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The Latest Breaking News on Real Estate

Redfin Lays Off 13% Of Staff, Suggesting The Housing Market Will Get Worse Into 2023

With rising interest rates, there are growing concerns that the current housing market downturn may last through 2023, and a residential real estate brokerage is getting ahead of the curve by laying off 13% of its staff.

Benzinga

Christmas spells 'record' rental squeeze for Gold Coast with fewer options than ever

Joel and Ash have been looking for a place to rent since May. They fear they'll have to spend Christmas living out of boxes from a friend's house as landlords pull houses from the long-term rental pool to turn into holiday homes.

ABC News

Heated shouting match erupts in Dail over housing crisis

Housing Minister Darragh O’Brien was accused of denying there was a 'housing emergency' in Ireland

Irish Mirror

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Edinburgh's cheapest flat with stunning Arthur's Seat view hits auction at £50k

The two-bedroom flat in Restalrig is going up for sale by auction at a guide price of £50,000, making it the most affordable property in the entire city according to Rightmove.

Edinburgh Live

'I went from mowing lawns to becoming a millionaire in 16 months - all thanks to YouTube'

Reno Davis has become a self-made millionaire at the age of 22 thanks to YouTube tutorials that taught him a new trade - he watched them all day and night for weeks

Daily Mirror

Flat opposite Harrods smaller than a parking space for rent at £1,300 a month

The eight square metre room opposite Harrods in Knightsbridge, Kensington, appears to have a filthy mattress and a small tap hidden at the foot of the bed

Daily Mirror

Canberra landlords will soon have to make their properties more liveable for tenants through better insulation

Canberra's hot summers and icy winters will become more comfortable for some renters as landlords are made to upgrade insulation in their properties.

ABC News

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Negative equity is looming for some home owners – but you only need to worry if you need to sell

It feels like a perfect storm is building. The rising cost of living and higher interest rates are putting household budgets under stress, and falling house prices could push some home owners into negative equity.

The Conversation

Southern Nevada home prices fall again, signals cooling market

LAS VEGAS — Southern Nevada house prices resumed their downward slide last month, as buyers locally and nationally pull back amid higher borrowing costs.

Tribune News Service

Homeowners are still getting ‘equity rich’ despite the slowing market

FORT LAUDERDALE, Fla. — Homeowners in South Florida are still seeing a return on their property, even as the housing market continues to cool down.

Tribune News Service

Cost of living protests to take place all over Ireland this weekend

There will be 20 protest sites nationwide, including 10 demonstrations in Dublin and gatherings in Carlow, Cork, Galway, Kilkenny, Limerick, Monaghan, Sligo, Tipperary, Waterford, Wexford and Wicklow.

Irish Mirror

Persimmon reports sales and price fall as UK property market dips

Housebuilder says cancellation rate has risen sharply because of interest rates and economic uncertainty

The Guardian - UK

Outside of London, the price of a Manchester city centre flat is rising the fastest

Activity has been 'spurred on' by the Government's Help to Buy scheme

Manchester Evening News

Cost of living: what can London renters do to improve the energy efficiency of their homes this winter?

What are your rights as a tenant looking to keep gas and electricity bills down?

Evening Standard

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Fortune

The U.S. housing market to see second biggest correction of the post-WWII era—when to expect the home price bottom

In the third quarter of 2022, falling home prices erased a record $1.3 trillion in home equity. It isn't over yet.

Tribune News Service

Trump will appeal judge’s order to appoint monitor to oversee his family real estate business

NEW YORK — Former President Donald Trump and his adult children on Monday indicated they will appeal a judge’s decision to appoint a monitor to watch over their family real estate business.

Evening Standard

Commuter homes less than 60 minutes from London — with prices of up to £550,000

Here’s how far the average cost of a London flat stretches in the commuter belt.

Manchester Evening News

Areas of Greater Manchester where house prices are dropping drastically

The average cost of a home is becoming more affordable in certain parts of the region

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Insider UK

Average UK house price falls by 0.4% in October

In Scotland the average house price stood at £203,820 - up by 7.5% last month

Evening Standard

Average UK house price sees sharpest monthly fall since February last year

The average cost of a home in the UK dropped 0.4 per cent to £292,598 in October.

Bristol Post

Halifax records house price fall as Bristol agents predict 'sharp' downturn

One agent said he expects prices to fall by 20 per cent by March

The Guardian - UK

UK house prices fall after ‘significant shock’ of mini-budget

Halifax reports steepest monthly drop since February 2021 amid interest rate rises

Wales Online

House prices fall as average UK home now costs £292,598

Mortgage lender Halifax says the annual rate of house price growth slowed to 8.3%, from 9.8% in September

The Independent UK

UK house prices fall at sharpest pace in almost two years

The drop is the sharpest Halifax has seen since February 2021

The Guardian - UK

UK house prices in steepest fall since February 2021; global inflation ‘may be nearing peak’ – as it happened

House prices dropped at fastest monthly rate since February 2021, as newer buyers risk falling into negative equity

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