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Global Luxury Home Price Growth Damped by Economic Uncertainty in Q2

Global Luxury Home Price Growth Damped by Economic Uncertainty in Q2

Knight Franks' latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 46 International cities, increased by 1.4% in the year to June 2019, up marginally from 1.3% in March 2019 but still significantly lower than its four-year average of 3.8%. Read More »


California Home Affordability Issue Continues to Grow

California Home Affordability Issue Continues to Grow

According to the California Association of Realtors, higher home prices negated low interest rates and further reduced Californians' ability to purchase a home in the second quarter of 2019. Read More »

There is Over 1.5 Million Vacant Homes in the U.S. in 2019

There is Over 1.5 Million Vacant Homes in the U.S. in 2019

According to ATTOM Data Solutions newly released Q3 2019 Vacant Property and Zombie Foreclosure Report, there are over 1.5 million (1,530,563) U.S. single-family homes and condos vacant in the third quarter of 2019, representing 1.6 percent of all homes. Read More »

Palm Beach Market Enjoys $4.2 Billion of Residential Sales in Q2

Palm Beach Market Enjoys $4.2 Billion of Residential Sales in Q2

The Miami Association of Realtors is reporting this week that Palm Beach County single-family home sales and median prices rose in 2Q 2019. Read More »


Luxury Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »


Last Updated August 16, 2019 8:00 AM ET

Asia Pacific Real Estate News

As the U.S. hurricane and fire season come into full swing, new research from Zillow reports half (50%) of residents of major U.S. metro areas believe climate change will affect their homes or communities within their lifetime.

Property broker Redfin is reporting this week that the average U.S. sales price for luxury homes nationwide increased 1 percent year over year to $1.64 million in the second quarter of 2019. This marks a modest return to the trend of rising luxury home prices

According to the Greater Las Vegas Association of Realtors, local home prices continue to be higher in July 2019 than they were a year ago, but not by much.

According to the Miami Association of Realtors, Miami-Dade County existing home sales and median sale prices increased year-over-year in 2Q 2019.

The Mortgage Bankers Association is reporting that U.S. mortgage credit availability decreased in July 2019, according to their most recent Mortgage Credit Availability Index (MCAI).

Global real estate consultant JLL is reporting this week that after a bumpy 2018, investment in global commercial real estate cooled in the first half of 2019 with year-on-year volumes dropping by 9% to $341 billion.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage rate in the U.S. averaged 3.60 percent in the first week of August 2019, the lowest it has been since November 2016.

According to the National Association of Realtors, most metro U.S. areas saw price gains under marginal inventory growth in the second quarter of 2019.

According to Transwestern's recently released national office report reflects resilience in U.S. market fundamentals, even in the face of the moderating pace of U.S. economic growth demonstrated by net job creation averaging 172,000 per month for the first half of the year.

According to research from CBRE, commercial real estate lending activity gained traction in the second quarter of 2019 following a brief pause at the start of the year amid financial market volatility.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending August 2, 2019, U.S. mortgage applications increased 5.3 percent from one week earlier.

Home prices rose both year over year and month over month. Home prices increased nationally by 3.4% from June 2018. On a month-over-month basis, prices increased by 0.4% in June 2019.

Significant changes are in play in Japan's office market in 2019. The three most cited reasons for workplace change were "to accommodate varied work styles", "to improve productivity", and "to improve employee satisfaction."

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. 30-year fixed-rate mortgage rates sat at 3.75 percent in late July 2019.

According to the National Association of Home Builders' 55+ Housing Market Index, U.S. builder confidence in the single-family 55+ housing market remained solid in the second quarter with a reading of 71, edging down one point from the previous quarter due to softness in traffic of prospective buyers.

According to commercial real estate advisor CBRE, global commercial real estate investment volume increased from Q1 2019 across all regions but overall fell by 7.5% year-over-year in Q2 2019

Nearly 20,000 U.S. homes built in the past decade are at significant risk of chronic coastal flooding by 2050.

The Federal Reserve cut its federal funds rate today by 25 basis points (bps) to a range of 2.0% to 2.25%. This cut represents a marked change in the direction of monetary policy in the first half of 2019.

Home Sales Report, U.S. single family homes and condos sold for a median price of $266,000 in the second quarter, up 10.8 percent from the previous quarter and up 6.4 percent from a year ago -- reaching a new median home price peak.

According to the National Association of Realtors, pending home sales in the U.S. continued to ascend in June 2019, marking two consecutive months of growth. Each of the four major regions recorded a rise in contract activity, with the West experiencing the highest surge.

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