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The Latest Breaking News on Real Estate

Sadiq Khan is an 'unashamed YIMBY', his housing deputy claims

Deputy mayor Tom Copley chastises ministers for their ‘lack of action’ during a ‘steep nationwide housing downturn’

Evening Standard

'Reckless' move to block housing fix riles NSW premier

A move to stymie the blanket rezoning of land around transport hubs has been branded opposition "NIMBYism" by a premier in the midst of a housing crisis.

AAP

Investigation launched after affordable housing building in $155m project burns to the ground

Pictures taken from the air later showed the large structure completely gutted and still smoking as fire crews remained on the scene

The Independent UK

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Federal Supervised Release Is a Wasteful Mess. A Bipartisan Bill in Congress Is Trying To Fix That.

The Safer Supervision Act would create an off-ramp for those with good behavior to petition to have their supervised release sentences terminated early.

Reason

Is the central London commercial property sector due for a rebound?

City Voices: Prices for large buildings may have swung too far given the strong underlying fundamentals

Evening Standard

Why the Attack on 1031 Exchanges Is Likely to Fail (Again)

President Biden proposed the same cap on capital gains taxes last year, and it went nowhere. This year will probably be the same, but just in case, here’s what you can do.

Kiplinger

Homelessness charity enters administration after dispute with property fund landlord

Noble Tree Foundation withheld rent from Home Reit, some of whose homes it claimed were ‘unfit to live in’

The Guardian - UK

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Grant Cardone And Barbara Corcoran: Savings Alone Won't Bring Wealth, Here's What To Do Instead

Is fear holding you back from wealth? Barbara Corcoran and Grant Cardone say invest for cash flow, not just savings.

International Business Times UK

The seven expert tips for selling your home quickly and for the best price

There are three stages to sale: preparation, promotion and progression

The Independent UK

Zero-down mortgages are back sparking fears of being the new subprime loans which caused the 2008 market crash

Professor Jonathan Adams said the zero-down loan program has “all the features that made subprime bad.”

The Independent UK

Kentucky governor unveils rental housing projects for region still recovering from 2021 tornadoes

Kentucky Gov. Andy Beshear says a rental housing shortage has gnawed at him since the recovery began from a terrifying tornado outbreak that hit western parts of the state in late 2021

The Independent UK

Pickleball’s ‘ultimate ambassador’ took $50 million from investors - who now say they were duped

Rodney “Rocket” Grubbs said in court filings that he currently owes his investors a total of $47.5m, including interest.

The Independent UK

21% of new first-time buyers stretch mortgage terms for more than 35 years

The trend of longer-term mortgages is ‘further evidence of the ongoing affordability crunch’, according to UK Finance’s Household Finance Review.

The Independent UK

Texas legislators want to help property owners deal with squatters. But the changes could affect tenants.

Housing advocates say Texas laws fall short when it comes to property trespassers but they warn changes could worsen the state’s evictions crisis.

The Texas Tribune

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The Guardian - AU

Two broken gas meters in seven months before deadly Sydney house explosion at Whalan

Investigation under way into cause of explosion at social housing complex in Sydney’s west that left one woman dead

International Business Times

Homeowners And Housebuilders Pin Hopes On ECB Rates Cut

In the west Frankfurt suburbs on a plot wedged between a motorway and a wooded park, excavators are preparing the ground for 400 new apartments.

Evening Standard

London leavers: 'We sold our home in Northolt to build our own house on a £209k plot of land in Oxfordshire'

Bart and Klaudia Wilczynski estimate their self-build project is now worth £900,000

The Conversation

The housing crisis hit Queensland hard. Jolted into action, the state has raised its game

Post-COVID housing stress has been especially intense in Queensland. Brisbane property prices have climbed by 65% since the pandemic began. That’s almost double the Australian capital city average (34%).

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news in one place.

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Crikey

Convicted felon Donald Trump faces Australia travel ban

His conviction also means he’s barred from sitting on a jury… and teaching English in South Korea.

AAP

Treasury boss backs the young to navigate housing mess

The ever-increasing cost of housing is one of the big challenges facing young people but their future is not bleak, the Treasury secretary says.

The Independent UK

The five states where house prices are rising fastest - and the one area where they’re falling

Vermont has seen the value of properties increase by almost 13 percent year-on-year, writes Mike Bedigan

The Independent UK

With home prices up more than 50%, some states try to contain property taxes

Rising home values have led to higher real estate taxes around the US. Now many states are looking to provide relief to frustrated residents

The Guardian - UK

Finding a job in Ireland is easy. Finding a place to live is the hard bit

Dublin does not seem a fair city to those who move there to work but can’t afford a home. Ireland’s coalition government says it is acting on housebuilding, but bosses and staff say it must try harder

The Guardian - AU

Gina Rinehart retains top spot on rich list as 200 wealthiest Australians see fortunes grow by 11%

Technology figures including Afterpay founders rise up AFR rich list rankings, reflecting ‘changing nature’ of Australian economy

The Independent UK

Will the general election impact house prices?

Nationwide announced that UK house prices saw a modest bounce back in May

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