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The Latest Breaking News on Real Estate

US Home Sales Edge Up In November But Still Gloomy

Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity.

International Business Times

Home sales snapped a five-month skid in November as easing mortgage rates encouraged homebuyers

Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers

The Independent UK

Quarter of London’s rough sleepers are now ex renters as costs soar

Around 100 evicted tenants now end up on the capital’s streets every month

Evening Standard

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read the most diverse news in one place.

Homeless man who built £300 shed under Battersea Bridge says: 'I'm living the dream'

Shahoo Amini, 43, tells the Standard he feels 'lucky' to have riverside views

Evening Standard

Cost of private renting in UK rising faster than ever, says ONS

Data is sign tenants failing to benefit from fall in inflation and lower house prices

The Guardian - UK

Bank of England under pressure to cut interest rates after surprise inflation fall

Labour say more than a million people face higher mortgage payments ‘after the Conservatives crashed the economy’

The Independent UK

Interest rates could be cut by March, City markets predict

But the Bank of England has been warning that rates may stay higher for longer than traders hope

Evening Standard

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City's migrant shelter program needs overhaul after 5-year-old’s death

The mayor and his staff must demand and get answers regarding what happened in Pilsen — and bear the responsibility for fixing the entire migrant settlement effort.

Chicago Sun-Times

Brexit pain could be eased for Brits with homes in France under new law

Exclusive: UK citizens with residences in France may be granted an automatic long-stay visa

The Independent UK

London rents: 2023 rise was highest since records began, ONS data shows

Londoners spent one third of the total of UK private renting costs this year

Evening Standard

Kate Forbes highlights 'brutal' impact of Westminster cuts on Scottish Budget

FORMER finance secretary Kate Forbes has said the UK Government’s cuts to Scotland’s budget are “brutal” amid fears over whether a key…

The National (Scotland)

More than £16,000 slashed from the value of the average London home says Land Registry

Prices slumped in October after a long succession of interest rate hikes

Evening Standard

Shepherds Bush Market owners given green light for major redevelopment plans

But dozens of traders are opposed to the plans fearing higher rents

Evening Standard

UK inflation falls by more than anticipated to 2-year low of 3.9% in November

Inflation in the U.K. as measured by the consumer prices index has eased back to its lowest level in more than two years

The Independent UK

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Caixin Global

Country Garden Affiliated Property Manager Writes Down $576 Million

Share price plunges 11.5% as leading property manager’s profits are hit by prolonged debt crisis among developers

Tom’s Guide

Can a mini PC replace your desktop? Read this first

Don't let your PC dominate your workspace. This mini PC can give you room to actually work.

The Guardian - UK

Communities can take back control of housing – but they need political support

Letters: Tom Chance on why local builders could be the solution to the country’s housing crisis. Plus letters from Dr Steve Melia, David Redshaw and Michael Heaton

The National (Scotland)

'Devastating': Millions slashed from housing budget amid rising homelessness levels

MILLIONS have been trimmed from Scotland’s housing budget – despite rising levels of homelessness and a housing crisis.

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The Independent UK

Motorist buys London balcony for £35,000 to get hold of Kensington parking permit

The property agent said it was a sign of the times with the poor getting poorer and the rich getting richer

StockNews.com

3 Retail REITs Flashing 'Buy' for Year-End

Amid a slight dip in inflation and resilient holiday spending, opting for Buy-rated retail REITs SmartCentres (CWYUF), Simon Property (SPG), and Saul Centers (BFS) could be a wise move for a reliable income stream. Read on….

Evening Standard

OPINION - Want to buy a house? Pick your parents carefully

I don't know what a coup d'état in Britain would look like. Presumably, the belligerents would simultaneously seize Whitehall/Parliament, the BBC and GCHQ amongst other institutions.

The Independent UK

Boy living in ‘social housing hell’ asks Santa for house that doesn’t have any mould

The Lambeth family has had to move between five different hotels since they left their mould-infested flat in November

The National (Scotland)

Income tax band for higher earners introduced during Scottish Budget

THE Scottish Government has announced a new income tax band for higher earners in its annual Budget.

Evening Standard

Row breaks out between Sadiq Khan and Government as ministers threaten to strip Mayor of planning powers

Housing Secretary Michael Gove has employed a panel of experts to review the London Plan and find where property building in the capital can be sped up

Reason

California Officials Force Elderly Couple To Dismantle Home, Citing Blocked Ocean Views

Plus: Austin's newly passed zoning reforms could be in legal jeopardy, HUD releases its latest census of the homeless population, and a little-discussed Florida reform is spurring a wave of home construction.

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