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The Latest Breaking News on Real Estate

17% annual slump in home sales in September – HMRC figures

Across the UK, an estimated 85,610 home sales took place in September 2023, which was also 1% lower than in August, HMRC said.

The Independent UK

Chicago should jump to get federal money that would help revamp LaSalle Street

LaSalle Street would be perfect for the new federal effort, announced last week, that encourages cities and states to turn empty office buildings — particularly ones near transit — into housing.

Chicago Sun-Times

Sadiq Khan's deputy warns of 'very worrying' rise in rough sleepers in London

Deputy mayor Tom Copley said that without a 'change in approach' there was 'no real chance' of ending rough sleeping

Evening Standard

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Renovated North Lambton home tipped to break suburb record

The median house value in North Lambton is $771,000.

Newcastle Herald

Trump kids' testimony could backfire

Trump's three oldest children are expected to take the stand at trial that will determine Trump Org.'s future

Salon

Spotlight site up for sale after DA approved for 26-storey towers

Rising interest rates and high construction costs are putting pressure on development projects.

Newcastle Herald

The pitfalls of the marathon mortgage

Buyer beware on long-term home loans

Evening Standard

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47 trains cancelled due to accident in Andhra Pradesh; passengers stranded

BHUBANESWAR: The Indian Railways has cancelled as many as 47 trains following the train accident that occurred between Alamanda and Kantakapalle on Vizianagaram-Kottavalasa railway section in Andhra Pradesh on Sunday. As the Chennai-Howrah mainline was affected in the accident, the Railways cancelled, diverted and partially cancelled many trains.

The Times of India

UK mortgage approvals slump before interest rates decision

Remortgaging at lowest level since January 1999 as borrowers face higher repayments

The Guardian - UK

Mortgage approvals slump as ‘autumn housing market pick-up fails to materialise’

Some 43,300 mortgages were approved for house purchase in September, marking the lowest monthly total since January 2023.

The Independent UK

Most Cook County property owners will pay more in taxes this year

The majority of Cook County homeowners will have bigger property tax bills this year — and this time the north and northwest suburbs got hit particularly hard.

Chicago Sun-Times

China holds major financial conference as leaders maneuver to get slowing economy back on track

China’s leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing

The Independent UK

German economy shrinks; UK remortgaging lowest since 1999; window firm Safestyle enters administration – business live

Rolling coverage of the latest economic and financial news, as German GDP shrinks slightly in the third quarter of the year

The Guardian - UK

Should I use my lifetime Isa to buy a house to rent out or wait until I leave the forces?

Once I have left I intend to make a purchase with my girlfriend but need advice as a first-time buyer

The Guardian - UK

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Newcastle Herald

56 bids in battle to buy run-down New Lambton duplex at auction

'It was an older place that was ripe for renovation.'

The Guardian - UK

Councils in England facing bankruptcy as lack of housing pushes up costs

Budgets could be overwhelmed as evictions and rising mortgage rates cause homelessness to surge

The Guardian - UK

England’s ‘broken’ housing system is now a problem no council can avoid

High house prices, soaring rents and benefit cuts are forcing more and more to seek help from local authorities

The Guardian - UK

Interest rate rises caused sharp drop in UK household wealth, report finds

Resolution Foundation says higher interest rates have led to a fall in house prices and pension pots

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news in one place.

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The Independent UK

Prices falling in most local housing markets in UK, Zoopla finds

All local markets in London, South and East England registered annual house price falls.

Evening Standard

London house prices fall as UK market undergoes most dramatic slowdown since 2009

Homes in London are better value for money, reports Zoopla, but higher mortgage rates have impacted sales

The Guardian - UK

House prices fell in 80% of UK markets this year, says Zoopla

London and England’s southern and eastern regions worst affected as higher mortgage rates sap demand

The Guardian - UK

Government policy is trapping refugees into becoming homeless

Letter: Anne Johns calls out a particularly nasty calculated cause of homelessness

The Guardian - AU

Australian rental vacancy rate falls to record low, data shows

Limited supply and strong demand prompts national median weekly advertised rents to rise 14.6% over the year

AAP

Fresh insights into retail sector, housing market

Consumers have been reining in their spending in response to high interest rates and new data may signal a continuation of this trend.

Chicago Sun-Times

How Ben Lindau overcame a stroke and built a soccer career

A Chicago native, Lindau will be part of the U.S. Men’s Cerebral Palsy National Team that will play at the Parapan American Games next month in Santiago, Chile.

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