The Reign of Portland, Maine, as the Top U.S. Luxury Hot Spot Continues for Third-Straight Quarter
With prices up 22% over the last year, an influx of new residents lured by the city's strong economy and amenities is keeping it at No. 1, according to the Wall Street Journal/Realtor.com Housing Market Ranking. Read More
BY THE NUMBERS
| CONTENT FROM: Cornerstone |  | EXPERIENCE EXCEPTIONAL PRIVATE CLUB LIVING Discover the Cornerstone Club, an awe-inspiring private Colorado Rockies club community exclusively offered by Montage Residences Real Estate. Accompanying our world-class golf course, the residential offerings at Cornerstone Club are thoughtfully designed and curated, providing a unique opportunity to own a turnkey, fully furnished cabin or private homestead within an exclusive Club atmosphere. Learn More | | |
TRENDING TODAY
SPECIAL REPORT
A Small-Town Beach Paradise Awaits on Alabama's Gulf Coast
No longer just a quaint fishing village, this growing area offers golf courses, arts, a wide variety of home styles and lots of Southern hospitality. Read More
LISTING OF THE DAY
This Cape Town Home Has Its Own Underground Shooting Range and Bunker
Other amenities in the off-the-grid house include a pool, a cinema, a gym, an elevator, a boardroom and views across the city. Read More
REBUILDS & RENOS
From 'Sad' to Stunning: Overhaul and Refit Brings an Old Yacht Back to Life
Entrepreneur Steve Sidwell spent three years and a 'few million dollars' renovating the 112-foot yacht Ascente. Read More
NEWS BITES
New York Home on Site Where Metallica Recorded First Album Listed for $3.4 Million
In downtown Rochester, New York, a single-family home with some rock 'n' roll history is on the market for $3.4 million. "The house was erected on the site where Metallica did their first album," said listing agent Tim Tompkins, with Howard Hanna–Rochester Main. Previously, the site was known as Music America Studios, where Metallica recorded "Kill 'Em All" in 1983. The current owner tore down the studios and custom-built the 10,175-square-foot contemporary home in 2010. Realtor.com
Boston's Condo Market Still Sluggish
The condominium market in Boston is still lethargic amid high mortgage rates and low inventory. Condo transactions in the city were down by 20.5% in the first quarter compared with the same period last year, according to Berkshire Hathaway Homeservices | Warren Residential. Transactions dropped from 722 in the first quarter of 2023 to 574 in the first quarter of this year, the report said. Boston.com
Mega Development Bringing 1,666 New Homes to Dubai
Emirati developer Binghatti is launching a new mega development in Dubai, comprising 1,666 residential units and 21 retail spaces adjacent to Dubai Hills. The landmark project, Binghatti Hills, is set to become the most expansive development within the community. The development will stand opposite the Dubai Hills Mall and will be close to lavish hotels. Zawya
U.K. Apartment With Its Own Jail Cell Renting for £750 a Month
A studio apartment on the U.K. rental market comes complete with its own jail cell. The flat, in the town of Dudley, some eight miles outside of Birmingham, is in a building that served as Dudley Police Station until 2017 and has since been converted into residences. "What the developers tried to do was keep as many key features of the building as possible," said listing agent Charlie Tank of Taylors Estate Agents. The cell features floor-to-ceiling wrought iron bars and leads to the flat's bathroom. The asking rent is £750 (US$936) per month. BBC
AROUND NEWS CORP
Hippies Settled This Unusual California Community. Now Its Homes Sell for Millions. [The Wall Street Journal]
What You Get for £725,000 in Dorset, Shropshire, Edinburgh and Spain [The Times of London]
Ahoy, Neighbor! What It's Really Like Living in a Floating Home—From Boating to Dinner to Strange Animal Visitors [Realtor.com]
How Realtors Tamed a Wild Housing Market and Created a Lucrative Monopoly [Barron's]
