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The Latest Breaking News on Real Estate

California Rent Control Initiative Qualifies For 2024 Ballot, Concerns East Palo Alto Residents

Proposition 10 seeks to overturn Costa-Hawkins Act, allowing local governments to impose rent control on any housing.

Zenger

‘We’ve no magic wand’: UK mortgage advisers face an avalanche of queries

In Bingley, West Yorkshire, brokers are busy dealing with concerns over interest rates, and being asked to tell the future

The Guardian - UK

Greens insist they won’t back down on housing bill despite Albanese’s double dissolution threat

Minor party plans to door-knock Labor electorates in a ‘national day of action’ as it calls on the prime minister to cooperate to ensure the bill is passed

The Guardian - AU

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The third California rent control initiative in four election cycles sponsored by the AIDS Healthcare Foundation qualifies for the 2024 ballot

On July 26, the California secretary of state announced the third rent control initiative sponsored by the AIDS Healthcare Foundation in four election cycles had qualified for the Nov. 2024 ballot. Californians defeated the two other initiatives in 2018 and 2020.

Ballotpedia

Rogue London landlords dodge being added to Sadiq Khan’s flagship ‘name and shame’ database

Rogue landlords avoid being named by claiming it is not in the public interest

Evening Standard

OPINION - Rishi Sunak’s housebuilding claims are absolute hogwash

Desperate times breed desperate measures, so it’s no surprise to see a floundering Rishi Sunak making spurious claims about housebuilding in London, while offering nothing for Londoners struggling with high housing costs.

Evening Standard

Housing markets where homes cost over £300,000 are ‘more exposed to price falls’

Four in five local housing markets currently registering annual price falls have average prices of more than £300,000

Evening Standard

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House sales down by 15% in June compared with same month in 2022

Home transactions were 6% higher in June than in May, but this may be explained by a higher number of working days in June, HMRC said.

The Independent UK

Sadiq Khan slams Rishi Sunak’s Government of ‘blockers not builders’ in homes row

The Mayor launched the attack after the PM said he had ‘failed to deliver the homes that London needs’

Evening Standard

How to spot hidden cameras in Airbnb rental properties

Secret surveillance devices have been discovered at a number of holiday apartments

The Independent UK

Afternoon Update: Labor puts housing bill back on agenda; Victoria bans gas connections to homes; and Australians cut spending

Coalition accuses PM of ‘threatening’ a double dissolution to pass bill, while Greens urge government to negotiate in ‘good faith’

The Guardian - AU

Why I live in Elephant & Castle: activist Peter Tatchell on his vibrant, changing south London area

Human rights activist Peter Tatchell has lived here for 45 years. He tells Emma Magnus what the area has gained — and lost

Evening Standard

How UK house prices left the middle class behind

New data confirms that unaffordability is entrenched, with almost all housing now the preserve of the rich

The Guardian - UK

Anthony Albanese not ruling out double dissolution election amid housing bill standoff with Greens

Prime minister to reintroduce the Housing Australia Future Fund to parliament next week, with a vote expected in the lower house by October

The Guardian - AU

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Chicago Sun-Times

Mayor’s allies lay groundwork for referendum on ‘mansion tax’ to aid city’s unhoused people

Brandon Johnson’s plan to raise the transfer tax on high-end homes is opposed by Gov. J.B. Pritzker and Democratic legislative leaders.

The Independent UK

Housing markets where homes cost over £300,000 ‘more exposed to price falls’

Four in five local housing markets currently registering annual price falls have average prices of more than £300,000, Zoopla said.

Kiplinger

Mortgage Applications Decreased in Latest MBA Weekly Survey

Stubbornly high interest rates and decreased housing inventory are contributing to the slide.

The Independent UK

White House rolls out measures aimed at lowering cost of housing, increasing supply

The White House has announced a series of measures that it said would reduce the cost and increase the supply of housing while bolstering protection for renters

Get all your
news in one place.

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The Independent UK

Ryan Kelley, ex-candidate for Michigan governor, pleads guilty to misdemeanor in Capitol riot case

A former Republican candidate for Michigan governor has pleaded guilty to a misdemeanor charge for his participation in the U.S. Capitol riot on Jan. 6, 2021

The Guardian - UK

ECB urged to pause interest rate rises amid recession fears

Central bank raised rates by 0.25 percentage points in attempt to bring inflation down

The Guardian - AU

The minimalism trend has waged a war on bookshelves – but I’m not ready to Marie Kondo my home library

Sure, with more than 70 metres of shelves in my home, my books have a housing crisis. But what if I miss them when they’re gone?

The Guardian - AU

Daniel Andrews declares suitcases of cash are ‘not on’ – but Ibac’s findings will linger in Victorians’ minds

Anti-corruption commission’s report highlights how developers buy influence, but premier stresses complexity about donations rules

The Independent UK

Sunak threat to intervene on housebuilding in London sparks row with mayor Khan

Labour mayor Sadiq Khan said that under his leadership more homes had been completed in the capital than at any time since the 1930s.

The Guardian - UK

Michael Gove tells landlord L&Q: ‘You have failed your residents’

Social housing landlord ordered to pay tenants compensation after findings of severe maladministration

Evening Standard

ECB raises interest rates again, with traders divided on if it’s last hike

It was the ninth consecutive rate increase for the central bank for the Eurozone as it attempts to bring inflation back under control

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