Brokers say the very top of the market — consisting of eight- and nine-figure homes — is faring the worst as slowing economies overseas and volatile stock markets have spooked buyers. The supply of homes for the rich exploded as builders aimed at the high end after the financial crisis. — NYT

Of the four houses Frank Lloyd Wright built in New Jersey, the first and largest was the 2,000-square-foot James B. Christie House, which dates to 1940. Wright built the home on seven acres of secluded woodland and employed his Usonian principles of simplicity and practically that connect to nature. After selling in 2014 to a private buyer for $1.7 million, the Christie House is now on the market for $2.2 million after receiving a new roof and heating system. — 6sqft.com

Almost two-thirds of homes in the Tower, a 50-storey apartment complex in London, are in foreign ownership, with a quarter held through secretive offshore companies based in tax havens, a Guardian investigation has revealed.

The first residents of the landmark development arrived in October 2013, but many of the homes are barely occupied, with some residents saying they only use them for a fraction of the year. — The Guardian

Private property developers are outmanoeuvring councils in housing negotiations and routinely delivering fewer affordable homes than town halls want, an industry analysis has revealed.

Amid growing anger at the sale to foreign buyers of almost two-thirds of London’s tallest residential skyscraper, which includes no affordable housing, it has emerged that not one London borough which set targets met them in the last six years. — the Guardian

The cherry atop 520 West 28th, Penthouse 37 contains five bedrooms and six-and-a-half bathrooms, including a corner master suite with two windowed dressing rooms and his-and-hers baths nestled on its lower level, which also houses three guest en-suite bedrooms, a utility room, and a wet bar. — Forbes

A group of developers on the short list to buy Tribune Tower want to convert the Gothic Michigan Avenue landmark into condominiums, apartments and even a hotel [...]

The property also comes with something all developers love: land for new buildings. A buyer could build one or two more towers on the parking lot next door and on space created by demolishing some of the existing Tribune building that is not landmarked. [...] — Crain's Chicago Business

It has been whispered about for months, but now it’s official: Vornado Realty Trust is offering up a palatial four-floor apartment at 220 Central Park South that is priced at a record-smashing $250 million.
The massive condominium will encompass floors 50 through 53 of the Robert A.M. Stern-designed limestone tower, and it will span some 23,000 square feet [...]. The asking price works out to nearly $11,000 per square foot. — therealdeal.com

A study commissioned by the developer indicated that total economic output of the companies projected to occupy Hudson Yards will contribute $18.9 billion to the city's gross domestic product. [...]

Many projections in the report are also contingent on a host of economic indicators in the city, including demand for Class A office space. Out of the 10.4 million square feet Related will have to lease up, so far it has locked in commitments from tenants for 4 million square feet. — crainsnewyork.com

An hour south from the bright lights of the Las Vegas strip, a tiny town in Nevada is up for sale.

Cal-Nev-Ari, Nev. (pronounced Cal-Nev-Air) is off a lonely stretch of Highway 95, surrounded by distant mountains and endless desert. The town isn't far from the California and Arizona borders [...].

If you can afford the $8 million asking price, you'll get the airstrip, the diner and the town's only casino. That includes a dozen old slot machines and a smokey bar. This place has character. — npr.org

London’s red-hot housing market of late is by now an international legend, drip-feeding the media with tragicomic stories of insane pricing on a weekly basis—from the $710 cupboard to the one-bedroom flat on sale for $37 million. Now a new report out this week details some of the harmful social effects that this boom in housing costs has wrought. Unsurprisingly, they are many. — CityLab

Buy-to-let landlords should face new limits on the amount they can borrow, the Bank of England has proposed.

It suggested that lenders should be much stricter when deciding whether or not to grant landlords a mortgage.

Instead of just taking their rental income into account, the Bank wants lenders to look at their wider financial situation as well.

If adopted, the new rules could reduce lending to landlords by up to 20% over the next three years. — BBC

Some New York City real estate agents have teamed up with their counterparts outside the five boroughs for organized seminars and “immersive tours” of the suburbs. The city agents get a cut of the commission if their clients decide to buy a house in the suburbs. The services, which reside somewhere between shrink session and sales pitch, intend to address the concerns of families unsure about leaving the city and guide them to suburbia, step by step. — nytimes.com

WeWork’s inspirational mottoes—"Do what you love," "Thank God it’s Monday," among many others—its evangelical faithful, and gatherings like the summit all have religious echoes..."Start imagining it a bit bigger," Neumann says about WeLive, stoking his idyllic view, "an entire building. And then instead of having just one building doing it, five buildings doing it. Then you’ll be able to imagine what a WeNeighborhood or a WeStreet would be." — Fast Company

New York collects about $60 million annually for allowing signs, ornamental lampposts, stand-alone clocks, benches, bollards, planters, permanent trash receptacles, delivery ramps and just about anything else imaginable on, over or under the city’s 12,000 miles of sidewalks. [...]

Overall revenue from sidewalk-permit fees has risen by about 50 percent in the past decade, the bulk of it from utility companies for pipes and transformers below ground. — nytimes.com

It's hard to remember that just a few decades ago it was difficult, if not impossible, for a woman alone to take out a mortgage. Federal legislation changed that.

And yet, it's still surprising to learn how dominant single women have become in the housing market today: Their share is second only to married couples, and twice that of single men. — npr.org