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The Latest Breaking News on Real Estate

Chicago City Hall is owed billions of dollars it hasn’t managed to collect

A Sun-Times analysis finds that thousands of scofflaws — many from the suburbs — have dodged city debts over the years, depriving City Hall of a massive sum of money as Mayor Brandon Johnson faces steep budget challenges.

Chicago Sun-Times

UK house prices rise for third straight month as mortgage rates fall

Nationwide says average property price was £258,557 in November, £5,231 down on same month last year

The Guardian - UK

UK house prices inch higher but ‘rapid rebound’ in property market unlikely

House prices inched up by 0.2% last month, compared with October, Nationwide revealed in its monthly House Price Index.

The Independent UK

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Trump biopic "The Apprentice" details

Check out which Marvel star will play the former president when he was building his real estate empire

Salon

Glasgow formally declares housing emergency amid increase in homelessness

Scotland’s biggest city has declared a housing emergency as the council expects an increase in homelessness cases.

The National (Scotland)

Home prices growth in Newcastle and Lake Macquarie top in state in November

The median house value in Newcastle has climbed to $878,672.

Newcastle Herald

Senate Judiciary authorises subpoenas of conservative activists in Supreme Court ethics probe

Thursday’s contentious hearing ended in an entirely Democratic vote after Republican members of the committee walked out

The Independent UK

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The average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September

The average long-term U.S. mortgage rate fell for the fifth week in a row, more good news for prospective homebuyers grappling with an increasingly unaffordable housing market

The Independent UK

'We're under pressure too', Chalmers tells treasurers

State and federal treasurers are yet to reach an agreement on the GST no worse off guarantee but talks are set to continue at national cabinet next week.

AAP

Home prices break through ceiling but growth eases

The housing market downturn of last year has been completely unwound, but the pace of growth is slowing.

AAP

Sebastian Stan Cast as Young Donald Trump in Upcoming Biopic 'The Apprentice'

It'll follow Trump in the '70s and '80s in New York.

Marie Claire

High rental costs fuel loneliness among older Londoners, data reveals

'An already critical situation is on the verge of getting much worse', the National Housing Federation warns

Evening Standard

Housing ‘disgrace’ as number of families in temporary accommodation hits record high

Nearly 140,000 children are living in temporary homes

The Independent UK

Eurozone inflation falls to within striking distance of 2% target

November’s figures fuel speculation about timing ECB interest rate cut as concerns grow about national finances

The Guardian - UK

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The Guardian - UK

Six times more newly homeless families than new social houses, England data shows

Councils forced to put people in expensive temporary accommodation as only 8,386 social homes built in 2022-23

The Independent UK

UK house sales tumbled by a fifth in October, HMRC says

Across the UK, an estimated 82,910 house sales took place in October, which was also 3% lower than September.

The Independent UK

Inflation in Europe falls to 2.4%. It shows interest rates are packing a punch

Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years

AAP

Better month for home approvals but new building soft

The outlook for new home building is looking lacklustre as delays, high costs and interest rate hikes make it difficult to get new projects off the ground.

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news in one place.

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The Guardian - AU

Donald Trump biopic: Sebastian Stan, Jeremy Strong and Maria Bakalova cast in The Apprentice

Stan, who recently played Tommy Lee in Pam & Tommy, will play the former US president in new film, joined by Strong as Roy Cohn and Bakalova as Ivana Trump

The Guardian - AU

Jim Chalmers welcomes OECD prediction RBA has reached interest rate peak

Federal treasurer downplays prospect of posting a second successive budget surplus

Chicago Sun-Times

CHA’s $50 million plan to renovate scattered site housing is a step in the right direction

The CHA could start to fix its poor track record on providing enough affordable housing for Chicagoans in need. The CHA’s board should approve the funding.

Evening Standard

Sadiq Khan urges Government action to fix London's damp and mouldy flats

The mayor said councils still do not have enough powers to punish London's worst landlords

Kiplinger

Buying a Home? You Need a Six-Figure Income and a Big Down Payment

The median household income for home buyers hits a record $107,000; Down payments rise to more than two-decade highs as housing market crunch continues, NAR study shows.

The Guardian - UK

Gove’s leasehold reform bill does not ban leaseholds on new-build houses

Rush to write legislation means clauses to ban the leaseholds will be added via amendments

Newcastle Herald

'Poor, poor planning': council wants sit down on major housing estate

There's concern future residents will pay the price.

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