San Francisco House Prices Hit New Peaks in First Quarter
The median price for a single-family house was $1.6 million, a record for the city. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
An Oceanfront Home—With a Pool—on Mexico’s Pacific Coast
The new, fully turnkey house is just steps from a sandy beach. Read More
TAX TALK
How Can I Lower My Property Taxes on a Second Home in Dubai?
Since taxes are already so low in the emirate, there’s little a buyer can do. Read More
NEWS BITES
Dubai Rents Fall It’s a renter’s market in Dubai as rents decreased 4.2% in the first quarter of 2018. With 15,000 new units being introduced this year, landlords are making concessions like free months of rent and no commissions in order to entice new tenants and retain existing ones. Areas like Business Bay, Jumeirah Golf Estates and Al Furjan Villas have all seen rent prices decline by 5% over the course of the last year. Khaleej Times
Kendrick Lamar Invests in California Home Rapper Kendrick Lamar is becoming a real estate investor with the purchase of a $2.65 million Calabasas, California, home that the Los Angeles native will reportedly use as an investment property. The six-bedroom, 5,433-square-foot home is part of the tony Calabasas Park Estates and features canyon views, a fire pit, spa and guest suite. It was originally listed for $2.89 million in the summer of 2017 before being cut to $2.79 million and eventually selling for $2.65 million. Realtor.com
Sky-High Manhattan Luxury Tower Sees Large Number of Resales Billionaire’s Row building 432 Park Avenue has begun to see a significant number of resale units. In the past six months, 13 previously owned units have been listed, three times the number of sponsor units that are available. In mid-March, 10 resale apartments in the building, ranging from $5.95 million to $68.5 million, were on the market, more than for any other new building. Prices were averaging 22% above their first sale price. The Real Deal
Vancouver Home Sales Tumble 30% in March Metro Vancouver had its slowest period in home sales in five years, with March sales down close to 30% from the same period last year, and 23% under the 10-year average for the month. First quarter sales are down 13.1% year on year. New listings also dropped, falling 6.6% below the March 2017 rate. The decrease in sales is being attributed to high prices, increased interest rates and mortgage restrictions. Vancouver Sun
AROUND NEWS CORP
In Charlotte, Golfers Are Leaving Gated Communities for Hipper Urban Neighborhoods [The Wall Street Journal]
America's New Great Migration in Search of Lower Property Taxes [MarketWatch]
Rachael Ray's Hamptons Retreat Returns to Market [New York Post]
What Is Wabi-Sabi? A Philosophy for Home Decor That Finds Beauty in the Imperfect [realtor.com]