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The Latest Breaking News from Housing Market

The housing market is something that concerns us all, whether we are homeowners or aspiring buyers. In recent months, there has been a lot of speculation about whether the housing market will crash, and what this would mean for our economy. While no one can predict the future with certainty,…

inkl

Housing market stares down 2 shifts in the wake of SVB's collapse, says Zillow

Zillow chief economist gives two predictions for how the shutdown of Silicon Valley Bank could impact the housing market in 2023.

Fortune

Budget 2023: How to fix London’s ‘toxic’ housing market — the changes Jeremy Hunt should have made

The capital is unaffordable, precarious and joyless for too many people, mostly thanks to our dysfunctional housing provision. London’s eminent property experts tell us how to fix the market

Evening Standard

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The home price correction's latest shift, as told by 6 housing market charts

Here's data for the nation's 400 largest housing markets.

Fortune

Developers focus on more US rate hikes

Developers are more worried about the impact on the housing market of future interest rate hikes by the US Federal Reserve than they are about the sudden collapse of Silicon Valley Bank (SVB).

Bangkok Post

Mortgage rates keep climbing as economy grows. What home buyers and sellers should know

The housing market is on the fritz – again.

Tribune News Service

Western housing markets—the epicenter of the home price correction—brace for another hit as Silicon Valley Bank’s collapse signals more tech pain

If tech layoffs continue to mount, it could keep housing markets out West in correction-mode.

Fortune

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Toowoomba housing market remains strong as rising interest rates fail to deter buyers

A tenth consecutive rate rise has done little to deter couples like Anisia and Nathan from owning their own home in Toowoomba, where prices remain 30.4 per cent higher than at the onset of COVID-19.

ABC News

Dark clouds over construction sector despite GDP growth, as building work slips to 11-month low

The UK building sector had its worst month in almost a year, but there may be signs of greater resilience in the London housing market

Evening Standard

CoreLogic and KPMG make bold housing market calls

CoreLogic thinks U.S. home prices have bottomed, while KMPG expects a 2008-style decline in 2023.

Fortune

Northern Ireland housing market continues higher despite inflationary pressures

Lack of new supply underpins

Birmingham Post

House buyer demand falls in Welsh housing market

But property professionals in Wales are less pessimistic about activity on a 12-month horizon

Birmingham Post

Housing market slump brings back 2-1 mortgage rate buydowns

Homebuyers are looking for relief, and lenders are getting creative.

Fortune

Demand from house hunters fell for tenth month in a row in February – surveyors

The majority of the feedback points to house sales being agreed within 5% of asking prices, the Royal Institution of Chartered Surveyors said.

The Independent UK

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Fortune

Zillow picks 238 housing market winners that will see home prices tick up and 156 losers facing a price cut

Zillow economists think the national housing market correction could be nearing its bottom. But not everywhere.

Fortune

The U.S. housing market just took another hit

This week's seasonally adjusted Mortgage Purchase Application Index came in at the lowest level since 1995.

Tribune News Service

Real estate Q&A: What’s going on with the housing market?

Q: We have to move for family reasons and put our house up for sale. It has been several months, and we are not getting much interest. Our real estate agent keeps telling us to lower the price, but I know what our home is worth. Just a year or…

The Guardian - UK

Taylor Wimpey plans job cuts amid downturn in UK housing market

Building company aims to save £20m, but declines to say how many of its 5,000 workforce will be affected

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Birmingham Post

Yorkshire Building Society profits top £500m amid continued high mortgage lending

The society said it was unsure how inflation's impact on the housing market would play out

The Guardian - UK

UK economy slightly stronger than expected, says BoE’s Pill; WH Smith hit by cyber attack – as it happened

Books-to-stationery retailer says a cyber security incident has resulted in illegal access to current and former employee data, though website and customer accounts are unaffected

ABC News

Brisbane City Council to allow CBD height apartment buildings in South Brisbane increasing to 270m

The change to apartment height limits comes as part of the council's Brisbane Sustainable Growth Strategy, adding a supposed 10,000 dwellings to the housing market.

The Guardian - AU

Chinese banks try to revive housing market with mortgages for 95-year-olds

‘Relay loans’ that can pass on to children follow other moves to make borrowing more flexible

The Guardian - UK

How rising interest rates sent the UK housing market into reverse

An end to ultra-low rates mean borrowers can only afford smaller mortgages

Evening Standard

Persimmon warns on profits after economic turmoil hit the housing market

Housebuilding giant Persimmon’s boss cautioned that sales rates seen over the last five months mean completions will be down markedly this year

The Guardian - UK

Bank of England chief signals interest rates may have peaked; mortgage approvals and house prices fall – as it happened

UK house prices fall year-on-year for first time since June 2020; consumer credit doubles as people borrow more on credit cards amid cost of living crisis

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