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The Latest Breaking News on Real Estate

A packed Baltimore trolley illustrates the ups and downs of US public transit

Since the 1940s, there has been a broad shift away from public transit across the U.S., and service has declined in many cities, including New York, Boston, Denver, Orlando and St. Louis. A look back at the last national mass transit boom helps explain the challenges that confront modern transit…

The Conversation

Nine of the hottest houseboats in London on the market now — from £150,000 to £1.8 million

Alternative lifestyle or property market cheat code? Life on the water looks tempting indeed as London heats up

Evening Standard

Housebuilder says UK consumer confidence has returned amid cheaper mortgage rates

Bellway also cites easing of inflation as factor in company exceeding construction target for past year

The Guardian - UK

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Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan

Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance

The Independent UK

Falling mortgage rates fuelling housing demand after tougher year, Bellway says

The firm said it was optimistic about the future of the property market despite a 30% drop in the number of homes it sold over the past year.

The Independent UK

Move on in: Lochinvar Ridge estate launches new homes to market from $885k

The four-bedroom houses are priced from $885k to $925k.

Newcastle Herald

Property market picking up in smaller capital cities

REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.

AAP

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Scripps Sees Progress Towards Selling Off Bounce TV Network

Company reports $13 million loss for second quarter

Broadcasting & Cable

YIMBYism is the Ultimate Localism

If you want "local control" of land use, the best way to do it is let property owners decide how to use their property for themselves.

Reason

Mortgage Rates Drop to Lowest Level Since April 2023. Should You Refinance?

Mortgage rates drop to 6.34%, the lowest level they've been in over a year.

Kiplinger

Australian employers want staff in the office - but for many workers home is where the heart is

Ambiguous government directive sends officials into tailspin and highlights employer-worker divide

The Guardian - AU

Riots contribute to 4.8% drop in footfall on UK high streets

This week’s fall blamed on looting fears that kept people stay away from shops as North of England worst hit

The Guardian - UK

Homeowners race to refinance as mortgage rates retreat from 23-year highs

A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments

The Independent UK

Repossession claims in England and Wales at highest in five years

Both bank and landlord cases rise but remain below pre-Covid levels, despite tough cycle of interest rate rises

The Guardian - UK

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Evening Standard

Leading London property chiefs see revival in office investment

Derwent London and Savills chiefs expect to see activity return by the year end

The Independent UK

31% annual jump in homeowner repossessions in second quarter of 2024

While many households remain under pressure, the challenges of higher rates and the cost-of-living have started to ease, UK Finance said.

The Guardian - UK

Persimmon ups housebuilding forecast amid optimism over Labour plans

Builder also says outlook for house sales improving as consumer confidence returns after interest rate cut

Newcastle Herald

Windfall for sellers of Belmont coastal renovation documented on Instagram

The owners tripled the price of the property.

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news in one place.

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The Conversation

Australia needs permanent supportive housing to end homelessness – and it will pay for itself

Australia needs to provide permanent supportive housing for many reasons. The most compelling reason is simple: it permanently ends homelessness for our most marginalised citizens.

Newcastle Herald

Hundreds of new homes slated for Williamtown PFAS contamination zone

New housing earmarked for Williamtown Red Zone at Fullerton Cove.

StockNews.com

3 High-Potential REITs for Real Estate Investors

REITs provide investors with the advantages of real estate ownership without the burden of managing properties. It could be wise to explore investments in robust REITs such as American Tower Corp (AMT), Simon Property Group (SPG), and Gaming and Leisure Properties (GLPI) for real estate investors. Keep reading….

The Guardian - AU

A Reserve Bank cut is on the cards by the end of the year – but the property price nightmare is set to worsen

It is essentially impossible to repay a home loan if you are an average household

Evening Standard

How we buy in London now: Londoners at three price points share their journey on the property ladder

Each property sale has its own story. From terrifying pitfalls to magical endings, three sets of London buyers share their experiences

The Guardian - UK

UK house prices ‘to rise through rest of year’ after jump in July

Halifax says average property price in July was £291,268 as lower mortgage rates expected to lead growth

The Independent UK

Average UK house prices rise more than expected

Annual growth rose to 2.3%, the highest rate since the start of this year

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