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The Latest Breaking News on Real Estate

Housing market predictions: the forecast for the next 5 years

It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both buying activity and purchase prices. Yet, with inventory…

Tribune News Service

Sacramento is No. 1 for homebuyers looking to leave bigger cities, analysis finds

SACRAMENTO, Calif. — Sacramento is the top destination for people looking to move out of larger cities, according to a new Redfin analysis.

Tribune News Service

Stamp duty legislation passes NSW parliament despite opposition from Labor and Greens

From Saturday, first home buyers in NSW will have the option to choose between paying stamp duty or a land tax after the Premier's signature property reform passes parliament.

ABC News

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Property professionals less positive about house prices in Wales survey shows

While prices have been propped up by a lack of housing stock, house price growth continues to slow

Birmingham Post

UK house prices stall as mortgage rate rise fuels caution

The drop follows two years of growth, although property professionals recorded some regional variation

The Guardian - UK

House price growth ground to a halt in October, say surveyors

New buyer inquiries fell for the sixth month in a row in October, the Royal Institution of Chartered Surveyors said.

The Independent UK

Housing demand falls, while prices continue to rise

The October surveyor survey shows Scottish agreed sales falling for the six consecutive month

Insider UK

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Mega mansion at Speers Point hits the market with record-breaking price guide

The property boasts a wide frontage and lake views as well as an internal pool with a spa and slide set behind two curved polished concrete staircases.

Newcastle Herald

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

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

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ABC News

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.

The Conversation

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.

Tribune News Service

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.

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Irish Mirror

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.

The Guardian - UK

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

Manchester Evening News

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

Evening Standard

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?

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.

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