Mansion Global Daily: Miami still popular with out-of-state buyers, US cash home sales are on the rise, and more.

Foreigners descend on Miami despite disease outbreak

The city became the top location for out-of-state home searches on Redfin, followed by Sacramento, California and Phoenix. Read more

BY THE NUMBERS

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LIST OF THE DAY

1940’s Charming on Ogunquit, Maine’s famous marginal lane cliff walk

The three bedroom house is one of 26 houses along the historic beachfront walkway. Read more

SMART HOUSES

Brain and beauty: smart mirrors for your bathroom

Enlightening, informative and entertaining, these mirrors will add a whole new dimension to your vanity. Read more

NEW BITES

One of Australia’s most popular Airbnbs hits the market

A house in Australia that is one of the most successful Airbnb rental properties in the country has been marketed and is asking for offers of over A $ 1.8 million (US $ 1.3 million). Surrounded almost entirely by lush green forest, the three-bedroom apartment is in Doonan, a rural location in Queensland near the Sunshine Coast. The renovated barn has vaulted ceilings, an outdoor cast iron tub, a concrete pool and produced gross income of A $ 127,785 in the last fiscal year. Domain

The number of cash home sales in the United States is increasing

An increasing number of home purchases in the United States are made with cash. So far this year, 30% of all home purchases in the United States have been cash transactions, a jump from 2020 when the metric stood at 25.3%, according to data from Redfin. The jump was attributed to the heated and sparsely supplied housing market, where a cash offer is more attractive to sellers and gives a buyer an edge over their competition. Nasdaq

Palm Beach Mansion trades hands for $ 64 million

A newly built mansion in Palm Beach this year became the sixth home in the wealthy Florida enclave to sell for over $ 60 million, demonstrating the Sunshine State’s popularity with deep-pocketed buyers looking for good weather. and a favorable tax climate. The Bermuda-style estate, which sold for $ 64 million, was the subject of controversy in 2018 when its initial designs were condemned by neighbors. As a result, the approximately 18,000 square foot, five bedroom home is a smaller property than expected. Palm Beach Daily News

China to implement rent cooling measures

China’s Housing Ministry has announced plans to ease price pressures in rental markets in its cities, where nearly 65 percent of the country’s population live. The ministry aims to cap the growth of rents in urban areas at 5% per year and seeks to balance supply and demand in the rental market. China will stabilize land and house prices, Deputy Housing Minister Ni Hong said at the same briefing. The times of the straits

AROUND NEWS CORP

Former J.Crew chef Mickey Drexler expands Miami Beach estate [The Wall Street Journal]

5 Dog Characteristics To Have At Home Before Returning To The Office [realtor.com]

Pierce Brosnan Withdraws $ 100 Million From Home Market After Year Without Offer [New York Post]

Young people are less likely to own their home before starting a family [The Times of London]