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The Latest Breaking News on Real Estate

This is the average rental cost in the UK as prices reach new record high

The average monthly rental cost for properties inside and outside of London in the UK has reached a new record high, figures from Rightmove reveal.

The National (Scotland)

House flippers criticised after selling $260,000 home for more than $1.2m: ‘Greedy and delusional’

Renovated home’s million-dollar markup sparked a debate about house flipping

The Independent UK

MPs must close loophole to drive out dirty money from UK property

With legislation to tackle hidden ownership delayed until autumn, the job must not be half-done

The Guardian - UK

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Glasgow tenants protest 'loophole' rent hikes amid cost of living crisis

THERE has been a number of protests outside Glasgow’s letting agents over rent increases – due to a “loophole” in legislation.

The National (Scotland)

Camden Council breaches consumer standards as 9,000 homes without smoke alarms

Thousands of fire safety actions are overdue in social homes, a watchdog has found

Evening Standard

2021 statements about role of outside lawyer could play a part in Ken Paxton impeachment trial

Paxton’s top aide told senators that an agency-hired lawyer worked with the Travis County district attorney’s office to investigate a complaint by Nate Paul. County prosecutors dispute that.

The Texas Tribune

John Lewis Partnership slashes HQ size with new London office letting

The employee-owned business will have a new base at One Drummond Gate

Evening Standard

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Private rents outside London have risen by a third in four years, data shows

Rightmove says average advertised rent in Great Britain is at all-time high of £1,231 a month outside the capital

The Guardian - UK

London rent crisis: asking rents have risen by more than £550 a month in four years

The shocking rise in the price of being a London tenant over the past four years has been revealed today

Evening Standard

4 Smart Steps To Take Before Buying Your First Home

Here are four things you need to do years before you start house-hunting to prepare yourself financially for the biggest purchase of your life.

Kiplinger

Pioneering environmental justice organization threatened with eviction from South Side headquarters

The group founded in Altgeld Gardens in 1979 was part of a federal civil rights complaint prompting a city settlement with the Department of Housing and Urban Development.

Chicago Sun-Times

HMDA organises pre-bid meeting for auction of Neopolis Phase-II plots

The Hindu

Bankrate: Can you back out of a house offer once it’s accepted?

When you’re buying a home, the sale can fall through for many reasons. But what if you just change your mind? If you’re in contract to buy a home but are having second thoughts and want to back out of your accepted purchase offer, things can get complicated. When is…

Tribune News Service

You can earn $100,000 a year in these Bay Area counties and still be ‘low-income’

In the exorbitantly expensive Bay Area, you can earn a six-figure salary and still be considered low-income.

Tribune News Service

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Tribune News Service

Existing-home sales fall but prices continue rising

The housing market remained soft in June, a new report by the National Association of Realtors (NAR) shows. Sales of existing homes — previously occupied properties, rather than newly built homes — resumed their long downward slide, dropping 3.3%. The number of sales in June was off 18.9% compared to…

The Independent UK

Average long-term US mortgage rate falls to 6.78% this week to lowest level in four weeks

The average long-term U.S. mortgage rate slipped this week to the lowest level in four weeks, a boost for house hunters facing a market held back by persistently high prices and a near-historic low number of homes for sale

StockNews.com

Are These 3 Building Material Stocks a Good Buy?

With the increasing global population coupled with people moving to urban areas, the demand for infrastructure and housing is expected to increase. Is it a good time to invest in three building material stocks Griffon Corp (GFF), United States Lime & Minerals (USLM), and Argan, Inc. (AGX)? Let’s find out….

The Guardian - AU

Sydney renter receives no-grounds eviction notice after requesting shower rail under NDIS plan

Real estate agency says it ‘strongly rejects’ any suggestion the notice was related to the request

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The Independent UK

New legislation ‘should mean nobody’s life is put at risk’ in social housing

The new Act includes Awaab’s law and measures campaigned for in the wake of the Grenfell Tower fire.

The Independent UK

Home sales fell in June to the slowest pace since January, limited by near-historic low inventory

Sales of previously occupied U.S. homes fell in June to the slowest pace since January, as a near-historic low number of homes for sale and rising mortgage rates kept many would-be homebuyers on the sidelines

The Independent UK

M&S plans to demolish Oxford St store refused by Michael Gove

Planning inspectors for the local authority had originally recommended that the proposals be approved.

The Guardian - UK

Hope for homebuyers as rates fall on UK fixed mortgage deals

Small drops in average rates for two- and five-year fixed mortgages follow easing of inflation rate in June

Evening Standard

Look up! How our iconic front page is set to be broadcast across London’s version of Times Square

From next week, an animated version of the Evening Standard’s iconic cover will go live on the most advanced immersive screens in the world at Outernet London. Katie Strick reports

Kiplinger

Eight Great Places to Live in Texas

Over the last two decades, the Texas population has more than doubled, with people drawn to the state's lack of personal income tax and affordable cost of living. Here are eight places to live in Texas for those looking to make the move.

Zenger

First-Time Investor Alfred Dzadey Amasses $5.5M Real Estate Portfolio In Just 3 Years

Dzadey's strategic approach and property management expertise fuel rapid growth in monthly earnings

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