Mansion Global's daily round-up of the latest luxury real estate news from around the world
Mansion Global Daily
 | | The 3.4-acre property is now the priciest home for sale in the celebrity enclave. Read More |
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| MEMBER MESSAGE: BUY SIDE FROM WSJ |  | Prime Day Is HereDiscover the best deals across tech, home, and essentials—hand-picked by editors and updated in real time. Shop top-rated products at can't-miss prices, only during Amazon's biggest summer sale, now through July 11. Learn More |
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Listing of the day |  | | The home is the first resale in the Glebe, a boutique development with only seven apartments. Read More |
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Living Well |  | | Better skin, increased flexibility and reducing anxiety are just some of the benefits of this wellness trend, which you can now bring into your home. Read More |
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U.S. Investors Are Buying a Larger Share of Homes as Would-Be Home Buyers Struggle to Afford One | Real estate investors in the U.S. are buying a growing share of homes as rising prices and high borrowing costs keep many potential buyers out of the market. Nearly 27% of all homes sold during the first quarter were bought by investors, the highest percentage in at least five years and a 1.2% increase from a year ago, according to a report from BatchData. From 2020-23, the share of homes bought by investors averaged 18.5%. AP |
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Hobbit House Sculpted by Hand Finds a Buyer | A Hobbit-style house outside of San Diego has found a buyer just a few weeks after being listed for $775,000. The dome-shaped dwelling was entirely sculpted by hand and features stained-glass windows, a brick fireplace and curved walls. The one-bedroom, one-bathroom home was built in 1979. Realtor.com |
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Despite Expectations of a Cut, Australia's Central Bank Holds Interest Rates at 3.85% | The Reserve Bank of Australia announced on Tuesday that it'll hold its cash rate at 3.85%, a surprise as a rate cut was expected. The bank's board said it wants to wait longer to confirm inflation "remains on track to reach 2.5% on a sustainable basis" before cutting the interest rate further. The news will be a blow to many mortgage holders who are feeling the stress of high rates. "It's soul-crushing when you think relief is coming only to find that you need to wait another couple months," said Graham Cooke, head of consumer research at Finder. Domain |
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Las Vegas Prices Rose in June, Tying the Record High Reached Earlier This Year | Even though more homes were for sale in the Las Vegas area last month, prices jumped, tying the record high reached earlier this year. The median price for an existing single-family home sold in Southern Nevada in June was $485,000, according to Las Vegas Realtors. That's a 1% increase from May and a 2.1% increase from the year before. KSNV News 3 Las Vegas |
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Pope Leo XIV's Hometown Reaches Deal to Buy His Childhood Home [Realtor.com] |
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1930s Melbourne Home Smashes Price Hopes at Auction [news.com.au] |
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