The Real Deal - New York Real Estate News

Fredrik Eklund talks LA condos, the mega-luxury market and patience

Posted: 22 Feb 2020 01:00 PM PST

“Million Dollar Listings” star broker and recent Los Angeles transplant Fredrik Eklund says condominiums are the new wave in his new West Coast home, where mansions in the hills have been the default in the luxury stratosphere. The Douglas Elliman broker told Mansion Global that new projects in L.A.’s tony neighborhoods like Beverly Hills are presenting new options for buyers. Eklund is selling units at the recently built 8899 Beverly building. “Vertical living didn’t used

These small US cities have exploding luxury markets

Posted: 22 Feb 2020 11:00 AM PST

The shift from the nation’s top markets to secondary markets is accelerating. Coldwell Banker’s “State of Luxury 2020” report picked out several secondary markets to watch alongside some larger markets that still have room to grow, according to Inman. The top markets to watch are Boise, Idaho; Charlotte, North Carolina; Colorado Springs, Colorado; Cincinnati, Ohio; and Fort Worth, Texas. The list was based on an analysis of job and population growth against sales-price-to-list-price ratios, days

The cheapest house in America’s richest town is listed for $2.5M

Posted: 22 Feb 2020 09:00 AM PST

Atherton, California has topped Bloomberg’s Richest Places annual index for four years, but this year is unlike any other. And Atherton is unlike any other place in the country. The Silicon Valley town became the first and only community in the country where average annual household income topped half a million dollars — $525,000 to be exact — since the index started in 2017, according to Bloomberg. That’s nearly $75,000 higher than the second-richest community

Coronavirus is wreaking havoc on China’s landlords

Posted: 22 Feb 2020 06:00 AM PST

The devastating coronavirus outbreak in China is starting to take its toll on some of the country’s biggest landlords. Measures meant to curb the spread of the deadly virus have effectively put renting on pause in some parts of the country, while some short-term rental businesses are hurting without the seasonal bumps they banked on, according to Bloomberg. The outbreak is also affecting the housing market — year-over-year price growth was the slowest in January