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The Latest Breaking News on Real Estate

Yellen announces efforts to boost housing supply as high prices create crunch

The Biden administration is announcing new steps to increase access to affordable housing

The Independent UK

As more Texans struggle with housing costs, homeownership becoming less attainable

A new housing report from Harvard University found that would-be homebuyers need to make more money than ever if they want to buy a home in Texas’ urban areas.

The Texas Tribune

Typical first-time buyer mortgage payment in London is now £2,393 a month

First-time buyers now face paying £227,757 for a home, rising to more than half a million pounds in London, Rightmove said

Evening Standard

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Rishi Sunak: I'll fire up London with plan to ease housing crisis and boost West End

EXCLUSIVE: Prime Minister speaks to the Evening Standard on how the Tories would get London’s economy thriving

Evening Standard

Woman wins $240k legal action against barrister

A barrister must pay $240,000 that a court found he had borrowed from a woman he befriended after visiting her massage parlour.

AAP

Mortgage of first-time buyer tops £1,000 a month as house prices and rates rise

Average monthly payment has risen by 61% since 2019, pushing borrowers into smaller homes or ultra-long loans

The Guardian - UK

Buying a home now 'beyond hope' for essential workers

Most Queensland nurses, teachers and police officers can no longer afford to buy their own home to live in - even with a dual income.

AAP

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Killing of young Cambodian couple by businessman with honorary title revives concerns about impunity

A court in Cambodia has formally charged a real estate entrepreneur who held a royally bestowed title with the premeditated murder of a young couple in the capital Phnom Penh

The Independent UK

Should Australia recognise housing as a human right? Two crossbenchers are taking up the cause

The Australian Human Rights Commission thinks so, including it in a list of rights that should receive legislative protection

The Guardian - AU

Landlord With Rental Income? See if You Qualify for a 20% Tax Break

Many landlords are eligible to take the 20% tax deduction for qualified business income

Kiplinger

Inflation gauge to offer cold comfort for borrowers

May consumer price data gives the Reserve Bank another glimpse of how interest rate levels are working to bring inflation to heel.

AAP

‘Labour can’t have their cake and eat it’: housing crisis will force party into planning rows

The shadow housing minister’s objection to high-rise flats in his constituency is typical of the dilemmas Keir Starmer, who has pledged to build 1.5m new homes, will face

The Guardian - UK

Barcelona plans to shut all holiday apartments by 2028 to cut housing costs

Barcelona will scrap the licences of the 10,101 apartments currently approved as short-term lets

Evening Standard

Barcelona to ban apartment rentals to tourists in bid to cut housing costs

Spanish city is one of Europe’s top destinations but its popularity has made housing increasingly unaffordable for residents

The Guardian - AU

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The Independent UK

Barcelona reveals plans to scrap holiday rentals by 2028

Over 10,000 apartment owners will be banned from renting to tourists from 2028 under the city’s new plans

Kiplinger

Stock Market Today: Another Down Day for Nvidia Drags on Stocks

The mega-cap chipmaker shed more than 4% this week, creating headwinds for the S&P 500 and Nasdaq.

International Business Times

US Existing Home Sales Fall As Prices Hit Record

Existing home sales in the United States edged lower in May as prices reached a record high on continued tight inventory, according to industry data published on Friday.

The Independent UK

Threatening ‘arson’ stickers appear in Lake District second home protest

Stickers depicting a house going up in flames have been posted near Lake Windermere

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Wallpaper

Hermitage Mews is a net-zero family of homes in London’s Crystal Palace

Hermitage Mews by Gbolade Design Studio is a sustainable residential complex in south London's Crystal Palace, conceived to be green and contextual

Kiplinger

Promising Investable Areas in Commercial Real Estate

Bright spots still exist in CRE, including data centers and multifamily properties.

Evening Standard

Kensington Palace Gardens reopens to cyclists after safety measures installed

Britain’s most expensive residential street was shut over speeding cyclists

Evening Standard

It's still possible to buy a solid family home for £600k without heading to Zone 6 — here are 10 of the best

Skip over the second-stepper flat and instead size up and enjoy more space with one of these appealing family homes

The Independent UK

Gold bars and Sen. Bob Menendez's curiosity about their price takes central role at bribery trial

Prosecutors have shown jurors at Sen. Bob Menendez's trial multiple instances when he researched the value of gold as he tried to help a New Jersey businessman who authorities say bribed him with gold and cash

The Conversation

Plucking numbers from the air: Victoria’s big build for housing relies on impossible targets

The Victorian government this week gave the state’s local councils a gargantuan task: solve the housing crisis by accelerating new housing.

Kiplinger

Stock Market Today: S&P 500, Nasdaq End Lower as Nvidia Sinks

The Dow Jones Industrial Average, on the other hand, closed higher thanks to strength in Salesforce.

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