Home Prices in Portugal Soared Last Year

Home prices in Portugal saw their largest increase in 30 years in 2022. Sales prices rose 18.7% last year, according to the latest Residential Price Index from market intelligence firm Confidencial Imobiliário. The last time an annual increase exceeded last year’s number was 1991, when prices jumped 18.8%. Home values in Portugal have been rising steeply since 2017, with only a brief interruption to the upswing in 2020. The Portugal News 

Britney Spears Looks to Quietly Offload L.A. Mansion 

In Los Angeles, Britney Spears is quietly on the hunt for a buyer for her Calabasas home. The singer is asking $12 million for the property, a little more than the $11.8 million she and husband, Sam Asghari, paid for it last year. Ms. Spears started showing the home, which sits on 1.6 acres, off-market this past week. TMZ 

U.S. Home Buyers Have Unrealistic Price Expectations 

Some 28 million Americans are looking to purchase a home in 2023, and they’re planning, on average, to spend $269,200, according to a survey from NerdWallet. Unfortunately for them, that’s more than $100,000 short of the median home price, which was $388,100 in December. Likely underpinning their price dreams is a pessimistic view on the state of the housing market, two-thirds of Americans surveyed said they expect an imminent crash. The Hill 

Sydney House Prices Plummeted at a Record Rate in 2022

Sydney house prices logged their steepest drop on record in 2022, falling 10.9%, or more than A$170,000 (US$119,793), according to a new Domain House Price Report. At a median of A$1.4 million, house prices are now 11.3% below their early 2022 peak, but still 24.2% higher than they were when the market troughed in mid-2020. Apartment prices also declined but at a slower pace, falling 6.5% over the year. Brisbane Times