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The Latest Breaking News on Real Estate

21% of new first-time buyers stretch mortgage terms for more than 35 years

The trend of longer-term mortgages is ‘further evidence of the ongoing affordability crunch’, according to UK Finance’s Household Finance Review.

The Independent UK

Texas legislators want to help property owners deal with squatters. But the changes could affect tenants.

Housing advocates say Texas laws fall short when it comes to property trespassers but they warn changes could worsen the state’s evictions crisis.

The Texas Tribune

Two broken gas meters in seven months before deadly Sydney house explosion at Whalan

Investigation under way into cause of explosion at social housing complex in Sydney’s west that left one woman dead

The Guardian - AU

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Homeowners And Housebuilders Pin Hopes On ECB Rates Cut

In the west Frankfurt suburbs on a plot wedged between a motorway and a wooded park, excavators are preparing the ground for 400 new apartments.

International Business Times

London leavers: 'We sold our home in Northolt to build our own house on a £209k plot of land in Oxfordshire'

Bart and Klaudia Wilczynski estimate their self-build project is now worth £900,000

Evening Standard

The housing crisis hit Queensland hard. Jolted into action, the state has raised its game

Post-COVID housing stress has been especially intense in Queensland. Brisbane property prices have climbed by 65% since the pandemic began. That’s almost double the Australian capital city average (34%).

The Conversation

Treasury boss backs the young to navigate housing mess

The ever-increasing cost of housing is one of the big challenges facing young people but their future is not bleak, the Treasury secretary says.

AAP

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The five states where house prices are rising fastest - and the one area where they’re falling

Vermont has seen the value of properties increase by almost 13 percent year-on-year, writes Mike Bedigan

The Independent UK

With home prices up more than 50%, some states try to contain property taxes

Rising home values have led to higher real estate taxes around the US. Now many states are looking to provide relief to frustrated residents

The Independent UK

Finding a job in Ireland is easy. Finding a place to live is the hard bit

Dublin does not seem a fair city to those who move there to work but can’t afford a home. Ireland’s coalition government says it is acting on housebuilding, but bosses and staff say it must try harder

The Guardian - UK

Gina Rinehart retains top spot on rich list as 200 wealthiest Australians see fortunes grow by 11%

Technology figures including Afterpay founders rise up AFR rich list rankings, reflecting ‘changing nature’ of Australian economy

The Guardian - AU

Will the general election impact house prices?

Nationwide announced that UK house prices saw a modest bounce back in May

The Independent UK

Donald Trump conviction: what happens next?

ANALYSIS: Jail time unlikely but how will centrist voters see the verdict?

Evening Standard

Chinese Property Giant Evergrande Fined $576 Mn For 'Fraud'

Evergrande was once China's biggest real estate firm, a powerhouse in a sector that helped propel the country's rapid economic growth during recent decades.

International Business Times

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Evening Standard

Coast or countryside? 15 appealing family homes for sale in commuter hotspots — all £500k or less

If you have around half a million to spend, these character homes offer new horizons in a crop of commuter hotspots

Evening Standard

Nationwide sees higher wages give a small Spring boost to property market

Prices rose at a higher annual rate of 1.3% in May says lender

AAP

Fast track for applications in race to build new homes

Planning approvals for social and affordable housing will be prioritised as NSW struggles towards meeting its nationally agreed home-building goal.

AAP

Housing tower residents given more time to reframe case

A Supreme Court judge has given public housing residents another month to reformulate their case against the Victorian government.

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The Guardian - US

WeWork eliminates $4bn in debt after judge approves bankruptcy plan

Days after co-founder dropped buying bid, the company claims it is set for ‘sustainable, profitable growth’ and to re-emerge next month

Kiplinger

Strategic Asset Allocation: Building Wealth With Precision

Certain mindsets are beneficial as you work toward creating wealth that allows the lifestyle you envision.

The Independent UK

Mortgage crisis deepens as one in four face missing payments this year

An estimated 1.6 million households face spiralling debts as they are hit by huge hikes in interest rates

Kiplinger

Graceland Targeted for Deed Theft by Cons Disguised as Lenders

A fraudulent foreclosure of Graceland was attempted using forged loan documents.

Evening Standard

London homes for sale rebounds — so how much is the total value of housing for sale in the capital?

Zoopla reports that the total value of homes for sale in the capital is up 30 per cent in a year

The Independent UK

Selling Sunset star Chrishell Stause joins Neighbours cast

Actor and real estate agent is going back to her soap opera roots

AAP

Sanction threat for slow councils in NSW housing push

NSW councils have been promised more infrastructure funding for exceeding housing targets, but they could also face sanctions for poor performance.

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