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The Latest Breaking News on Real Estate

Negative equity is looming for some home owners – but you only need to worry if you need to sell

It feels like a perfect storm is building. The rising cost of living and higher interest rates are putting household budgets under stress, and falling house prices could push some home owners into negative equity.

The Conversation

Southern Nevada home prices fall again, signals cooling market

LAS VEGAS — Southern Nevada house prices resumed their downward slide last month, as buyers locally and nationally pull back amid higher borrowing costs.

Tribune News Service

Homeowners are still getting ‘equity rich’ despite the slowing market

FORT LAUDERDALE, Fla. — Homeowners in South Florida are still seeing a return on their property, even as the housing market continues to cool down.

Tribune News Service

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Cost of living protests to take place all over Ireland this weekend

There will be 20 protest sites nationwide, including 10 demonstrations in Dublin and gatherings in Carlow, Cork, Galway, Kilkenny, Limerick, Monaghan, Sligo, Tipperary, Waterford, Wexford and Wicklow.

Irish Mirror

Persimmon reports sales and price fall as UK property market dips

Housebuilder says cancellation rate has risen sharply because of interest rates and economic uncertainty

The Guardian - UK

Outside of London, the price of a Manchester city centre flat is rising the fastest

Activity has been 'spurred on' by the Government's Help to Buy scheme

Manchester Evening News

Cost of living: what can London renters do to improve the energy efficiency of their homes this winter?

What are your rights as a tenant looking to keep gas and electricity bills down?

Evening Standard

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The U.S. housing market to see second biggest correction of the post-WWII era—when to expect the home price bottom

In the third quarter of 2022, falling home prices erased a record $1.3 trillion in home equity. It isn't over yet.

Fortune

Trump will appeal judge’s order to appoint monitor to oversee his family real estate business

NEW YORK — Former President Donald Trump and his adult children on Monday indicated they will appeal a judge’s decision to appoint a monitor to watch over their family real estate business.

Tribune News Service

Commuter homes less than 60 minutes from London — with prices of up to £550,000

Here’s how far the average cost of a London flat stretches in the commuter belt.

Evening Standard

Areas of Greater Manchester where house prices are dropping drastically

The average cost of a home is becoming more affordable in certain parts of the region

Manchester Evening News

Average UK house price falls by 0.4% in October

In Scotland the average house price stood at £203,820 - up by 7.5% last month

Insider UK

Average UK house price sees sharpest monthly fall since February last year

The average cost of a home in the UK dropped 0.4 per cent to £292,598 in October.

Evening Standard

Halifax records house price fall as Bristol agents predict 'sharp' downturn

One agent said he expects prices to fall by 20 per cent by March

Bristol Post

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The Guardian - UK

UK house prices fall after ‘significant shock’ of mini-budget

Halifax reports steepest monthly drop since February 2021 amid interest rate rises

Wales Online

House prices fall as average UK home now costs £292,598

Mortgage lender Halifax says the annual rate of house price growth slowed to 8.3%, from 9.8% in September

The Independent UK

UK house prices fall at sharpest pace in almost two years

The drop is the sharpest Halifax has seen since February 2021

The Guardian - UK

UK house prices in steepest fall since February 2021; global inflation ‘may be nearing peak’ – as it happened

House prices dropped at fastest monthly rate since February 2021, as newer buyers risk falling into negative equity

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ABC News

Cairns Regional Council rate hike proposal leaves investment property owners furious

Owners of investment properties in one of Queensland's tightest housing markets say a council rate hike for non-principal places of residence will only drive up rent as tenants struggle with the rising cost of living.

Liverpool Echo

DIY novice buys doer-upper without even knowing how to paint a room

For the latest in our Where I Live series, Amy Aziz told the ECHO how she's "got stuck into" DIY

The Guardian - AU

Why do we have such low rental vacancy? It doesn’t mean a shortage of houses

A low rental vacancy rate doesn’t mean a lack of housing, just as the jobless rate doesn’t indicate a shortage of human beings

The Guardian - AU

Distressed housing sales rise as owners succumb to Australia’s rising interest rates

Buyers who overpaid for properties in boom market conditions now feeling the pinch, head of property investor group says

Evening Standard

House price forecast: average London home value could drop £28,000 next year before rising £124,000 by 2027

The house price fall is expected to be followed by a sharp rise

The Independent UK

Midterm voters to take on Colorado's soaring housing costs

Voters will take on the soaring costs of housing in Colorado next Tuesday when they decide on a bevy of local land statewide ballot measures

Edinburgh Live

Edinburgh's cheapest flat hits the market for £60k with 'uninterrupted' sea views

Located in a block of flats in Muirhouse, the two-bedroom flat sits on the twentieth floor, so it might not be one for those who aren't a fan of heights, but it comes with a price tag of only £60,000.

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