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The Latest Breaking News on Real Estate

Buying a Home? You Need a Six-Figure Income and a Big Down Payment

The median household income for home buyers hits a record $107,000; Down payments rise to more than two-decade highs as housing market crunch continues, NAR study shows.

Kiplinger

Gove’s leasehold reform bill does not ban leaseholds on new-build houses

Rush to write legislation means clauses to ban the leaseholds will be added via amendments

The Guardian - UK

'Poor, poor planning': council wants sit down on major housing estate

There's concern future residents will pay the price.

Newcastle Herald

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Homebuyer Demand Softens Despite Lower Rates

Homebuyers continue to hold out for lower rates and more listings, economist says.

Kiplinger

Economic data shows households are feeling the pinch. But will the RBA stop raising rates?

Inflation is set to drop back to under 3% growth by this time next year – if it weren’t for the stage-three tax cuts, that is

The Guardian - AU

See the Scottish streets named among the 50 best places to live in the UK

SIX Scottish streets have been praised in a new list looking at some of the best places to live in the UK.

The National (Scotland)

Austrian Property Tycoon's Signa To File For Insolvency

Rene Benko's real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, marking the spectacular downfall of the self-made Austrian tycoon.

International Business Times

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Homeowners told not to expect interest rate cut until 2025 as mortgage squeeze goes on

Leading economists at the OECD also stressed the UK would have the second slowest GDP growth of the G7 group of wealthy nations

Evening Standard

Despite strong economy, Texas cities grapple with excess office space

As remote and hybrid working become the new normal, major Texas cities are facing a decline in office tenants. It’s too soon to tell what that means for the vitality of downtowns.

The Texas Tribune

UK mortgage approvals increase after interest rates held at 5.25%

Bank of England figures showed that 47,400 mortgages were approved for house purchases in October.

The Independent UK

The world economy will slow next year because of inflation, high rates and war, OECD says

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates

The Independent UK

Government reveals plan for 350 new rough sleeper homes in London

The announcement comes amid a record-high number of people recorded sleeping on the capital's streets

Evening Standard

Croudace Bay sale tops suburb record

The previous record sale for a house in Croudace Bay was $1.525m.

Newcastle Herald

'Deplorable' scammer duped prospective renters

Police are appealing for help to find a man they allege falsely advertised short-stay accommodation for lease before taking money from prospective renters.

AAP

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The Guardian - AU

Australia’s inflation rate eased to 4.9% in October, reducing likelihood of another rate rise

Consumer price index rose last month at an annual rate of 4.9%, which is lower than economists had forecast

The Conversation

What are young Australians most worried about? Finding affordable housing, they told us

Many of us were anxious and fearful during the COVID pandemic, but we’ve probably started to feel a lot better since lockdowns have stopped and life looks more like it did previously.

Newcastle Herald

'Lazy': jury's out on new state rules for council housing density caps

NSW Liberals called the new rules 'lazy' and 'ill-thought-through'.

Chicago Sun-Times

Chicago wrongly limited affordable housing with aldermanic prerogative, HUD says

Mayor Brandon Johnson’s administration is being asked to enter talks for an “informal resolution” of an almost five-year civil rights investigation by the U.S. Department of Housing and Urban Development

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USAFacts

Where are home prices rising and falling in the US?

Camden, New Jersey, saw a 10.6% increase in home prices this past year, the biggest nationwide increase. El Paso, Texas (10.3%), and Syracuse, New York (9.6%), followed.

The Independent UK

Donald Trump will take the stand again at fraud trial

The former president is expected to return to the stand as the closing witness for the defence

The Independent UK

Judge cites handwritten will and awards real estate to Aretha Franklin's sons

A judge overseeing the estate of Aretha Franklin has assigned real estate to the late star’s sons

AAP

Easing inflation takes heat off interest rate rises

Cooling inflation figures have improved the chances of the Reserve Bank keeping interest rates on hold.

Chicago Sun-Times

Cook County property tax tool shows owners where their tax money goes

The online education tool, “Where Your Money Goes,” calculates the money owed to each school district or other local unit of government in the past two years — showing the increase or decrease from the year before.

The Guardian - UK

Building houses on Britain’s vast, exclusive golf courses makes sense for everyone – even golfers

Such radical plans wouldn’t just help tackle our chronic lack of housing, but also let the sport shed its elitist tag, says Phineas Harper, chief executive of Open City

The Guardian - UK

Renting property in the UK: how to get the home you want

Know what you want and set an all-inclusive budget

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