Real Estate News: The Most Expensive Real Estate in the World

Robert Stevens
House of the Day: This waterfront home in Delray Beach, Fla. offers unobstructed Intracoastal views and ample space for a budding gardener.

Here is a look at real-estate news in Wednesday’s WSJ:

The Most Expensive Real Estate in the World: The price of real-estate in Monaco — the world’s most expensive locale — is now an average of $19,433 a square foot, according to a report from Citi Private Bank and Knight Frank, the London real-estate firm. Spending $1 million will get you a 51-square-foot closet – presumably without a water view.

Home Prices Fall, But at a Slower Pace: Home prices fell to new lows in January, but the rate of decline appeared to be easing, offering the latest hint that prices may be at or near a bottom.

Trump Plays His Card Again: Donald Trump’s appetite for real-estate risk has returned.

Mortgage-Rate Change Could Pack a Punch: Cheap mortgages can’t last forever. Years from now, there is a good chance home buyers will look back longingly at today’s super-low yields.

Starwood Goes Shopping for U.S. Malls: Veteran investor Barry Sternlicht is close to making his biggest push to date into the shopping mall industry as his Starwood Capital Group prepares to buy majority stakes in seven U.S. malls from Westfield Group for roughly $1 billion, according to people familiar with the matter.

Inland America Moves Up: Inland American Real Estate Trust Inc. has purchased five upscale hotels for $393.1 million in a shift of its lodging portfolio closer to the high end.

The Comeback Curtain: Some interior designers are looking for inspiration to women’s fashion—specifically to the wispy, sheer blouses and pullovers more women are layering over camisoles and tank tops.

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