Mansion Global Daily: Central Florida Housing Inventory Swells to 2019 Levels – Mansion Global

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Central Florida Housing Inventory Swells to 2019 Levels

Buy/sell, rent/lease residential &
commercials real estate properties.

The Central Florida housing market has its largest housing inventory in nearly five years, according to a report. In November, the number of homes on the market were up 14% annually and 5% from October, according to the Orlando Regional Realtor Association. “A balanced market is a six-month supply of homes. In November, for the first time since January 2019, we have more than four months of supply,” said Lisa Hill, the association’s president. WMFV

Rent Growth Set to Cool in Canada Next Year

Rental prices in Canada will likely remain elevated next year, but growth is expected to be slower, particularly in the more expensive markets, according to real estate consulting firm Urbanation. Data has already shown rental price growth in Canada has been slowing, with an 8.4% annual increase in November, down from 9.9% in October and 11.1% in September. Declining inflation and potential interest rate cuts next year could take some pressure off rent prices, as first-time home buyers move into the ownership market, said Shaun Hildebrand, president of Urbanation. BNN Bloomberg

Former U.S. Secretary of State Rex Tillerson Lists D.C. Townhouse

Former U.S. Secretary of State Rex Tillerson is selling his Washington, D.C., townhouse for $6.5 million. Tillerson bought the brick home in 2017 from former AOL executive Richard Hanlon for $5.5 million. Built in 1927, the 5,709-square-foot townhouse has four bedrooms and modern interiors, and it’s located in the chic neighborhood of Kalorama, which is known to attract notable residents such as former presidents and ambassadors.

A Home in Sydney Offers a Front-Row Seat to New Year’s Eve Celebrations 

In Sydney’s posh Vaucluse neighborhood, a home with a front-row seat to the city’s New Year’s Eve celebrations has hit the market. The five-bedroom residence enjoys an elevated position on the eastern side of Vaucluse, allowing for far-reaching views of the iconic Opera House and Harbour Bridge—the focal point of Sydney’s famous New Year’s Eve fireworks show. Along with the views, the home also boasts a gym, an art studio or workshop, a two-car garage, and a mix of balconies, terraces and cascading gardens. Domain

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