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The Latest Breaking News on Real Estate

These 7 California metro areas have the lowest young adult homeownership rates in the country

So you’re in your late 20’s or early 30’s, and you’re thinking about buying your first home somewhere in California. You scroll through housing websites and realize that you can’t afford a single listing.

Tribune News Service

How do you buy a home with little or no credit? Turn rent payments into credit score points

Zhiqiang Su, 50, and Yuping Liang, 50, moved from China to Chicago in 2020, seeking a life with better education opportunities for their now 21-year-old daughter and more freedom.

Chicago Tribune

Family-owned business makes £10k donation to pioneering project rehoming refugees

A Glasgow charity whose pioneering project to rehome displaced people has been running for over 20 years is being given £10,000 by one of the…

The National (Scotland)

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Overseas-owned London homes forecast to climb over coming year

The estimated value of homes owned by foreign buyers in London stands at £55.2 billion

Evening Standard

Bank of England in interest rate rise dilemma after cloudy GDP picture

There was something in the data for both the doves and the hawks on the Monetary Policy Committee

Evening Standard

Bank of England in interest rate rise dilemma after mixed GDP picture

There was something in the data for both the doves and the hawks on the Monetary Policy Committee

Evening Standard

House prices drop for Barratt Developments as rate hikes cause exodus of first time buyers

Average selling prices down 9% to £342, 900 and reservations from new mortgage holders down almost half

Evening Standard

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UK GDP: mortgage payers’ worst fears are likely to come true

Cycle of interest rate rises are expected to continue after better than forecast economic data

The Guardian - UK

Profits at UK homebuilder Barratt drop as buyer demand slumps

Soaring interest rates and end of help-to-buy scheme blamed for driving away first-time buyers

The Guardian - UK

Campaigners want planning consent quashed for affordable housing scheme on Swansea common land

The 56 homes were given the go-ahead in March this year

Wales Online

Rising mortgage rates put pressure on housing market in Wales

The latest market survey from RICS showed house prices are expected to fall between July and September

Birmingham Post

House prices fall as mortgage rate rise hits home buyer inquiries and sales

The impact of increased mortgage rates is ‘clearly visible’ in housing market metrics, the Royal Institution of Chartered Surveyors said.

The Independent UK

The hidden price of WFH: home-working costs soar as mortgage crisis pushes up the true price of spare rooms

Home workers who paid a premium for a dedicated workspace have been punished by soaring mortgage payments

Evening Standard

Mortgage rates at highest since 2017, Central Bank of Ireland data shows

The average mortgage rate in the Eurozone is 3.70 per cent which is almost three times higher than what it was two years ago

Dublin Live

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The Guardian - UK

Number of would-be homebuyers falls to 8-month low as UK economic anxiety deepens

Survey of estate agents reports growing reluctance among potential homebuyers to make a purchase

Insider UK

Scottish homebuyer enquiries fall and sales expected to flatten

Scottish surveyor outlook slightly less pessimistic than those in other regions of the UK

The Independent UK

Home buyer inquiries, sales and prices fell back in June, say surveyors

The impact of increased mortgage rates is ‘clearly visible’ in housing market metrics, the Royal Institution of Chartered Surveyors said.

Wales Online

Plans for 160 homes on old colliery site in the works

The site was formerly home to the Tirbach colliery, which also included a coal washery facility

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Chronicle Live

Extra £20m in levelling up funds pledged to improve Blyth's 'appalling' housing stock

The money is on top of the £70m already pledged as part of the Energising Blyth programme

Wales Online

How a Bridgend councillor plans to tackle regeneration and the housing crisis in the borough

Developing areas in the valley communities are at the top of the list

Bangkok Post

MQDC, Century R introduce sustainable investment trust

MQDC, a leading property developer, and Century R, a global investment firm and fund management company led by Paul Inthaseni, are jointly establishing an investment trust in Singapore to invest in businesses that develop projects focused on sustainability and eco-friendly innovation.

The Guardian - AU

Where to next for the Australian economy, the RBA – and Philip Lowe?

The Reserve Bank governor will soon find out if his term has been extended – but economic hints from major banks tell a happier story than expected

The Hindu

Building tax Act to be amended to stem revenue loss

The Cabinet has decided to amend the 50-year-old Kerala Building Tax Act, 1973. It found that thousands of buildings, both domicile and commercial, remained outside the tax net due to flawed assessments of levies.

Wales Online

Huge £8m plans to transform eyesore abandoned coke works site into 600 new homes

The Beddau site is currently an eyesore but could be transformed completely

Edinburgh Live

West Lothian reassures householders over concerns about payment office shutting

Council staff have moved to quell concerns about the removal of the rent payment office in Bathgate's Partnership building, highlighting that payments can be made at any shop with a PayPoint service

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