed’s projected rate increases and median home prices, which he believes signal overvaluation. Bloomberg
London Prices to Dip in 2018 A report suggests that the U.K. will see flat home prices this year, while nearly all other markets will be up. Fitch Ratings believes that London’s high prices, stagnant wages and political volatility will cause prices to falter in the city. Countries like Canada, France, the U.S. and Germany are all expected to see prices rise. Ireland was singled out as the one nation forecasted to see growth in the double digits. Like the U.K., Greece and Norway seem likely to experience falling prices. City A.M.
Fewer Homes for Sale Leading to Rising U.S. Prices A lack of homes for sale is causing prices to soar in the U.S.’s most expensive markets. Compared to a year ago, 10% fewer homes are on the market. San Jose, the nation’s fastest growing area, has 41% fewer homes for sale. The second fastest, Las Vegas, has 27% fewer. The number of for-sale homes in the U.S. has declined for 35 months in a row and is unlikely to change course in the near future. PropertyWire
China Looks to Simplify Process for Affordable Housing Development The Chinese government is looking to create a plan that will simplify the process for companies looking to create affordable housing on their own land. It’s expected that such a shift could do much to create new housing and to alleviate the high prices throughout China. The new plan would allow companies to much more easily convert their land from commercial to residential use, helping solve the issue of a lack of land for building. South China Morning Post
AROUND NEWS CORP
Alonzo Mourning’s Onetime Miami Home Is Up for Sale [The Wall Street Journal]
10 U.S. Cities with the Best Growth, Employment, and Business Opportunities [MarketWatch]
Five-Building Complex in Brooklyn to Get $80M Makeover [New York Post]
The New Amazon Headquarters Effect: How High Will Home Prices and Rents Go? [realtor.com]