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The Latest Breaking News on Real Estate

Stock Market Today: Stocks Drop Ahead of Powell's Jackson Hole Speech

Sentiment turned cautious ahead of Fed Chair Powell's highly anticipated speech Friday at the Jackson Hole Economic Symposium.

Kiplinger

‘No blank cheques’: Rachel Reeves defends pay deals with unions

Chancellor rebuts Tory accusation she will be a soft touch and hints at tweak to debt rule to allow more borrowing

The Guardian - UK

US Existing Home Sales Rise In July, Ending Downward Trend

Sales of previously owned homes in the United States edged up in July, industry data showed on Thursday, breaking a four-month trend of declines.

International Business Times

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Nebraska Finally Has Some Property Tax Relief

After a two-week special session, lawmakers have approved a bill to provide property tax relief to millions of Nebraskans.

Kiplinger

Australia has a poverty problem – so why is there no agreed measure of it?

Experts agree that tackling disadvantage requires an understanding of how many people are affected and by how much

The Guardian - AU

The remote house on the Windsor estate Prince Andrew could move into if evicted from the Royal Lodge

King Charles has reportedly moved to axe his brother’s security at his Windsor home

The Independent UK

Courtney: Supercars retirement announcement "accidental"

Supercars racer James Courtney has revealed he did not mean to announce his impending retirement from motor racing in the manner that he did.

Autosport

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Melbourne mayor backs converting offices into apartments in bid to boost housing supply

Support for idea comes as Victorian government unveils plan to fast-track planning approvals in 10 hubs across city

The Guardian - AU

Paraguayan lawmaker killed after engaging in shootout with police during drug raid

Authorities say Gomes greeted them with gunfire; police fired back, fatally wounding the 67-year-old lawmaker

Latin Times

Trump National Golf Club saves $257K a year through a tax break by claiming to have 12 goats

The club charges a $350,000 membership fee, meaning one new member would cover the taxes.

USA Today Sports Media Group

Gen X, older millennials ride housing boom to the bank

Older millennials and generation X are among the biggest winners from Australia's real estate boom as profits from sales hit their highest level in 10 years.

AAP

London rents "have over-shot" as rental inflation slows to lowest level in almost three years

Rental inflation for new lets it is the lowest it has been in three years as demand falls

Evening Standard

Battersea Power Station under fire from council over low levels of affordable housing

So far about half of the Battersea Power Station masterplan has been delivered with two of the six phases of the development completed

Evening Standard

OPINION - The Standard View: Autumn is coming — and so are tax rises

As summer threatens to give way to autumn, the drum beat of tax rises is growing ever louder. Today, it was data from the Office for National Statistics showing that public sector net borrowing has surged to a worse-than-forecast £3.1billion in July, significantly higher than the year before.

Evening Standard

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The Guardian - UK

Social housing rents to rise as part of UK push to build affordable homes

Rachel Reeves works on plan for 10-year formula to give councils and housing associations certainty

Al Jazeera

In South Africa, patriarchal law cuts some women off from owning their home

How a land law seeking to fix the racial injustices of apartheid created gender barriers for Black women instead.

The Guardian - UK

TV tonight: the young people tackling the housing crisis in a remarkable way

How to create a property portfolio with an Instagram account. Plus: the brilliant Celebrity Race Across the World continues. Here’s what to watch this evening

Evening Standard

OPINION - The Standard View: You shouldn't have to be rich to rent in London

It is a staggering figure. Londoners must earn more than £76,000 a year to afford the average privately rented home in the capital. A report by the G15 group, which represents London’s largest not-for-profit housing associations, highlights just how unaffordable the city has become.

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Evening Standard

Want to rent a London home? You’ll need to earn £76,000

On average Londoners need to be earning £76,261 to afford the average private rent in the capital, the Funding London’s Affordable Home report found

The Independent UK

Prince Andrew faces Windsor Lodge exit after King Charles delivers security guard blow

He rents the £30m mansion for £250 a week

Evening Standard

London house prices are down 2% on average — so which borough has seen a 5% per cent drop?

Annual average asking prices are up in the capital, according to the latest Rightmove index

StockNews.com

Should You Buy Meritage Homes as Housing Demand Soars?

The residential construction market is experiencing substantial growth due to rising urbanization, favorable mortgage conditions, and supportive government measures. Could it be worth adding Meritage Homes to one’s portfolio in this dynamic environment? Let's find out.

The Guardian - UK

Interest rate cut fuels immediate upturn in UK property market

Figures from Rightmove show inquiries to estate agents since 1 August up 19% compared with a year ago

Newcastle Herald

Newcastle apartment projects get moving but Bowline still stalled

There's diggers at the Watervue site and a crane at the Store.

Reason

Harris and Trump Offer Terrible Housing Policies

With minor exceptions, their proposals are likely to do more harm than good.

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