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The Latest Breaking News on Real Estate

UK ‘mortgage meltdown’ looms amid ‘terrifying’ growth in arrears

Jump in borrowers unable to make payments with landlords particularly hit and ‘worse to come’

The Guardian - UK

Trinamool MP Nusrat Jahan quizzed by ED in real estate fraud case

MP Nusrat Jahan questioned by ED in real estate fraud case; CBI steps up Narada sting videos probe. Trinamool Congress leaders accused of taking cash on camera before 2016 Assembly polls in West Bengal. MP denies allegations, claims she resigned from company in 2017 and repaid loan with interest. CBI…

The Hindu

We will bridge gap for tenants at end of rent cap, says Patrick Harvie

The end of the emergency rent cap will not lead to an “immediate cliff edge” for private tenants, the minister responsible for the legislation…

The National (Scotland)

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Paxton trial, Sept. 12: Whistleblower says he feared Paxton had “turned over” his office to donor

A Paxton whistleblower testified that the attorney general took an unusual interest in Nate Paul’s litigation against a charity in 2020. Another said Paul benefited from an opinion on foreclosures.

The Texas Tribune

Wellington divided as Peter Jackson land purchase halts housing plan

Controversial development proposed in New Zealand capital, which faces a housing crisis, scrapped after film-maker purchased block of land

The Guardian - AU

Stock of the Week Under $10: Heritage Global (HGBL)

The POWR Ratings points the way once again to a stellar opportunity for a stock under $10 with tremendous upside potential. This time around its with Heritage Global (HGBL). Read on below for the full story.

StockNews.com

Student housing crisis: Municipal bylaws have created roadblocks for decades

University and college students have become a flashpoint in Canada’s national housing crisis.

The Conversation

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Paxton empathized with Nate Paul’s distrust of law enforcement because of his own indictment, whistleblower testifies

Mark Penley testified that Paxton made numerous negative comments about the Texas Department of Public Safety because of his 2015 securities fraud case. “He doesn’t trust the [DPS] director and he feels like they ran a corrupt investigation on him,” he said.

The Texas Tribune

‘Alternative ways of funding repairs’ should be considered for Syon House estate

Members of the public have hailed the site as ‘a bedrock in our community’.

The Independent UK

Churches, mosques and synagogues should house migrants

Another idea from a reader: Use empty office space for asylum seekers.

Chicago Sun-Times

Bank policymaker warns pausing UK interest rate hikes could ’embed’ inflation

Catherine Mann, who is a member of the Bank’s Monetary Policy Committee, said she would rather ‘err on the side of over-tightening’ monetary policy.

The Independent UK

Quid Pro Quo case of Inner Ring Road alignment: Chandrababu Naidu named accused-1 by Andhra Pradesh CID

HYDERABAD: What is the Amaravati capital city Inner Ring Road scam in which former Chief Minister N. Chandrababu Naidu is named accused-1? Naidu, his son Nara Lokesh, and ex-Minister P. Narayana are accused of changing the alignment in favour of Lingameneni Estates, a real estate company, and diverting the IRR,…

The Times of India

Here’s How Much Money People Need Just To ‘Get By’ In Each US State Via Salary

The salary required to "get by" is vastly different depending on which state the people live in.

Zenger

Renting vs buying in London: rents set to rise twice as fast as house prices by 2026

Across Britain, rents could rise by 25 per cent over a four-year period, compared with 5.5 per cent growth in house prices

Evening Standard

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The Guardian - UK

UK building group Vistry to focus solely on social housing

Streamlining operations will result in some job cuts while investors will receive £1bn over next three years

Chicago Sun-Times

Winner picked for Pershing Road project; plans would reinvent an industrial colossus

City planning officials have agreed to work with IBT Group on redeveloping properties that are part of the Central Manufacturing District.

The Texas Tribune

Paxton trial, Sept. 11: Whistleblower says political donor acted like he was the “real boss” of AG’s office

One whistleblower testified that Ken Paxton didn’t trust law enforcement after his own securities fraud indictment. Senators could begin deliberating the impeachment charges later this week.

Evening Standard

London planning approvals lowest since 2010 as red tape and interest rates suppress housebuilding

New home applications submitted and granted, as well as construction starts, totalled just 21,918 in the first half of 2023

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news in one place.

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Al Jazeera

Thailand’s Srettha pledges urgent action to tackle ‘sick economy’

New prime minister promises to hand out cash, reduce energy prices and boost tourism to stimulate sluggish economy.

Evening Standard

Housebuilder Vistry to cut jobs as it focuses solely on affordable housing partnerships

Vistry posted resilient first-half results, mainly thanks to the strength of its affordable housing partnership divisions

The Guardian - AU

Afternoon Update: Labor and Greens strike housing deal; NSW police ready to assist on Luis Rubiales; and three stars for Neighbours return

Greens agree to support Labor legislation after securing an additional $3bn in immediate funding for public and community housing

The Independent UK

Thailand's new prime minister tells Parliament his government will urgently tackle economic woes

Thailand’s new Prime Minister Srettha Thavisin has vowed to act quickly to relieve the country’s economic problems in his inaugural speech to Parliament

The Conversation

Government provides another $1 billion to finally win Greens' support for long-delayed housing bill

The government has provided another $1 billion for public and community housing to secure a deal with the Greens to finally pass the Housing Australia Future Fund.

Chicago Sun-Times

Horoscope for Monday, September 11, 2023

There are no restrictions to shopping or important decisions. The moon is in Leo.

The Guardian - AU

Greens agree to support Labor’s $10bn housing fund, breaking months-long impasse

Greens leader Adam Bandt and housing spokesperson Max Chandler-Mather say minor party will now support Housing Australia Future Fund

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