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The Latest Breaking News on Real Estate

With solid economic data reigniting interest rate fears, economic uncertainty, and rising geopolitical instability due to the Israel-Hamas war, the stock market could witness wild swings. Amid an uncertain market backdrop, quality diversified REITs CoreCivic (CXW), Ladder Capital (LADR), and Whitestone REIT (WSR) could be ideal buys for a steady…

StockNews.com

Bellway to slash number of homes built in 2024 and average selling price falls

London sales hold up better after the FTSE 250 firm concentrates on the outer zones

Evening Standard

Big backyards could hold key to solve housing crisis

The humble granny flat could help deliver much-needed housing supply as shortages continue to push rents skyward.

AAP

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TV tonight: an enraging investigation into Britain’s housing crisis

This two-part documentary examines why the UK is one of the worst places in the world to buy a home. Plus, The Real Crown reaches the fateful year of 1997. Here’s what to watch tonight

The Guardian - UK

'Low tolerance' for slower return to target: RBA

Australia could be galloping towards a Melbourne Cup interest rate rise if progress on inflation proves too slow and the labour market too resilient.

AAP

Revealed: the five London postcodes where rents are rising fastest — with a third or more added to the price

Tenants are paying more than £500 extra every month for a typical room in a shared house in one district in the capital, while another has leapfrogged more than 40 others in the price table

Evening Standard

Social housing complaints probed by ombudsman hit record high

Property condition remained the leading category as to why complaints were being made, followed by complaints handling, and health and safety.

The Independent UK

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4 affordable housing strategies that are working in Canada

Cities like Vienna or Singapore are often referenced in news headlines proposing solutions for Canada’s housing crisis. But the arguments in favour of the strategies employed by these far-away cities often only skim the surface and can be easily dismissed with a response of “this will never work here.”

The Conversation

Expert: Trump lawyers' stunts risk jail

Trump’s attorneys “engaging in stunts, games, and frivolous tactics in violation of New York State ethics rules"

Salon

'Thousands of jobs': $225m plan for Mayfield logistics hub a step closer

The company owns several Hunter sites already.

Newcastle Herald

Granny flats are an untapped resource to relieve Australia’s housing crisis, report says

Research identifies 655,000 suitable homes, including 17.6% of all metro properties in Sydney and 13.2% in Melbourne

The Guardian - AU

Rent prices dip slightly in Chicago metro area, report finds

The median monthly rental price for the Chicago area stands at $2,389, a decrease of about 2% from September 2022, when that figure reached $2,437, according to a newly released report.

Chicago Sun-Times

Weakest October for asking price increases since 2008

Across Britain, average new seller asking prices rose by 0.5%, but the long-term average increase for the month of October is 1.4%, Rightmove said.

Evening Standard

London rental crisis: £1,000pcm room rents now the norm in growing number of postcodes

Exclusive data shows the continued creep of the four-figure housing payment for tenants in the capital’s shared homes, while no neighbourhoods remain with typical costs below £750

Evening Standard

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The Guardian - UK

Efforts to avoid ‘Grenfell-scale tragedy’ not taken seriously, says ex-mandarin

Exclusive: Building safety minister demanded ‘do nothing’ option be added to policy paper on collapse risks

The Guardian - UK

UK house prices rise at slowest post-summer rate since 2008 crash

Rightmove says 0.5% rise is smallest for time of year since financial crisis 15 years ago as higher interest rates hit home

The Independent UK

Rightmove records weakest month of October for asking price increases since 2008

Across Britain, average new seller asking prices rose by 0.5%, but the long-term average increase for the month of October is 1.4%, Rightmove said.

Newsroom.co.nz

Back-channels shift sands on which National’s property and tax package is built

The luxury housing market is gearing up for National to lift the foreign buyer ban for properties over $2 million, but Christopher Luxon faces staunch opposition from NZ First. Jonathan Milne reports.

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news in one place.

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The Guardian - UK

Labour’s housing plans will not solve the affordability crisis

Letters: Martin Walsh, Michael Ball and John Worrall respond to the party’s proposals to address housing issues in the country

WEKU

A hotel worker's 3-hour commute tells the story of LA's housing crisis and her strike

Long commutes are a key reason why LA hotel workers have been on rolling strikes since early July. And they have a unique solution for hotels to help them.

The Hindu

Not establishing educational institution on civic amenity site within time frame violates right to education: Karnataka High Court

Karnataka HC: Right to education of children violated due to non-establishment of educational institution on CA site allotted for that purpose. KHB to determine quantum of forfeiture of CA site & refund remaining amount in 4 weeks; DVK to deliver possession of property to KHB. #RightToEducation #KarnatakaHC #CAAllotment

The Hindu

Registration of flats and properties: Karnataka govt. urged to consider guidance value on date of sale deed

Thousands of homebuyers across Bengaluru are facing the same problem, as the State government hiked the guidance value in the city by an average of 30% to 40%, from October 1, almost five years since the last revision

The Hindu

I-T raid: Contractor’s son claims money came from land sale; BJP demands CBI probe

Son of contractor whose properties raided by I-T Dept. claims money is his own from land sale deal. BJP demands CBI probe into case, alleging proceeds of corruption. I-T Dept. tight-lipped, son to explain source of money on Oct. 17.

The Independent UK

Jeff Bezos buys neighbour’s Florida mansion for $79m in exclusive ‘Billionaire Bunker’ island

Not only did Amazon founder scoop up neighbour’s South Florida mansion for $79m, but he previously purchased property next door for $68m

USAFacts

How many vacant homes are there in the US?

Over 15 million American homes — approximately 10% of the country’s housing inventory — were vacant in 2022.

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