Free Republic

The ongoing stampede of the rich and famous into South Florida is propelling real estate prices to new highs. The average cost of a spread in Palm Beach — home to an ever-growing roster of celebrities and financiers — climbed to nearly $16 million in the first quarter of 2022, according to the Serhant South Florida Report issued Thursday.

Home prices in California are inexorably closing in on a dubious milestone. With the median price of an existing single-family detached home in the state at $474,370 in August, a 2.6 percent increase from July, a half-million dollar median may be only months away. Two Inland Valley cities already have reached that level. The median in Norco - up 40 percent in the last year - hit $524,750 last month, and Claremont - up 35.9 percent - reached $512,000, in numbers released Friday by the California Association of Realtors and compiled by DataQuick Information Systems. Chino Hills ($487,000), La Verne...

Three decades ago, the Jersey City waterfront was a wasteland of abandoned rail yards and decaying brownstones, the worst of which were heroin shooting galleries. Four waves of development later, the downtown historic districts boast some of the nicest brownstone blocks in the Garden State, wholly restored beauties that once couldn't be given away for $7,500 but now sell for up to $1 million. The waterfront has seen so much growth that Jersey City now has more office space than Denver, Cleveland or Kansas City, and young families are starting to rethink flight to the suburbs.

China's property market not in the pink of health Greedy developers and low interest rates push up supply of residential and office space, but where are the buyers? ZHONGSHAN - China has a serious problem these days, and its colour is pink. Pink and similar hues - from rose-tinged brick to tangerine and even magenta - have been popular in the past few years with Chinese developers, who are also partial to tinted, highly reflective glass and rooftops in the shape of lotus blossoms. Advertisement The result is an extraordinary number of garish apartment buildings, office buildings, industrial parks and...