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The Latest Breaking News on Real Estate

Can Willesden turn from ugly duckling suburb into a swan?

Two new major developments could mean Willesden’s time has finally come...

Evening Standard

Mortgage approvals for house purchase jump to highest levels since mini-budget

The Bank of England recorded 62,000 approvals in July – the highest total since September 2022.

The Independent UK

Annual UK house price growth increases at fastest rate since 2022

The average home now costs £6,222 more year-on-year, according to new Nationwide figures

The Independent UK

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read the most diverse news in one place.

Politics with Michelle Grattan: Reserve Bank’s Andrew Hauser says don’t read too much for Australia from US rates message

Inflation remains top of mind as the Reserve Bank of Australia continues to keep interest rates on hold at a time when the United States Federal Reserve signals that it will start cutting rates.

The Conversation

Annual house price growth picked up in August, says Nationwide

Average prices were 2.4% higher year-on-year, up from 2.1% in July and the fastest pace since December 2022, the building society said.

The Independent UK

House prices rose at their fastest annual rate since 2022 in August says Nationwide

Prices still stand around 3% below the all-time highs seen just before Liz Truss’s mini-Budget

Evening Standard

Lloyds Bank raises borrowing limit for first-time buyers

Group will provide mortgages worth up to 5.5 times household income – and other lenders could follow suit

The Guardian - UK

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New Treasury Regulations Target Money Laundering Through Real Estate Deals

The new regulations are part of President Joe Biden's administration's goal to prevent laundered money from flowing through the U.S. financial system.

International Business Times

1031 Exchanges vs Opportunity Zones: Which Has the Edge?

In the world of tax-advantaged real estate investing in 2024, which of these financial gladiators offers better tax benefits and investment potential?

Kiplinger

NYC's 'City of Yes' housing proposal scores key endorsement but still faces strong opposition

Queens Borough President offered his "conditional support" for citywide zoning reform despite the opposition of community boards

Latin Times

New US rules try to make it harder for criminals to launder money by paying cash for homes

The Treasury Department has issued new regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate

The Independent UK

Texas needs hundreds of thousands of new homes to lower soaring costs, comptroller warns

Comptroller report highlights the challenges Texas faces, including rapidly escalating home prices and a severe shortage of available housing.

Latin Times

Rogue landlord has properties seized by council after ignoring tenant complaints

Merton Council had sent multiple emails to the landlord which were ignored

The Independent UK

Do 1031 Exchanges Make Sense for Baby Boomers?

Here are four scenarios in which a 1031 exchange to defer capital gains taxes would be worth exploring if you're a Baby Boomer selling property.

Kiplinger

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news in one place.

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Evening Standard

'Find a place you can afford' outside London, council tells homeless households facing sky-high rents

Brent council is placing homeless families in High Wycombe, Milton, Keynes, Luton, Birmingham and even further afield amid ‘tsunami of demand’ for housing

AAP

Developer forced to repay $11m 'washed' in tax fraud

The liquidators of Plutus Payroll will recoup over $11 million sent to a blackmailer threatening to expose what is now known as Australia's biggest tax fraud.

The Guardian - AU

Car park wins out over affordable housing despite shortfall of 6,000 homes across inner Melbourne

Open-air car parking a ‘poor use of prime real estate in the inner city’, councillor says

Evening Standard

London house prices rise for the first time since April 2023

New data finds green shoots in the London property market but it’s a mixed bag across the capital

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Newcastle Herald

Maitland's historic Regents Park estate returns to market with $3.5m price tag

The Georgian mansion dates back to the 1830s.

Salon

DOJ sues Texas company for raising rents

The suit alleges RealPage Inc.’s algorithm used private information to set higher rent prices

International Business Times

Americans Face 'Most Unaffordable Housing Market In History': Case-Shiller

Home prices in the U.S. showed a notable increase in June.

The Texas Tribune

Texas must build hundreds of thousands of homes to lower housing costs, says state comptroller

Texas needs hundreds of thousands more homes than it has, per one estimate. That shortage has driven up home prices and rents.

Latin Times

New Harris campaign ad touts housing plan targeting battleground states of Nevada and Arizona

The new ad highlights Harris' personal experience growing up as a renter and her plans to reduce the housing crisis over what would be her presidential term

International Business Times

Nearly 1 In 3 UK Residents Miss Payments As Mortgage Arrears Soar By 50% Amidst Rising Interest Rates

More UK homeowners seek financial assistance from charities and lenders as their fixed-rate mortgage deals end this year.

Marie Claire

Meghan Markle's Toronto Home From Her 'Suits' Era Is For Sale

Prince Harry visited Duchess Meghan at the house when they first started dating.

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