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The Latest Breaking News on Real Estate

The average long-term US mortgage rate rises for 7th straight week, 30-year loan reaches 7.79%

The average rate on the benchmark 30-year home loan rose for the seventh straight week, making a significant hurdle for prospective homebuyers

The Independent UK

Italian woman wins court case to evict her two sons, aged 40 and 42

The bamboccioni (big babies) refused to fly nest and ‘did not contribute’ – in country where most under-35s still live with parents

The Guardian - UK

Traffic, height drive residents to fight Wallsend seniors complex

'We just feel it's a gross over-usage of the facility.'

Newcastle Herald

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RBA governor says inflation bump no surprise but won’t say whether rates will rise

Michele Bullock tells Senate estimates ‘we might need to go again’ as Westpac joins other big banks in predicting November rate rise

The Guardian - AU

Prized block in Bar Beach ready to hit the market

See the renders of the DA-approved plans.

Newcastle Herald

New report brands student maintenance system ‘broken’ amid soaring rents

The report said the highest rents and increases are in cities with an undersupply of accommodation.

The Independent UK

Mayor Johnson names real estate pro Ciere Boatright to lead planning department

With a history of supporting neighborhood improvement, Boatright will take on the task of backing downtown development while directing dollars toward the South and West sides.

Chicago Sun-Times

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How sustainable, liveable and resilient housing can help us adapt to a changing future

This summer, Canada experienced wildfires, extreme heat, drought and flooding. Other regions of the world faced similar events.

The Conversation

Now, D.K. Shivakumar proposes renaming Ramanagara as ‘Bengaluru South’ district

A day after his statement on the possibility of villages of Kanakapura taluk merging with Bengaluru triggering a political slugfest, Deputy Chief Minister D.K. Shivakumar on Wednesday spoke of the “Bengaluru identity” of people living in region around the capital. Going a step further, he proposed renaming Ramanagara district as…

The Hindu

RBA 'wary' more rate hikes needed to beat inflation

The head of the Reserve Bank admits decision-makers "don't know if the job is done yet" when it comes to interest rate tightening to combat inflation.

AAP

Now, D.K. Shivakumar says not just Kanakapura but entire Ramanagara keen on ‘Bengaluru identity’

A day after his statement on the possibility of Kanakapura villages merging with Bengaluru at a later date triggering a political slugfest, Deputy Chief Minister D.K. Shivakumar on Wednesday spoke of the “Bengaluru identity” of people living in rural areas around the capital and spoke of bringing the entire Ramanagara…

The Hindu

City voices: London pulls ahead of rival New York on these key economic metrics

London is ahead of New York on metrics including office occupancy and jobs, writes Alexander Jan

Evening Standard

A Melbourne Cup Day rate rise would not be tough on inflation, it would just be cruel

Australians are already getting hit by higher costs for necessities, reducing their ability to save and spend money on non-essential goods and services

The Guardian - AU

Is London's post-pandemic rebound 'clobbering' New York?

City Voices: New York Post real estate journalist Steve Cuozzo says London is “clobbering the Big Apple” with its post-Covid regeneration. Is he right?

Evening Standard

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The Independent UK

Hong Kong cuts taxes for foreign home buyers and stock traders as it seeks to maintain global status

Hong Kong’s leader has cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub

The Guardian - UK

UK house prices will not stop falling until 2025, Lloyds predicts

Britain’s biggest mortgage lender forecasts 5% drop over this year and another 2.4% decline in 2024

The Guardian - AU

Grim end to year predicted for Labor with high chance of at least two more interest rate rises

Strong quarterly inflation figures sends market scrambling as odds on for interest rate hike at Reserve Bank’s Melbourne Cup Day meeting

Evening Standard

Trump valued properties at 'whatever number' he picked, former lawyer Michael Cohen testifies

Mr Trump allegedly said 'I'm actually not worth $4.5 billion, I'm really worth more like 6'

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news in one place.

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Salon

Trump rages as Cohen takes the stand

Trump "arbitrarily" inflated the value of his real estate assets, Cohen testified Tuesday

The Guardian - UK

Remote employees ‘don’t work as hard’, says head of world’s biggest commercial landlord

Steve Schwarzman of the Blackstone group said staff want to work from home so they can save money

The Independent UK

Mapped: The most and least affordable places to rent in the UK

Almost half of monthly income in some households spent on even ‘lower-priced rents’ in capital

Evening Standard

London workspaces: Landsec's Marcus Geddes on Lucent, demand and if five-day office week will return

Sat behind the capital's most famous advertising board, Marcus Geddes sounds confident that property giant Landsec will have no trouble lining up a tenant for the last remaining floor of office space at Lucent, a large West End island site that has undergone a major redevelopment and is home to…

WEKU

To tackle homelessness faster, LA has a kind of real estate agency for the unhoused

A Los Angeles program aggressively scouts vacant units and lobbies landlords in one of the country's tightest real estate markets. Some landlords offer up units even before putting them on the market.

Evening Standard

Revealed: the five cheapest postcodes to rent a room in London right now

Looking to find a spot in a house-share that won't bankrupt you or leave you with a 90-minute commute? Check out these areas where typical costs are under £775 per month

The Guardian - US

From loyal Trump lawyer to his mortal enemy: who is Michael Cohen?

Once the ‘guy who would take a bullet’ for the ex-president, the 57-year-old is now a key witness in the New York fraud trial

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