Former Home of Ronald Reagan in Los Angeles Hits Market for $7M
The house, designed by architect Paul Williams, has been updated, but much of its midcentury style remains. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
London House With a Winter Garden and Roof Terrace
The property lies on one of Belgravia’s most picturesque mews. Read More
SMART HOMES
The Best New Google Home Actions
You’ll want to outfit your Google Home Assistant devices with these latest abilities. Read More
NEWS BITES
Hong Kong Real Estate Expected to Hit 21-Year High in Year’s First Half Hong Kong will likely see HK$400 billion (US$51 billion) in property sales in the first half of 2018, marking a 21-year high for the world’s top real estate market, according to research from Centaline Property Agency. Some believe that concerns about a lack of supply have some rushing to buy property before the shortage becomes even worse. It’s expected that by the end of June, Hong Kong will have seen 46,500 transactions, which is 13.5% higher than the last half of 2017. Predictions have June totals for new private residential property reaching 2,000 transactions worth a total of HK$27.5 billion (US$3.5 billion). South China Morning Post
Monaco Demand Persists As interest in Monaco rises, desire for new apartments is exceeding the available land on which to build them. In 2017, 50 new apartments sold in the world’s most expensive property market, a 33% increase on 2016. Prices hovered around €53,000 (US$61,606) per square meter, with the high end reaching €100,000 (US$116,238). The lack of capital gains tax has drawn buyers from Britain, Switzerland, Italy, India and the Middle East, though local interest continues to be significant. PropertyWire
Climate Change Impacting Home Prices The effect of climate change is beginning to be seen on real estate prices. Between 2007 and 2017, the average home prices for areas more vulnerable to flooding and hurricanes increased more slowly than those more sheltered from severe weather. Research from Attom Data Solutions showed that homes in those more vulnerable areas had actually lost value over the decade studied. There were some areas that bucked the trend, with prices increasing in areas like Key Biscayne, Florida, and Aromas, California. The Real Deal
Concerns Rise Over Nashville’s Expansion The massive expansion of the city of Nashville has some concerned about the ramifications of such a quick transformation—such as congestion, the environmental impact of constant construction and the lack of affordable housing. Over the period between 2008 and 2018, home prices in the city increased by 75%, significantly outpacing rivals like Charlotte, where prices grew by 33%, or Atlanta, where they were up by 26%. The Wall Street Journal
AROUND NEWS CORP
When Your Dining Room Was Once A Railroad Terminal [The Wall Street Journal]
Housing Starts Roar to an 11-Year High in May [MarketWatch]
Frances Bean Cobain Wants $2.695m for Los Angeles Home [New York Post]
Drop Anchor Here: 10 Private Islands You Can Buy Right Now [realtor.com]