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Governor Newsom lists 8.2-acre Fair Oaks luxury estate for $7.5 million
2 days ago•Source: Sacramento Bee
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Ivy-Covered Roof Hides an Underground Ohio Home on the Market
An earth-sheltered home in Huron, Ohio, built mostly underground with an ivy- and myrtle-covered roof that must be mowed, is listed for $850,000. The 2,100-square-foot ranch sits on about eight acres along the Huron River and features skylights, three bedrooms, two baths, and ample natural light. The property includes a gazebo, a log cabin, a workshop, and about 250 feet of waterfront, with a 30-minute boat ride to Lake Erie; its price reflects its unique, one-off nature with few local comps.
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Tuscan Villa Nove: Napa-Style Winery Life in Tennessee for $7.9M
A Tuscan-inspired 33.5-acre winery estate in Butler, Tennessee, Villa Nove is for sale for $7.9 million, featuring a 5,218-square-foot main home, a renovated 1,388-square-foot farmhouse, a commercial kitchen and restaurant space, a production facility, tasting room, and eight acres of vineyards producing about 8,000 bottles a year. The property can function as a turnkey winery, scenic wedding venue, or luxurious residence, offering a California-style vineyard lifestyle at Tennessee prices.
Staten Island’s White House-style mansion hits the market for $13.995M
Infamous Gambino boss Paul Castellano’s White House–style Todt Hill mansion on Staten Island is back on the market for $13.995 million (down from $18 million). The 33,000-square-foot estate on about 1.56 acres features eight en‑suite bedrooms, 17 bathrooms, 25 rooms, two kitchens, indoor and outdoor Olympic-sized pools, a 13-car garage, home theater, gym, beauty salon, wine cellar, solarium and Verrazzano Bridge views; the current owner has expanded and upgraded it since Castellano’s era.
July 2026 housing market tilts toward sellers despite buyer drought
Redfin’s July 2026 snapshot shows a buyer drought and a seller-heavy national picture: about 967,000 active US buyers—the lowest since Redfin began tracking—roughly 34% fewer buyers than sellers, with mortgage rates at a year-high that keep monthly payments uncomfortable. Nationwide, sellers outnumbered buyers by about 51.3%, though most metros (39 of 49) were still ranked as buyer’s markets. Nassau County, NY led as the strongest seller’s market, while Texas Sun Belt metros (Houston, San Antonio, Austin) posted 100%+-plus seller advantages as new homebuilding comes online. In short, affordability pressures and rising rates are cooling demand, making many markets tougher for buyers and, in some areas, more favorable to sellers.
Buyers Grab Leverage as U.S. Homebuying Drops to a July Record Low
Redfin's July housing report shows a record gap: about 51% more sellers than buyers nationwide (966,752 buyers vs 1,462,921 sellers), with 39 of 49 metros in buyer's markets; Miami, Nashville and several Texas metros lead, as high mortgage rates curb demand and give remaining buyers more negotiating power, suggesting a Labor Day window could be favorable for deals.
Cracking housing prices spark 2008 echoes, warns veteran economist
Veteran economist David Rosenberg says the US housing market is flashing a crisis-era warning: existing-home sales have slowed to levels near those before the 2008 crash, inventories are rising and prices are cracking, with a possible 2% drop that could sap the wealth effect and curb consumer spending even as median prices stay high.
Peabody, MA Tops Realtor.com's 2026 Hottest ZIP Codes List
Realtor.com named Peabody, Massachusetts the nation's hottest ZIP code for 2026, driven by strong buyer demand and rapid sales. Median listing price was about $667,000 in June, over $230k above the national norm but roughly 20% below the Boston metro average, with homes typically on the market for about 20 days and selling for slightly over asking. Experts cite downtown vitality, highway access, and comparatively low taxes as key factors; Westfield, MA ranks fifth, and New Haven, CT is the other New England entry in the top 10, underscoring ongoing demand despite affordability challenges in the region.
Housing Market Slump Deepens as Listings Jump to Multi-Year Highs
July existing single-family home sales fell 1.9% to a 3.69 million annual pace, pushing the market deeper into a slump as inventory rose to 4.6 months—the highest since 2016—while condo supply reached a 14-year high. Mortgage rates sit around 6.69% amid persistent inflation, dampening demand even as the national median price rose 1.9% year over year to $440,300 and regional prices showed wide variation.
Northeast and Midwest Dominate 2026 Hottest ZIP Codes
Realtor.com’s 2026 ZIP code analysis finds the hottest markets are in the Northeast and Midwest, led by Peabody, MA (01960) and clusters around major metros; inventory in top markets remains tight (roughly 60% below pre‑pandemic levels), buyers are paying above asking prices (average sale‑to‑list around 103.8%), and down payments average about 17% amid mortgage rates in the mid‑to‑high 6% range.
July housing cools as mortgage costs pressure buyers
U.S. existing-home sales fell 1.7% in July to a 4.06 million SAAR, the second straight monthly drop, as mortgage rates climbed to 6.66% and prices rose 2% year over year to a median of $434,100; year-to-date sales are up 2.4%, but affordability remains the main drag on activity, with economists noting the higher rates reduce buyers’ purchasing power and Zillow signaling a market peak may have occurred.
Peabody, MA ZIP 01960 Tops America's Hot Housing Market
Peabody, Massachusetts ZIP code 01960, is named America’s hottest housing market by Realtor.com, with a median listing around $600,000 and homes spending about 20 days on the market in the first half of 2026. The market remains fiercely competitive as buyers bring large down payments and strong credit, often bidding well above asking, with Montclair, NJ and Sewell, NJ following in the top ZIP codes.