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The Latest Breaking News from Housing Market

The housing market recession is 'over’ in the new home space, top economist Ali Wolf says, but she's hesitant on what comes next

"Home sales are rising, starts are rising, and home prices are rising again," Wolf tells Fortune. "The big question is – is that it?"

Fortune

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.

The Independent UK

Even hard hit Western housing markets are stabilizing—just look at KB Home's latest cancellation rate

KB Home CEO Jeffrey Mezger: "The improvement in demand we started to see in February was sustained throughout our second quarter"

Fortune

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read the most diverse news in one place.

Buying in London: Phil Spencer’s top tips for first-time buyers navigating the housing market now

With mortgage rates soaring and London rents at a record high, is now the right time to be entering the property market?

Evening Standard

NZ’s housing market drives inequality – why not just tax houses like any other income?

The Green Party made waves recently when it proposed to tax net wealth over NZ$2 million for individuals and $4 million for couples. As part of a broad range of actions, the policy aims to “end poverty”.

The Conversation

Looking for a housing price crash? That’s unlikely, real estate economists say

The nation‘s housing market is going through a correction, not a crash.

The Orange County Register

Bristol's mayor says city's tenants face 'Wild West' rental market

Marvin Rees believes there is a need for rent controls in the housing market

Birmingham Post

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Bristol tenants facing ‘Wild West’ rental market, says mayor

Marvin Rees said there is a need for rent controls in the housing market as private tenants face some of the highest prices outside London.

The Independent UK

Average two-year fixed rate mortgage deal hits 6% for first time this year, as Sunak rules out extra help – business live

Average mortgage rates hit highest level since December, as asking prices for British homes fall in June for the first time in six years

The Guardian - UK

Bankrate: What the Fed’s June rate pause means for homebuyers and sellers

The Federal Reserve is taking a break from its war on inflation. After raising rates 10 times in 10 meetings in 2022 and 2023, the central bank made no change during its latest meeting. Fed Chairman Jerome Powell announced no further increase in the federal funds rate on June 14…

Tribune News Service

Fed Chair Powell: The U.S. housing market is 'putting in a bottom'

"We now see housing putting in a bottom, and maybe moving up a bit. We're watching that situation carefully," Powell said on Wednesday.

Fortune

City Council Indictment Shows How L.A.'s Overregulated Housing Market Breeds Corruption

City Councilmember Curren Price is indicted for steering favors to affordable housing developers who were bribing his wife.

Reason

Wealth rises with $140 billion property price surge in early 2023

Australia’s housing market has surged by $140 billion in early-2023 amid an extraordinary rebound in property prices.

The New Daily

Top real estate CEO––’A.I. Landlord’––shares data showing America’s housing market is significantly overvalued. The headline number may shock you.

Sean Dobson, founder and CEO of property powerhouse Amherst, has access to unique data as one of the largest owners of single-family homes in the U.S.

Fortune

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Wales Online

Second home owners may need planning permission with rule change proposed in one part of Wales

Recent research has shown that on average 65.5% of Gwynedd's population is priced out of the housing market

Fortune

Boomers are pushing millennials out of the housing market for 3 main reasons

BofA: "In the current environment...baby boomers are better equipped financially for home purchasing."

Fortune

Wall Street eyes homebuilder stocks as investors prepare for the housing market's next move

Deutsche Bank says they've gone from "cautiously optimistic to decisively bullish on new residential construction"

The Guardian - AU

Home affairs asked Labor to extend support for asylum seekers as housing market worsens

Exclusive: Refugee advocates say nothing yet done to improve supports and they fear for people who end up with none

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news in one place.

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Pedestrian.tv

An Overgrown, Mould-Covered Piece Of Shit Has Just Hit The Sydney Housing Market For $2.5 Mil

An "abandoned" and "unliveable" house in Sydney's inner suburbs has just hit the property market with a buyers guide price of $2.5 million.

StockNews.com

2 Homebuilder Stocks to Buy Today, 1 to Sell

Despite interest rate increases and prevailing market uncertainties, the housing market's long-term prospects remain positive. Thus, it could be wise to consider buying fundamentally sound homebuilder stocks Lennar Corp. (LEN) and Tri Pointe Homes (TPH). However, one could avoid Cyrela Brazil Realty S.A. (CYRBY) due to its weak fundamentals. Continue…

The Guardian - UK

More interest hikes will further weaken housing market, says FTSE 250 builder

FTSE 250 housebuilder reports drop in sales as it urges government to provide support for first-time buyers

The Guardian - UK

Eurozone falls into recession; US jobless claims jump; storm clouds over UK housing – business live

Eurozone economy shrank by 0.1% in the final quarter of last year, and the first three months of 2023, putting it into technical recession

Birmingham Post

Property experts remain optimistic despite challenging housing market in Wales

Surveyors said the downturn in house sales could be bottoming out

The Independent UK

Annual house prices fall for first time in a decade

House prices fell by 1.0% on average across the UK in May

The Guardian - UK

Heathrow security guards to strike from 24 June, says Unite; UK house prices ‘in first annual fall since 2012’ – as it happened

Heathrow security guards announce strikes over summer, UK house prices record their first annual fall in over a decade

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