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The Latest Breaking News on Real Estate

Historic Vatican Fraud Trial To Deliver Its Verdict

A Vatican court delivers its verdict on Saturday in a historic trial focused on an opaque London property deal, with a once-powerful cardinal among 10 defendants facing jail for alleged financial crimes.

International Business Times

South Kensington balcony listed for £50,000 finds new owner - who wants it for its parking permit

The third floor balcony on Stanhope Gardens, near Gloucester Road, was listed for £50,000 in July. It is in the process of being sold for £35,000

Evening Standard

Two 2024 ballot initiative campaigns report reaching the 25% signature threshold in California

The California secretary of state reported on Dec. 13 that two California ballot initiatives campaigns had collected at least 25% of the required number of signatures needed to qualify for the ballot in 2024.

Ballotpedia

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Row erupts over portion of Modern Theatres’ land

Controversy erupts over land where Modern Theatres once stood in Salem; Highways Minister denies pressure to transfer ownership, claims property belongs to his department.

The Hindu

Homelessness in the U.S. hit a record high last year as pandemic aid ran out

The jump is 12% more than the year before and came as rents and inflation skyrocketed. The increase was driven by families and those who lost housing for the first time.

WEKU

US homelessness up 12% to highest reported level as rents soar and coronavirus pandemic aid lapses

The United States has experienced a dramatic 12% increase in homelessness

The Independent UK

16,600 new homes planned for Broadmeadow in massive housing push

The plans could dramatically increase Newcastle's population.

Newcastle Herald

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‘Only the strong survive,’ Englewood man’s tattoo serves as a show of pride in his neighborhood

Lorenz Elion, 23, who works in real estate, knows people from his neighborhood who’ve been killed and others in prison for murder. But Englewood, he says, is home.

Chicago Sun-Times

Manhattan Rents Fall For First Time in Two Years

Manhattan rents fell 2% in November, from $4,095 to $4,000.

Kiplinger

Delinquent CRE Loans Are on the Rise: The Kiplinger Letter

Banks are expanding their efforts to restructure CRE loans to avoid losses from the commercial real estate sector.

Kiplinger

Busting the myths of ‘By invitation only’ properties

Explore the concept of 'By Invitation Only' (BIO) housing projects in India & their implications on real estate.

The Hindu

UK house prices forecast to fall by up to 4% in 2024

High rates hit mortgage affordability and sales completions but Halifax expects part recovery in market

The Guardian - UK

Cost of living emergency ‘evolving’ as failures to tackle housing crisis ‘starting to bite’, say experts

‘The crushing vice is now really housing,’ warns Citizens Advice as new report outlines ongoing hardships facing households

The Independent UK

House prices to fall faster 2024 despite expected interest rate cuts, Halifax says

House prices across the UK are set to fall by between 2% and 4%

Evening Standard

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The Guardian - UK

I spent a day in a court where ‘no-fault’ evictions reach 10 an hour. Whose fault is this, Rishi Sunak?

Promises to protect tenants in England have been broken, says the Guardian columnist Polly Toynbee

Evening Standard

Inside London's best church conversions for sale, where stained glass comes as standard

Blessed with high ceilings, stained glass windows and sweeping columns, London’s old chapels make unorthodox homes

Newcastle Herald

Ultimate bathroom centrepiece of award-winning Coal Point modern waterfront home

'You really don't see homes like that around Coal Point.'

StockNews.com

Holiday Stock Surprises: These Two Companies are Set to Thrive in 2024

As the end of 2023 rapidly approaches it’s time for investors to anticipate what some of the 2024 stock winners may be. This should include a take on interest rates, which the market now strongly believes will be cut earlier and a little more quickly than had been anticipated just…

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The Independent UK

The average long-term US mortgage rate dips below 7% to its lowest level since early August

The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale

The Independent UK

Appeals court again upholds gag order barring Donald Trump from commenting about judge’s staff

A New York appeals court has again upheld a gag order that bars Donald Trump from commenting about court personnel in his civil fraud trial

The Independent UK

Trump fails to block gag orders in fraud trial

An appeals court ruling deals another blow to the former president one day after trial testimony ended

Evening Standard

Office investors have a narrow window to seal the perfect deal

Occupiers are already setting new records for rents in the best locations

The Guardian - UK

What UK’s interest rate freeze means for mortgage borrowers

Home loans could be unlikely to fall by much in short term as Bank of England keeps fighting inflation

The Independent UK

Trump brags that he’s ‘healthier than Obama’ in wild Iowa speech

Former president, 77, once again insisted that he’s ‘aced’ cognitive tests and is in robust shape – as he tries to keen to brush aside recent run of gaffes and draw favourable contrast with Joe Biden

The Independent UK

What does Bank of England interest rates decision mean for my mortgage and savings?

‘Green shoots’ already appearing in housing market, expert suggests as market eyes rate cuts next year

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