The Real Deal - New York Real Estate News

Home prices in more than a half-dozen major cities across Asia Pacific, including Beijing, Auckland and Tokyo, jumped up by double-digit percentiles over the last year. Cheap mortgages and strong demand are driving up prices, much as in the U.S. and around the globe, according to CNBC. Topping the list was Auckland, New Zealand, where prices surged 25 percent in June from a year ago. New Zealand considered to be at high risk of a

Switzerland’s national bank warned of a correction in the country’s housing market as home prices keep rising. Schweizerische Nationalbank Vice President Fritz Zurbruegg said in a speech on Tuesday that new mortgage borrowers may not be able to afford their loans if borrowing costs jump, according to Bloomberg. Low interest rates could worsen the situation by encouraging risky borrowing and lending, he said. Zurbruegg cited signs of “unsustainable mortgage lending” as well as “risks of

Las Vegas Raiders owner Mark Davis is building a home in Sin City befitting his team’s iconic aesthetic. A rendering of the Henderson, Nevada, house shows a sleek, angular and almost crown-like structure spanning 15,000 square feet, according to the Las Vegas Review-Journal. The exterior of the home is mostly black and white accents, an homage to the Raiders’ black-and-silver color scheme, which Davis’ father Al Davis created. The Raiders moved to Las Vegas from