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The Latest Breaking News from Housing Market

UK housing market is 'house of cards', says property expert

Average annual house prices in Britain have risen again, new ONS data shows

Birmingham Post

Big, boxy apartment buildings are multiplying faster than ever

Amid the materials shortages, price hikes and other craziness of the housing market last year, something remarkable happened. U.S. builders completed more apartments in large multi-unit buildings than ever before.

Tribune News Service

May house sales down around 5% on a year earlier

The figures could be a sign of the impact of rising mortgage rates and living costs on the housing market, according to some experts.

The Independent UK

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Queensland budget handed down by Treasurer Cameron Dick, health the big winner with coal royalties increasing

Handing down his third budget, Treasurer Cameron Dick reveals Queensland will deliver a net operating surplus at the end of this month, thanks to surging coal and oil prices and a booming housing market.

ABC News

Budget figures reveal Qld housing pressure

There is little relief for those at the bottom of Queensland's housing market, with state budget figures showing how hard it is to find a stable home.

AAP

Ontario must commit to affordable housing for all, not attainable housing

During his provincial election victory speech on June 2, Ontario Premier Doug Ford said he aimed to build more housing to make the housing market more “attainable” for everyone.

The Conversation

Housing market slows retreat from rising seas, bigger storms

Hot real estate markets have made some homeowners wary of participating in voluntary flood buyout programs

The Independent UK

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The Week Ahead: Disrepair or renovating confidence — a check on the state of housing

The American housing market has weathered the COVID-19 pandemic in good health. It has been able to flourish despite (or in some places because of) infection rates, protective measures and changing lifestyles.

Miami Herald

Housing Beat: Mortgage Rates Soar While Housing Starts Drop

It was a seesaw week in the U.S. housing market, with mortgage rates taking off like a rocket while housing starts sank like a rock.

Benzinga

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same'

Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost.

Los Angeles Times

Redfin to lay off hundreds as housing market cools

The cooling housing market is catching up with Seattle's real estate tech companies.

Tribune News Service

Cooling housing market prompts layoffs at Redfin

Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off

The Independent UK

House prices could fall in 2022 and 2023, Bristol mortgage expert warns

The squeeze on consumer finances caused by rising inflation could start to impact the housing market, he said

Birmingham Post

Housing Beat: Mortgage Rates Up Again, Homes With High Fire Risks Sell For More

This week in the housing market, mortgage rates resumed their upward movement, mortgage applications continued their downward movement and industry experts weighed in on the arrival of the next recession.

Benzinga

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Benzinga

Housing Beat: Mortgage Rates Flatten As Sun Belt Sees New Boom In Home Building

This week in the housing market, mortgage rates were mostly flat, mortgage application volume was down and the Sun Belt is shining with new single-family home construction.

Tribune News Service

With housing overvalued, a reckoning in the market could be on the way, analyst warns

With housing prices rising exorbitantly during the pandemic and homebuying becoming more unaffordable for many people, a reckoning in the housing market could soon occur, according to analysis from Florida Atlantic University real estate economist Ken H. Johnson.

Tribune News Service

In search of better data, Seattle plans to require landlords to report rents

Seattle landlords may soon be required to report how much rent they charge — an effort to give city officials better data about the local housing market that drew opposition from some property owners.

The Guardian - UK

UK house price slowdown ‘on way’; factory growth hits 16-month low – as it happened

Rolling coverage of the latest economic and financial news

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The Independent UK

Housing market set to slow as the year progresses, says Nationwide

Prices also increased by 0.9% month on month in May, taking the average house price to £269,914, Nationwide Building Society said.

The New Daily

‘Two-speed market’: Property prices are falling as rates rise, but not everywhere

Australia’s housing market has started falling from its pandemic highs, with property prices down 0.11 per cent in May amid rising interest rates.

Tribune News Service

Buying amid affordability squeeze? Here’s how homebuyers can cope

The housing market caught fire in 2020 as Americans decided en masse that they wanted homes and were willing to pay for them.

Tribune News Service

Housing supply squeeze finally begins to ease

During the record-breaking housing boom of the past two years, a drastic under-supply of homes for sale has bedeviled buyers and delighted sellers. Now, the squeeze is slowly easing — a shift that could mark the start of a much-anticipated cooling of the white-hot housing market.

Benzinga

Housing Beat: Home Sales Drop, Homeowners Insurance Spikes, Builder Confidence Tanks

The U.S. housing market showed unmistakable signs of stalling this week. Despite a decline in mortgage rates, mortgage applications and home sales were down while the cost of homeowners insurance was rising across most of the nation.

The Guardian - UK

‘We’ve been inundated’: UK housing market frenzy shows no signs of slowing

Buyers face bidding wars to snare homes despite soaring inflation, cost of living crisis and fears of property crash

Tribune News Service

Real estate agents reinvent ‘love letters’ as competition heats up

In today’s red-hot housing market, buyers are doing everything they can to compete. Waiving contingencies, bidding well over asking and in some cases even making an offer on a property sight unseen are all becoming de rigueur.

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