San Francisco’s Luxury-Home Market Shows Signs of a Rebound

San Francisco's Luxury-Home Market Shows Signs of a Rebound

Sales rose in February for home at or above $5 million, recovering from a depressing end to 2022. Read More

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Villa Offers a Taste of European Design Near Downtown Nashville and Its Famed Music Row

The new spec house features a pool with a recreation pavilion, a wine wall, multiple bar areas and a garage with plenty of room for car lifts. Read More

DESIGNER'S CORNER

Bright Ideas for Eye-Friendly Home Office Lighting

The goal is to illuminate the space in a way that best protects your eyes for long periods of time and encourages productivity. Read More

NEWS BITES

A Record Number of Canadians Believe They Will Never Afford a Home

The Canadian real estate market has dealt with higher interest rates, limited supply—and now despair. According to a new survey by Mortgage Professionals Canada, a record number of respondents—33%—believe that they will never be able to afford their first home. "The rapid decline in affordability—thanks to both high home prices and now high interest rates—has played a central role in Canadians' view toward home buying," said the report from Mortgage Professionals Canada. Optimism about home ownership has been in steady decline, with the number of respondents who believe they will never own growing 8 percentage points in the six months since the survey was last taken and 15 points year over year. BNN Bloomberg

Hong Kong Is the Top Spot for the Ultra-Wealthy in Asia

While its housing market has been mired in gloom until recently, Hong Kong still remains the top location for the wealthiest individuals in Asia. According to a new study by global data analyst Altrata, 15,175 ultra-high-net-worth residents maintain primary or secondary homes in Hong Kong, making it the hub for the super-wealthy in Asia. China also snagged the second spot in Asia, with Beijing (8,923 ultra-rich residents) unseating Singapore (7,471 residents), which fell to third. South China Morning Post

New Dubai Tower Does AED 1 Billion in Sales in First Hour of Launch

We can safely say that Dubai's luxury market is thriving. Within 60 minutes of its launch, the forthcoming St. Regis Residences, Financial Center Road development had received AED 1 billion (US$272.2 million) in committed sales. The sales represented 70% of the available 232 units in the 250-foot-high Downtown Dubai tower, scheduled to open in 2025, and represented another strong showing for branded residences in the region. Gulf News

Carey Mulligan, Marcus Mumford Sell L.A. Home for $6.495 Million

Actor Carey Mulligan, star of "Promising Young Women" and "Drive," and husband Marcus Mumford, frontman of Mumford & Sons, have sold their Spanish Revival-style home in the West Hollywood neighborhood of Los Angeles for $6.495 million—just six months after purchasing the property. Located just above Sunset Strip, the four-bedroom, five-and-a-half bedroom home features a screening room, a recording studio, an outdoor kitchen and a swimming pool. The couple, who purchased the home in 2022 for $6.5 million, are taking a slight loss on the sale. Dirt

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(Note: The Mansion Global newsroom is not involved in the creation of this content.)