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The Latest Breaking News on Real Estate

Lloyds Bank raises borrowing limit for first-time buyers

Group will provide mortgages worth up to 5.5 times household income – and other lenders could follow suit

The Guardian - UK

New Treasury Regulations Target Money Laundering Through Real Estate Deals

The new regulations are part of President Joe Biden's administration's goal to prevent laundered money from flowing through the U.S. financial system.

International Business Times

1031 Exchanges vs Opportunity Zones: Which Has the Edge?

In the world of tax-advantaged real estate investing in 2024, which of these financial gladiators offers better tax benefits and investment potential?

Kiplinger

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NYC's 'City of Yes' housing proposal scores key endorsement but still faces strong opposition

Queens Borough President offered his "conditional support" for citywide zoning reform despite the opposition of community boards

Latin Times

New US rules try to make it harder for criminals to launder money by paying cash for homes

The Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate

The Independent UK

Texas needs hundreds of thousands of new homes to lower soaring costs, comptroller warns

Comptroller report highlights the challenges Texas faces, including rapidly escalating home prices and a severe shortage of available housing.

Latin Times

Rogue landlord has properties seized by council after ignoring tenant complaints

Merton Council had sent multiple emails to the landlord which were ignored

The Independent UK

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Do 1031 Exchanges Make Sense for Baby Boomers?

Here are four scenarios in which a 1031 exchange to defer capital gains taxes would be worth exploring if you're a Baby Boomer selling property.

Kiplinger

'Find a place you can afford' outside London, council tells homeless households facing sky-high rents

Brent council is placing homeless families in High Wycombe, Milton, Keynes, Luton, Birmingham and even further afield amid ‘tsunami of demand’ for housing

Evening Standard

Developer forced to repay $11m 'washed' in tax fraud

The liquidators of Plutus Payroll will recoup over $11 million sent to a blackmailer threatening to expose what is now known as Australia's biggest tax fraud.

AAP

Car park wins out over affordable housing despite shortfall of 6,000 homes across inner Melbourne

Open-air car parking a ‘poor use of prime real estate in the inner city’, councillor says

The Guardian - AU

London house prices rise for the first time since April 2023

New data finds green shoots in the London property market but it’s a mixed bag across the capital

Evening Standard

Maitland's historic Regents Park estate returns to market with $3.5m price tag

The Georgian mansion dates back to the 1830s.

Newcastle Herald

DOJ sues Texas company for raising rents

The suit alleges RealPage Inc.’s algorithm used private information to set higher rent prices

Salon

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International Business Times

Americans Face 'Most Unaffordable Housing Market In History': Case-Shiller

Home prices in the U.S. showed a notable increase in June.

The Texas Tribune

Texas must build hundreds of thousands of homes to lower housing costs, says state comptroller

Texas needs hundreds of thousands more homes than it has, per one estimate. That shortage has driven up home prices and rents.

Latin Times

New Harris campaign ad touts housing plan targeting battleground states of Nevada and Arizona

The new ad highlights Harris' personal experience growing up as a renter and her plans to reduce the housing crisis over what would be her presidential term

International Business Times

Nearly 1 In 3 UK Residents Miss Payments As Mortgage Arrears Soar By 50% Amidst Rising Interest Rates

More UK homeowners seek financial assistance from charities and lenders as their fixed-rate mortgage deals end this year.

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Marie Claire

Meghan Markle's Toronto Home From Her 'Suits' Era Is For Sale

Prince Harry visited Duchess Meghan at the house when they first started dating.

Evening Standard

Council seizes properties from rogue London landlord in landmark move after months of complaints

The move comes after months of complaints of poor repair services

Top News

Vice President Harris Unveils Plan To Address Housing Crisis

Vice President Kamala Harris launches housing campaign to build 3 million homes and offers ,000 assistance to first-time buyers, addressing inflation an...

GoodToKnow

Pippa Middleton’s key parenting choice that Prince George, Charlotte and Louis are massively benefiting from

An expert has revealed how Pippa's important decision has impacted not only her sister Kate Middleton but also her young nieces and nephews

The Guardian - AU

New powers for councils to cap short-term accommodation as Victoria moves to 7.5% ‘Airbnb tax’

State treasurer says levy will help in ‘getting the balance right’ for mix of housing and prioritising long-term rentals

AAP

Poorer Aussies feeling pocket pinch with wealth gap

Wealth inequality is exacerbated through housing tax breaks geared toward higher income earners while poorer Australians struggle to pay rent, Anglicare says.

Newcastle Herald

Council tells Iris to reassess EastEnd project's cathedral impact

View impacts remain a stumbling block for the EastEnd developer.

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