A report from the New York Post. "Don’t believe the brochures. A Billionaire’s Row apartment can be a terrible investment. Roughly 16,000 apartments were bought and resold in New York from 2014 through 2018. Of those, 1,295 homes — 7.7…
A report from Fortune Magazine. "When Upper East Siders Adelle and Robert Rathe boarded a flight to Saint Martin in mid-January, they left behind a typically cold New York day. By the time they return from their resort getaway in…
A report from Bloomberg on Iceland. "The spacious entrance to Hildigunnur Haraldsdottir’s building in downtown Reykjavik is paved with marble from Prague and decorated with stained glass artwork by a famous local artist. The flat is one of 38 that…
A weekend topic starting with RE Business Online. "The multifamily sector is like the Energizer Bunny, says Jamie Woodwell, vice president of commercial and multifamily research for the Mortgage Bankers Association (MBA). Although 600,000 units are currently under construction nationally…
A report from the Santa Fe New Mexican. "At the beginning of 2019, there were 1,052 homes available in the Santa Fe multiple-listing service area, which includes nearby cities such as Los Alamos and Pecos. Britt Klein of Sotheby’s International…
A report from the Globe and Mail in Canada. "Michael Bublé has owned this 7,100 sq. ft. West Vancouver mansion with ocean and city views for 11 years. The house was a year old when he bought it in 2007…
A report from the Sacramento Bee in California. "Sacramento County total home sales fell 22.5 percent year-over-year in December, the lowest for the month since 2007. In the four-county region, the largest decline in the year-over-year median sales price for…
A report from the Wall Street Journal on New York. "Amazon.com Inc.’s announcement that it is ditching plans for a corporate headquarters in New York City stunned real-estate speculators, developers and renters who had rushed into the Long Island City…
It's Friday desk clearing time for this blogger. "After two years of historic year-over-year home value jumps in the greater Nashville market, a cooling trend has taken hold. Sellers are dropping prices, buyers are getting more concessions and competition for properties has eased.…
A report from Bloomberg on New York. "Amazon.com Inc.’s decision to drop its expansion plans in the Long Island City neighborhood of Queens plunged local real estate brokers into despair -- just months after the euphoria that followed the company’s announcement that…