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The Latest Breaking News from Housing Market

Real estate agents reinvent ‘love letters’ as competition heats up

In today’s red-hot housing market, buyers are doing everything they can to compete. Waiving contingencies, bidding well over asking and in some cases even making an offer on a property sight unseen are all becoming de rigueur.

Tribune News Service

Airbnbs outnumber New York City apartments in hot market

The number of short-term rentals in New York City is outpacing the number of available apartments, putting a pinch on renters who are looking for space in a hot housing market.

Tribune News Service

Australia's economy holds plenty of pitfalls for election winner

Whichever party takes the reins of power at Australia's election on Saturday faces an economic road pitted with pot holes, from runaway inflation to rising interest rates, ballooning debt and an over-heated housing market.

Reuters

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Latest Housing Blow: Homebuilder Confidence Slips

'The housing market is facing growing challenges,' says National Association of Home Builders Chief Economist Robert Dietz.

The Street

Jeff Bezos Increases His Bet On The Single-Family Housing Market

The billionaire founder of Amazon.com, Inc. (NASDAQ: AMZN) Jeff Bezos just made his second investment in the real estate investment platform Arrived Homes during the company's $25 million Series A round.

Benzinga

The crazy housing market is finally slowing

But rising mortgage rates will continue to put the squeeze on buyers.

Axios

Trapped: Australia’s economy is hostage to the housing market, and neither party is willing to save us

The politics of Morrison’s super-for-homes announcement is obvious and desperate. But what of the economics of this ongoing obsession with the housing market?

Crikey

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Eye-watering house prices see first-time buyers priced out of housing market

IN the 1970s the average Scottish house price was just £3617. In the 1980s it was more than £15,000, by the 1990s it was around £35,000 and come…

The National (Scotland)

Missed mark on land release adds pressure to ACT housing market

Growth of Canberra's north under threat after court rules in neighbour's favour.

The Canberra Times

Musk On Housing Bubble Burst: 'They Dug Their Own Graves – A Lesson We Should All Take To Heart'

Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk's eclectic thoughts and views are usually on full display in his tweets. This time around, he shared his views on the housing market collapse.

Benzinga

Northern Ireland housing market jumps again despite cost of living crisis

Agents expect prices to continue higher in the coming three months

Birmingham Post

Housing Beat: Mortgage Rates Keep Climbing As Inventory Levels Slowly Expand

More homebuyers were taking out mortgages despite climbing rates while the tight housing inventory is showing signs of improving. Nonetheless, many homebuyers are not optimistic about the housing market’s near future.

Benzinga

Gradual decline in house prices predicted amid cost of living crisis

A GRADUAL slowdown in the housing market in Scotland is likely as the cost-of-living crisis bites, a report has warned.

The National (Scotland)

Edinburgh and London's cheapest one-bed flats compared - price, size and condition

To investigate how the housing markets in the Scottish and UK capital compared, we took a look inside the cheapest one-bedroom flats that have gone up over the past week

Edinburgh Live

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ABC News

Tasmania's housing market frenzy may be over, but prices still at an all-time high

There are signs Tasmania's real estate market has started to soften, with the Real Estate Institute of Tasmania's March quarterly report indicating the number of property sales has dropped — but prices are still running hot.

The Guardian - AU

Has the interest rate rise broken Australia’s housing market fever?

Prices remain high, but the days of frenzied auction bidding may be numbered with the recent interest rate hike and a slowing market

Daily Mirror

Rising interest rates could slam the breaks on the pandemic property boom

The Bank of England recently announced a lift in the borrowing rate from 0.75% to 1% - the highest level in 13 years, with a chilling warning that the UK economy is set to go into reverse

The Street

Zillow Stock Tumbles On Muted Sales Outlook As Mortgage Rates Surge, Housing Market Cools

"With forecasts varying widely, one thing that is clear about the 2022 housing market is that the path ahead is uncertain." Zillow said in a letter to shareholders late Thursday.

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ABC News

Higher interest rates and mortgage repayments will be 'the new normal' for home owners in 2022, analyst says

The Reserve Bank's 25-basis point increase is just the first of many on the horizon, and Queensland homeowners need to brace for higher home loan repayments over the next 18 months, a leading property analyst says.

Birmingham Post

Buoyant economy and housing market boost Danske Bank's Northern Ireland profits

The bank made £16.7M in the first quarter, up from £15.8M in the same period in 2021

Tribune News Service

Fear of missing out is fueling the real estate market, and experts are concerned

Rising interest rates and higher home prices would normally cool a hot housing market, yet the national and local real estate scenes continue to run red hot.

Tribune News Service

Fears of housing bubble mount, but any correction won’t be like the last

In the first year of the pandemic, home values defied expectations by skyrocketing. During the second year of life with COVID, property prices soared even more.

Evening Standard

Rightmove: ‘Frenzy’ in housing market as London prices hit new record high

Rising demand amid the return to city life means seven boroughs are enjoying double-digit growth and properties in the capital are selling the fastest they have in a year.

The Guardian - AU

New Zealand’s cooling housing market means opportunity for some, angst for others

Some readers see the housing slowdown as their first chance to buy while those already on the ladder could be hit hard by rising interest rates

The Street

More Bad News for Housing Market As Sales Drop

Existing home sales fell 2.7% in March from February and were down 4.5% from a year ago.

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