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The Latest Breaking News on Real Estate

Gone in two transfers: the email scam that cost Australian homebuyers their life savings

NSW residents Simon Elvins and his wife lost nearly $250,000 to a payment redirection scam – and they are not alone

The Guardian - AU

Fears grow for property sector as WeWork scrambles to stay afloat

As company warns of ‘substantial doubt’ over its future, experts say consequences for commercial landlords could be dire

The Guardian - US

Ken Paxton’s former personal assistant and “second son” a star witness in impeachment probe

Drew Wicker testified that he ferried documents to Nate Paul on behalf of his boss and witnessed conversations that suggested Paul was paying for the attorney general’s home renovations.

The Texas Tribune

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Jain Housing signs MoU with association, to take up repair of flats at Saligramam

Residents of Jains Westminster Saligramam, who have been running from pillar to post in the last few days after a portion of ceiling collapsed in their apartment complex, have signed an MoU with Jain Housing, the developer of the property.

The Hindu

Texas GOP pushes impeachment of GOP AG

Ken Paxton’s team said there was no evidence to support impeachment. The House published nearly 4,000 pages

Salon

Hyderabad real estate is second most expensive in India

Mumbai occupied the first position with a ratio of 55%, up from 53% last year.

The Hindu

Row as local council sends Murdo Fraser opinion article out to mailing list

A ROW has erupted after a local council sent everyone on its mailing list an opinion piece on the Taymouth Castle development written by Tory MSP…

The National (Scotland)

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I want my property revalued as part of my mortgage renegotiation. Is my bank obliged to do this?

In Australia, banks are covered by the Banking Code of Practice, writes consumer law and policy professional Kat George. Call your bank and remind it of the code

The Guardian - AU

Ken Paxton’s team said there was no evidence to support impeachment. The House published nearly 4,000 pages.

The Senate, which is conducting the trial, published the exhibits Thursday night. House impeachment managers say Paxton abused his office to help friend and political donor Nate Paul.

The Texas Tribune

Estate agents blame Scottish Government as landlords hike rents

A SIGNIFICANT rent gap is emerging between those already in tenancies and those seeking new accommodation, a new report has found.

The National (Scotland)

Is Now the Time to Invest in Realty Income (O)?

Realty Income (O), The Monthly Dividend Company, has a solid record of increasing the dividend more than 120 times since its stock market debut. However, is the stock the right investment now? Let’s analyze some of its key financial metrics to know.

StockNews.com

Poll: One in three London homeowners think they will struggle with mortgage costs in next six months

Mayor Sadiq Khan said the polling further proved the need for Government intervention

Evening Standard

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

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The Texas Tribune

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.

Chicago Sun-Times

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.

WEKU

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.

Newsroom.co.nz

Green shoots emerging in uncertain property market

Oyster says imported concerns have proved overbaked in New Zealand.

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news in one place.

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Evening Standard

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

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

Kiplinger

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.

The Guardian - US

‘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 Independent UK

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 Texas Tribune

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 Hindu

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

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