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The Latest Breaking News on Real Estate

The Observer view on leasehold: let’s abolish this antiquated and unfair system

It’s simply a money-making scam that allows landowners to exploit those who have bought their own homes

The Guardian - UK

Will they, won't they? All eyes on RBA Cup Day meeting

Stubbornly high inflation has raised the chances of a November interest rate increase by the central bank, putting more financial pressure on borrowers.

AAP

Selling Sunset season 7: who is the richest cast member?

Selling Sunset season 7 is now available to stream and we took a look at the net worth of the cast members. Here’s what we found.

WhatToWatch

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read the most diverse news in one place.

‘Property porn’ estate agent The Modern House cuts staff amid downturn

Aspirational website and Instagram feed joins firms laying off workers as market slowdown hits

The Guardian - UK

Tory MPs to challenge government if leaseholds ban does not apply to flats

Exclusive: Measure in planned bill stopping sale of new properties under leasehold in England and Wales likely to only cover houses

The Guardian - UK

Lack of affordable housing in Los Angeles' Venice Beach neighborhood inspires activism and art

A Los Angeles gallery installation offers a unique art-meets-data look at the eviction crisis in the Venice Beach neighborhood

The Independent UK

How does the government support people with Section 8 housing?

The Department of Housing and Urban Development offers two rental assistance programs for low-income Americans under Section 8 housing — Project-Based Rental Assistance and Housing Choice Vouchers.

USAFacts

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Luxury Home Prices Rise as the Rich Dodge High Mortgage Rates

Luxury home prices rose 9% to the highest third-quarter level on record, Redfin reports, growing nearly three times faster than non-luxury prices.

Kiplinger

Santa Fe considers tax on mansions as housing prices soar

Outrage over the price of basic housing is spurring calls for a tax on mansions in a Southwestern city cherished by tourists and second-home owners for its adobe architecture and Rocky Mountain vistas

The Independent UK

Inside a controversial auction of Gullah-Geechee homes: ‘This land needs to be protected’

Tax-burdened property owned by the descendants of formerly enslaved people in South Carolina is being sold to hedge funds and developers

The Guardian - US

Eric Trump says he was not involved with documents at heart of fraud trial

Ex-president’s second son says he relied on accountants and lawyers to check financial records judge has ruled to be fraudulent

The Guardian - US

OPINION - Airport lounges are victims of their own success, they’re now far too popular

Forget The Bishops Avenue in north London, Billionaire’s Row in Manhattan or Mount Nicholson in Hong Kong. The most expensive real estate in the world can be found on an aeroplane.Every inch — from the cardboard excuse for a seat in economy class to the luxuriant flat beds in first…

Evening Standard

Eric Trump returns to the witness stand in the family business' civil fraud trial

Eric Trump is back on the stand to testify at the civil fraud trial accusing his father of exaggerating his wealth and the value of his assets to deceive banks and insurers

The Independent UK

Family of tenant who killed himself over noise accuse landlord of ‘gross failings’

Exclusive: Relatives reveal landlord Clarion continued to demand rent four months after Mark Pearce’s death

The Guardian - UK

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news in one place.

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Evening Standard

Time capsule home of influential modernist architect of Harlow New Town for sale for first time since 1960s

John Graham, famous for his design and development of Harlow New Town, built Suncourt in 1960 and lived there until his death in 2021

AAP

Victims 'did quite well out of' fraudster's scheme

A former realtor found guilty of 115 fraud offences strongly maintains that he did not set out to deceive anyone, his barrister says.

The Independent UK

Federal agents search home of a top fundraiser for New York City Mayor Eric Adams

Federal agents have raided the home of a top fundraiser and longtime confidante to New York City Mayor Eric Adams

The Independent UK

National Association of Realtors CEO stepping down; ex Chicago Sun-Times CEO tapped as interim hire

The CEO of the National Association of Realtors is stepping down nearly two months before his planned retirement

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The Texas Tribune

To fight climate change and housing shortage, Austin becomes largest U.S. city to drop parking-spot requirements

Affordable housing advocates, developers and climate activists say rules requiring a minimum amount of parking spaces on new projects drives up construction costs and enables a dependency on vehicles to get around town.

Chicago Sun-Times

National Association of Realtors CEO Bob Goldberg resigns, replaced by former Sun-Times CEO Nykia Wright

Goldberg’s departure follows the resignation of former President Kenny Parcell, who was accused of sexual harassment.

The Independent 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

Kiplinger

Home Sellers' Costs Could Soon Be Cheaper Due To This Court Case

Home sellers may see big changes next year following $1.8B guilty verdict against brokerages that inflated home sales commissions.

The Independent UK

The average long-term US mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row

The average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb —- modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market

Evening Standard

Size of UK build to rent sector has scope to swell, but firms face challenges in London

Get Living is among companies that have created large rental homes developments in London

The Guardian - US

Fifty-three and couch surfing: when divorce forces a hunt for new housing

It often takes two incomes to make rent in the US, which is why a separation can push ex-partners into unusual arrangements

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