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The Latest Breaking News on Real Estate

Thousands of apartments may come to Santa Monica, other wealthy cities under little-known law

LOS ANGELES — Earlier this fall, a developer submitted plans for 4,500 apartments in Santa Monica — more new housing than the pricey, beachfront city has built in all of the previous decade.

Los Angeles Times

How low mortgage rates led to today’s ‘seller’s strike’

The sharp rise in mortgage rates in 2022 has hampered housing affordability and led to fewer home sales. Aside from those obvious bits of fallout, the run-up in rates has also delivered a surprise: Many homeowners are choosing not to sell because they don’t want to give up the super-low…

Tribune News Service

Housing market predictions for 2023

We’re rounding the corner on 2022 and quickly heading toward a new year. That makes this a perfect time to prognosticate real estate matters for 2023. With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the…

Tribune News Service

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Occupier and investor demand falls further across Scotland

Latest surveyors survey notes that the prospect of further interest rate rises are weighing on the outlook

Insider UK

Thai property tax cut beefs up supply

An extension of the property tax cut on transfer and mortgage fees this year, which includes second-hand homes, increased the housing supply offered in the market in the second quarter.

Bangkok Post

House prices plunge 4.9 per cent from peak

The housing market has tumbled in capital cities across the country, with prices down 4.9 per cent from their March peak.

AAP

Channel 4 A Place in the Sun buyer told she can't buy 'dream' villa

Sue was looking for a detached home on the east coast of Italy in the latest instalment of A Place in the Sun

Liverpool Echo

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Top 10 towns in Scotland where properties are most in-demand named

Uddingston ranks top as the most lusted-after location to buy a house.

Daily Record

With the Autumn Statement due on November 17 what’s next for London’s ‘nightmare’ property market?

Will the recent downturn in the London market develop into something more serious, or can the new Government restore some stability for homeowners and hopeful buyers?

Evening Standard

Mixed response to $350m housing boost

While lobby groups are heartened by the government's plan to build a million houses across the next five years, critics have described it as a 'con job'.

AAP

A Place in the Sun buyers cut Cyprus property search short over health condition

Jasmine Harman's "final attempt to impress" the house hunters ended abruptly

Liverpool Echo

Leslie Jordan bought his first-ever home just weeks before he died in horror car crash

Will and Grace star Leslie Jordan died in a tragic car crash while on his way to work on Monday morning at the age of 67, just weeks after he bought his first home

Daily Mirror

'Aspirational' target of 1 million affordable rental homes unveiled in federal budget. Here's what the plan looks like

Australians are facing an incredibly difficult rental market, and this year's budget has an "aspirational" target of 1 million new homes — but there's a lot to unpack. Here's your quick guide to the plan.

ABC News

Idyllic farmhouse on Scottish island hits the market for same price as Edinburgh flat

The spacious four-bedroom farmhouse has hit the market for the same price as an average three-bedroom flat in Edinburgh, putting into context the struggles ahead for first-time buyers

Edinburgh Live

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The Guardian - US

‘The truth is they’re vulnerable’: inside America’s mobile home crisis

The maddening documentary A Decent Home highlights a cross-section of mobile home-owners and the system that aims to ruin them

ABC News

Federal budget to include plan to build 1 million homes by end of the decade, as Labor seeks to mitigate housing crisis

In his first budget, Treasurer Jim Chalmers will outline the government's plan to increase housing supply over five years from 2024.

ABC News

Sydney house prices have dropped by 10 per cent this year, according to latest data

House prices in Sydney fell by 10 per cent since the peak in February, with the median value in the city dropping to $1,042,276.

Tribune News Service

Bay Area the only region in California where homes are selling for less than a year ago

Perhaps it was inevitable — what goes up, up, up, must come down eventually. Homes in the Bay Area are now selling for less than they were a year ago, the only part of California where that is true, as rising interest rates continue to throw cold water on the…

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Bangkok Post

Sentiment among Bangkok housing developers brightens

Sentiment among listed housing developers in Greater Bangkok improved in the third quarter to the highest level in 17 quarters, but higher development costs because of fuel prices and inflation remain major concerns.

Daily Record

Two Scottish places where house prices have soared after the pandemic

The two large cities have seen a huge jump in house prices, after workers started returning to the office following the end of the pandemic measures.

Liverpool Echo

A Place in the Sun buyers 'curveball' sparks Jasmine Harman to have 'sleepless night'

The expert was taken aback by Bill and Sandra's unexpected decision

Benzinga

If Real Estate Is An Inflation Hedge, Why Are Properties Declining In Value?

The U.S. inflation rate was 8.2% in September. This is a slight drop from the 8.3% rate in August but more than the 8.1% economists were forecasting for the month. At the same time, the average median house price declined to $389,500 in August, compared to a high of $413,800…

Evening Standard

Cities drive house price growth while suburbs ‘lag behind’ after surge in demand for city living

Property prices across Britain’s cities have been growing at a faster rate than those in surrounding areas this year so far.

Pedestrian.tv

Previously-Secret Documents Reveal The Reserve Bank Reckons House Prices Are Set To Drop By 20%

The Reserve Bank of Australia predicts house prices could fall by 20% by the end of 2024, which would be the biggest drop since the 1980s.

The Guardian - AU

Sydney’s property prices dropped 10% this year, with $450 a day lost from average home

Decline comes as RBA documents indicate values may sink as much as 20% nationally from their February peak by end of 2024

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