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The Latest Breaking News from Housing Market

Texas’ housing market shows signs of cooling down after the pandemic drove it to new heights

Texas had more houses on the market in July than any time since late 2020 as home sales declined in the state’s major metros. Sellers have had to cut prices to entice buyers.

The Texas Tribune

House price plunge spreads with biggest monthly decline in 39 years

Australia's housing market decline spreads across all capital cities and most regional areas, with national prices falling by the most in any month since 1983.

ABC News

Edinburgh student forced to find new home after rent skyrockets by over a third

While juggling their study commitments, the four flatmates were forced to start looking for somewhere else to live in the extortionate Edinburgh housing market.

Edinburgh Live

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Small businesses feel the pinch from slowing housing market

The chill in the housing market is rippling out to the carpenters, landscapers and other small businesses that lose out when fewer homeowners renovate their properties

The Independent UK

Auckland house prices down 15 per cent with the Reserve Bank of NZ now tipping prices across the country to follow

Auckland's real estate market sets the pace for the rest of New Zealand — right now, house prices are down 15 per cent from their 2021 peak and forecast to fall further. So what does that mean for families who just bought in?

ABC News

Ways to Save Money and Build Wealth Heading Into 2023

By Chalmers Brown, CTO of Due From a bonkers housing market to COVID shutdowns to a possible recession, it seems like getting ahead financially is more challenging than ever.

Benzinga

Blackstone single-family landlord to halt home purchases in 38 cities

Home Partners of America, the single-family landlord owned by Blackstone Inc., will stop buying homes in 38 US cities, becoming the latest institutional investor to back away from an overheated housing market.

Tribune News Service

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Dublin Homes: 7 'virtual viewings' on the current housing market

The best houses and apartments to check out online

Dublin Live

What is gazundering? House buyers reducing offers before exchanging contracts

The housing market is cooling off and some buyers are taking advantage

Evening Standard

Elon Musk's New Home Is In The 7th Priciest Housing Market In The Country

This article was originally published on Aug. 23, 2022.

Benzinga

China property crisis: why the housing market is collapsing – and the risks to the wider economy

China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-COVID policy and address a growing property crisis. The country’s traditionally strong housing market has been affected by a funding crisis that has seen development…

The Conversation

Dublin Homes: 5 of the best 'fixer-upper' projects on the housing market

Imagine what you could do with these places...

Dublin Live

Housing downturn endures, outlook unclear

The housing market is cooling off across many capital cities, but it's unclear how far and fast prices will drop.

AAP

All Scottish children deserve decent start in life in a home they feel secure in

Record View says the sheer number of people forced to settle for a short-term fix proves how broken the housing market has become.

Daily Record

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Tribune News Service

Bay Area sees nation’s largest monthly drop in home values

As rising mortgage rates continue to cool the housing market across the U.S., the Bay Area in July saw the largest monthly drop in home values of anywhere in the country, according to a new report from home listing site Zillow.

Tribune News Service

Is the housing market about to crash? Here’s what experts are saying

The U.S. housing market may be starting to slow down, but it is still hot. Double-digit appreciation is commonplace. Many sellers are still giddily sifting through multiple offers, and frantic buyers continue to pay more than asking prices — sometimes by $100,000 or more.

Newsroom.co.nz

Land supply, interest rates 'key driver' of overheated housing market

A new report from officials provides further evidence a lack of land, rather than building issues, has driven our house prices up most steeply.

The Canberra Times

Economists say these ACT measures are making housing affordability worse

The analysis said the land tax regime had increased the price of rental properties.

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Benzinga

Housing Starts Plunged, But Home Depot Turned In A Record Quarter: How The Home Improvement Retailer Is Defying Housing Market Trends

New home construction in the U.S. fell last month to the lowest levels not seen since the beginning of 2021, but Home Depot Inc (NYSE: HD) shares are surging Tuesday on the back of record numbers.

ABC News

Premium real estate leads regional house price fall as ANZ tips 18 per cent nationwide property slump

Australia's housing market is set to drop 18 per cent, according to one major bank, and new data shows regional areas are joining Sydney and Melbourne in the slide.

Tribune News Service

Home Depot defies US housing slowdown with results that beat estimates

Home Depot Inc.’s second-quarter results beat Wall Street estimates even as the U.S. housing market shows signs of cooling off.

Tribune News Service

‘Unmortgaged millennials’: What a new study reveals about millennial homebuyers

Millennials — those between ages 26 and 41, also sometimes called Generation Y — now represent the biggest population cohort in America. And while lots of them dream of homeownership, many find themselves priced out of the housing market. In fact, nearly half of millennials who do not yet own…

Birmingham Post

House sales in Wales fall but shortage of stock drives prices up

Higher interest rates and the cost of living crisis were cited for the drop in market activity

Evening Standard

Mortgages for first-time buyers: a guide to buying property amid rising interest rates

Soaring costs and rising interest rates may give would-be homebuyers pause for thought, but industry experts say the key is not to panic.

Benzinga

"Historically, housing has led us into every recession since WWII" — National Association of Home Builders CEO Jerry Howard, Echos Elon Musk, Shares Grim Outlook

Jerry Howard, National Association of Home Builders (NAHB) CEO, has plenty of experience in the housing industry. Prior to joining NAHB, Jerry served as the Chief Lobbyist for the National Council of State Housing Agencies. For over a quarter of a century, Jerry has been analyzing the housing market.

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