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The Latest Breaking News on Real Estate

Ban to be put on the creation of new leasehold houses in England and Wales

The Government will also consult on capping existing ground rents and the standard lease extension term will be increased from 90 years to 990 years.

The Independent UK

Renters Bill provides benefits for both tenants and landlords, Government says

The Bill is said to be part of the plan to support 11 million private tenants and 2.3 million landlords in England.

The Independent UK

Where Do Homes Sell the Fastest?

Houses sell the fastest in Massachusetts and New Hampshire, new study shows, and slowest in Montana and New York.

Kiplinger

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Family of Captain Sir Tom Moore told to demolish unauthorised spa pool

Hannah Ingram-Moore and her husband Colin lost their appeal against the demolition order.

The Independent UK

Average UK house price jumped by about £3,000 in October, says Halifax

A low supply of homes for sale is likely to have strengthened prices in the short-term, the bank said.

The Independent UK

UK house prices rise for first time since March amid supply shortages

Market likely to fall in short term amid high interest rates and living cost pressures, says Halifax

The Guardian - UK

Why are Trump’s children testifying at New York civil fraud trial?

Former president Donald Trump’s three eldest children, Donald Jr, Eric, and Ivanka, are testifying in the civil fraud trial against the Trump Organization

The Independent UK

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UK interest rate cuts expected in 2024; German recession risks rise as factories struggle; oil price drops – as it happened

The yield on UK government bonds drops as the City expects interest rates cuts next summer, as German factory output falls again

The Guardian - UK

House prices rose by 1.1% in October says Halifax

Bank says sellers are being cautious leading to few homes for sale

Evening Standard

Horoscope for Tuesday, Nov. 7, 2023

There are no restrictions to shopping or important decisions. The moon is in Virgo.

Chicago Sun-Times

We know rate hikes lead to higher mortgage payments – but they affect Australia’s economy in myriad other ways

What prompted the RBA’s Cup Day interest rate decision? The answer in a word is inflation far exceeding expectations

The Guardian - AU

Afternoon Update: interest rates hit 12-year high; pro-Palestine protest at Melbourne Cup; and 18th-century love letters

Reserve Bank lifts cash rate by 25 basis points to 4.35%

The Guardian - AU

Australian central bank lifts benchmark cash rate to 4.35% with 13th hike

Australia’s central bank has lifted its benchmark interest rate for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%

The Independent UK

RBA interest rates: Reserve Bank hikes cash rate by 25 basis points to 4.35%

Quarter-point increase to the cash rate will add roughly $100 to monthly repayments for a standard mortgage of about $600,000

The Guardian - AU

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The Guardian - US

Speeches and grandstanding: Trump scores few if any legal points in court

Former president’s testimony was reminiscent of his rallies – and Judge Engoron was having none of it

Salon

Expert: Trump "admitting to more fraud"

Former prosecutor warns result of trial will be "disastrous for Trump"

The Guardian - US

Trump fraud trial testimony: what we learned so far

Donald Trump is threatened with being thrown out of court and says he was too busy as president to review financial documents

Evening Standard

Will the government abolish leaseholds? Everything you need to know ahead of the King’s Speech

Michael Gove once said the leasehold system "needs to go", so what can the millions of households living under it expects from Charles’ first King's Speech?

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The Independent UK

Why isn’t Christine Quinn on Selling Sunset season seven?

The reality star left the Oppenheim Group in April 2022

AAP

Cup day rate hike extends finishing line for borrowers

Mortgage-holders have been hit with another interest rate rise as the Reserve Bank intensifies its fight against inflation.

The Independent UK

Red-faced Trump rages at judge during historic fraud trial testimony

The former president’s attorneys are ordered to ‘control’ him for his evasive answers

Evening Standard

Concern over impact of 'unprecedented development' on south-west London's transport

A petition warns that the area already struggles with 'regular and serious levels of traffic congestion'

StockNews.com

Realty Income (O) Pre-Earnings Analysis: A Retail REIT Stock to Watch?

Realty Income (O) will report third-quarter results later today. Its FFO and revenue are expected to increase year-over-year. Should investors be adding the retail REIT stock to their watchlists? Read on to learn my view….

The Guardian - AU

Almost half of Australian mortgage holders under financial stress as RBA tipped to raise rates again

Record level of stressed households as all but four of 39 economists in survey tip Melbourne Cup Day hike

The Guardian - US

Trump claims financial statements at heart of $250m fraud trial are ‘worthless’

Former president takes stand in New York Trump Organization trial as judge asks lawyer to ‘control your client’

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