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The Latest Breaking News on Real Estate

The average long-term US mortgage rate dips below 7% to its lowest level since early August

The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale

The Independent UK

Appeals court again upholds gag order barring Donald Trump from commenting about judge’s staff

A New York appeals court has again upheld a gag order that bars Donald Trump from commenting about court personnel in his civil fraud trial

The Independent UK

Trump fails to block gag orders in fraud trial

An appeals court ruling deals another blow to the former president one day after trial testimony ended

The Independent UK

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Office investors have a narrow window to seal the perfect deal

Occupiers are already setting new records for rents in the best locations

Evening Standard

What UK’s interest rate freeze means for mortgage borrowers

Home loans could be unlikely to fall by much in short term as Bank of England keeps fighting inflation

The Guardian - UK

Trump brags that he’s ‘healthier than Obama’ in wild Iowa speech

Former president, 77, once again insisted that he’s ‘aced’ cognitive tests and is in robust shape – as he tries to keen to brush aside recent run of gaffes and draw favourable contrast with Joe Biden

The Independent UK

What does Bank of England interest rates decision mean for my mortgage and savings?

‘Green shoots’ already appearing in housing market, expert suggests as market eyes rate cuts next year

The Independent UK

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Bank of England holds interest rates at 15-year-high as economy flirts with recession

The Bank of England has held interest rates at 5.25 per cent for the third consecutive time

The Independent UK

Heartland Alliance cuts 65 jobs and shuts affordable housing division

Still hurting from the pandemic, the nonprofit said it is trying to sell its apartment buildings to operators who will maintain the sites as affordable properties.

Chicago Sun-Times

Double council tax for second homes agreed at Holyrood

Councils will have the power to double council tax on second homes after new regulations were agreed in Holyrood.

The National (Scotland)

Markets bet on UK interest rate cuts in 2024 amid recession risk

Bank of England expected to keep rates at 5.25% on Thursday but abandon current strategy next year

The Guardian - UK

More than 300,000 people likely to be homeless at Christmas

Latest government statistics show homelessness at highest levels since records began

The Independent UK

Best and worst performing suburbs in Lake Macquarie and Newcastle in 2023

See the best and worst performing suburbs across the region this year.

Newcastle Herald

Trump fraud trial judge jokes he’ll ‘miss’ the case as testimony ends

A ruling is expected by the end of January in a case that threatens the former president’s business empire

The Independent UK

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The Guardian - US

Surreality TV: The Curse finds the horror in home renovation shows

The most uncomfortable show of the year is a much-needed satire on the pervasive ethos and aesthetic of home renovation television

Evening Standard

Bibby Stockholm barge costs taxpayers £22m amid calls for asylum seekers to be rehomed following death

The cost of housing migrants on the barge is revealed as the Home Office is under pressure to find alternatives

The Guardian - AU

Victoria to set new housing targets for every council in the state

Exclusive: Plan Victoria includes housing targets for every council and strategies to ensure homes are built in the most suitable areas

The Guardian - UK

Michael Gove to ease housebuilding targets for councils in England

Developers say move is ‘capitulation to Tory nimby faction’ and could lead to fewer homes being built

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Evening Standard

Rents for top quality West End and City offices forecast to rise in 2024

Rents for the capital's greenest and most high end offices have climbed over the last five years, by more than a quarter for some space in the West End, and further growth is predicted in 2024 according to a new forecast.

The Independent UK

Michael Gove ‘capitulating’ to nimbys with moves to block new homes, say developers

‘Capitulation to a nimby faction of the Conservative party’, say housebuilders on changes to planning system

Evening Standard

Interest rates to plunge in 2024 after GDP falls, City markets suggest

Market pricing is now pointing to a first cut as soon as May

The Independent UK

Donald Trump’s lawyers again ask for early verdict in civil fraud trial, judge says 'no way'

Donald Trump’s lawyers have rested his defense and have sought again to immediately end the New York civil fraud trial that threatens the former president’s real estate empire

Newcastle Herald

Strong buyer interest in 'hidden' 1.7 acre block listed in Charlestown

The property has a guide of $1.15 million to $1.25 million.

Chicago Sun-Times

Activists, public housing residents push to oust CHA leadership

Activists say more than 200,000 people are on the waiting list for public housing and they want Mayor Brandon Johnson to replace the CHA board and its CEO.

Latin Times

Buyers From Latin American Countries Represent Almost Half of International Home Purchases in Florida

A report shows that Argentines, Brazilians and Colombians comprised more than 20 percent of the purchases overall

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