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The Latest Breaking News on Real Estate

Average UK house price ended last year £4,800 higher than at end of 2022 – index

The typical UK house price in December 2023 was £287,105, up from £282,305 in the same month a year earlier, Halifax said.

The Independent UK

US economy adds more jobs than expected; eurozone inflation rises to 2.9% – as it happened

US unemployment rate remains at 3.7% against expectations of an uptick; however jobs increases in November and October are revised lower

The Guardian - UK

UN tips slow and steady inflation progress in Australia

The United Nations says the world economy is in for another tough year, with Australia and other developed economies in Asia facing strong headwinds.

AAP

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Mortgage market ‘heating up’ but homeowners still face ‘painful’ cost increase despite falling rates

The average rate on a two-year fixed mortgage deal has fallen from 5.92 per cent to 5.87 per cent

The Independent UK

Registration of new apartments comes to a standstill in Chennai and other parts of the State: CREDAI

Registration of apartments in Chennai & other parts of Tamil Nadu halted due to single agreement system with composite valuation methodology, causing concern for home buyers & builders.

The Hindu

Average long-term mortgage rates edge higher, snapping 9-week slide

The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades

The Independent UK

Upscale residential sales surge in Hyderabad in 2023: Report

Hyderabad witnessed a 6% YoY growth in residential property sales in 2023, with 46,985 units launched, & 8.8 million sq. ft. of office space leased.

The Hindu

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After the Surfside collapse, Florida is seeing a new condo boom

The 2021 collapse killed nearly 100 people. Regulations passed since then have raised costs for those living in older buildings. Developers want homeowners to sell so they can put up luxury condos.

WEKU

Britain’s housing market may be ‘past peak pain’ but what will 2024 bring?

Second year of falling prices expected though recovery is likely in the second half as interest rates come down

The Guardian - UK

Living in London: essential advice for first-time buyers, renters and homeowners in 2024

Will house prices go up or down? What next for mortgage rates? Where are the best value neighbourhoods now? Your home-buying questions answered

Evening Standard

Homeowners set to benefit from mortgage price wars, experts say

Lenders set to undercut one another after record number of homes went on market on Boxing Day

The Independent UK

Land tax changes to recoup $1b more from Victorians

An increase in land tax for more Victorians is expected to raise $1 billion more than previously projected, according to the independent budget office.

AAP

Record Boxing Day bounce in sellers coming to market, says Rightmove

The number of buyers contacting estate agents about homes for sale also jumped, the property website said.

The Independent UK

Bring Chicago Home real estate transfer tax would cost renters a lot

It would not make housing more affordable or more available, the president of a property management company writes. And it would not improve the quality of housing.

Chicago Sun-Times

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Evening Standard

Captain Tom's family's spa pool faces demolition after they fail to issue appeal within deadline

Hannah Ingram-Moore and her husband, Colin, lost an appeal against an order to remove the building in the grounds of the property in Bedfordshire

Top News

Shocking Allegations: Menendez's Extended Bribery Scheme Involves Second Country

Get the latest scoop on the legal troubles of Senator Bob Menendez as prosecutors allege a bribery scheme involving Qatar and a real estate developer.

Reason

Pro Se Plaintiff Wins $80K in Libel Lawsuit Against Neighbors

From Poimboeuf v. Merritt, decided today by the N.C. Court of Appeals (No. 23-229), in an opinion by Judge John Tyson, joined by Judges Zachary and Flood; some quick and likely not fully reliable Googling suggests that Poimboeuf wasn't trained as a lawyer, though Riselvato had been a paralegal: Kevin…

Latin Times

Bob Menendez Faces New Allegations: Introducing a Qatari Royal Family Member to a NJ Businessman

The latest indictment doesn't add new charges but details further actions by the embattled senator

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