Mansion Global Daily: Charlotte, North Carolina, Named Hottest Market of 2023
New-Home Sales Slump in the Netherlands
Newly built homes are falling out of favor in the Netherlands. In the third quarter of 2022—the most recent data—some 5,000 newly constructed houses and flats were sold, a drop of 34% from the same time the year before and the largest drop recorded since 2015, according to figures from national statistics bureau CBS, and the Kadaster land registry office. In comparison, the number of existing properties sold during the same time fell by 6.4%. DutchNews.nl
A Paradise for Pizza Lovers Hits the Market in Australia
In the Australian state of Victoria, a home for foodies is on the market and it comes with its own pizza room. Located in Howqua, a roughly two-and-a-half hour drive northeast from Melbourne, the unique amenity is located off the kitchen and dining area and has a wood-fired pizza oven, a large table and space on the wall to hang the necessary accessories. The house has an asking price between A$4.4 million and A$4.8 million (US$3 million and US$3.3 million). Domain
Charlotte, North Carolina, Named Hottest Housing Market of 2023
The housing market in Charlotte, North Carolina, is expected to be the hottest in the U.S. this year due to its home value gains and growth in owner-occupied households, according to Zillow. “It’s a city that’s growing, and there’s just a lot of opportunity here,” Jon Widdifield with RE/MAX Executive said. Between 2020 and September 2022, the average cost of a home in Charlotte went from $273,500 to $420,000, a 53% increase. But, “as far as a city this size, it’s one of the most affordable in the United States,” Mr. Widdifield said. WCNC
Canada’s Housing Market Is Feeling the Chill
The number of homes changing hands in Canada dropped substantially in December compared to the same time in 2021. Transactions dropped 39% and values slipped 12% during the same time, according to the Canadian Real Estate Association (CREA). Spiking interest rates have been cited as a major cause of the slowdown. “Save your pennies and maybe wait for a better interest rate,” said Shaun Cathcart, a senior economist with the CREA. CTV News
