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The Latest Breaking News on Real Estate

Great job, good education, no home: is Australia’s bloated property market destroying the middle class?

A fresh cycle of interest rate cuts have propelled house prices in capital cities to peak levels – locking new buyers out of the market

The Guardian - AU

Court overturns ex-state attorney's mortgage fraud conviction but upholds perjury convictions

A federal appeals court has upheld the perjury convictions of former Baltimore State’s Attorney Marilyn Mosby, but the court overturned a mortgage fraud conviction and the resulting forfeiture of a Florida property

The Independent UK

Mortgage Rates Inch Up To 6.72% After 5 Weeks Of Decline, But Experts See Stability Ahead

The average long-term U.S. mortgage rate has risen, marking the end of a five-week downward trend. Despite this increase, experts predict that mortgage rates will remain relatively stable in the coming months.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Black people in England four times as likely to face homelessness, study finds

The Guardian - UK

Ken Paxton's Wife Files for Divorce on 'Biblical Grounds,' Cites 'Recent Discoveries' Behind Decision

Texas State Senator Angela Paxton has filed for divorce from Attorney General Ken Paxton after 38 years of marriage. She cited "biblical grounds" to back her decision.

Latin Times

Four ways Mairi McAllan can fix Scotland's housing crisis

Good evening! This week's edition of the In Common newsletter comes from Dr Craig Dalzell, head of policy and research at Common Weal.

The National (Scotland)

This Online Group Is Dedicated To ‘Mildly Interesting’ Stuff, And Here Are Their 49 Best Posts (New Pics)

With everything that's going around the internet, we have become hard to surprise. But one online community consistently amazes even those who think they've seen it all.

Bored Panda

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Couple awarded £500,000 after luxury tower blocked light to their South Bank flat

Stephen and Jennifer Powell sued the developers of the £2 billion Bankside Yards scheme after the 17-storey Arbor tower slashed natural light to their Bankside Lofts apartment

Evening Standard

London housing crisis 'now an emergency' as fewer than 4,000 affordable homes started last year

Interactive map shows boroughs where barely any new homes are being built

Evening Standard

Labour housing plans could destroy 215,000 hectares of nature in England, analysis shows

Critics say change in biodiversity protections would harm environmental recovery and make scheme ineffective

The Guardian - UK

First-time buyers to get mortgage boost after key Bank of England rule change

An extra 36,000 mortgages at higher loan-to-income values could soon be within reach

The Independent UK

Court rejects developer’s bid to turn Sydney boarding house into luxury apartments

Lord mayor Clover Moore says city ‘should not simply be an enclave for the rich’ and hopes case sets precedent

The Guardian - AU

Affordability 'tipping point' nudges renters into units

A slowdown in rental growth even with still-low vacancy rates suggests renters have maxed out on what they can afford.

AAP

London landlord who tried to hike rent in mouldy 'foul-smelling' flat ordered to lower it by tribunal

Landlord’s attempted rent rise backfires as he’s taken to tribunal and ordered to lower monthly rent beyond original amount tenant paid

Evening Standard

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The Guardian - AU

Australian rental costs easing for some ‘maxed out’ tenants even as property prices edge up

While rents are at record highs in most state capital cities, the pace of increases in most city suburbs has slowed

The Independent UK

Rachel Reeves under pressure to save cash ISAs after building societies pen open letter to chancellor

The current £20,000 annual limit is expected to be cut but experts say it won’t prompt wider investment

The Guardian - UK

Seven UK housebuilders to pay £100m to fund affordable homes after CMA investigation

Watchdog found evidence of information sharing linked to prices but firms have not admitted any wrongdoing

Evening Standard

Housebuilders agree to £100m affordable housing payment after CMA probe

Money will fund hundreds of new homes across the UK, but few likely to be built in London

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Evening Standard

Housebuilders vow to pay £100m after probe into information-sharing

The CMA said the payment would be the largest it has ever secured through commitments from firms under investigation.

The Guardian - AU

The RBA’s decision to hold rates isn’t a calamity, but its shift in language is confounding – and worrying

One minute we are told inflation is in the bag, seven weeks later we are worried that it’s not. This change in tone erodes trust

The Guardian - AU

Building Commission NSW using old parking infringement notice books to fine builders and developers

State opposition says ‘dodgy builders move fast yet the building commission is stuck scribbling fines on carbon paper’

The National (Scotland)

Campaigners call on Scottish Government intervention as RAAC report shows areas hit

CAMPAIGNERS have called on the Scottish Government to provide “immediate financial help” to those who have been affected by reinforced…

The Independent UK

Investors snap up growing share of US homes as traditional buyers struggle to afford one

Real estate investors are buying a larger share of U.S. homes as high prices and borrowing costs deter traditional buyers

Benzinga

'The Way You Treat Money Is How The Money's Going To Treat You' -- Grant Cardone Discusses Taking Control Of Your Income

Real estate investor Grant Cardone built a multi-billion-dollar real estate portfolio with leverage, hard work, connections, and other essentials. However, he recently discussed his relationship with money, and it offers a clear perspective into Cardone's success. He doesn't put it up on the altar, but Cardone takes money very seriously…

AAP

Rates hold call cuts deep but bank governor offers hope

The central bank has defied expectations of an interest rate cut as it keeps its sights on inflation and jobs figures, but relief might not be far away.

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