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The Latest Breaking News on Real Estate

‘Vast’ growth in value of England rentals since 1990 would have built 3m council homes

Exclusive: Private rentals have grown £400bn in value – making a mockery of landlords’ demands for tax cuts, say campaigners

The Guardian - UK

NIMBYism in Sydney is leading to racist outcomes

Residents of the affluent east and north of Greater Sydney have strongly resisted housing development in their suburbs. This NIMBY (Not In My Back Yard) resistance has led to urban sprawl in areas of Western Sydney with a well-documented lack of services, infrastructure and jobs.

The Conversation

Powerball jackpot estimate climbs to third-highest payout. What can the winner afford to buy?

The valuation for Sotheby’s International Realty’s priciest Los Angeles home — a 10-bedroom, 8,484 square-foot Southern style mansion located on 1.2 acres of Beverly Hills real estate — is $45 million, as of Monday afternoon.

Los Angeles Times

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Jury selection starts in Michael Cohen’s case against the Trump Organization

Jury selection got underway in Manhattan Monday in Michael Cohen’s lawsuit against the Trump Organization, in which the former president’s one-time fixer is demanding over $1 million in lawyers’ fees incurred in the years since their fallout.

Tribune News Service

Economy could slow more than the Reserve Bank expected, latest RBA minutes reveal

Bank left cash rate unchanged in July and meeting minutes state squeeze on households means consumption could slow ‘more sharply than implied by the current forecasts’

The Guardian - AU

‘Soul-crushing’: converted Bay Area office apartment fail goes viral

Turning offices to residences is touted as a housing fix for a work-from-home era, but a $520,000 listing takes the brief too literally

The Guardian - US

Rex Heuermann’s string of car crash lawsuits and tax issues revealed after Gilgo Beach murders arrest

Heuermann has filed at least four suits claiming to have been hit by vehicles in New York state

The Independent UK

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Growth fears, expiring fixed rates fuelled RBA's pause

The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.

AAP

Ariana Grande and husband Dalton Gomez reportedly separate after two years of marriage

‘Wicked’ star was spotted without her wedding ring at Wimbledon 2023

The Independent UK

Chicago aims to turn Diplomat Motel into ‘healthy housing’ for homeless people — with much more than a roof overhead

Chicago officials are closing in on plans to transform a budget motel along North Lincoln Avenue into a housing pilot that would provide on-site substance abuse and mental health treatment — part of the city’s long-term efforts to combat chronic homelessness by pairing temporary shelter with intensive health care.

Chicago Tribune

Commentary: More money, same problems: My fellow California Democrats keep repeating this mistake

The California Legislature is poised to begin its summer recess having passed the latest state budget. The $310 billion plan is a reflection of our values, dedicating spending to getting homeless people off the street, supporting schools, keeping public transit afloat and treating mental illness. As a member of the…

Los Angeles Times

LSGD amends order requiring ex-service persons to submit annual affidavits for building tax exemption

The Local Self-Governments department has amended an earlier order directing ex-service persons or widows of ex-service persons to submit affidavits annually to get property tax exemption, following several complaints that many lost out on the benefit due to the rule. As per the amendment, they need to resubmit applications only…

The Hindu

Where to Rent: These Are the Most In-Demand Cities in the US

Want to know where to rent? Here are the cities that gained popularity in June.

Kiplinger

House prices: average asking prices fall by £905 as interest rate rises hit buyer affordability

Rising mortgage rates are biting, while rents on new lets reached a record high in June

Evening Standard

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The Guardian - UK

UK housing slowdown hits market confidence as asking prices fall

Homeowners’ worries are affecting national mood, poll shows, as figures reveal small drop in prices

Evening Standard

Renting in London: the desperate battle to rent homes in the capital’s hottest district

Prices are soaring for would-be tenants in this south-west London borough — and people are making ever-snappier decisions

Newsroom.co.nz

National plans to let students dig into KiwiSaver for flat bonds

National is promising students a way through the price shocks of flat life, but they’ll have to dig into their own savings to do so.

The Independent UK

Average price tag on a home fell by £905 in July – Rightmove

Rising mortgage rates are biting, according to Rightmove, as a separate report from Hamptons said rents on new lets reached a record high in June.

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AAP

First female RBA governor to bring 'reform agenda'

The incoming governor of the Reserve Bank, Michele Bullock, will have a full plate overhauling the major institution and laying out new ground rules.

AAP

WA to stand alone in keeping no-fault evictions

WA Premier Roger Cook has suggested banning no-fault evictions would put an unnecessary burden on landlords as a fifth state promises to outlaw the practice.

AAP

'I have a mountain of respect' for Lowe: Treasurer

Treasurer Jim Chalmers is unable to say if inflation can come back down without a rise in unemployment but declined to comment on the RBA's July rate decision.

The Guardian - US

Florida rocked by home insurance crisis: ‘I may have to sell up and move’

Soaring hurricane-cover premiums are bad news for the state’s homeowners – and Ron DeSantis is accused of dragging his feet

Tribune News Service

Conor Sen: Maine is the new Florida for climate migrants

Millions of Americans have moved to the Southeast over the past few years, bringing immense wealth and transforming real estate markets in places like the suburbs of Dallas and Atlanta. This Sun Belt migration has created a longer-term opportunity in parts of the north as well.It's long been common for…

Chicago Sun-Times

Vacant houses in Englewood are priced as low as $5,000 to provide ‘equity’ to potential homebuyers

The Cook County Land Bank Authority is piloting a program to make homeownership more attainable in Englewood, where the majority of the organization’s vacant homes are located.

Tribune News Service

Accused Gilgo Beach serial killer Rex Heuermann pleads not guilty to three murders

NEW YORK -- Long Island architect Rex Heuermann pleaded not guilty Friday afternoon to charges of killing three women in the long-unsolved Gilgo Beach murders — a brutal spree that fascinated and horrified New Yorkers for more than a decade.

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