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The Latest Breaking News on Real Estate

Afternoon Update: Inflation may have peaked at 7.8%; new PM in NZ; and South Australians eating endangered flake

Economists say the RBA will likely continue to hike rates in the short term despite inflation reaching peak

The Guardian - AU

Leeds man left ‘unable to cook’ for months due to 'bitter stench' of kitchen mould given compensation by council

The Leeds man was unable to cook due to waiting for months for the city council to make repairs to his flat

Leeds Live

Call for urgent action over Nottinghamshire pavements described as 'worst for miles around'

More than 100 residents have signed a petition

Nottingham Post

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Trump walks away from another lawsuit challenging NY fraud case

Former President Donald Trump abandoned his effort to revive a federal lawsuit in New York challenging the state’s fraud probe into his real estate company, just days after dropping a related complaint in Florida.

Tribune News Service

Standover tactics before $5m Vic fire

A Melbourne man used standover tactics to threaten his former landlord before setting fire to a warehouse in a $5 million fire, a court has heard.

AAP

Teen charged over Thornton break-in and driveway joyride

POLICE have charged a teenage boy over an alleged break-in at a home in Thornton overnight, where a car was taken and driven a short distance down the driveway before being ditched in a hedge.

Newcastle Herald

Australia’s annual inflation hits 7.8% driven partly by surging electricity prices

CPI rose by 1.9% in the December quarter driven by surging electricity prices and the cost of holiday travel and accommodation

The Guardian - AU

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City ‘social bond’ issue deemed a success with big and small investors

The $160 million offering will fund neighborhood projects that include vacant-lot cleanups, affordable housing expansion and tree planting.

Chicago Sun-Times

Housing Department outlines goals for affordable housing proposals

Speaking to a crowd Tuesday at the City Club of Chicago, Department of Housing Commissioner Marisa Novara said they are pushing for the creation of affordable housing to serve those on the brink of homelessness.

Chicago Sun-Times

CHA boss gets earful from City Council members

Ald. Jeanette Taylor complained about CHA property managers. “You all need to be looking at these landlords. They love taking vouchers. But they don’t do any upkeep to the building.”

Chicago Sun-Times

Qld bottom of per-capita housing spend

The Queensland government has been accused of failing to plan for a growing population as its social housing spend per person is the lowest in the country.

AAP

NZ inflation stays red-hot 7.2 per cent

NZ Finance Minister Grant Robertson says 1.4 per cent CPI rise in the December quarter, down from 2.2 per cent in September, suggests inflation has peaked.

AAP

Extra police deployed to tackle Mount Isa youth crime as 30 cars are stolen in one month

Nearly 30 cars are stolen over 30 days in the outback city of Mount Isa as reinforcements are brought in from Townsville to help local police with rising youth crime, and long-time residents are considering moving elsewhere.

ABC News

NI Secretary meets with US special envoy Joe Kennedy III

Chris Heaton-Harris is currently on a five-day trip to Washington, Boston and New York during which he will attempt to drum investment opportunities.

The Independent UK

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Ballotpedia

Montana governor announces ban on ESG considerations in state investments

The office of Montana Gov. Greg Gianforte (R) released the following statement on January 18 announcing that Montana has joined several other states in prohibiting non-financial considerations, including considerations related to ESG, in the state’s investments:

Edinburgh Live

Plans for massive eco Edinburgh student village with shared garden and 'no cars'

The plans would see 112 student residencies erected on the former site of a workshop and yard. The developers hope the transform the area in an eco-friendly space without cars.

Tribune News Service

DR Horton saw home sales plunge in the winter but expects solid spring selling season

D.R. Horton, the largest homebuilder by volume in the U.S., saw sales orders plunge in the last three months of 2022 because higher interest rates and inflation continued to create affordability challenges for potential buyers.

Liverpool Echo

Changes to Sefton HMO rules planned to combat antisocial behaviour

Landlords will have to tell the council how they will manage "nuisance and annoyance"

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news in one place.

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Tribune News Service

While people can’t afford to buy, builder constructs thousands of rentals for investors

As potential homebuyers wait for prices and mortgage rates to recede, an Arizona company is moving in to fill the void by buying and renovating rental homes that offer an experience similar to a traditional for-sale subdivision.

Ballotpedia

Seattle to decide on Social Housing Developer initiative on Feb. 14

On Feb. 14, Seattle voters will decide on Initiative 135, an initiative to create the Seattle Social Housing Developer, a public development authority to own, develop, and maintain what the initiative describes as social housing. According to Initiative 135, this housing would provide publicly financed apartments that are “removed from…

Nottingham Post

8 crime-ridden Nottinghamshire alleyways to close after becoming anti-social behaviour hotspots

Any person found entering the alleyways faces a £100 fine

Edinburgh Live

Waterfront Midlothian houses rejected over emergency access concerns

The split level houses would have one storey at street level and two more built below on land stretching down to a mill lade

ABC News

Adelaide real estate prices continue to increase, defying national downward trend

New data shows Adelaide has become the only Australian capital city where real estate prices continue to rise, attracting the eyes of investors.

Evening Standard

House sales drop three per cent in a month as rising mortgage rates impact transactions

The impact of recent increases in mortgage rates may now be being seen in the number of property sales

Manchester Evening News

Tenants could be owed thousands back in rent if landlords break one key rule

Renters may be eligible for a refund of up to 12 months' rent according to UK housing law

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