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The Latest Breaking News on Real Estate

UK mortgage holders to get 12-month grace period before repossessions after sharp rate hike – as it happened

Chancellor met with lenders to discuss what they can do to support struggling households

The Guardian - UK

Four scenarios on the table for Morisset as population tipped to boom

Four scenarios put forward to guide major growth in Morisset.

Newcastle Herald

Scots mum forced to move from 'mouldy' flat after 'mushrooms began growing on the walls'

A council officer recently came to visit to see the damp situation and agreed that work will be done upstairs to fix the source of the water.

Daily Record

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Nottinghamshire parents share financial fears as school summer holidays approach

Parents say they're having to cut back and say no to their children as the cost of living crisis continues

Nottingham Post

Legal advice backs government on early double dissolution election trigger over housing bill

Anthony Albanese reveals the solicitor general agrees Senate delays over the housing Australia future fund constitute a failure to pass the bill

The Guardian - AU

Housing bill on ice puts double dissolution in play

The Albanese government's signature housing policy has failed to pass parliament and could set the stage for an early election.

The New Daily

Licence for Holylands shelter beside learning disabilities centre opposed

Councillor says it is "shameful" that staff at Autonomie learning disability do not feel safe at work

Belfast Live

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Statewide rent control initiative may be on California ballots for the third time in four election cycles

Justice for Renters, an initiative campaign sponsored by the AIDS Healthcare Foundation (AHF), submitted signatures on June 20 to place an initiative on the Nov. 2024 ballot in California to prohibit the state from limiting local rent control measures. This would be the third rent control initiative sponsored by the…

Ballotpedia

Main suspect in Khashoggi killing reappears in public as MBS visits Paris

One of the main suspects in the 2018 assassination of journalist Jamal Khashoggi has emerged from the shadows as Saudi Crown Prince Mohammed bin Salman (MBS) visits Paris in an effort to rebrand his image in the West. Several videos circulating on social media have shown Saoud al-Qahtani, MBS's former…

France 24

'We're being forced out of our seaside town by Airbnbs and second homes'

Competition for housing is fierce in Falmouth, Cornwall - largely due to the increase in people desperate for a second home to rent out - and locals are not happy

Daily Mirror

Government 'considering' stepping in over controversial greenbelt plans

The plans are the first stage of proposals to build nearly 8,000 homes on the Wirral

Liverpool Echo

New Baltic Quarter hotel contractor reaffirms commitments to local labour

The contractors aims to use local resources and and encourages people from varied backgrounds to get involved in the work

Chronicle Live

Why Necessity-Based CRE is Poised to Outperform in Today’s Market

Q&A with Mike Hazinski, Chief Investment Officer at First National Realty Partners

Kiplinger

Labour would not back subsidising mortgage holders, Starmer says

Leader says there is no quick fix and there are problems with approach advocated by Lib Dems

The Guardian - UK

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The Independent UK

Average long-term US mortgage rate falls to 6.67%, third straight drop since climbing to 2023 high

The average long-term U.S. mortgage rate fell for the third time in as many weeks, a welcome boost for homebuyers facing a housing market that’s been held back this year by a tight inventory of homes for sale

The Week

Will interest rates come down again?

The Bank of England has increased its base interest rate from 4.5% to 5% in a bid to tame inflation. It is the 13th hike in row and the highest the rate has been for 15 years.

Manchester Evening News

What the Bank of England interest rate hike means for people looking to buy a home

Mortgage rates are at their highest in almost 15 years

The Independent UK

Home sales inch up in May amid record-low inventory and biggest annual drop in prices since 2011

Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, even as the supply of available properties sank to an all-time low

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news in one place.

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Wales Online

Council orders woman to extend 'tight fit' driveway to stop car overhanging

Michelle Watson will face enforcement action if the work is not done, even though she tried to prove her vehicle fits on the drive

The Independent UK

What does the Bank of England rate hike mean for the housing market?

The Bank has pushed the base rate up to 5%, the highest it has been in nearly 15 years.

Manchester Evening News

Mortgage expert's crucial advice on what to do if your fixed-rate deal is coming to an end

Many homeowners with mortgage deals expiring will be worrying what to do next after the Bank of England's announcement

StockNews.com

3 Real Estate Stocks to Buy in June

While the Fed’s rate hikes curbed appetite for real estate, the industry’s long-term prospects look impressive. So, investors could consider buying quality real estate stocks, Guild Holdings (GHLD), RMR Group (RMR), and AMREP (AXR). Read on.

Daily Record

Mortgage crisis set to escalate as Bank of England hikes interest rates to 5%

More than 1.4 million mortgage holders could lose at least a fifth of their disposable income in additional repayments.

The Independent UK

Therapy or paying the bills: Choices facing desperate homeowners amid mortgage time bomb

As the Bank of England raises interest rates for the 13th consecutive time, households across the UK are sitting on top of a mortgage ticking time bomb

Wales Online

Exactly what the interest rate hike means for you - and what you need to do

Some will see an immediate bill hike of almost £50, others will have to wait a while for it to take effect

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