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The Latest Breaking News on Real Estate

Afternoon Update: RBA hikes cash rate for second straight month; Trump seeks to delay China summit amid Iran war; and the 6.30pm rule

Hike takes Reserve Bank’s cash rate target from 3.85% to 4.1%, wiping out the relief offered by two cuts last year

The Guardian - AU

'Stop bringing in H-1Bs': MAGA erupts as foreigners spend $56 billion to buy up 78,000 US homes in one year

New research by the Foundation for Government Accountability (FGA) has reignited the debate over the ownership of the 'American Dream' among residents in USA, leading to heavy criticism of the H-1B visa online along with calls to stop the initiative altogether.

The Times of India

‘If we have to change tack, we will’: RBA hikes rates but not aiming to put Australia into recession, Bullock says

Reserve Bank of Australia’s second consecutive increase lifts cash rate target to 4.1%, back to where it was in February last year

The Guardian - AU

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176-year-old London pub facing demolition gets lifeline as plans for flats rejected

Greenwich Council said the applicant had not provided enough information to show that The Anglesea Arms was no longer financially viable.

Evening Standard

Oregon's Waterfall Publicly Sold on 'Redfin With No Price', Lawmakers Act to Save Abiqua Falls

Oregon lawmakers have secured a historic $2.1 million deal to purchase the iconic Abiqua Falls, ensuring this cherished natural treasure remains open to the public forever.

International Business Times UK

Foreign buyers sweep up 78,000 US homes, threatening the 'American Dream': Research

Foreign purchasers are increasingly buying American homes, creating stiff competition for younger and middle‑class families who already struggle to enter the housing market.

The Times of India

Here are four steps I took to get my first home loan

Aspiring first-time homebuyers earned a much-needed reprieve in February when mortgage rates dipped below 6 percent for the first time since 2022.

The Independent UK

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Britons should strive to pay minimum tax legally possible, says Richard Tice

Reform UK’s deputy leader comments came as he was responding to questions raised about his own tax affairs

The Guardian - UK

Single American Women Are Buying Homes in Record Numbers, Surpassing 20 Million for the First Time

Record-breaking data reveals single women in the US now own over 20 million homes, doubling the market share of single men despite the ongoing cost-of-living crisis.

International Business Times

UK mortgage shelf life dips amid market uncertainty

Mortgages have not disappeared in recent weeks as fast as they did in the aftermath of the mini-budget

The Independent UK

UK housing costs rise 41% over five years for renters and owners, study shows

Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall rise

The Guardian - UK

Florida’s real estate ‘gold rush’ draws the super-rich as rising costs push others out

The luxury property surge fuels growth in Miami, but a poll finds many residents weighing an exit over housing and living costs

The Guardian - US

Real Estate Agents Report Rise in Mexicans Self-Deporting and Seeking To Rent Homes in Tijuana

According to a Border Report investigation, real estate agents say more Mexicans living in the United States without legal residency are returning to Mexico and choosing to rent homes in Tijuana.

Latin Times

NSW to crack down on property underquoting, forcing sellers to publish price guides on all listings

Underquoting and ‘dummy bidding’ will attract fines of $110,000 in bid to create a ‘fair property market’

The Guardian - AU

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Evening Standard

John Swinney promises ‘transformational’ help with childcare if SNP re-elected

The SNP leader also promised help for those seeking to buy their first home if his party wins the Scottish Parliament election in May.

The Independent UK

Pope Leo moves into palace apartment famously snubbed by Pope Francis

The decision has been praised by conservative commentators who see it as a sign of respect

Evening Standard

London council steps in over ‘worthless’ luxury flats debacle

The High Court ruled the insurer was liable to pay up to £1.5m towards repairs or rebuild works for the entire building

Axios

Exclusive: Ric Grenell departing as Kennedy Center head

Grenell will be succeeded by Matt Floca, who currently oversees bulding operations.

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news in one place.

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The Independent UK

Outrage in France after 19th century chateau converted into ‘eyesore’ council flats

Louvre curator says the modern renovations are ‘enough to make you cry’

Kiplinger

10 Cheapest Places to Live in Virginia

The Commonwealth of Virginia has some cheap places to live. Here are a few if you hate paying property taxes.

The Guardian - AU

Toshi spent $3,000 on building inspections house hunting in Melbourne. Should sellers cover the cost?

The Victorian government plans to make vendors provide property and pest reports, while also requiring sold prices to be made public in a bid to tackle underquoting

Evening Standard

'Peasants revolt' secures victory after decade-long London allotments battle

The agreement was reached with the Duke of Northumberland’s estate to finally secure the future of the plots

International Business Times

Shohei Ohtani and His Agent Settle Hawaii Lawsuit Over Alleged Sabotage of $240 Million Real Estate Project

Shohei Ohtani and agent Nez Balelo quietly settle a Hawaii lawsuit over an alleged sabotage of a $240 million luxury real estate project on the Hapuna Coast.

Kiplinger

This Is How the 'Brady Bunch' Safety Net (aka a QTIP Trust) Protects Your Kids' Inheritance

If you have a blended family, this estate planning tool can provide for your surviving spouse while passing assets to your children from a previous marriage.

AAP

Supercharged inequality: rich investors stifle budget

Almost a quarter of the benefit of the capital gains tax discount goes to just five of Australia's wealthiest electorates, entrenching inequality, critics say.

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