Marc Anthony Just Sold His Miami Condo for a Loss
Grammy-award winning salsa musician Marc Anthony has sold his Miami condo for significantly less than he paid for it in 2021. Anthony has sold his unit at the Zaha Hadid-designed condo tower One Thousand Museum for $8.6 million after buying it for $11 million, according to property records. The Wall Street Journal
Two off-Grid Shacks in Rural Australia List for A$525,000
A roughly 60-acre plot of land with two rustic off-grid shacks is on the market for A$525,000 (US$345,381). The shacks are made of recycled materials and include separate living spaces, bathrooms and a kitchen area, but the next owner has to bring their own electricity or install solar panels for power. The property is in the small town of Moonbi, in rural New South Wales. Domain
Hong Kong Home Prices Log Largest Gains so Far This Year
The price of lived-in Hong Kong homes rose 1.3% in September, the largest monthly increase so far this year, with many believing that the city’s residential market has finally bottomed out. Meanwhile, rents nearly hit a historical peak, marking the 10th consecutive month of rising prices. “The chance of rents hitting a new peak in October is high,” said Derek Chan Hoi-chiu, head of research at Ricacorp. South China Morning Post
Fewer Millennials Are Buying in Philadelphia
Last year, millennials made up almost 53% of mortgage purchase inquiries in the Philadelphia metro, down from about 56% in 2023, according to LendingTree data. High borrowing rates are deterring younger buyers nationwide—the median age of a first-time home buyer in the U.S. was 38 last year—and with nearly 40% of Philadelphia’s housing stock dating to before 1939, potential repair costs are likely also sidelining first-time buyers. Axios