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The Latest Breaking News from Housing Market

The American climate migration has already begun

Millions of Americans will be displaced – and neither they, the government or the housing market are ready

The Guardian - US

Restrict home purchases in certain areas and reform property taxes to tackle unfair housing system, says charity

Those who are currently locked out of or struggling to cope in the housing market may become even worse off, the Joseph Rowntree Foundation said.

Evening Standard

Housing market starts year on slow note in Las Vegas, US

Las Vegas’ housing market started the year on a slow note — and, a new report shows, so did the country overall.

Tribune News Service

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The housing market correction has already caused homeowners to lose $2.3 trillion

A correction in home prices has erased $2.3 trillion in nationwide home values, but homeowners are still up roughly $13 trillion since February 2020.

Fortune

Changes needed to make housing system fairer in longer term, charity says

Those who are currently locked out of or struggling to cope in the housing market may become even worse off, the Joseph Rowntree Foundation said.

The Independent UK

The housing market correction just took a new turn

"Builders have taken their medicine for the most part right now on pricing," says Rick Palacios Jr., head of research at John Burns Real Estate Consulting.

Fortune

Tesco store workers get 7% pay increase; UK property asking prices stagnating – as it happened

Supermarket chain lifts hourly pay rates again, while UK property asking prices rose by £14 in February

The Guardian - UK

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Housing market once again braces for higher mortgage rates—where 8 experts see rates going this year

The average 30-year fixed mortgage rate just shot back up to 6.8%.

Fortune

Shock and Orr: Rate hikes kill off housing affordability and development

With the cost-of-living and housing crises, the need for Government intervention in the housing market is becoming more urgent. What that intervention will be may determine the colour of our next Government, argues Edward Miller

Newsroom.co.nz

UK mortgage deals: how to navigate the rollercoaster rates ride

Amid a debate about what is happening to the housing market, what are your options?

The Guardian - UK

The housing market downturn isn’t over

Just as the U.S. housing market started to show some signs of life, mortgage rates began rising once again.

Fortune

Dozens re-detained after visa cancellation bill passes – as it happened

This blog is now closed

The Guardian - AU

US housing market is overvalued by billions due to ignored flood risk

U.S. homes in areas prone to floods may be currently overvalued in the range of $121 billion to $237 billion, according to a report published Thursday in the journal Nature Climate Change.

Tribune News Service

Lower interest rates, prices bring buyers back to the housing market

As mortgage rates rose at a brisk pace last year while prices in North Texas were still at record highs, Harshal Bauskar’s family had to put a pause on their home search last summer.

Tribune News Service

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Fortune

These 2 maps show the inventory situation in America's 400 largest housing markets

Do home buyers or sellers have the upper hand? Let's take a look.

Evening Standard

Is it only the inheritocracy who can afford to live in London now?

With the average deposit amount reaching almost £150,000, it’s beginning to feel like only the wealthy can afford to buy in London — and it’s creating a brain drain as more talented people are forced out of the capital, says Alexandra Jones

The Guardian - UK

Deliveroo cutting 9% of staff; Bank of England governor pledges to get inflation down – as it happened

BoE governor Andrew Bailey has warned MPs that paying for public sector pay rises with borrowing could push up inflation

Insider UK

Demand and supply continue to soften in Scottish housing market

Latest surveyor survey show that new buyer demand fell through January

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Fortune

Signs of life in the housing market could spell trouble

"All things being equal, that means we'd have to do more with our other tools," Minneapolis Fed President Neel Kashkari says.

The Guardian - UK

UK house sales outlook for 2023 remains ‘uncertain’, says Barratt

Housebuilder reports ‘modest uplift’ in reservations of new homes in January but remains cautious

The Guardian - UK

FTSE 100 index hits record high; CMA deals blow to Microsoft’s Activision takeover – business live

Blue-chip share index climbs on hopes that inflation has peaked, while Turkey’s stock market halts trading after main index drops 7%

Fortune

Goldman Sachs makes a bold housing market call

U.S. home prices might be nearing the bottom, says Goldman Sachs.

Fortune

CoreLogic updates its home price risk assessment for 392 U.S. housing markets

The big question heading forward is will the home price correction soon fizzle out or carry on?

Fortune

The economic shock hitting the U.S. housing market just lost some punch

The average 30-year fixed mortgage rate falls to 5.99%. That's a five-month low.

Tribune News Service

Here’s how much profit sellers made on Florida homes last year

Home sellers in South Florida made record profits last year, even with the housing market slowing down in the later half.

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