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The Latest Breaking News on Real Estate

Asking prices fall as UK housing market hit by budget speculation, Rightmove says

November drop of 1.8% is biggest for this time of year since 2012, with chancellor’s plans looming

The Guardian - UK

Two-thirds of English councils have not prosecuted a single landlord in past three years

Exclusive: Councils prosecuted just 64 landlords despite receiving 300,000 complaints from tenants in unfit homes

The Guardian - UK

I'm a Real Estate Investing Pro: This High-Performance Investment Vehicle Can Move Your Wealth Up a Gear

Leave online real estate investing to the beginners. Accredited investors who want real growth need the wealth-building potential of Delaware statutory trusts.

Kiplinger

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One of Britain’s biggest housebuilders urges government to support first-time buyers

Taylor Wimpey chief Jennie Daly calls for revival of help-to-buy equity loan scheme to revive property market

The Guardian - UK

At least 120 hurt in gen Z protests over corruption and drug violence in Mexico

Clashes erupt between protesters and riot police in the capital as rallies take place in cities across the country

The Guardian - UK

Amherst CEO Sean Dobson Warns Pandemic Policies Made Homeownership Unaffordable For An Entire Generation

A leading real estate CEO has warned that the extraordinary economic measures deployed during the Covid-19 pandemic have pushed U.S. housing costs to historic highs, leaving millions shut out of homeownership.

Benzinga

Wages data could force RBA to turn page on rates cut

Unlikely to receive another rate cut in the next six months, borrowers will at least see the big four banks face parliamentary scrutiny in Canberra this week.

AAP

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Nature not a blocker to housing growth, inquiry finds

Commons committee report challenges ‘lazy narrative’ used by ministers that scapegoats wildlife and the environment

The Guardian - UK

‘Be bold but calculated’: how to get a low offer on buying a home accepted

In a buyer’s market, sellers are being more realistic on prices – we look at how to get your strategy right

The Guardian - UK

English councils plan to sell off social clubs and sports centres to balance books

Survey finds 60% of key cities councils are planning to sell assets to meet costs of adult and children’s social care

The Guardian - UK

Deal Dispatch: Warner Bros., Bill.com, C3 AI—Key Auctions And Buyouts Shake The Market

Purdue Pharma won court approval to exit bankruptcy, ending six years of litigation over its multibillion-dollar opioid settlement and the Sackler family’s liability releases. Purdue's Chapter 11 plan provides an estimated $7.4 billion to address nationwide opioid harm.

Benzinga

'The Beast in Me' Ending, Explained: Breaking Down the Twists in the Netflix Miniseries

Claire Danes and Matthew Rhys star in the cat-and-mouse miniseries.

Marie Claire

What to Know About Portable Mortgages

A closer look at how portable mortgages would work, who might benefit and why the concept is gaining attention amid high rates and limited supply.

Kiplinger

Leaseholder fury at £100k bills for new windows during major works beset by delays

Westminster City Council is consulting on refurbishing the final five tower blocks on the Hallfield Estate in Bayswater

Evening Standard

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Benzinga

Start-Up Entrepreneurs And Investors Can Get 'Premium Residency' In Saudi Arabia

You could qualify for residency in Saudi Arabia if you're a start-up entrepreneur, investor, or real estate owner, according to the government's website. The Premium Residency visa allows holders to live and work in the kingdom, and own property without a sponsor.

Evening Standard

London council housing boss resigns over landlord licence blunder that Rachel Reeves also made

Southwark Council’s Cabinet Member for Housing, Michael Situ, admitted he did not obtain the correct permissions to let out his Peckham properties

The Independent UK

Does the Budget make a good or a bad time to put my home on the market?

Big fiscal statements from the government can impact home prices as well as the wider market activity

The Guardian - UK

Homelessness is increasingly hard to ignore – unless you are the Labour party

The government is focused on building new homes for floating voters, while landlordism is discouraged and homes stand empty, says Guardian columnist Simon Jenkins

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Evening Standard

'Tesco Towers' plan to build 500 flats thrown into doubt after developer pulls out

Fears over future of plan for 504 homes in ten blocks up to 13-storeys high was submitted to Harrow Council

International Business Times UK

Donald Trump and Jeffrey Epstein's Friendship Resurface as 'Paedophile' Old Photos Spark New Outrage

Old photos of Donald Trump and Jeffrey Epstein resurface, triggering outrage and scrutiny as new reporting reveals what is fact and what remains unproven.

The Independent UK

Getting the story: How an AP reporter chronicled a sensitive story about school and eviction

AP reporter Bianca Vázquez Toness has heard teachers worry that the most pernicious challenges their students face, like poverty or housing insecurity, are beyond the realm of what schools can fix

The Independent UK

PHOTO ESSAY: One single mom's quest to find housing after an eviction

Last year, Sechita McNair and her three kids were evicted from their apartment in a rapidly gentrifying Atlanta neighborhood.

Reason

Los Angeles City Council Votes To Lower Rent Caps on 650,000 Rent-Stabilized Apartments

The new rules would permit landlords to raise rents by a maximum of 4 percent per year, a decrease from the 8 percent maximum allowable increase under the current rules.

The Independent UK

Foreclosure rates have soared 20% over the last year in latest worrying sign for the economy

Foreclosures remain below historic peaks but the data is a warning sign when paired with larger inflation issues across the economy

Reason

A New Lawsuit Says New York's Rent Law Is Forcing Landlords To Keep Apartments Empty

Landlords argue that rent caps on vacant units prevent them from financing the costs of legally mandated renovations.

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