WCTB Real Estate

The new-homes market is recovering—with sales on the rise—but hurdles including a lumber shortage are still hampering builders.

New listings of newly-built homes dropped 4.1% year over year to a seasonally-adjusted rate of 74,000 in August, reversing course after a 3.8% gain in July. Meanwhile, new listings of existing homes grew 5.2%.

“There’s plenty of demand for new homes, but builders are facing a unique and costly set of hurdles as they attempt to satisfy that demand,” said Redfin chief economist Daryl Fairweather. “Listings of new homes aren’t bouncing back

The Vaucluse home of businessman Alex Ma that sold this week was snapped up sight unseen for $31m by an Aussie expat based in Chicago.

Sources have told the Wentworth Courier exclusively that the woman is planning to soon return home with her American husband to the luxury seven-bedroom, eight-bathroom Hermitage Estate home at 20A Vaucluse Road.

And what a home to come back to — designed by the renowned architect, Bruce Stafford, the residence maximises its world-class Sydney

Remote work is accelerating the trend of migration away from expensive places like New York and San Francisco toward relatively affordable inland areas, where out-of-towners are winning bidding wars and driving up home prices.

Nationwide, 28.7% of Redfin.com users looked to move to another metro area in July and August, up from 27.4% in the second quarter and the highest share since we started tracking migration.

Last month, we published a preliminary look at third-quarter migration patterns, which showed that 27.8% of home searchers were looking to move to another metro in July. This report includes data from both July

Wealthy Sydney families are going to be fighting over the 1920s-era Hollywood-style mansion of the venture capitalist Squareknot executive director, Michael Seder, and his wife, Kim, which is up for October auction with an $11m price guide.

The four-bedroom, four-bathroom home with double garage at 17 March Street, Bellevue Hill — built on one of the highest spots in the suburb — is listed with Ray White Double Bay’s Ashley Bierman and principal Elliott

Imagine a house where every electronic component and device is powered by the sun. Where every raindrop that hits your roof is used to water the yard, even on dry days. Where your trash is turned into fertilizer, which in turn is used to grow produce for your dining room table. Surprisingly, this idea of sustainable living already exists for many homeowners and can also be a reality for your home. We’ve compiled a list of important changes you can make to your home to lessen your impact on the environment, reduce your utility bills, and achieve a more sustainable