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The Latest Breaking News on Real Estate

Texas sues Colony Ridge development for fraudulent real estate practices

Residents of the Houston-area development, who were maligned by Republicans last year, have complained about the developer for years.

The Texas Tribune

What’s in the UK’s new definition of ‘extremism’

And how will groups deemed to meet the new criteria be sanctioned?

Al Jazeera

Opportunity Zone Investing Still Hot Despite Looming Sunset

Tax incentives and rise of niche fund strategies make the qualified opportunity zone program an attractive way to grow tax-free wealth.

Kiplinger

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Most expensive homes lead price growth in Newcastle and Lake Macquarie

The report analysed home value growth over the last quarter.

Newcastle Herald

All aboard: The Railway Hotel in Muswellbrook listed with $3 million guide

The hotel has two poker machine entitlements.

Newcastle Herald

Victoria looks to ditch car park minimums for apartments near public transport

Proposal under consideration aims to ease traffic congestion and speed up housing development

The Guardian - AU

Matt Yglesias on the Takings Clause and Curbing Exclusionary Zoning

Prominent political commentator and zoning reform advocate comments on my work on this topic (with Joshua Braver).

Reason

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'Compelling evidence oligarch's £50m empire built on crime,' High Court ruling finds

Mr Justice Poole said there is a ‘solid’ case against Javanshir Feyziyev but he denies any wrongdoing

Evening Standard

'We need action now': regional crime gap keeps growing

Crime rates between the country and city are getting worse in NSW as Australia's first women's safety commissioner begins work to address family violence.

AAP

London rents drop by 10 per cent as landlords under pressure to attract tenants

After years of rising rents, London landlords are having to drop their rents or risk having empty properties

Evening Standard

Ground rent not legally or commercially necessary, says UK watchdog

CMA says government may have to step in to protect leaseholders, as thousands in England and Wales remain trapped in contracts

The Guardian - UK

Sydney’s Wharf Apartment is a heritage maritime space that evokes a coastal holiday home

Lawless & Meyerson’s Wharf Apartment is a careful, contemporary residential transformation in Sydney’s Finger Wharf that taps into the property's historic character

Wallpaper

Twin reservoirs to the rescue of Hyderabad again

Hyderabad's twin reservoirs, Osman Sagar and Himayat Sagar, are crucial for city's water supply, ensuring no summer crisis.

The Hindu

Newcastle unit numbers up, but Hunter region's home approvals take a dive

Total dwelling approvals in the Hunter fell 7.4 per cent in 2023.

Newcastle Herald

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The Guardian - AU

Interest rate rise unlikely after sluggish quarter of GDP growth, Australian economists say

Spending on Taylor Swift concerts defies pattern of consumers tightening their belts, with CBA predicting a September rate cut

The Guardian - UK

UK mortgage arrears rose 9.2% in 2023 last quarter amid ‘surge in borrowing costs’

Mortgage balances with some arrears at highest value since late 2016, Bank of England data shows

Latin Times

Latino Homeownership Approaches 50% as Rates Continue to Climb in the U.S.

A new report by NAHREP reveals that there are now over 9.5 million Latino households owning their homes

Evening Standard

Mortgage rates: Bank of England reveals sharp rise in arrears as interest rate hikes hit homeowners

The £20.3 billion problem – home loans behind on payments up 50% year-on-year

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news in one place.

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Kiplinger

9 Tips to Successfully Rent Out Your Home

Many people don't want to sell homes with low mortgages, so a more attractive option is renting. There are many steps to make renting out your home work.

The Guardian - US

American dream of owning a home is dead, majority of renters say

Exclusive: most renters surveyed by Harris Poll say the areas they live in have become so unaffordable they are ‘barely livable’

The Hindu

Jains WestMinster row | Madras High Court directs builder to disclose all details regarding its financial health

Madras High Court directs Jain Housing to disclose financial details and address safety concerns in Chennai residential towers.

Evening Standard

House market slump hits Persimmon profit as south and east counties stay "weak"

Shares in the York-based firm fall after drop in annual profit and slowdown in completions

AAP

Return of tower residents not 'mathematically possible'

Lawyers for the Victorian government say a plan to demolish and rebuild 44 public housing towers did not breach human rights despite failing to consult tenants.

WEKU

Airbnb bans all indoor security cameras

Starting April 30, Airbnb is prohibiting all indoor security cameras in its listings. Previously, it allowed indoor cameras in common areas that were disclosed prior to booking and visible to guests.

WEKU

U.S. Housing Secretary Marcia Fudge will step down this month

Fudge, 71, is one of the few cabinet members to leave the Biden administration so far, and will return home to Ohio. She says affordable housing is a bipartisan challenge that needs more funding.

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