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The Latest Breaking News on Real Estate

The rental housing crisis is hurting our most vulnerable and demands a range of solutions (but capping rents isn't one of them)

Roughly one in three Australians rent their homes. It’s Australia’s fastest-growing tenure, but renting is increasingly unaffordable. From 2020 to 2022, our research found a large increase in the proportion of renters who said their housing was unaffordable.

The Conversation

RBA says slowing economy and acute pressure on household budgets behind interest rate pause

Minutes from the Reserve Bank’s August meeting show the board considered lifting the cash rate to 4.35% but decided to allow more time to look at economic data

The Guardian - AU

Top Chinese developer’s financial woes cast shadow over Australian property market

Huge housing estates developed by Risland on the fringes of Sydney and Melbourne could be affected as shares of parent company Country Garden plunge

The Guardian - AU

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‘One of the best places to live in Britain’ declares housing crisis as rents spiral out of control

Rent in this picturesque town push out locals struggling to keep up with surging housing costs

The Independent UK

National cabinet push for 12-month limit on rent hikes and ban on no-fault evictions

Anthony Albanese says movement on renters’ rights is needed but has rejected the Greens’ calls for a rent cap

The Guardian - AU

Alarm over sharp fall in London business growth

London’s powerhouse economy is starting to feel the impact of successive interest rate rises but remains thefastest growing in the UK, a new survey reveals today.

Evening Standard

Details get nailed down for 2 affordable housing deals on South Side

The projects in West Englewood and Pilsen are designed for families, helping fill what experts call an unmet need.

Chicago Sun-Times

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Fake or not fake? Booking.com’s hotel or apartment was ‘a private house’

On arrival in Paris guests had to find alternative accommodation but a refund has been refused

The Guardian - UK

Five cheapest areas in London to rent a home — as data reveals tenants in the capital now pay double the UK average

Study shows the rocketing cost of renting in all parts of London but some pockets of relative affordability remain

Evening Standard

Urban sprawl is 'not a dirty word'? If the priority is to meet all kids' needs, it should be

Amid Australia’s housing crisis, land-supply slogans are once again dominating discussions about the solutions. Governments and private developers often blame housing crises on lack of land for new housing. Their solution? Rezone farmland for housing on the suburban fringe.

The Conversation

Landlords selling up their buy-to-let make ‘£10,500 less than if they had sold in 2022’

So far this year, the average landlord in England and Wales has sold their buy-to-let for £94,800 more than they initially paid, Hamptons says

The Independent UK

Landlords selling up ‘typically make £10,500 less than if they had sold in 2022’

So far this year, the average landlord in England and Wales has sold their buy-to-let for £94,800 more than they initially paid, Hamptons said.

The Independent UK

South Carolina state Sen. John Scott, longtime Democratic lawmaker, dies at 69

State Sen. John Scott, a longtime South Carolina lawmaker who served in state government for more than three decades, has died after a stint in the hospital

The Independent UK

Revealed: Scandal of renters facing deadly hazards in their homes

Exclusive: One in eight privately rented homes poses a serious health hazard, as government urged to clean up ‘Wild West’ sector by going after ‘slum’ landlords

The Independent UK

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The Guardian - AU

‘How do you live?’ Australia’s rental crisis is pricing low-income workers out of a home

Virtually no part of Australia is affordable for aged care workers, early childhood educators, cleaners and nurses, Anglicare says

Chicago Sun-Times

Horoscope for Sunday, August 13, 2023

There are no restrictions to shopping or important decisions today. The Moon is in Cancer.

The Guardian - UK

Another interest rate rise? News on prices and wages may decide

The MPC will look at this week’s earnings and inflation figures, but energy volatility could also come into play

The Independent UK

Developers have Black families fighting to maintain property and history

All along the booming South Carolina coast, developers looking to profit on vacation getaways and new homes are targeting land owned by the descendants of enslaved people

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news in one place.

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Chicago Sun-Times

Horoscope for Saturday, August 12, 2023

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

Kiplinger

What Is an Earnest Money Deposit?

An earnest money deposit, paid before you close on a home, is meant to show the buyer you're serious. How much is it, and can you lose it?

The Independent UK

Alabama Senator Tommy Tuberville no longer owns property in the state he represents, report says

Property records show that the senator has owned a home in Santa Rosa Beach, Florida, for two decades

Evening Standard

OPINION - Help! I’m a Guppie: an under-40 who’s given up on buying a house

Next month, I move into my fourth flatshare in seven years. It’s not what I pictured when I imagined life at 30 (four days left of my twenties, please send reassuring tales of thriving and getting increasingly flirty), but what’s the alternative? Leave my job and friends in London just…

Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

The Week

Interest rates: more ‘trauma’ for households

“If it isn’t hurting it isn’t working.” That was the message from then-chancellor John Major in 1989 during a previous period when interest rate rises were used to tackle high inflation, said Larry Elliott in The Guardian.

The Independent UK

How can renters looking for a new home give themselves a head start right now?

As renters are being squeezed by strong competition and rising rents, Vicky Shaw finds out what they can do to help get ahead.

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