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The Latest Breaking News on Real Estate

In Hawaii, concerns over 'climate gentrification' rise after devastating Maui fires

The fires that broke out on Maui last week have exacerbated Hawaii’s housing crisis as more than more than 3,000 buildings in Lahaina were damaged or destroyed, leaving many wondering if homeowners can afford to rebuild

The Independent UK

Average long-term US mortgage rate climbs to highest level in more than 20 years

Mortgage buyer Freddie Mac said the average rate on the benchmark 30-year home loan rose to 7.09% — a year ago, the rate averaged 5.13%.

Chicago Sun-Times

New allegations against Ken Paxton raise stakes for early votes in impeachment trial

Before 30 senators take on their role as impeachment trial jurors, they face a series of momentous decisions on whether to dismiss the charges as requested by the attorney general.

The Texas Tribune

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Mayoral allies nearing compromise on plan to raise tax on higher-end home sales, but office building owners still not buying in

The compromise that Chicago voters will be asked to approve in a binding referendum in March is the one that now former Housing Commissioner Marisa Novara floated last month. The changes are expected to reduce the annual revenue by $20 million — from $160 million to $140 million.

Chicago Sun-Times

Mortgage rates just hit their highest since 2002

The average cost of a 30-year fixed-rate mortgage jumped to 7.09% this week, the highest in over two decades. Rising interest rates have put homes out of reach for many would-be buyers.

WEKU

Green shoots emerging in uncertain property market

Oyster says imported concerns have proved overbaked in New Zealand.

Newsroom.co.nz

Rising number of landlords struggling with mortgage payments due to interest rate hikes

The number of landlords falling behind on mortgage payments has risen by a third over the summer amid a streak of interest rate hikes, new figures have shown.

Evening Standard

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Punchy price drops: nine London homes for sale after reductions of a fifth or more

With more than half of homes in London sold after a reduction, discounts are de rigeur

Evening Standard

Three Asset Classes Delaware Statutory Trust Investors Should Avoid

While all real estate investing has its risks, student housing, senior care facilities and hospitality properties face extra challenges.

Kiplinger

‘Out of reach’: median home price in Los Angeles nears $1m

House prices have increased more than 30% in five years in the state’s largest city, which has at least 50,000 people living outside

The Guardian - US

China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

The Independent UK

New accusations: Ken Paxton used burner phone, secret email account, fake Uber name to hide ties to Nate Paul

After Paxton’s lawyers sought to dismiss articles of impeachment as unsubstantiated, House managers responded by accusing the suspended attorney general of going to great lengths to cover up his relationship to the real estate investor.

The Texas Tribune

Housing for all: On scheme to help the urban poor build houses in cities

There needs to be a fool-proof scheme so that ‘housing for all’ no longer remains a slogan but becomes a reality in the tangible future

The Hindu

Why Investors Are Buying Up Shares in These 3 Industrial Stocks?

The building materials industry is well-positioned for solid growth, primarily due to the substantial investments to improve infrastructure and the increasing demand for new homes. So, should you add industrial stocks Owens Corning (OC), Apogee Enterprises (APOG), and Quanex Building Products (NX) to your portfolio now? Keep reading.

StockNews.com

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The Independent UK

London house prices fall, with rest of UK ‘doomed to follow’ as inflation cools

UK house price inflation slowed to 1.7% in June, according to official data.

Evening Standard

London’s dedicated student housing shortage laid bare in new research

Around four students are chasing every purpose built room in London amid a shortage of accommodation, new research has revealed.

Evening Standard

New, future-proofed retirement homes — from rural idylls to high-end city flats

Seniors are facing a housing crisis of their own, but these new-build retirement properties can offer a new lease on life

Kiplinger

REITs Unveiled: A Comprehensive Guide for Investors

Real estate investment trusts, or REITs, are great for diversifying your portfolio and earning regular income. Explore their benefits and risks here.

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news in one place.

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Evening Standard

House prices still rising everywhere except London, official statistics reveal

UK house prices defied expectations of a crash, but prices are on their way down in London

Newcastle Herald

Mayfield apartment development plans herald boom time for Maitland Road

The Mayfield corridor is poised to mirror Brunker Road at Adamstown.

The Guardian - AU

National cabinet agrees to build 1.2m new homes in bid to tackle housing crisis

Albanese announces ‘new home bonus’ of up to $3bn for states and territories but continues to reject Greens calls for rent freeze

The Conversation

View from The Hill: Albanese unveils boosted housing target and incentive payments ahead of Labor national conference

Prime Minister Anthony Albanese has announced $3 billion in incentives for states and territories and a boosted target for the number of homes to be built, in a package aimed at alleviating Australia’s housing crisis.

Evening Standard

Landlord who packed 40 tenants in four-bed Wembley home given first ever Brent Council banning order

He was fined five years ago after council officers found dozens of people crammed into an unsafe four-bedroom home

Evening Standard

Five tricks to surviving the remortgage hell of 2023, from using a broker to reading the small print

As owners anxiously count down the days until their fixed term ends, here’s how to best avoid the scarily high standard variable rate

The Conversation

Even in a housing crisis, Australians can’t get enough of renovation stories on TV. Why?

The Block has begun its 19th season this month, billed as “a Block that’s entirely relatable to people right around Australia”. This year, contestants renovate five “authentic ’50s dream homes” in “the perfectly named Charming Street, in Melbourne’s Hampton East”.

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