US Home Prices Reach $440,600 All-Time High as Existing Sales Fall for 36th Straight Month

The Three Ways Government Drives Up Housing Costs

Five years ago, about eighty American cities had an average starter-home price of 1 million. Today, it’s 242 cities. A starter home runs seven figures in three times as many places today as it did before the pandemic. Zillow published the count recently. Half the states now have at least one million-dollar starter home city. []

U.S. existing home sales slipped in June even as prices hit a record high

The median price of a previously owned home reached 440,600 last month, while sales dropped to a 4.09 million annual rate

NYC’s top deals: UWS megamansion trades for $40M — nearly 50% off asking 

Residential: The most expensive home sale recorded in New York was on the Upper West Side, where a megamansion at 48-50 West 69th Street sold for 45 million — 40 million off its last asking price. The seller of the nearly 45-foot-wide home was French businessman Pierre Bastid and his wife, Malou Beauvoir, a jazz singer. The couple purchased the property — two adjacent homes — in separate deals in 2011 and 2018 for a total of 24.5 million. It measures 19,600 square feet and has five bedrooms and 11 bathrooms, plus an elevator, terrace and lap pool. The buyer []This article originally appeared on The Real Deal. Click here to read the full story.

Asking prices for houses are up significantly in Dublin again after a sluggish first quarter

The median asking price for a new home in Dublin over the last three months was 495,000.

Homes harder to sell as high mortgage rates frustrate buyers

Three in five homes listed for sale since January remain on the market, says property portal Zoopla.