Foreign Cities See Surge of Interest From Londoners

Average rents in the British capital have fallen nearly 8% since the start of the pandemic. Read More

BY THE NUMBERS
TRENDING TODAY
LISTING OF THE DAY

A Landmarked Manhattan Townhouse With a Rooftop Terrace

The property has undergone a two-year, top-to-bottom renovation. Read More

TAX TALK

Will There Be Property Tax Proposals on the Ballot on U.S. Election Day?

Residents in California, Colorado and Nashville can vote for changes in November. Read More

NEWS BITES

Canadian Condo Prices Flatline, Fall Since April Peak

Canadian condo prices have fallen or flatlined in most major cities since the start of the pandemic, despite a broader surge in sales activity. The country’s average condo price is still up more than 6% from last year, but has slipped since it hit an all-time high in April, according to data from the?Canadian Real Estate Association. The average price in Toronto, for example, was C$592,900 (US$443,697) in August, down C$9,000 from its April peak. Only three Canadian cities saw prices pushed to record highs last month: Montreal, Ottawa and Oakville, an area north of Toronto. Better Dwelling

Irish Estate Comes to Market With a 16th-Century Castle

An expansive 300-acre estate with a 500-year-old castle in County Tipperary, Ireland, has hit the market asking €8.5 million (US$9.915 million). While the castle could use a complete restoration, the property’s main house is a mansion from the mid-1700s that was in the same family for nearly 200 years. The house has 10 bedrooms, six sweeping reception rooms and an old servants’ hall. The estate also encompasses a gardener’s cottage and numerous other accessory buildings. Irish Times

Conventional U.S. Mortgage Rates Tick Up on Strong Housing Demand

Strong demand for U.S. houses and home loans drove mortgage rates up ever so slightly this week. The average 30-year fixed-rate loan rose to 2.9%, up from 2.87% the previous week, according to data Freddie Mac released on Thursday. Interest rates are still well below 2019 levels. A year ago, they averaged 3.64%, according to the mortgage giant. The average 15-year rate also increased slightly this week, to 2.4%, up from 2.35% a week ago. The Washington Post

Amid Fires and COVID-19, Clean Air Becomes a Luxury Amenity

Panoramic views, home theaters, slab marble and now: clean air. It’s the latest amenity luxury home sellers are using to lure affluent buyers. The desire for state-of-the-art filtration systems and other air-quality technology is booming, as the pandemic pushes health and wellness to the top of people’s priorities. Add in the wildfires burning across the West Coast—including Creek Fire, the single largest blaze in California history—which have cloaked much of the U.S. in a whisper of smoke, and buyers are particularly eager for a clean-air refuge at home. The Philadelphia Inquirer

AROUND NEWS CORP

Quibi Chief Jeffrey Katzenberg to Pay Near $30 Million for William P. Lauder’s Beverly Hills Home [The Wall Street Journal]

6 Upgrades That’ll Help Sell Your Home During the Pandemic—and Beyond [realtor.com]

John Lennon’s NYC Penthouse From Iconic Photoshoot to List for $5.5M [New York Post]

Subdivisions on the Rise Across South Australia [news.com.au]