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The Latest Breaking News from Housing Market

New home sales surged in May

Another sign the housing market is bouncing back

Axios

Jerome Powell promised a housing market 'reset'. Is it actually happening?

On Tuesday, U.S. house prices as tracked by Case-Shiller went negative on a year-over-year basis for the first time since 2012. However, it comes as month-over-month prices are rising again.

Fortune

No bed or bath: New Zealand boat shed sells for record $2m despite housing market crash

Record sale of property that by law cannot be slept in overnight comes amid wider property market slide

The Guardian - AU

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Real estate agents are feeling the pain: Housing market golden handcuffs are very real

All those 2% and 3% mortgage rates—a policy outcome of the COVID-19 recession—are now acting as golden handcuffs.

Fortune

Buying a home in the US is expensive – and that isn’t changing anytime soon

Even if there are fewer home buyers and prices have been falling slightly, they’re still much higher than pre-pandemic and for many, more unaffordable than ever

The Guardian - US

Average long-term US mortgage rate falls to 6.67%, third straight drop since climbing to 2023 high

The average long-term U.S. mortgage rate fell for the third time in as many weeks, a welcome boost for homebuyers facing a housing market that’s been held back this year by a tight inventory of homes for sale

The Independent UK

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

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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

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

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

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The Guardian - 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

Tribune News Service

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…

Fortune

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.

Reason

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.

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news in one place.

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The New Daily

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.

Fortune

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.

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

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.

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