Mansion Global Daily: How to Harness Natural Light in the City, Home Sales Rebound in Toronto, and More
Let the Sunshine Into Urban Homes: Tricks and Techniques to Boost Natural Light
Architects discuss how they overcome the darkness of city dwellings. Read More
BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY
A Modular Mansion Replaces Fire-Destroyed Estate in California’s Napa Valley
This is the first prefab home in the high-end market there, with amenities that include a guesthouse, a pool, an olive grove and a modern barn. Read More
SMART HOMES
The Best Smart TVs for Watching Sports
Make sure you’re ready for football season by upgrading to the latest smart viewing experience. Read More
NEWS BITES
Australian Country Home Selling With a Pizzeria, Giant Outdoor Chess Set
In the rural Australian town of Carlsruhe, roughly an hour from Melbourne’s central business district, a vast home with its own pizzeria, a separate one-bedroom apartment and a giant outdoor chess set is on the market for A$2.5 million (US$1.7 million). The four-bedroom home sits on more than 10 acres of land and also has a gym, a theater room and multiple living areas. news.com.au
Older U.K. Homeowners See Property Wealth Surge £1 Billion per Day
U.K. homeowners over the age of 55 have collectively benefited from £1 billion (US$1.15 billion) worth of property value gains every day since the start of the Covid pandemic, according to analysis of figures from the government’s Office of National Statistics. In March 2020, those over 55 owned more than £3.5 trillion of housing equity, accounting for 65% of the U.K.’s total housing wealth. With average homes having seen their value jump by a little over 23% since then, that same group was likely sitting on £4.4 trillion in property wealth as of June, a windfall of over £815 billion. City A.M.
Home Sales Rebound in Toronto
After months of slumping transactions, Toronto’s housing market saw 5,627 sales in August, a month-over-month jump of 15%, according to the Toronto Regional Real Estate Board. “If this trend continues, it could indicate some support for selling prices in the months ahead,” the board said in its latest report. Despite the monthly rise, the August sales figures were 34.2% below the same time last year, a lower annual drop compared to the four months prior. Canadian Mortgage Professional
South Florida Property Market Showing Signs of Cooling
Signs are pointing toward a slowing in South Florida’s real estate market. The popularity of the region had soared throughout the pandemic, but now not as many homes are changing hands, inventory is up and the number of prospective buyers has cooled. Agent Adriana Muniz, who works mainly in Miami, said more houses are available, negotiation is possible, and not as many out-of-state work-from-home clients are bidding on houses since interest rates started rising. CBS News
AROUND NEWS CORP
Asking $65 Million: A 214-Acre Equestrian Estate in the Celebrity-Studded Town of Bedford [The Wall Street Journal]
With Honors! We’ve Ranked America’s 10 Most Affordable College Towns for Home Buyers in 2022 [Realtor.com]
House Price Wars: The Buyer v. Seller Standoff Is Back [The Times of London]
Aussie Homeowners Paying 29% More Now Than Five Months Ago [news.com.au]
