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The Latest Breaking News on Real Estate

January home sales fall as high mortgage rates, prices freeze out would-be buyers

Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market

The Independent UK

Vatican 'let down' in botched London property deal involving The Pope himself, UK Judge rules

Secretariat of State of the Holy See agreed to buy a part-share of a former Harrods depository

Evening Standard

Short-term lets 'hollowing out' London as one in 32 homes used for holiday stays

Analysis by estate agents Savills found that there were 117,000 homes listed for short-term let across London last year

Evening Standard

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Texas lawmakers want to make it easier to convert office space into apartments and condos

Supporters hope easing zoning rules will entice landlords to renovate and ease the state’s housing crisis.

The Texas Tribune

Growing ranks of homeless seen as society in decline

An appetite for change has developed among voters as Australia's housing crisis becomes symbolic of wealth inequality, disempowerment and societal decline.

AAP

John Smith obituary

Other lives: Former deputy leader of Bury borough council who also served as the mayor

The Guardian - UK

Average US rate on a 30-year mortgage slips to 8-week low after fifth-straight weekly decline

The average rate on a 30-year mortgage in the U.S. eased for the fifth week in a row to its lowest level since late December, a welcome boost for prospective homebuyers in what’s traditionally the busiest time of the year for home sales

The Independent UK

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Struggle Street residents last to benefit from rate cut

Rate relief has been delivered to Australian mortgage holders, yet the Reserve Bank governor says renters may have to wait a while longer to gain any benefit.

AAP

What is LTV in mortgages? Martin Lewis explains most important factor for first-time buyers

Understanding this simple concept can save tens of thousands down the line

The Independent UK

Burglar jailed after being caught out by Home Alone-style bucket trap

Police arrested prolific criminal after homeowners showed CCTV footage of him tripping on string tied to pail of water

The Guardian - UK

New towns must be built on old values

Letters: Readers respond to our editorial about the potential pitfalls in Labour’s plans for new homes and new towns

The Guardian - UK

Regional house prices rise as capital city values fall

Australia's historically affordable regional housing markets have continued to demonstrate resilience, compared to a price decline in capital cities.

AAP

3 REITs Benefiting from the Remote Work Era

The rise of remote work is transforming real estate, driving demand for flexible workspaces, data centers, and suburban properties. As businesses adapt to this new reality, investors can look to invest in REITS such as Equinix (EQIX), American Tower Corp. (AMT), and Crown Castle (CCI), which seem to thrive and…

StockNews.com

Inflation jumps to 10-month high, knocking chance of early interest rate cut

Consumer Prices Index (CPI) inflation rose to 3% in January from 2.5% in December.

The Independent UK

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The Conversation

Politics with Michelle Grattan: Danielle Wood on how to trim back housing regulations

Housing supply in Australia will be a key battleground in the election campaign. With home ownership more and more out of reach for young and not so young Australians, red tape and low productivity are strangling the builder industry just when it needs to be stepping up.

AAP

What the interest rate cut means for renters

Renters are hoping landlords will try a little kindness and pass on the benefit of interest rate cuts, but experts warn they shouldn't hold their breath.

The Conversation

Yes, Australia needs new homes – but they must be built to withstand disasters in a warmer world

Australia’s housing crisis has created a push for fast-tracked construction. Federal, state and territory governments have set a target of 1.2 million new homes over five years.

The Guardian - AU

CFMEU members storm the offices of Queensland Council of Unions – as it happened

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International Business Times

New Homebuilder Sentiment Report Drops Sharply As Builders Lose Confidence

The National Association of Home Builders says builders remain pessimistic about a recovery in the next six months.

AAP

Wages slowdown boosts case for more rate cuts

Treasurer Jim Chalmers says ongoing growth in real wages is a good thing, but the RBA will be more encouraged that wage rises are showing signs of slowing.

Evening Standard

Almost one London home in thirty is now a short term let finds new survey

New study finds there are now 117,000 homes listed for short-term let across London

The National (Scotland)

Scotland could learn from Wales on council tax reform, says expert

Scotland could learn from the Welsh Government’s plans for council tax reform, an academic has said.

The Guardian - UK

Architects warn post-Brexit visa rules hindering recruitment

Firms want review of decision to remove architecture from shortage occupation list and raise salary threshold

The Guardian - AU

RBA reduces interest rates, but don’t hold your breath for too much more this year

The path of the economy and inflation in the year ahead will dictate the timing of any future cuts to interest rates

The Guardian - AU

Labor and Coalition welcome RBA interest rate decision as governor plays down chance of more cuts

Households with a $750,000 loan to see their monthly repayments reduce by $115 if their banks adjust mortgage rate accordingly

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