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The Latest Breaking News on Real Estate

Hawaii economists say Lahaina locals could be priced out of rebuilt town without zoning changes

Economists in Hawaii warn that residents who survived the wildfire that destroyed much of the Maui community of Lahaina might not be able to afford to live there after it is rebuilt unless officials alter the zoning laws and make other changes

The Independent UK

UK lenders expected to make further mortgage rate cuts next week

Mounting optimism that home-loan costs have peaked after Bank of England keeps interest rates on hold

The Guardian - UK

Federal Register weekly update: More than 20,000 documents issued so far in 2023

The Federal Register is a daily journal of federal government activity that includes presidential documents, proposed and final rules, and public notices. It is a common measure of an administration’s regulatory activity, accounting for both regulatory and deregulatory actions.

Ballotpedia

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Sub-registrar offices to work from 8 a.m. to 8 p.m. till September 30 to cater to surge in applications

Bengaluru sees surge in online applications for property registration before revised guidance value comes into effect. To accommodate, Stamps & Registration Dept. extends sub-registrar office hours to 8am-8pm. Last revised in 2018, 10% rebate given in 2022 to boost property registrations. Sub-registrar offices worked overtime then too.

The Hindu

I knew moving and renovating while parenting would be hard. It was

During her five-month renovation, Kelly Eng learned how to play Tradie Tetris and discovered wisdom in the ‘unattainable triangle’

The Guardian - AU

Scottish islander backlash forces government to delete 'remote' from paper

THE Scottish Government has removed the word “remote” from the title of one of its action plans for rural communities after a backlash, The…

The National (Scotland)

As UK mortgage interest rates fall, should you choose a two-year or five-year fix?

Bank of England halts run of base rate rises but borrowers still have much to ponder

The Guardian - UK

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Massachusetts has a huge waitlist for state-funded housing. So why are 2,300 units vacant?

Massachusetts has about 184,000 people on a waitlist for the state’s public housing

The Independent UK

Koala park and urban sprawl strike precarious balance

The NSW government's $80 million pledge to protect koalas on Sydney's urban fringe could be threatened by housing developments in the park's proposed backyard.

AAP

UK recession risk mounts as business falters; mortgage lenders cut rates – as it happened

Business activity shrinks at fastest pace since financial crisis excluding Covid months; some fixed five-year mortgage rates dip below 5%

The Guardian - UK

Will taxing short stays boost long-term rental supply? Other policies would achieve more

The Victorian government, like many governments around the world, has announced new regulations on short-stay accommodation. The government says Victoria has more than 36,000 short-stay places, which are reducing the number of homes available for long-term rental.

The Conversation

Planning laws protect people. A poorly regulated rush to boost housing supply will cost us all

The housing crisis is firmly on the Australian policy agenda. Governments see a rapid increase in supply as the main solution.

The Conversation

Doug Ford reverses Greenbelt plans: Construction would never have provided affordable housing

Ontario Premier Doug Ford has announced a reversal of his government’s decision to allow developers to construct residential properties on parts of Ontario’s Greenbelt. While this is a positive outcome for an ongoing saga, let’s be clear: paving Ontario’s Greenbelt was never actually about providing affordable housing.

The Conversation

Multi-storey seniors housing development proposed for Belmont

The $24.8m plans could see a three and four storey housing complex built.

Newcastle Herald

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The Independent UK

Payday loans and side hustles: Will a freeze in interest rates really help struggling households?

Londoners said the rate freeze did little to solve the cost of living crisis or soaring prices

The Independent UK

How interest rates announcement will affect mortgages and savings

There is light at the end of the tunnel for mortgage holders but savers face lower rates

Newsroom.co.nz

Mayor Brown's Auckland Deal is the real deal

Gateway cities around the world are so important to national prosperity that they need to be actively supported and with customised arrangements. Auckland Mayor Wayne Brown is right when he says a new relationship between government and the council is required, argues Mark Thomas

Evening Standard

Hope for mortgage pain relief as interest rate hikes paused — but experts warn we’re not out of the woods

The interest rates pause could bring some desperately needed stability to the London housing market, say experts, but don’t get too comfortable

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The Conversation

How Sunak's back-pedalling on net zero could damage efforts to decarbonise Britain's homes

Rishi Sunak, the UK prime minister, has announced his government will scrap or delay a number of measures designed to help the UK reach net zero by 2050, with a particular focus on housing. This includes getting rid of impending requirements for landlords and property owners to upgrade the energy…

The Guardian - AU

Victoria’s expanded rent bidding ban sparks concerns over enforcement and effectiveness

But Daniel Andrews tells Guardian Australia the plan closes ‘loophole’ being exploited amid housing crisis

The Guardian - UK

Landlords in Yorkshire abandon buy-to-let market over high interest rates

What was once a lucrative investment for those with spare funds has become a headache amid higher borrowing costs

The Guardian - UK

Judging by the state of the UK economy, the Bank is done with interest rate hikes

Decision to hold rate at 5.25% will be good news for mortgage holders and firms but reflects dramatic weakening of economic activity

The Independent UK

Rate hike pause ‘will offer some relief to those struggling with housing costs’

The rate pause brings relief to mortgage holders but some finance experts suggested the best cash savings deals may not be around for much longer.

The National (Scotland)

Scotland's rent cap extended for final six months after vote by MSPs

THE rent cap and ban on evictions has been extended for a final six months following a vote by MSPs.

The Independent UK

UK homeowners hope Bank of England avoids another rate hike after inflation falls

Homeowners across the U.K. are hoping that the Bank of England will decide to avoid raising interest rates for the first time in nearly two years

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