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The Latest Breaking News on Real Estate

‘Worst of pain may not be over’: Mortgage approvals drop nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

The Independent UK

Student housing used to be affordable. Why has it become an ‘asset class’ to enrich the already wealthy?

We need action to curb this exploitation of young people, says Leilani Farha, global director of the housing initiative The Shift

The Guardian - UK

A reckoning, we hope, at the National Association of Realtors

There is a shakeup in leadership at the Chicago-based National Association of Realtors, and we’d say it’s way overdue.

Chicago Sun-Times

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Mortgage approvals slump as interest rate hikes take their toll

Latest figures from the Bank of England show there were 49,400 net mortgage approvals last month, down from 54,600 in June.

Evening Standard

Number of mortgage approvals to home buyers drops by nearly 10% month-on-month

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

The Independent UK

Mortgage approvals plummet 20 per cent in UK amid soaring interest rates

THE number of mortgage approvals plummeted by more than a fifth in July compared to the same month last year as soaring interest rates take their…

The National (Scotland)

Australia’s rental crisis forcing parents to raise children in caravans and sharehouses, inquiry hears

Senate inquiry told tax concessions for property investors making housing crisis worse and locking young people out of home ownership

The Guardian - AU

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Melbourne city moves towards limiting short-stay rentals such as Airbnb

City of Melbourne council approved in-principle regulations on short-stay rental accommodation on Tuesday night, with a view to combating the housing crisis

The Guardian - AU

Rent-free office incentives get less sweet in parts of central London

Incentives to tempt businesses to offices have got less generous for a number of new London developments as employers compete for modern space, research has found.

Evening Standard

Rudy Giuliani’s Manhattan apartment up for sale for $6.5m

Trump ally and erstwhile ‘America’s mayor’ is selling his Upper East Side home amid a cash crunch due to ongoing legal problems

The Guardian - US

Home repossession fears over ‘Westminster’s mortgage crisis’

THE number of homes being repossessed has risen sharply across Scotland since the pandemic, triggering concerns over the impact of…

The National (Scotland)

Tenants Leave Property Full Of Trash And Feces, Costing$30K In Repairs

I am completely speechless and shocked, the landlord said. The post Tenants leave property full of trash and feces, costing$30K

Zenger

Australia’s inflation rate eased to 4.9% in July, down from 5.4% in June

Larger than expected fall reduces likelihood Reserve Bank of Australia will raise interest rates again

The Guardian - AU

UK home sales in 2023 will be lowest in a decade, says Zoopla

Interest rate rises on mortgages are weakening demand, property website says

The Guardian - UK

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news in one place.

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Evening Standard

Mortgage costs dampen affordability despite falling London house prices and rising wages

London’s price-to-earnings ratio is in single digits for the first time in 11 years

The Independent UK

Number of house sales this year ‘on track to be lowest since 2012’

The number of house sales with a mortgage is expected to be nearly a third lower this year compared with 2022, Zoopla said.

The Guardian - US

A San Francisco official organized a ‘doom loop’ tour. It flopped in spectacular fashion

City commissioner who called the event a ‘satire’ has since cancelled the tour and resigned from his position

Kiplinger

Top 10 Most In-Demand Housing Markets in the U.S.

New housing market data reveals the ten zip codes where in-demand homes spend the fewest days on the market.

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news in one place.

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Newcastle Herald

Controversial housing development edges closer to approval

Sonia Hornery says shes has concerns about a lack of infrastructure.

The Guardian - UK

Repeal of water pollution rules won’t solve England’s housing crisis, say developers

Housebuilders welcome move but fear amending levelling up bill will cause months of delays

Evening Standard

Selling Super Houses: Channel 4’s new property show sees wannabe agents compete to sell trophy homes

Property mogul Paul ‘PK’ Kemsley plays the Alan Sugar role in this new format, which throws eight hopefuls into the heart of London’s prime market

Kiplinger

Best Cities for First-Time Homebuyers

Here are the best cities for first-time homebuyers, according to a new study from Smart Asset. Texas nabs 5 spots.

The Guardian - UK

From socialism to private gyms: co-living has gone mainstream, and it feels like a mixed blessing

A series of new developments are dragging communalism out of the fringes. But can you really put a price on community, asks author Mim Skinner

The Guardian - UK

Homeless families evicted as landlords quit London emergency housing sector

London councils report 120% year-on-year rise in requests for return of properties used as temporary homes

The Guardian - UK

Rishi Sunak used helicopter for trip from London to Norwich

PM has gained reputation for fondness for using helicopters to travel short distances

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