Vancouver in turmoil, Toronto spikes.
“Values could climb in subsequent years if the building is repairable.”
The most expensive home listed for sale globally is in Bel Air, a neighborhood in Los Angeles. Its main house is a 74,000-square-foot monstrosity. Among the special attributes: a 30-car garage. The compound, being erected by speculative builder Nile Niami, has an asking price of $500 million. Seven of the world’s 10 most expensive listings…
“It doesn’t mean the market is going to crash tomorrow.”
In Lower Manhattan, 31 towers with over 5,000 apartments are sprouting up. They’re not exactly in the “affordable” category. The median price for condos – half sell for more, half sell for less – has soared 77% since 2013, to $2.43 million, while the median price in the overall Manhattan condo market has shot up…
Everything suddenly goes the wrong way.
Real estate agents see “looming” condo price correction.
The vested interests were out for blood.
A great moment for the US housing market.
NAR blames an “anomaly” for plunging home sales, then destroys that theory.