A weekend topic starting with Now Toronto. "A Scarborough bungalow is currently listed at $2.2 million, which is double the record-breaking average price for a home in the Greater Toronto real estate market. The selling agents says that price is…
A report from Market Place on New York. "Broker Peter Schubert estimates that between 10% and 20% of commercial real estate in Brooklyn is vacant right now — officially. 'On top of that 10 or 20%, we know that there’s…
It's Friday desk clearing time for this blogger. "Americans treated their homes like ATMs last year, withdrawing $152.7 billion amid a cash-out refinancing spree not seen since before the 2008 financial crisis. Mortgage rates fell below 3 percent for the…
A report from Politico. "The booming housing market helped stave off economic collapse in 2020. But soaring prices are starting to worry policymakers. The current pace of home price appreciation is unsustainable, they say. 'I am worried that the price…
A report from the Wall Street Journal on New York. "Manhattan landlords are pulling unrented apartments off the market at an unusually elevated rate, tightening inventory while rents are low and, in some neighborhoods, still falling. Building owners removed 1,814…
A report from the Sun Sentinel in Florida. "A townhome development in the process of being approved to be built in Pembroke Pines is causing concern among some residents who want traffic fixed above all else. 'Developable land is especially…
A report from the Wall Street Journal on California. "The property Jordan Mazer bought in December is the classic Venice beach house in more ways than one. Another thing that makes his property emblematic of the neighborhood: He paid $213,000…
It's Friday desk clearing time for this blogger. "A West Village townhouse that was once home to film star Will Smith is on the market for $12.5 million. That’s quite a hit, considering the buyer paid $13.82 million for the…
A report from the Los Angeles Times in California. "LeBron James is ready to sell his Brentwood home at a loss. The Lakers star has listed a traditional-style estate in Brentwood Park at $20.5 million — about half a million…
A report from the Herald Tribune in Florida. "A new 5,335-square-foot Casey Key home with a private beach will be auctioned, without reserve, this month. The luxury house on Casey Key was built last year and has never been occupied,…