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The Latest Breaking News on Real Estate

‘It’s a bloodbath’: the UK homeowners on variable rate mortgages

As the cost of borrowing rises again, we speak to some of the 1.4m people on variable rates dreading the effects

The Guardian - UK

Affordable housing should be in all Chicago neighborhoods

Someone who needs a subsidy to live affordably should have just as many options of where to live as someone who does not. You cannot build affordable housing only where it’s cheapest, or where people will protest the least.

Chicago Sun-Times

The Magic Mortgage Rate Number to Tip the Housing Market

A new survey from Zillow found the “mortgage rate tipping point” at which homeowners are likely to sell their homes. Hint: It's above 5%.

Kiplinger

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read the most diverse news in one place.

Australian house prices look set to rise despite the rate hikes. This isn’t great given how expensive they already are

Existing mortgage holders are likely to be spared more interest rate rises after the latest RBA meeting, but first home buyers will find the task ever more difficult

The Guardian - AU

Montana Property Tax Rebates and Other Relief for Homeowners

Here’s everything you need to know about Montana property tax rebates and long-term tax relief.

Kiplinger

Sunak claims ‘light at end of tunnel’ on inflation as Bank of England set to raise rates again

His comments came as the Bank of England prepared to hike interest rates to the highest level since February 2008

The Independent UK

Rishi Sunak tells father-of-four facing huge mortgage payments to 'talk to bank'

THE Prime Minister told a father-of-four facing a huge hike in his mortgage payments to simply “talk to your bank” ...

The National (Scotland)

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Rising UK interest rates force homebuyers to take on longer mortgages

Builder Taylor Wimpey says Bank of England stance has weakened housing market

The Guardian - UK

Advocates question Queensland’s ability to deliver on ambitious affordable homes plan

Qcoss says more details needed as to how state can ensure 20% of around 900,000 proposed new homes will be affordable

The Guardian - AU

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

The Independent UK

How Much Can You Make Renting Your Home?

With rising interest rates curbing the housing boom, have you thought about renting out your property instead? Here's what to consider.

Kiplinger

Homes proposal a ‘bid to line Duke of Northumberland’s pockets’, inquiry told

Northumberland Estates says its plans would help provide an income stream for conservation works to Syon House.

The Independent UK

Homelessness in England has reached record levels – here's why, and how to fix it

Record numbers of people are living in temporary accommodation in England, according to the UK government’s latest reported figures. Statistics on statutory homelessness show that in March 2023, 104,510 households – including over 131,000 children – were living in hotels, hostels, B&Bs and the like.

The Conversation

Princess Catherine's tough struggle at her and Prince William's £750 per month starter home

Princess Catherine and Prince William shared a Welsh cottage when they first welcomed Prince George

Woman & Home

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The Hindu

Airport Metro design to be tweaked in view of rapid growth en route

HAML is re-designing the RGIA metro to accommodate new ridership due to rapid real estate development. It is also exploring various funding options for the 278-km 8 metro extension corridors & 4 ORR corridors.

Evening Standard

Plans for major upgrade at Stratford Station revealed

The work follows increasing concerns about the future capacity of the east London station and overcrowding

The Independent UK

Mapped: Areas in UK facing sharpest drop in house prices

Prices continue to fall amid sky-high mortgage costs and stubborn inflation

WhatToWatch

Coronation Street spoilers: Gemma Winter CHEATS on Chesney?

Airs at 8:00pm on Wednesday 9th August 2023 on ITV1.

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Evening Standard

‘Soft landing’ for house prices is still possible, Nationwide says

The average cost of a home in the UK dipped 0.2% to £260,828 in July

Evening Standard

UK house prices fall at fastest annual rate for 14 years

The price of a typical home is now 4.5 per cent below the August 2022 peak

The Guardian - UK

UK house prices fall at fastest rate since 2009 after interest rate rises

Nationwide says cost of a typical home is £260,828 after 3.8% year-on-year drop in July

The Guardian - UK

UK recession fears swirl as factory output falls and house prices slide – as it happened

Nationwide reports average house prices fell 3.8% in year to July, biggest annual drop in 14 years, while manufacturers suffer worst month of 2023

The Independent UK

Recession fears as house prices slump and manufacturers suffer worst month since lockdown

Price of a typical home is now 4.5 per cent below the August 2022 peak

The Independent UK

UK house prices fall at fastest annual rate in 14 years

The price of a typical home is now 4.5% below the August 2022 peak, Nationwide Building Society said.

The Guardian - AU

RBA interest rates: Australian borrowers given reprieve as Reserve Bank pauses again

The RBA has left the official cash rate on hold at 4.1%, the highest level since 2012, in line with investors’ expectations

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