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The Latest Breaking News on Real Estate

Amazon and other companies invested in affordable housing. Did it work?

Technology firms, healthcare groups and banks have thrown money at affordable housing, but even billions in short-term private capital can’t solve the crisis

The Guardian - US

Scottish Government will not back down on short term lets licensing, says Neil Gray

WELLBEING Economy Secretary Neil Gray has insisted that the Scottish Government will not back down on pushing ahead with the short term lets…

The National (Scotland)

Knock down a few, build one: in NSW that counts as a gain for councils’ housing targets

Exclusive: Metrics reflect gross addition to supply, even as unit blocks in affluent Sydney suburbs are being replaced by luxury single properties

The Guardian - AU

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California lawmakers vote to fast-track low-income housing on churches' lands

California lawmakers have voted to fast-track low-income housing on surplus land owned by nonprofit colleges and religious institutions

The Independent UK

Mapped: UK house prices falling at fastest annual rate since 2009

Data from Halifax showed that house prices dropped by 4.6% in August

The Independent UK

Crumbling concrete crisis spreads to housing, shops and offices as major landlord orders checks

Major shopping centre owner orders survey, as housing associations also begin to investigate problem

The Independent UK

Top 3 Stocks “Right at Home” in Building Boom

On Wall Street a market that is hitting on all cylinders, with no storm clouds on the horizon, is known as a Goldilocks market. Both the home and infrastructure building markets, due to a perfect storm of short supply on the one hand and government spending on the other, have…

StockNews.com

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Why are house prices falling?

With house prices dropping at the fastest rate since 2009, here is a look at what is behind the latest market trends and what could be on the horizon.

The Independent UK

Paxton trial, Sept. 7: During new testimony, former AG deputy tears up responding to “rogue” allegations

Former attorney general officials testified that Ken Paxton pushed to release confidential FBI records to friend and donor Nate Paul. They also denied defense attorneys’ assertions that they staged a “mutiny.”

The Texas Tribune

UK house prices suffer sharpest fall in 14 years

Halifax says prices fell by 4.6% as high interest rates dent homebuyer demand

The Guardian - UK

China’s exports, imports fall as weak global demand clouds recovery

Exports slumped 8.8 percent in August to $284.87bn in the fourth straight month of decline.

Al Jazeera

Average London home drops £22k in value as interest rate crisis bites

The average London home has lost nearly £23,000 in value over the past year as the impact of far higher interest rates hit property prices.

Evening Standard

Kendra Wilkinson ‘rushed to hospital’ after panic attack

The reality star was rushed to the hospital on Wednesday

The Independent UK

Ken Paxton’s top deputy, the first impeachment witness, describes an attorney general out of control

Jeff Mateer testified that Paxton was so intent on helping Austin real estate investor Nate Paul that he worried the attorney general was being blackmailed.

The Texas Tribune

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The Guardian - AU

Morning Mail: Sydney housing costs beat New York, ‘crumbly’ concrete checks, criminal complaint over World Cup kiss

Only five world cities are more expensive and crisis is hurting the economy, says thinktank

The Guardian - UK

Bank of England governor expects ‘quite marked’ fall in UK inflation

Pound falls as Andrew Bailey’s comments call into question need for further interest rate rise

The Guardian - AU

Only five cities worldwide are more unaffordable than Sydney for housing, thinktank says

Committee for Sydney urges residents to ‘become a yimby’ after finding housing crisis costs economy more than $10bn per year

The Guardian - US

New York City’s crackdown on Airbnb and short-term rentals goes into effect

New regulations expected to affect tens of thousands of illegal short-term listings

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The Texas Tribune

Paxton trial, Sept. 6: Witnesses claim AG was fixated on Nate Paul

On the second day of the impeachment trial, former officials in the attorney general’s office say Ken Paxton’s relationship with real estate investor Nate Paul raised alarms. Defense attorney accused the witnesses of “staging a coup.”

The National (Scotland)

Big Issue takes aim at PM with 'Rishi's Removals' van outside Westminster

THE Big Issue Group has launched a campaign aimed at ensuring millions of low income people living in rented accommodation can stay in their homes.

The Guardian - UK

Housing industry faces difficult months ahead amid weak demand, says Barratt

Housebuilder reports £705m profits but ‘mortgage affordability challenges’ affect purchases

Evening Standard

Sadiq Khan urges support for Help to Buy homeowners

The mayor said Help to Buy homeowners are ‘facing growing levels of economic insecurity’

Evening Standard

Howard de Walden hails post Covid recovery, but property portfolio value slips

The Howard de Walden Estate manages a portfolio of over 800 property interests

Chicago Sun-Times

Horoscope for Wednesday, September 6, 2023

There are no restrictions to shopping or important decisions. The moon is in Gemini.

The Guardian - AU

Battle over density: in Sydney’s east, a rash of developments are housing fewer, richer people

Relatively affordable apartment buildings are being demolished to make way for ‘ultra-luxurious’ homes amid state’s housing crisis

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