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The Latest Breaking News on Real Estate

Los Angeles City Council Votes To Lower Rent Caps on 650,000 Rent-Stabilized Apartments

The new rules would permit landlords to raise rents by a maximum of 4 percent per year, a decrease from the 8 percent maximum allowable increase under the current rules.

Reason

Foreclosure rates have soared 20% over the last year in latest worrying sign for the economy

Foreclosures remain below historic peaks but the data is a warning sign when paired with larger inflation issues across the economy

The Independent UK

A New Lawsuit Says New York's Rent Law Is Forcing Landlords To Keep Apartments Empty

Landlords argue that rent caps on vacant units prevent them from financing the costs of legally mandated renovations.

Reason

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Dave Ramsey Says To Ask Yourself One Question Before Buying Expensive 'Toys': If You Burned This Money On The Floor, Would Your Life Change?

Before making a big luxury purchase, personal finance expert Dave Ramsey says to pause and ask yourself one simple question: “If we take the amount of money we’re getting ready to blow on this toy and burned it in the middle of the floor, would our life change at all?”…

Benzinga

Irish government announces plan to build 300,000 homes within five years

Proposal includes 72,000 social homes to tackle housing crisis, but critics call it ‘old wine in a new bottle’

The Guardian - UK

London secondary schools numbers set to decline in similar scale to primary school crisis

Experts have warned that schools are having to merge classes and even year groups due to a sharp drop in the capital’s birth rate

Evening Standard

K-Shaped Economy Fuels Luxury Boom: 10 Stocks To Watch Now

A K-shaped U.S. economy—where wealth continues to concentrate at the top while the bottom half struggles—is leaving its mark on American businesses, with luxury and high-end discretionary spending rebounding even as mass-market consumption weakens and consumer sentiment plummets to recessionary levels.

Benzinga

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How can we make the housing crisis even worse? Donald Trump has a plan

A proposal touting 50-year mortgages could double interest payments and worsen inequality

The Guardian - US

‘Are you building communities or just houses?’: human cost of Birmingham council’s plans for Druids Heath estate

Residents say they face being priced out or pushed out as 1,800 properties are demolished – with only a fraction of affordable homes guaranteed

The Guardian - UK

Peabody pulls out of 564-home housing plan for west London

Peabody has pulled out of plans to construct 564 new homes on The Green in Southall citing increased costs and regulation

Evening Standard

Nearly 900,000 New US Homeowners Now Underwater On Mortgages As Home Prices Fall In Florida And Texas

The U.S. housing market is experiencing a worrying trend as nearly 900,000 homeowners find themselves in a precarious position with their mortgages.

Benzinga

Wall Street's Most Accurate Analysts Weigh In On 3 Financial Stocks With Over 10% Dividend Yields

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga

Zohran Mamdani Doubles Down On NYC Affordability Push: Mayor-Elect Says He Has Hard Time Understanding Why People Think It's 'Complicated'

New York City mayor-elect Zohran Mamdani is signaling confidence in his administration's ability to deliver on its affordability agenda, backed by a strong endorsement from his incoming first deputy mayor, Dean Fuleihan.

Benzinga

Building apartment projects near public transit helps address housing crisis, combat climate change

Quantavia Smith, who was often homeless for a decade, now has a studio apartment in Los Angeles with easy access to public transit

The Independent UK

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The Guardian - AU

The 5% first home buyers scheme is a miserable policy failure – and the latest chapter in Australia’s housing disgrace

The government is juicing demand to make houses more expensive for Australians while providing good public housing for … Americans

The Independent UK

Judge declines to dismiss sex trafficking case against real estate brothers

A federal judge says a two-decade pattern of alleged sex trafficking by two luxury real estate brokers and their brother wasn’t “just men behaving badly.”

The Guardian - AU

Morning Mail: new Epstein emails mention Trump, NDIS trials AI process, Liberals face credibility test on climate

Late sex offender said US president ‘spent hours’ at his house with one of his victims; FOI reveals use of machine learning

Marie Claire

Damning New Emails Allege Donald Trump Knew of Jeffrey Epstein’s Conduct

Newly released emails suggest Jeffrey Epstein claimed Donald Trump “knew about the girls.”

Get all your
news in one place.

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The Guardian - AU

Real estate agents may have to include price guides on all NSW listings ‘so buyers don’t waste their time’

Labor could also introduce $110,000 fines for underquoting under proposed laws being considered to crack down on misleading conduct

Benzinga

Opendoor Stock Gains Ground: What's Behind The Recent Momentum?

Opendoor Technologies Inc (NASDAQ:OPEN) shares are trading higher on Wednesday. The CEO of the real estate iBuying platform said he fully supports President Donald Trump’s 50-year mortgage plan, which aims to ease the housing affordability crisis in America.

The Guardian - UK

Peter Archer obituary

Other lives: Housing expert and campaigner who set up Care and Repair England

Benzinga

While 69% of Women Rate Their Financial Literacy As 'Good,' They Are Disproportionately Affected by Financial Stress Compared to Men, Survey Shows

Though 69% of women rate their financial literacy as good, they were more likely than men to report poorer overall financial health, according to the financial wellbeing platform Nudge Global's recent survey. Also, the survey found that nearly twice as many women as men feel ashamed of their finances. And…

Evening Standard

Have faith! How change of use can be the answer to the prayers of London's gloomy developers

The so called ‘Romford Corridor’ illustrates both the obstacles facing traditional development and the unexpected opportunities emerging from adaptive reuse.

Benzinga

Elon Musk Says 'It's Time' To Put Dogecoin On The Moon But It Is Not DOGE That Surges

Tesla (NASDAQ:TSLA) CEO Elon Musk has sent the price of a Solana memecoin surging with an X post rekindling a 2021 Dogecoin promise.

Evening Standard

Huge £3 billion canalside housing scheme in west London gets go ahead

Kensal Canalside will be one of the biggest housing schemes in London with 2,519 new homes

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