Image of the day

Possibly, the first $400 million listing of a property in the US located in Bel Air, California. A megamansion, an "the estate with ties to Qatari royals".

Source

Chart of the day

US cities that allowed the most construction over the past 5 years also saw the largest declines in rent.

Source

The record Year 2025 of the $100 Million sales per luxury residences in the US housing market

Wow!

"The U.S. housing market in 2025 was tepid at best. Ultra luxury real estate, on the other hand, was white-hot.

The top 10 residential deals were all above $100 million—up from seven in 2024 and five in 2023 ..."

The Year of the $100 Million House - WSJ (behind paywall) "For the first time ever, every luxury property on the list of 2025’s 10 biggest sales traded at nine figures or more"

UAE proptech company Huspy raises $59M to expand in Europe

Good news!

Please come to the US soon! The realtors almost like a monopoly have totally messed up the household real estate market in the US for many decades.

"Over the past five years, the company has grown into one of the largest proptechs in the UAE, and has expanded into Spain, by providing digital tools for finding homes and obtaining mortgages. ..."

UAE proptech Huspy raises $59M to scale in Europe | TechCrunch

Zillow is blacklisting real estate listings that are marketed publicly without being entered into the local MLS within one business day

Bad news!

Maybe there were convincing, historical reasons why the residential real estate business/market is so overregulated in the US and why real estate agents have so much control over it, but it has been antiquated and unnecessary for at least the past two decades or since the Internet!

"... Starting Monday, Zillow will be banning home listings that have been marketed publicly by a real estate agent — which includes everything from planting a for-sale sign in the front yard to posting on Facebook — without being shared in the local databases that feed home listings to the rest of the real estate industry, including Zillow and other search websites, within one business day. The move is part of a broader fight over "exclusive inventory" or "hidden homes" — basically, properties advertised in some places but not others. In an attempt to seize more control over their listings, agents at some real estate brokerages have been advertising homes in internal databases or posting them only on their own websites, out of reach of the search portals. ..."

The 'Zillow Ban' is here. Buckle up for big changes in real estate.

Credits: The Flyover

Sales of existing U.S. homes are on track for their worst year since 1995—for the second year in a row.

What impact that might have on the November elections?

The Wall Street Journal What's news

Elon Musk's $10,000 House FINALLY Hitting The Market

Good news! I am afraid, these foldable prefab house will conflict will lots of zoning and other government regulations! Bravo Elon Musk! Boxabl homes!

Why cheaper manufactured homes are not more commonplace in the U.S. is peculiar!

🇺🇸 Report: Why the US residential housing market has become a home for dirty money

Money laundering by criminals buying and selling U.S. residential homes seems to be good business. May also partially explain why the U.S. housing market is so hot!

"At least $2.3 billion has been laundered via U.S. real estate transactions in the last five years, according to a new report by a Washington, D.C.-based think tank. ..."

🇺🇸 Report: Why the US has become a home for dirty money

‘A Kleptocrat’s dream’: US real estate a safe haven for billions in dirty money, report says Based on a review of more than 100 money-laundering cases, a new study finds that the U.S. has become a preferred destination for those looking to stash illicit funds through property.