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The Latest Breaking News on Real Estate

Developers have Black families fighting to maintain property and history

All along the booming South Carolina coast, developers looking to profit on vacation getaways and new homes are targeting land owned by the descendants of enslaved people

The Independent UK

Horoscope for Saturday, August 12, 2023

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

Chicago Sun-Times

What Is an Earnest Money Deposit?

An earnest money deposit, paid before you close on a home, is meant to show the buyer you're serious. How much is it, and can you lose it?

Kiplinger

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Alabama Senator Tommy Tuberville no longer owns property in the state he represents, report says

Property records show that the senator has owned a home in Santa Rosa Beach, Florida, for two decades

The Independent UK

OPINION - Help! I’m a Guppie: an under-40 who’s given up on buying a house

Next month, I move into my fourth flatshare in seven years. It’s not what I pictured when I imagined life at 30 (four days left of my twenties, please send reassuring tales of thriving and getting increasingly flirty), but what’s the alternative? Leave my job and friends in London just…

Evening Standard

City bets on fresh Bank of England interest rate hike as GDP leap beats forecast

The interest rates outlook will become clearer when the ONS reveals the latest wages and inflation data next week

Evening Standard

Interest rates: more ‘trauma’ for households

“If it isn’t hurting it isn’t working.” That was the message from then-chancellor John Major in 1989 during a previous period when interest rate rises were used to tackle high inflation, said Larry Elliott in The Guardian.

The Week

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How can renters looking for a new home give themselves a head start right now?

As renters are being squeezed by strong competition and rising rents, Vicky Shaw finds out what they can do to help get ahead.

The Independent UK

Philip Lowe’s final inquisition leaves out some tough questions

More scrutiny of the outgoing RBA governor’s views on interest rates, profit-gouging and rent controls would have been welcome at his final appearance before parliament

The Guardian - AU

‘Stump up £2.2bn or London house building could grind to a halt’, Sadiq Khan tells Michael Gove

Sadiq Khan issues stark warning that capital’s housing crisis will worsen without £2.2bn in Government funding as developers down tools

Evening Standard

Country Garden’s losses fan worst fears on China property market

BEIJING: Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese developer is on the brink.

The Times of India

Federal grand jury reportedly calls witnesses related to Ken Paxton

The Austin American-Statesman reported that the grand jury has been convened in San Antonio. The identities of the witnesses and the focus of the inquiry remain unclear.

The Texas Tribune

Chicagoans dream of relocating to this coastal city in Florida, according to Redfin

Located in southwest Florida, Cape Coral boasts an intricate network of canals that stretches 400 miles and lush golf courses.

Chicago Sun-Times

Michael Williams obituary

Other lives: Labour housing councillor for almost 20 years who championed tenants in the London borough of Wandsworth

The Guardian - UK

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Evening Standard

Scammers face prison after charging £128k for £12k of building works

The scammers’ victim was said to have been “drained of her life savings”

The Hindu

Kovaipudur all set to emerge as a calm, pollution-free residential area in Coimbatore

Kovaipudur, Coimbatore is set to become an ideal residential area with ample land parcels, Western Bypass Road, ring road, social infra, educational institutions, and culture of excellence. It offers opportunities for investments in sectors such as education, healthcare, retirement, and housing.

The Independent UK

Average long-term US mortgage rate climbs to 6.96% this week, matching highest level this year

The average long-term U.S. mortgage rate rose this week to just under 7%, the latest setback for would-be homebuyers already facing affordability challenges due to a housing market limited by a shortage of homes for sale

Al Jazeera

US, UK and Canada sanction Lebanon’s former central bank governor

Internationally wanted Riad Salameh resigned from post he held for 30 years after graft charges were filed against him.

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news in one place.

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The Guardian - AU

NSW minister concedes social housing situation ‘desperate’ as waitlist for most in need doubles in a decade

Exclusive: Rose Jackson announces monthly release of social housing data, with first tranche showing ‘priority’ applications soaring

The Guardian - UK

No-fault eviction proceedings hit highest level for six years in England

Campaigners say the 7,491 claims between April and June show why renters reform bill must become law

The Independent UK

US, UK, and Canada sanction Lebanon's former central bank governor over corruption allegations

The United States, United Kingdom, and Canada have slapped sanctions on Lebanon’s embattled ex-central bank governor and a handful of close relatives and associates over allegations of corruption

StockNews.com

Which of These 3 Retail REITs Should You Buy, Sell, or Hold?

With the reliability of rental income, the ability to diversify against market volatility, and the potential for real estate appreciation to hedge against inflation, REITs emerge as resilient investment options. With that in mind, let us analyze which of the leading retail REITs, Saul Centers (BFS), Alexander’s (ALX), and Reality…

The Independent UK

Jump in homeowners and landlords falling into arrears on mortgages

Mortgages in arrears accounted for 0.93% of all homeowner mortgages outstanding and 0.44% of all buy-to-let mortgages in the second quarter of 2023.

The Guardian - UK

Housebuilder Persimmon cuts almost 300 jobs after drop in demand

Company to push ahead with cost-cutting drive as fallout from government’s autumn mini-budget takes toll

The Guardian - UK

UK house price falls spread; Wilko falls into administration; US inflation rises to 3.2% – as it happened

RICS house price balance drops again … as more mortgage holders fall into arrears and Wilko takes ‘difficult decision’ to enter administration

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