100-Year-Old San Francisco Home Lists for $11.35 Million
The "grand-scaled" mansion is located on tree-lined street in Presidio Heights. Read More
BY THE NUMBERS
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TRENDING TODAY
LISTING OF THE DAY
In Drizzly London, This Chelsea Flat Inspires California Dreamin'
"You could almost forget that you're in London as you stroll past the canals or sit amongst the trees," the home's designer says. Read More
DESIGNER'S CORNER
Inviting Patchwork Textiles Into a Contemporary Bedroom
When it comes to patchwork, a little goes a long way. Read More
NEWS BITES
Is English World Cup Success a Boon to Home Prices?
Is there a correlation between football success and home value? England-based estate and lettings agency Barrows and Forrester posits there might be. According to research by the firm, English home prices in the years the nation failed to qualify for the World Cup rose by just 0.8%. In the years the national team made it past the group stages and into the last 16, home prices rose an average of 2.8%. And in the years since 1970, in which the England team has reached the quarter or semi finals, home prices across the country have risen an average of 5.3%. If English homeowners needed any more reason to root for their team, they may have found it. City A.M.
Greater Adelaide Suburbs Buck Australian Sales Slowdown
Rising interest rates and an elevated cost of living has taken wind out of the sails of Australian home sales, with prospective buyers sitting on the sidelines to wait out the economic turbulence. Across Australia, it took an average of 52 days for a home to sell in October, nearly twice as long as it took a home to sell in the second quarter. The one place that is still seeing homes snapped up speedily? The greater Adelaide suburbs, which are home to nine out the nation's top 10 fastest-moving markets. The neighborhoods of Glengowrie and South Plympton tied for the top spot, with homes selling in an average 18 days. Industry insiders credit the relative affordability of the region, which dampens the effects of rising interest rates, as a reason why Adelaide is bucking the trend. realestate.com.au
Canadian Home Prices Forecast to Drop 3.3% in 2023
Real estate brokerage Re/Max has predicted a more "balanced" housing market in Canada in 2023. In a report released Tuesday, the company forecast a 3.3% price drop, fueled by rising interest rates and recession fears, for real estate across the nation. Canada's bigger cities could see much more significant home-price declines, with Re/Max predicting drops of 11.8%, 10% and 5% for greater Toronto, Quebec City and greater Vancouver, respectively, with pockets of Toronto and Vancouver seeing declines of as much as 15%. "This is a much-needed adjustment from the unsustainable price increases and demand we saw early in 2022." said Christopher Alexander, president of Re/Max Canada. BNN Bloomberg
San Antonio, Texas, Home Sales Fell 20% in October
In the largest drop since the start of the Covid-19 pandemic, home sales in San Antonio, Texas—the nation's seventh most populous city—fell 20% annually in October. According to the San Antonio Board of Realtors, it was the biggest decline since May 2020, when sales also dropped 20% year over year, and marked the seventh straight month of falling transactions for the city. Elevated prices and near-record mortgage rates are the culprits behind the tumbling number of transactions. San Antonio Express-News
AROUND NEWS CORP
Marie Kondo: 'My Home Is Messy and There's Nothing I Can Do About It' [The Times of London]
How Sweet It Is: Brooklyn Home With Ice Cream Parlor Lists for $9.95 Million [New York Post]
What Is Holistic Real Estate—and Could It Be the Key to Finding Your Next Home? [Realtor.com]
Home Court Advantage: Four Properties With Tricked-Out Sports Spaces [The Wall Street Journal]
