The Real Deal - New York Real Estate News

World’s first NFT “digital house” sells for over $500K

Posted: 20 Mar 2021 09:00 AM PDT

Is it a house? Is it art? Is it merely a string of code? Whatever you want to call “Mars House,” it just sold for more than half a million dollars. Toronto-based artist Krista Kim was asking 30 Ethereum tokens for a non-fungible token of a slick virtual home set on Mars. She eventually accepted an offer of 288 Ethereum tokens, the equivalent of $515,459. The buyer, under the name @artontheinternet, purchased the NFT on

Bubble trouble? Canada’s hot housing market raises concern

Posted: 20 Mar 2021 06:00 AM PDT

Canada’s sizzling housing market has again raised concern about a bubble in a country where mortgages make up one of the biggest consumer debt piles in the world. Home sale prices ended 2020 at record highs and haven’t let up this year, according to Bloomberg. Year-over-year pricing is now up more than 30 percent in many markets across the country, according to the report. Along with the rest of the world, Canada’s housing market slowed