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The Latest Breaking News on Real Estate

Santa Fe voters approve tax on mansions as housing prices soar

Voters have approved a tax on mansions to pay for affordable housing initiatives in the state capital city of Santa Fe

The Independent UK

Nate Paul, the businessman at the center of Ken Paxton’s impeachment, charged with four new federal crimes

During the impeachment trial, whistleblowers testified they believed Paul to be a criminal and were concerned that Paxton was essentially turning the keys of the office over to him.

The Texas Tribune

Migrants and change of government drive sharp forecast rise in house prices

The nascent return of first home buyers is set to be snuffed out by 'horribly unaffordable' house prices. Jonathan Milne reports.

Newsroom.co.nz

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Smiling Ivanka grilled on Donald Trump’s net worth in fraud trial testimony

Former president’s daughter is the attorney general’s final witness in a case that threatens the family business

The Independent UK

Plans to double council tax on second homes put before MSPs

Regulations that would give local authorities the power to double the council tax on second homes have been put before the Scottish Parliament.

The National (Scotland)

Government accused of ‘kicking can down road’ on plans to ban no-fault evictions

The abolition of section 21 would not come in until court reforms and stronger possession grounds for landlords were in place, ministers said.

The Independent UK

3 Building Materials Stocks to Help Build Your November Portfolio

Rising expenditure on infrastructure and housing and the growth of sustainable building practices are expected to drive the demand for building materials. Therefore, it could be wise to add fundamentally strong industrial stocks GMS Inc. (GMS), Owens Corning (OC), and CRH plc (CRH) to one’s portfolio. Read more….

StockNews.com

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How to Create Passive Income Through Real Estate Syndication

A real estate syndication can grant you access to higher-value assets without you having to carry the entire financial burden.

Kiplinger

Comment: 'Sellers who refuse to budge on price of substandard homes need to get real'

The tools to discern a fair price are at your fingertips so don't be afraid to use them and bargain hard

Evening Standard

Why are Trump’s children testifying at New York civil fraud trial?

Former president Donald Trump’s three eldest children, Donald Jr, Eric, and Ivanka, are testifying in the civil fraud trial against the Trump Organization

The Independent UK

Five Housing Markets On the Rise

Study shows homes in five markets are going under contract in less than two weeks, despite a broader national housing market slowdown. Which cities are bucking the trend and why?

Kiplinger

International Monetary Fund warns Europe against prematurely declaring victory over inflation

The International Monetary Fund says the European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they’re sure inflation is under control despite sluggish growth

The Independent UK

Turnbull double act call for 'more density, everywhere'

Former prime minister Malcolm Turnbull and former Sydney mayor Lucy Turnbull have weighed into housing affordability debate as part of a national address.

AAP

Landmark 120-year-old Hamilton home hits the market

'If you have ever been to Hamilton, you would know this house.'

Newcastle Herald

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Al Jazeera

Yusef Salaam elected unopposed to a central Harlem district in US

Wrongly convicted as a teenager over a 1989 rape, Salaam campaigned on easing poverty and tackling gentrification.

The Independent UK

‘Heir apparent’ Ivanka Trump to take witness stand in her father’s fraud trial

New York attorney general calls up final witness in a case that threatens the family business

The Guardian - UK

UK housing market is past its ‘peak pain’, declares Savills

Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025

Evening Standard

Five-year house price forecast: how much could your London house be worth by 2028?

An average house in London could be worth over £70k more in five years time, but prices have further to fall first says Savills

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news in one place.

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The Independent UK

Average house price predicted to be £45,000 higher by 2028

The expectation of a gradual reduction in interest rates suggests a progressive restoration of buying power and recovery in demand, Savills said.

Chicago Sun-Times

‘Bring Chicago Home’ referendum to reduce homelessness through tax on high-end property sales clears City Council

Tuesday’s 32-17 vote is a major political victory for Mayor Brandon Johnson. Next comes a battle between Johnson’s progressive coalition and the business community and real estate industry.

Evening Standard

Leasehold reform: 'endless carrot-dangling over desperate leaseholders’ heads wearing thin'

With no sense of timing or detail of promised reforms, leaseholders have been left hanging once again by watered down policies

Reason

Is a Land Value Tax the Solution to Detroit's Messed Up Property Tax System?

Detroit Mayor Mike Duggan argues that shifting taxes from homes to the land they sit on will encourage development and cut taxes for most homeowners. Local property tax activists aren't convinced.

Evening Standard

Rogue landlord of 22 bedroom Kensington property so damp mushrooms grew on walls is fined £500,000

Landlord of multi-occupancy property on edge of Hyde Park given 'record fine' for safety breaches

Zenger

Donald Trump Calls Attorney General ‘Political Hack’ In Testimony, Says Fraud Trial Is ‘Election Interference’

On Monday, former President Donald Trump took the witness stand to share testimony on the business dealings of the Trump Organization in a civil fraud trial

AAP

More pain for borrowers as big banks pass on rate hike

Three of Australia's biggest banks have hiked interest rates in response to the Reserve Bank's latest cash rate increase.

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