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The Latest Breaking News on Real Estate

Homeowners told not to expect interest rate cut until 2025 as mortgage squeeze goes on

Leading economists at the OECD also stressed the UK would have the second slowest GDP growth of the G7 group of wealthy nations

Evening Standard

Despite strong economy, Texas cities grapple with excess office space

As remote and hybrid working become the new normal, major Texas cities are facing a decline in office tenants. It’s too soon to tell what that means for the vitality of downtowns.

The Texas Tribune

UK mortgage approvals increase after interest rates held at 5.25%

Bank of England figures showed that 47,400 mortgages were approved for house purchases in October.

The Independent UK

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The world economy will slow next year because of inflation, high rates and war, OECD says

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates

The Independent UK

Government reveals plan for 350 new rough sleeper homes in London

The announcement comes amid a record-high number of people recorded sleeping on the capital's streets

Evening Standard

Croudace Bay sale tops suburb record

The previous record sale for a house in Croudace Bay was $1.525m.

Newcastle Herald

'Deplorable' scammer duped prospective renters

Police are appealing for help to find a man they allege falsely advertised short-stay accommodation for lease before taking money from prospective renters.

AAP

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Australia’s inflation rate eased to 4.9% in October, reducing likelihood of another rate rise

Consumer price index rose last month at an annual rate of 4.9%, which is lower than economists had forecast

The Guardian - AU

What are young Australians most worried about? Finding affordable housing, they told us

Many of us were anxious and fearful during the COVID pandemic, but we’ve probably started to feel a lot better since lockdowns have stopped and life looks more like it did previously.

The Conversation

'Lazy': jury's out on new state rules for council housing density caps

NSW Liberals called the new rules 'lazy' and 'ill-thought-through'.

Newcastle Herald

Chicago wrongly limited affordable housing with aldermanic prerogative, HUD says

Mayor Brandon Johnson’s administration is being asked to enter talks for an “informal resolution” of an almost five-year civil rights investigation by the U.S. Department of Housing and Urban Development

Chicago Sun-Times

Where are home prices rising and falling in the US?

Camden, New Jersey, saw a 10.6% increase in home prices this past year, the biggest nationwide increase. El Paso, Texas (10.3%), and Syracuse, New York (9.6%), followed.

USAFacts

Donald Trump will take the stand again at fraud trial

The former president is expected to return to the stand as the closing witness for the defence

The Independent UK

Judge cites handwritten will and awards real estate to Aretha Franklin's sons

A judge overseeing the estate of Aretha Franklin has assigned real estate to the late star’s sons

The Independent UK

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AAP

Easing inflation takes heat off interest rate rises

Cooling inflation figures have improved the chances of the Reserve Bank keeping interest rates on hold.

Chicago Sun-Times

Cook County property tax tool shows owners where their tax money goes

The online education tool, “Where Your Money Goes,” calculates the money owed to each school district or other local unit of government in the past two years — showing the increase or decrease from the year before.

The Guardian - UK

Building houses on Britain’s vast, exclusive golf courses makes sense for everyone – even golfers

Such radical plans wouldn’t just help tackle our chronic lack of housing, but also let the sport shed its elitist tag, says Phineas Harper, chief executive of Open City

The Guardian - UK

Renting property in the UK: how to get the home you want

Know what you want and set an all-inclusive budget

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Evening Standard

The Bishops Avenue: architects' plans for hundreds of affordable homes on Billionaires' Row revealed

The proposals show how hundreds of affordable homes and an arts centre could sit among the multi-millionaire's properties and crumbling mega mansions of the Bishops Avenue

The National (Scotland)

See how much rent has increased in your area as landlords hike prices in Scotland

LANDLORDS have hiked the price of private rental properties above inflation in the past year, new figures have shown.

Motor1

The 2024 Toyota Tacoma Adds Some Polish But Keeps The Fun

Thanks to a torquey, 270-hp four-cylinder and an available six-speed manual, the new Taco is a charmer.

Chicago Sun-Times

Her family called police for help, then her lease was terminated

Diamond Jones is challenging Richton Park’s crime-free ordinance, saying it violated her constitutional rights. The suburban Cook County community is among several municipalities with similar laws on the books.

The National (Scotland)

'Chronic' housing shortage in Scottish island to be tackled in new project

EFFORTS are being made to tackle a "chronic shortage" of affordable housing on a Scottish island.

The Guardian - UK

Average rent in Great Britain up by more than a quarter since start of Covid

Rise due to shortage of properties has been worsened by soaring interest rates, Savills finds

The Guardian - AU

Scrap first home buyers grant and build 60,000 social homes by 2034, Victorian inquiry recommends

The inquiry report makes no recommendations on rent regulation, which has been a contentious issue between the Greens and Labor

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