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The Latest Breaking News on Real Estate

Number of house sales this year ‘on track to be lowest since 2012’

The number of house sales with a mortgage is expected to be nearly a third lower this year compared with 2022, Zoopla said.

The Independent UK

Mortgage costs dampen affordability despite falling London house prices and rising wages

London’s price-to-earnings ratio is in single digits for the first time in 11 years

Evening Standard

A San Francisco official organized a ‘doom loop’ tour. It flopped in spectacular fashion

City commissioner who called the event a ‘satire’ has since cancelled the tour and resigned from his position

The Guardian - US

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Top 10 Most In-Demand Housing Markets in the U.S.

New housing market data reveals the ten zip codes where in-demand homes spend the fewest days on the market.

Kiplinger

Controversial housing development edges closer to approval

Sonia Hornery says shes has concerns about a lack of infrastructure.

Newcastle Herald

Repeal of water pollution rules won’t solve England’s housing crisis, say developers

Housebuilders welcome move but fear amending levelling up bill will cause months of delays

The Guardian - UK

Selling Super Houses: Channel 4’s new property show sees wannabe agents compete to sell trophy homes

Property mogul Paul ‘PK’ Kemsley plays the Alan Sugar role in this new format, which throws eight hopefuls into the heart of London’s prime market

Evening Standard

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Best Cities for First-Time Homebuyers

Here are the best cities for first-time homebuyers, according to a new study from Smart Asset. Texas nabs 5 spots.

Kiplinger

From socialism to private gyms: co-living has gone mainstream, and it feels like a mixed blessing

A series of new developments are dragging communalism out of the fringes. But can you really put a price on community, asks author Mim Skinner

The Guardian - UK

Homeless families evicted as landlords quit London emergency housing sector

London councils report 120% year-on-year rise in requests for return of properties used as temporary homes

The Guardian - UK

Rishi Sunak used helicopter for trip from London to Norwich

PM has gained reputation for fondness for using helicopters to travel short distances

The Guardian - UK

Housing shortages for university students will ‘worsen’ in some cities – charity

School leavers across the UK are preparing to start university next month after receiving their exam results.

The Independent UK

‘There’s nowhere to go’: a family made homeless in the UK housing crisis

Colin and Gemma Booth and their children are among more than 100,000 families in temporary accommodation in England

The Guardian - UK

OPINION - Labour shouldn’t rule out wealth taxes: it could regret it

Don’t ever open your mouth till you know what the shot is”: such is the timeless wisdom of real estate salesman Ricky Roma in David Mamet’s Glengarry Glen Ross, and it is a maxim that politicians always do well to heed. Until now, Rachel Reeves, the shadow chancellor, has observed…

Evening Standard

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The Independent UK

Record 88% of homeowner remortgage deals in April were with existing lender

Affordability constraints have affected some external remortgaging activity, with internal product transfers being more popular, UK Finance said.

The Guardian - UK

Evergrande shares plunge further amid China economy fears

Property developer’s value fell by more than $2bn as stock resumed trading after 17-month suspension

The Guardian - UK

TV tonight: a baffling new mystery thriller about a scammer

This new BBC drama follows an ‘ecopreneur’ trying to scam two women. Plus, a bracing documentary looks at AI. Here’s what to watch this evening

Chicago Sun-Times

President of Chicago-based National Association of Realtors quits after reports of sexual harassment

Kenny Parcell resigned from his post after The New York Times reported several women had accused him of sexual harassment such as forced physical contact and sending inappropriate messages.

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news in one place.

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The Guardian - UK

England’s rivers at risk as Michael Gove rips up rules on new housing

Exclusive: Announcement set to anger environmentalists, but builders say nutrient neutrality laws are exacerbating housing crisis

The National (Scotland)

'It feels like home': Inside the Scottish housing co-op keeping rents below £400

“One of the things I’m most proud of is we participate in our local area. We’re not ‘that commune down the street’. Our neighbours like…

Newsroom.co.nz

National frontbencher backs big party donor in $138m case against housing agency

Chris Bishop denies any conflict of interest, saying the question of whether developer Chris Meehan would get a meeting with a National Party prime minister is one for after the election. Jonathan Milne reports.

WhatToWatch

Selling the OC season 2: release date, trailer, cast and everything we know about the reality show

Selling the OC season 2 helps round out the summer reality TV season. Here’s everything we know about the new episodes.

The Conversation

Think curbing overseas migration will end the housing crisis? It won't – and we can't afford to do it

With the nation feeling the pressures of a housing crisis, some believe the Australian government needs to ease housing demand by limiting international migration.

The Guardian - AU

Record number of Australians at risk of mortgage stress as RBA interest rate rises bite

Roy Morgan research shows 1.5 million people – almost a third of all mortgage holders – are spending 25 to 45% of their income on their home loan

The Hindu

Property prices shoot up as Chennai Metro project makes a steady progress

Chennai Metro Rail has been a boon to the real estate sector, with land and property prices increasing by 20-40% in the last decade. Locations close to Metro command a premium, but prices on interior roads remain stagnant. Completion of projects is key to real estate price appreciation.

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