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The Latest Breaking News from Housing Market

The trillion-dollar metro club just got bigger

The number of trillion-dollar metros doubled in a year, lifting the housing market’s value to an all-time high, according to an analysis from Redfin.

Fortune

Innovative strategy saves Mull's only pharmacist amid housing crisis

AN ISLAND pharmacist has been saved from homelessness through an innovative means of retaining property in the affordable housing market.

The National (Scotland)

Mortgage Rates Hit Lowest Level Since February, Easing Borrowing Costs

Mortgage rates decline, offering hope for homebuyers amidst housing market challenges. Stabilization and potential Fed rate cuts provide relief.

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Housing market ‘set for confidence boost following base rate cut’

Some experts said the Bank of England base rate cut from 5.25% to 5% will help to give confidence to home buyers and sellers.

The Independent UK

Housing bust forecaster ‘Poison Ivy’ Zelman warns: Affordability grind isn’t going away anytime soon

While she sees further home-price deceleration and a dip in mortgage rates, Zelman says cost is the biggest risk to the housing market.

Fortune

First-time buyer nil-rate stamp duty threshold should be retained – Rightmove

The nil-rate threshold for first-time buyers is temporarily set at £425,000 and this is due to revert to £300,000 in spring 2025.

The Independent UK

US Housing Market Slows As Prices Reach Record Highs

US housing market slowdown in sales but prices rise. Inventory increases, mortgage rates at 7%.

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US homes find fewer foreign buyers as rising costs and a strong dollar leave market in record slump

Sales of U.S. homes to foreign nationals have fallen to the lowest level in more than a decade, hampered by a strong dollar and many of the hurdles that have kept the housing market in a deep sales slump for over two years

The Independent UK

Home prices are still sky-high, but competition isn’t as fierce, as the frenzied housing market slowly rebalances

In some ways the housing market is beginning to feel more like it did before the pandemic.

Fortune

Guangzhou Relaxes Property Purchase Curbs on Foreign Buyers

Restrictions lifted for non-Chinese mainland home buyers in latest move to revitalize housing market

Caixin Global

The US housing market was a bust this spring. Here’s what that means for summer and fall

The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season

The Independent UK

Goodlord by Ella Frears review – this email to a landlord is dark and dazzling

The poet’s stream-of-consciousness complaint to an estate agent is a witty and compelling reflection on the state of the housing market and young womanhood

The Guardian - UK

Millennials face a historically bad housing market. Boomers actually had it even worse

Millennials face the worst housing climate in 40 years, but Baby Boomers faced an even worse set of conditions when they entered the housing market in the 1980s

The Independent UK

UK house prices are set to rise – but for how long?

The General Election is likely to have caused movement in the housing market to slow down

The Independent UK

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Fortune

This decades-long trend in home prices has been 'flipped on its head' amid a big shift in the housing market

"That shows the consumer adjusting to a smaller home, taking less space and trying to get back into that range of affordability."

Fortune

The housing market's lock-in effect could last into the next decade as mortgage rates stay high even with Fed cuts, BofA says

"The US housing market is stuck, and we are not convinced it will become unstuck anytime soon."

Fortune

Believe it or not, there’s a housing surplus—but not for people who can’t afford a home, study finds

McMansions from the real estate bubble mean the housing market has more than enough homes for people. They are just too expensive.

AAP

Buying a home now 'beyond hope' for essential workers

Most Queensland nurses, teachers and police officers can no longer afford to buy their own home to live in - even with a dual income.

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Top News

US Home Prices Reach Record Highs, Creating Divide Among Buyers

Learn about the record-high US home prices and the challenges faced by first-time buyers in the competitive housing market.

The Guardian - UK

How a disastrous Tory policy blew up the housing market

George Osborne’s help to buy cost billions, pushed up prices, did almost nothing for new buyers – but made house builders a lot of money

Top News

Housing Market Shows Signs Of Slow Improvement

Economic indicators show promise, but high housing costs continue to impact individuals and economic well-being.

Fortune

The hot metros of the pandemic are crashing back to earth as demand for their homes cools

Housing markets in Texas and Florida were once all the rage, so their home prices and rents soared, but now they’re falling in this very different economic environment.

Fortune

The housing market shows that the tool the Fed is using to lower inflation is doing the exact opposite, former White House adviser says

"This breakdown in the housing supply pipeline is lifting the cost of buying and renting, driving up the very measure of inflation on which the Fed is relying."

Fortune

Zero percent down mortgages might help more first-time homebuyers break into the housing market—but there are caveats

United Wholesale Mortgage announced a 0% down program last month, and since then it’s been all the rage, but people are split: Does it eliminate a barrier or will it launch us into another subprime mortgage crisis?

Evening Standard

Private equity behemoth Blackstone and property investor Regis to buy £570m of affordable homes in Vistry deal

The trillion-dollar asset manager Blackstone has become a larger player in the UK’s affordable housing market in recent years

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