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The Latest Breaking News from Housing Market

UK house price slowdown ‘on way’; factory growth hits 16-month low – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Housing market set to slow as the year progresses, says Nationwide

Prices also increased by 0.9% month on month in May, taking the average house price to £269,914, Nationwide Building Society said.

The Independent UK

‘Two-speed market’: Property prices are falling as rates rise, but not everywhere

Australia’s housing market has started falling from its pandemic highs, with property prices down 0.11 per cent in May amid rising interest rates.

The New Daily

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Buying amid affordability squeeze? Here’s how homebuyers can cope

The housing market caught fire in 2020 as Americans decided en masse that they wanted homes and were willing to pay for them.

Tribune News Service

Housing supply squeeze finally begins to ease

During the record-breaking housing boom of the past two years, a drastic under-supply of homes for sale has bedeviled buyers and delighted sellers. Now, the squeeze is slowly easing — a shift that could mark the start of a much-anticipated cooling of the white-hot housing market.

Tribune News Service

Housing Beat: Home Sales Drop, Homeowners Insurance Spikes, Builder Confidence Tanks

The U.S. housing market showed unmistakable signs of stalling this week. Despite a decline in mortgage rates, mortgage applications and home sales were down while the cost of homeowners insurance was rising across most of the nation.

Benzinga

‘We’ve been inundated’: UK housing market frenzy shows no signs of slowing

Buyers face bidding wars to snare homes despite soaring inflation, cost of living crisis and fears of property crash

The Guardian - UK

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Real estate agents reinvent ‘love letters’ as competition heats up

In today’s red-hot housing market, buyers are doing everything they can to compete. Waiving contingencies, bidding well over asking and in some cases even making an offer on a property sight unseen are all becoming de rigueur.

Tribune News Service

Airbnbs outnumber New York City apartments in hot market

The number of short-term rentals in New York City is outpacing the number of available apartments, putting a pinch on renters who are looking for space in a hot housing market.

Tribune News Service

Australia's economy holds plenty of pitfalls for election winner

Whichever party takes the reins of power at Australia's election on Saturday faces an economic road pitted with pot holes, from runaway inflation to rising interest rates, ballooning debt and an over-heated housing market.

Reuters

Jeff Bezos Increases His Bet On The Single-Family Housing Market

The billionaire founder of Amazon.com, Inc. (NASDAQ: AMZN) Jeff Bezos just made his second investment in the real estate investment platform Arrived Homes during the company's $25 million Series A round.

Benzinga

The crazy housing market is finally slowing

But rising mortgage rates will continue to put the squeeze on buyers.

Axios

Eye-watering house prices see first-time buyers priced out of housing market

IN the 1970s the average Scottish house price was just £3617. In the 1980s it was more than £15,000, by the 1990s it was around £35,000 and come…

The National (Scotland)

Missed mark on land release adds pressure to ACT housing market

Growth of Canberra's north under threat after court rules in neighbour's favour.

The Canberra Times

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Benzinga

Musk On Housing Bubble Burst: 'They Dug Their Own Graves – A Lesson We Should All Take To Heart'

Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk's eclectic thoughts and views are usually on full display in his tweets. This time around, he shared his views on the housing market collapse.

Birmingham Post

Northern Ireland housing market jumps again despite cost of living crisis

Agents expect prices to continue higher in the coming three months

Benzinga

Housing Beat: Mortgage Rates Keep Climbing As Inventory Levels Slowly Expand

More homebuyers were taking out mortgages despite climbing rates while the tight housing inventory is showing signs of improving. Nonetheless, many homebuyers are not optimistic about the housing market’s near future.

The National (Scotland)

Gradual decline in house prices predicted amid cost of living crisis

A GRADUAL slowdown in the housing market in Scotland is likely as the cost-of-living crisis bites, a report has warned.

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Edinburgh Live

Edinburgh and London's cheapest one-bed flats compared - price, size and condition

To investigate how the housing markets in the Scottish and UK capital compared, we took a look inside the cheapest one-bedroom flats that have gone up over the past week

ABC News

Tasmania's housing market frenzy may be over, but prices still at an all-time high

There are signs Tasmania's real estate market has started to soften, with the Real Estate Institute of Tasmania's March quarterly report indicating the number of property sales has dropped — but prices are still running hot.

The Guardian - AU

Has the interest rate rise broken Australia’s housing market fever?

Prices remain high, but the days of frenzied auction bidding may be numbered with the recent interest rate hike and a slowing market

Daily Mirror

Rising interest rates could slam the breaks on the pandemic property boom

The Bank of England recently announced a lift in the borrowing rate from 0.75% to 1% - the highest level in 13 years, with a chilling warning that the UK economy is set to go into reverse

ABC News

Higher interest rates and mortgage repayments will be 'the new normal' for home owners in 2022, analyst says

The Reserve Bank's 25-basis point increase is just the first of many on the horizon, and Queensland homeowners need to brace for higher home loan repayments over the next 18 months, a leading property analyst says.

Birmingham Post

Buoyant economy and housing market boost Danske Bank's Northern Ireland profits

The bank made £16.7M in the first quarter, up from £15.8M in the same period in 2021

Tribune News Service

Fears of housing bubble mount, but any correction won’t be like the last

In the first year of the pandemic, home values defied expectations by skyrocketing. During the second year of life with COVID, property prices soared even more.

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