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The Latest Breaking News on Real Estate

Voices: If interest rates fall, could the 3 per cent mortgage make a comeback?

COMMENT : The governor of the Bank of England has hinted at a cut in rates thanks to the government’s decision to tax jobs. James Moore shares the welcome news that mortgages will get cheaper – but adds a note of caution

The Independent UK

How mortgage market changes could help first-time buyers onto the property ladder

Stress test rules and lending limits being changed are positives - but a balance still needs to be struck

The Independent UK

I was on New York’s rent board. Zohran Mamdani’s ideas aren’t pie in the sky

The Democratic mayoral candidate has faced controversy over his calls for a rent freeze. But the plan has plenty of precedent

The Guardian - US

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The cosmetics billionaire, the rock star, and a series of very mysterious property deals in prime Palm Beach

An ultra-wealthy buyer is using LLCs to hide while purchasing multi-million dollar properties just miles away from Donald Trump’s home at Mar-a-Lago

The Independent UK

Pound drops after Bank of England says it could further cut interest rates if jobs market slows

‘Slack’ opening up in UK economy as higher taxes squeeze employers, says Andrew Bailey

The Guardian - UK

Afternoon Update: Treasury’s dire housing warning; German backpacker speaks after WA ordeal; and Cook Islands considers its future

Treasurer downplayed advice from department officials saying current policy settings would not deliver 1.2m new homes target

The Guardian - AU

Bank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – as it happened

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.

The Guardian - UK

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How a wealth tax on Scotland's luxury properties and estates could work

SCOTLAND could raise hundreds of millions of pounds by introducing a wealth tax on properties, Common Weal’s head of policy has said ...

The National (Scotland)

Home truths on housing target in leaked Treasury advice

Leaked advice on the government's new home target has failed to ruffle the treasurer, who says having an ambitious goal is better than building too few homes.

AAP

Sales of UK country houses rise as buyers tempted out by lower prices

Deals for homes worth more than £750,000 are up 7% in June over last year with more properties on market

The Guardian - UK

Champagne problem for NYC Whole Foods as Studio 54-founder’s venture causes headaches: suit

The lawsuit alleges that lines of people waiting for access to The Roof – an exclusive rooftop bar at Public Hotel – are blocking delivery access for the store

The Independent UK

Gen Z Doomed To Pay Rent Forever? Number Of First-Time Buyers Shrink As Average House Tops $422,000

Buying a starter home has rarely looked tougher. New National Association of Realtors data show just 1.14 million Americans bought their first house in 2024, barely a third of the 3.2 million who did so two decades ago and roughly half the historical norm.

Benzinga

Why is the number of first-time US homebuyers at a generational low?

Young Americans are holding off on buying a home, with the average age in 2024 being a record high of 38

The Guardian - US

Trump's Dealmaker Name On The Line In High Stakes Tariff Talks

President Donald Trump set out early in his second term to fulfill a decades-long desire of reshaping US trade with the world, but the main outcomes so far have been discord and uncertainty.

International Business Times

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The Guardian - AU

Great job, good education, no home: is Australia’s bloated property market destroying the middle class?

A fresh cycle of interest rate cuts have propelled house prices in capital cities to peak levels – locking new buyers out of the market

The Independent UK

Court overturns ex-state attorney's mortgage fraud conviction but upholds perjury convictions

A federal appeals court has upheld the perjury convictions of former Baltimore State’s Attorney Marilyn Mosby, but the court overturned a mortgage fraud conviction and the resulting forfeiture of a Florida property

Benzinga

Mortgage Rates Inch Up To 6.72% After 5 Weeks Of Decline, But Experts See Stability Ahead

The average long-term U.S. mortgage rate has risen, marking the end of a five-week downward trend. Despite this increase, experts predict that mortgage rates will remain relatively stable in the coming months.

The Guardian - UK

Black people in England four times as likely to face homelessness, study finds

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news in one place.

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Latin Times

Ken Paxton's Wife Files for Divorce on 'Biblical Grounds,' Cites 'Recent Discoveries' Behind Decision

Texas State Senator Angela Paxton has filed for divorce from Attorney General Ken Paxton after 38 years of marriage. She cited "biblical grounds" to back her decision.

The National (Scotland)

Four ways Mairi McAllan can fix Scotland's housing crisis

Good evening! This week's edition of the In Common newsletter comes from Dr Craig Dalzell, head of policy and research at Common Weal.

Bored Panda

This Online Group Is Dedicated To ‘Mildly Interesting’ Stuff, And Here Are Their 49 Best Posts (New Pics)

With everything that's going around the internet, we have become hard to surprise. But one online community consistently amazes even those who think they've seen it all.

Evening Standard

Couple awarded £500,000 after luxury tower blocked light to their South Bank flat

Stephen and Jennifer Powell sued the developers of the £2 billion Bankside Yards scheme after the 17-storey Arbor tower slashed natural light to their Bankside Lofts apartment

Evening Standard

London housing crisis 'now an emergency' as fewer than 4,000 affordable homes started last year

Interactive map shows boroughs where barely any new homes are being built

The Guardian - UK

Labour housing plans could destroy 215,000 hectares of nature in England, analysis shows

Critics say change in biodiversity protections would harm environmental recovery and make scheme ineffective

The Independent UK

First-time buyers to get mortgage boost after key Bank of England rule change

An extra 36,000 mortgages at higher loan-to-income values could soon be within reach

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