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The Latest Breaking News on Real Estate

Rates stay on hold and hope for February cut revived

Long-awaited mortgage relief looks closer as the central bank takes another interest rate hike off the table and lays the groundwork for future cuts.

AAP

Labour’s ‘planning laws reform’ is really an attack on local democracy

People should have a say in their surroundings. But in its bid to build 1.5m homes, the government has left them powerless, says Guardian columnist Simon Jenkins

The Guardian - UK

Scottish Government says Budget cash should pay for 'at least' 8000 affordable homes

Extra cash for affordable housing in the Scottish Budget should allow for “at least” 8000 more homes for rent and low-cost ownership to be…

The National (Scotland)

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Each time I leave a rental, my landlord withholds some of my bond. How can I defend my rights without legal action?

The stress and cost of dispute resolution can outweigh the loss of a bond, writes Australian policy professional Kat George. Here’s what you should do

The Guardian - AU

Extra 10,000 Australians becoming homeless each month, up 22% in three years, report says

Almost half were couch surfing or living in short-term accommodation, UNSW and Homelessness Australia say

The Guardian - AU

RBA set to hold rates steady at final meeting of 2024

No change in interest rates is anticipated at the Reserve Bank of Australia's last board meeting of the calendar year.

AAP

Angela Rayner to announce ‘sweeping planning overhaul’ to fast-track new homes

The Deputy Prime Minister wants to see some planning applications bypass committees.

Evening Standard

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‘Don’t dodge your responsibilities,’ Starmer warns English councils that block new homes

PM vows to overrule local authority heads who stymie housing revolution amid concerns from wildlife groups and Labour-run administrations

The Guardian - UK

Navigating 7 Analyst Ratings For Brixmor Property Group

In the last three months, 7 analysts have published ratings on Brixmor Property Group (NYSE:BRX), offering a diverse range of perspectives from bullish to bearish.

Benzinga

Meet the forever renters: ‘Nobody wants to be in share housing when they’re in their late 70s’

After long careers and now expecting easier lives, a cohort of older Australians are instead struggling with housing affordability and security

The Guardian - AU

13 Practical Strategies for Making Homeownership a Reality

If your dream of homeownership feels out of reach, these expert-recommended tips can bring you closer to realizing your goal.

Kiplinger

How we met: ‘Anyone who can tolerate me for 40 years has got to be special’

Wayne, 72 and Aura, 67, met in a doctor’s office in the 1980s. They fell in love and have lived in Boston together ever since

The Guardian - UK

Construction industry cannot rely on foreign workers, says housing minister

The UK will need thousands of additional construction workers if it is to hit the Government’s target of building 1.5 million homes.

Evening Standard

Average UK house price hits record £298,083, says Halifax

Property prices increase by 1.3% in November, the fifth consecutive monthly rise

The Guardian - UK

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The Independent UK

Average UK house price reached new record high of £298,083 in November – Halifax

Property values increased for the fifth month in a row in November, the bank said.

AAP

Worst housing affordability in almost three decades

Homeowners and renters face some of the most challenging conditions in years, with both groups spending a growing proportion of income on a place to live.

Benzinga

TD Bank Group Sees Global Economy Slows In 2024; TD Economics Predicts Gradual Interest Rate Cuts Amid Cooling Inflation, Geopolitical Risks Persist. U.S. Experiences Soft Landing With 4.1% Unemployment And Fed Rate Cut To 3.25-3.50% By End Of 2025. Canada Sees Growth Boost From Population Gains, BoC Cuts Rates To 2.25-2.50% In 2025. Canadian Dollar Expected To Trade At $0.71-$0.73 U.S. Cents.

ECONOMIC SUMMARY AND OUTLOOKThe global economy remains on track for a modest slowdown in calendar 2024, as high interest rates continue to weigh on growth. Alongside slower growth, inflation across the G-7 has cooled,

Evening Standard

Westminster council ordered to pay compensation to family left without bedroom in damp-ridden flat for years

Housing Ombudsman finds ‘series of failures’ by Westminster City Council meant family-of-three were without a bedroom and left to breath in high levels of damp ‘for years’

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news in one place.

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Kiplinger

Are You a Renter? You Could Save on Taxes

With these tax savings at your fingertips, rent may be more affordable

Benzinga

Better Than The Bank: Weed Real Estate Investment Company's 14% Yield Beats Traditional Savings

With a current dividend yield of 14%, AFCG has demonstrated its commitment to shareholder returns, noted senior analyst Pablo Zuanic.

Evening Standard

Residents of luxury apartments close to Buckingham Palace win battle to remove Grenfell-style cladding

Leaseholders at the block in Artillery Place say they have suffered ‘significant emotional and financial stress’ since the discovery of fire safety hazards

The Guardian - UK

UK construction grows but housebuilding decline threatens government targets

Construction firms say high borrowing costs and weak consumer confidence hitting housebuilding demand

Tom’s Guide

Mr. Coffee Perfect Brew Coffee Maker review: Brews hot and cold

The new Mr. Coffee Perfect Brew Coffee Maker is more versatile than your average drip coffee maker, brewing both hot and iced tea and coffee. However, it’s quite expensive for what it offers and has a few quirks that may make it frustrating to use.

The Guardian - AU

Morning Mail: stories from Australians priced out of a home, US health insurer CEO shot, migration shortfall revealed

More than 16o Guardian Australia readers told how the housing crisis has reshaped their lives

Evening Standard

Leaseholders vent anger after Dagenham fire block demolished: 'We're paying for flats that don't exist'

Over 80 residents lost their homes after the Spectrum Building in Dagenham was destroyed in an inferno in August

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