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The Latest Breaking News from Housing Market

Most secondary schools do not prioritise poorer pupils for admission – study

Affluent parents have the resources to ‘buy admission to popular schools’ through the housing market, a report has suggested.

The Independent UK

Michael Pascoe: Why governments must meaningfully re-enter the housing market

Neither federal Labor nor the Coalition has any interest in dealing with the fundamentals underlying the housing crisis.

The New Daily

The Pandemic Housing Correction is both mild and the second biggest home price pullback of the post-WWII era

U.S. home prices as measured by the seasonally adjusted Case-Shiller National Home Price Index fell for the sixth straight month in December.

Fortune

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read the most diverse news in one place.

These 124 housing markets are weathering the home price correction (so far) in 1981 fashion

Among the nation's 400 largest housing markets tracked by Zillow, 124 markets remain at their peak.

Fortune

Fannie Mae: The housing market just pulled a head fake

The housing market’s “relative high note” in January and February is likely to “prove temporary,” say Fannie Mae economists.

Fortune

Average long-term US mortgage rate jumps to 6.5% this week

The average long-term U.S. mortgage rate jumped this week to its highest level since November, more bad news for a housing market that’s been in decline for a year

The Independent UK

The American climate migration has already begun

Millions of Americans will be displaced – and neither they, the government or the housing market are ready

The Guardian - US

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Restrict home purchases in certain areas and reform property taxes to tackle unfair housing system, says charity

Those who are currently locked out of or struggling to cope in the housing market may become even worse off, the Joseph Rowntree Foundation said.

Evening Standard

Housing market starts year on slow note in Las Vegas, US

Las Vegas’ housing market started the year on a slow note — and, a new report shows, so did the country overall.

Tribune News Service

The housing market correction has already caused homeowners to lose $2.3 trillion

A correction in home prices has erased $2.3 trillion in nationwide home values, but homeowners are still up roughly $13 trillion since February 2020.

Fortune

Changes needed to make housing system fairer in longer term, charity says

Those who are currently locked out of or struggling to cope in the housing market may become even worse off, the Joseph Rowntree Foundation said.

The Independent UK

The housing market correction just took a new turn

"Builders have taken their medicine for the most part right now on pricing," says Rick Palacios Jr., head of research at John Burns Real Estate Consulting.

Fortune

Tesco store workers get 7% pay increase; UK property asking prices stagnating – as it happened

Supermarket chain lifts hourly pay rates again, while UK property asking prices rose by £14 in February

The Guardian - UK

Housing market once again braces for higher mortgage rates—where 8 experts see rates going this year

The average 30-year fixed mortgage rate just shot back up to 6.8%.

Fortune

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Newsroom.co.nz

Shock and Orr: Rate hikes kill off housing affordability and development

With the cost-of-living and housing crises, the need for Government intervention in the housing market is becoming more urgent. What that intervention will be may determine the colour of our next Government, argues Edward Miller

The Guardian - UK

UK mortgage deals: how to navigate the rollercoaster rates ride

Amid a debate about what is happening to the housing market, what are your options?

Fortune

The housing market downturn isn’t over

Just as the U.S. housing market started to show some signs of life, mortgage rates began rising once again.

The Guardian - AU

Dozens re-detained after visa cancellation bill passes – as it happened

This blog is now closed

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Tribune News Service

US housing market is overvalued by billions due to ignored flood risk

U.S. homes in areas prone to floods may be currently overvalued in the range of $121 billion to $237 billion, according to a report published Thursday in the journal Nature Climate Change.

Tribune News Service

Lower interest rates, prices bring buyers back to the housing market

As mortgage rates rose at a brisk pace last year while prices in North Texas were still at record highs, Harshal Bauskar’s family had to put a pause on their home search last summer.

Fortune

These 2 maps show the inventory situation in America's 400 largest housing markets

Do home buyers or sellers have the upper hand? Let's take a look.

Evening Standard

Is it only the inheritocracy who can afford to live in London now?

With the average deposit amount reaching almost £150,000, it’s beginning to feel like only the wealthy can afford to buy in London — and it’s creating a brain drain as more talented people are forced out of the capital, says Alexandra Jones

The Guardian - UK

Deliveroo cutting 9% of staff; Bank of England governor pledges to get inflation down – as it happened

BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflation

Insider UK

Demand and supply continue to soften in Scottish housing market

Latest surveyor survey show that new buyer demand fell through January

Fortune

Signs of life in the housing market could spell trouble

"All things being equal, that means we'd have to do more with our other tools," Minneapolis Fed President Neel Kashkari says.

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