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The Latest Breaking News on Real Estate

Kamala Harris To Propose $25K Down Payment Support For First-Time Homeowners

To address the housing shortage, Harris will call for the construction of 3 million new housing units. Her plan includes introducing a tax incentive for builders who focus on creating starter homes for first-time buyers and expanding existing tax credits for affordable rental housing development.

International Business Times

Looking to buy a home? You may now need to factor in the cost of your agent's commission

Thinking of buying a home with the help of a real estate agent

The Independent UK

Four Things to Consider Before Giving Your Kid a Down Payment

Younger generations sometimes face an uphill battle to buy their first home. Here’s how to decide if you can help — or if you should.

Kiplinger

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read the most diverse news in one place.

Angela Rayner told new towns plan risks missing England housing targets

Exclusive: Centre for Cities analysis shows more new towns would have to be built than ever before to dent 1.5m target

The Guardian - UK

‘A big ask’: can Labour fix Britain using modern supply-side economics?

Turning to a theory championed by the US Treasury secretary, Reeves aims to upskill the workforce while boosting productivity

The Guardian - UK

Time to sell or buy? Spring market update for Newcastle and Lake Macquarie

'Buyer confidence has started coming back'.

Newcastle Herald

Sydney’s largest public housing estate is being redeveloped, but not all these homes need to be demolished

The New South Wales government is forging ahead with renewal of the state’s largest public housing estate. Developer Stockland and three community housing providers are contracted to deliver the first stage nearly a decade after it was announced. Some 749 homes are to be demolished and replaced with more than…

The Conversation

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RBA downplays role of government spending in stoking inflation

Governor Michele Bullock cites consumer spending and China’s slowdown as bigger influences on Australia’s economic trajectory

The Guardian - AU

CFMEU law delay prompts building sector warning

Housing groups have warned setbacks to passing laws placing the CFMEU into administration would only place further pressure on the sector.

AAP

Government has 'no plans whatsoever' to give Sadiq Khan rent control powers

The mayor has called for rent controls in London since 2019 - but has been repeatedly refused

Evening Standard

Pakistan’s military arrests three former officers amid spy chief probe

The latest arrests are linked to investigations against former ISI chief Faiz Hameed, who faces a court-martial.

Al Jazeera

‘Big shock’: Thailand faces political upheaval as PM removed from office

Thailand’s constitutional court made its second bombshell ruling in a week as it ousted Prime Minister Srettha Thavisin.

Al Jazeera

Scorching Heat Magnifies Housing Crunch For Hong Kong's Elderly

Even with two electric fans whirring, retired janitor Chun Loi was sweating profusely in her windowless, one-room flat that swelters during Hong Kong's humid summer.

International Business Times

More than a third of landlords raised rents to match local properties – report

About 60% of landlords increased the rent on at least one of their properties over the past year, a survey by the TDS Charitable Foundation found.

The Independent UK

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AAP

Wear and tear keeps rents lower over time: report

Properties tend to command a lower rent as they age and new homes with modern features come online, a leading economic think tank says.

The Independent UK

Rioters jailed for ‘utterly terrifying’ attack on Rotherham asylum hotel

Trevor Lloyd was jailed for three years after filming himself storming a Holiday Inn housing asylum seekers

The Independent UK

Sadiq Khan scheme built just 71 affordable homes in three months and needs to start 22,000 more to hit 2026 target

Tories acuse London mayor of ‘unacceptably low’ levels of affordable housebuilding in capital

International Business Times UK

Redfin CEO Says If Mortgage Rates Don't Fall, Plan B Is To 'Drink Own Urine Or Competitors Blood'

During Redfin's Q2 earnings call, CEO Glenn Kelman said he is surprised about the muted real estate market activity despite mortgage rates consistently declining in recent months.

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news in one place.

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Evening Standard

‘We know how criminals operate': Inside the security secrets of the super rich

Following a spree of sophisticated targeted robberies against celebrities and footballers, the super-rich are getting nervous. Meet the man making their homes secure

The National (Scotland)

Ayr couple claim neighbouring flat has been used as 'pop-up brothel'

An Ayr couple claim a ‘pop up brothel’ took over a neighbouring flat … days after it was granted a short term let licence.

Al Jazeera

Thai court orders dismissal of Prime Minister Srettha Thavisin

Srettha becomes the fourth Thai prime minister in 16 years to be removed by the kingdom’s Constitutional Court.

Evening Standard

London borough may have to send homeless to Scunthorpe as rents rocket

Redbridge says there are simply are not enough affordable homes in the borough for locals

The Guardian - UK

Planning changed Britain for the better in the postwar years – and it can do the same now

Labour’s proposals for reform are a start, but we need the system to be more ambitious, more imaginative and more proactive, says writer Phineas Harper

International Business Times UK

'We Refuse To Be House Poor!': Couple With $250K Income Struggle To Buy Budget Home, Is 30% Rule Realistic?

A Portland couple earning $250K annually struggles to find an affordable home while avoiding becoming "house poor," highlighting the growing challenge of following the outdated 30% income rule amid rising housing costs.

Caixin Global

Country Garden Services Expects 30% Profit Drop as Property Downturn Drags On

Property managers’ slight increase in first half revenue is accompanied by a significant drop in net profits

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