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The Latest Breaking News on Real Estate

Housing Department outlines goals for affordable housing proposals

Speaking to a crowd Tuesday at the City Club of Chicago, Department of Housing Commissioner Marisa Novara said they are pushing for the creation of affordable housing to serve those on the brink of homelessness.

Chicago Sun-Times

CHA boss gets earful from City Council members

Ald. Jeanette Taylor complained about CHA property managers. “You all need to be looking at these landlords. They love taking vouchers. But they don’t do any upkeep to the building.”

Chicago Sun-Times

Qld bottom of per-capita housing spend

The Queensland government has been accused of failing to plan for a growing population as its social housing spend per person is the lowest in the country.

AAP

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NZ inflation stays red-hot 7.2 per cent

NZ Finance Minister Grant Robertson says 1.4 per cent CPI rise in the December quarter, down from 2.2 per cent in September, suggests inflation has peaked.

AAP

Extra police deployed to tackle Mount Isa youth crime as 30 cars are stolen in one month

Nearly 30 cars are stolen over 30 days in the outback city of Mount Isa as reinforcements are brought in from Townsville to help local police with rising youth crime, and long-time residents are considering moving elsewhere.

ABC News

NI Secretary meets with US special envoy Joe Kennedy III

Chris Heaton-Harris is currently on a five-day trip to Washington, Boston and New York during which he will attempt to drum investment opportunities.

The Independent UK

Montana governor announces ban on ESG considerations in state investments

The office of Montana Gov. Greg Gianforte (R) released the following statement on January 18 announcing that Montana has joined several other states in prohibiting non-financial considerations, including considerations related to ESG, in the state’s investments:

Ballotpedia

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Plans for massive eco Edinburgh student village with shared garden and 'no cars'

The plans would see 112 student residencies erected on the former site of a workshop and yard. The developers hope the transform the area in an eco-friendly space without cars.

Edinburgh Live

DR Horton saw home sales plunge in the winter but expects solid spring selling season

D.R. Horton, the largest homebuilder by volume in the U.S., saw sales orders plunge in the last three months of 2022 because higher interest rates and inflation continued to create affordability challenges for potential buyers.

Tribune News Service

Changes to Sefton HMO rules planned to combat antisocial behaviour

Landlords will have to tell the council how they will manage "nuisance and annoyance"

Liverpool Echo

While people can’t afford to buy, builder constructs thousands of rentals for investors

As potential homebuyers wait for prices and mortgage rates to recede, an Arizona company is moving in to fill the void by buying and renovating rental homes that offer an experience similar to a traditional for-sale subdivision.

Tribune News Service

Seattle to decide on Social Housing Developer initiative on Feb. 14

On Feb. 14, Seattle voters will decide on Initiative 135, an initiative to create the Seattle Social Housing Developer, a public development authority to own, develop, and maintain what the initiative describes as social housing. According to Initiative 135, this housing would provide publicly financed apartments that are “removed from…

Ballotpedia

8 crime-ridden Nottinghamshire alleyways to close after becoming anti-social behaviour hotspots

Any person found entering the alleyways faces a £100 fine

Nottingham Post

Waterfront Midlothian houses rejected over emergency access concerns

The split level houses would have one storey at street level and two more built below on land stretching down to a mill lade

Edinburgh Live

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ABC News

Adelaide real estate prices continue to increase, defying national downward trend

New data shows Adelaide has become the only Australian capital city where real estate prices continue to rise, attracting the eyes of investors.

Evening Standard

House sales drop three per cent in a month as rising mortgage rates impact transactions

The impact of recent increases in mortgage rates may now be being seen in the number of property sales

Manchester Evening News

Tenants could be owed thousands back in rent if landlords break one key rule

Renters may be eligible for a refund of up to 12 months' rent according to UK housing law

Asharq Al-Awsat

Saudi Arabia Inks Agreements, MoUs of $2.66 Bln at Real Estate Future Forum

Saudi Arabia has signed agreements and MoUs of more than 10 billion Saudi riyals ($2.66 billion) to set up four investment funds to develop commercial, tourism and residential projects. A part of the investments will also be made in the field of real estate development and construction techniques. Moreover, Saudi…

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The Independent UK

House sales fell by 3% month-on-month in December, says HMRC

It is thought the impact of recent increases in mortgage rates may now be being seen in the statistics.

Daily Record

Council tenants in Perth and Kinross set to be hit by rent increases as financial pressures grow

A 2.2 per cent rise for 2023/24 is being recommended following a consultation

Evening Standard

First-time buyer: ‘I used shared ownership and switched travel Zone to buy my own London home’

Monthly payments are £200 more than renting in Fulham, but marketing manager Daisy Smith is finding plenty of advantages to owning her own home

Daily Mirror

Scotland dominates list of most affordable postcodes to live in Britain

Consumer advisors GetAgent have compiled data regarding the cheapest and most expensive in Britain to help those looking to get on the property ladder, with Scotland leading the way

Bristol Post

Angry renters campaign directly to letting agents to end bidding war

"We’ve done it before and we’ll keep doing it, until this is a bid-free city in Bristol"

Nottingham Post

'Friendly' Nottinghamshire estate with 'real sense of community' to be expanded with new homes

Rushcliffe Borough Council has passed plans to build 24 more properties at the Lacefields development in Ruddington

Los Angeles Times

Elon Musk justifies his 'funding secured' tweet with a bizarre real estate analogy

How do you know when a "handshake" deal is a done deal?

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