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The Latest Breaking News on Real Estate

Growth fears, expiring fixed rates fuelled RBA's pause

The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.

AAP

Ariana Grande and husband Dalton Gomez reportedly separate after two years of marriage

‘Wicked’ star was spotted without her wedding ring at Wimbledon 2023

The Independent UK

Chicago aims to turn Diplomat Motel into ‘healthy housing’ for homeless people — with much more than a roof overhead

Chicago officials are closing in on plans to transform a budget motel along North Lincoln Avenue into a housing pilot that would provide on-site substance abuse and mental health treatment — part of the city’s long-term efforts to combat chronic homelessness by pairing temporary shelter with intensive health care.

Chicago Tribune

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Commentary: More money, same problems: My fellow California Democrats keep repeating this mistake

The California Legislature is poised to begin its summer recess having passed the latest state budget. The $310 billion plan is a reflection of our values, dedicating spending to getting homeless people off the street, supporting schools, keeping public transit afloat and treating mental illness. As a member of the…

Los Angeles Times

LSGD amends order requiring ex-service persons to submit annual affidavits for building tax exemption

The Local Self-Governments department has amended an earlier order directing ex-service persons or widows of ex-service persons to submit affidavits annually to get property tax exemption, following several complaints that many lost out on the benefit due to the rule. As per the amendment, they need to resubmit applications only…

The Hindu

Where to Rent: These Are the Most In-Demand Cities in the US

Want to know where to rent? Here are the cities that gained popularity in June.

Kiplinger

House prices: average asking prices fall by £905 as interest rate rises hit buyer affordability

Rising mortgage rates are biting, while rents on new lets reached a record high in June

Evening Standard

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UK housing slowdown hits market confidence as asking prices fall

Homeowners’ worries are affecting national mood, poll shows, as figures reveal small drop in prices

The Guardian - UK

Renting in London: the desperate battle to rent homes in the capital’s hottest district

Prices are soaring for would-be tenants in this south-west London borough — and people are making ever-snappier decisions

Evening Standard

National plans to let students dig into KiwiSaver for flat bonds

National is promising students a way through the price shocks of flat life, but they’ll have to dig into their own savings to do so.

Newsroom.co.nz

Average price tag on a home fell by £905 in July – Rightmove

Rising mortgage rates are biting, according to Rightmove, as a separate report from Hamptons said rents on new lets reached a record high in June.

The Independent UK

First female RBA governor to bring 'reform agenda'

The incoming governor of the Reserve Bank, Michele Bullock, will have a full plate overhauling the major institution and laying out new ground rules.

AAP

WA to stand alone in keeping no-fault evictions

WA Premier Roger Cook has suggested banning no-fault evictions would put an unnecessary burden on landlords as a fifth state promises to outlaw the practice.

AAP

'I have a mountain of respect' for Lowe: Treasurer

Treasurer Jim Chalmers is unable to say if inflation can come back down without a rise in unemployment but declined to comment on the RBA's July rate decision.

AAP

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The Guardian - US

Florida rocked by home insurance crisis: ‘I may have to sell up and move’

Soaring hurricane-cover premiums are bad news for the state’s homeowners – and Ron DeSantis is accused of dragging his feet

Tribune News Service

Conor Sen: Maine is the new Florida for climate migrants

Millions of Americans have moved to the Southeast over the past few years, bringing immense wealth and transforming real estate markets in places like the suburbs of Dallas and Atlanta. This Sun Belt migration has created a longer-term opportunity in parts of the north as well.It's long been common for…

Chicago Sun-Times

Vacant houses in Englewood are priced as low as $5,000 to provide ‘equity’ to potential homebuyers

The Cook County Land Bank Authority is piloting a program to make homeownership more attainable in Englewood, where the majority of the organization’s vacant homes are located.

Tribune News Service

Accused Gilgo Beach serial killer Rex Heuermann pleads not guilty to three murders

NEW YORK -- Long Island architect Rex Heuermann pleaded not guilty Friday afternoon to charges of killing three women in the long-unsolved Gilgo Beach murders — a brutal spree that fascinated and horrified New Yorkers for more than a decade.

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Tribune News Service

Suspect in Long Island Gilgo Beach serial killings arrested; identified as architect Rex Heuermann: police sources

NEW YORK -- A Long Island man was arrested in the long-unsolved Gilgo Beach murders of 10 victims in a brutal killing spree targeting young women more than a decade ago, police said Friday.

The Guardian - UK

Alan Evans obituary

Other lives: Professor of environmental economics whose work highlighted the problems of unaffordable housing

The Independent UK

Manhattan architect, family man and accused serial killer: Who is Gilgo Beach suspect Rex Heuermann?

A Manhattan architect and father-of-two has been arrested in connection to one of the most infamous unsolved serial killer cases along the East Coast. So who really is Rex Heuermann? Rachel Sharp reports

The Guardian - AU

Yes in my back yard! Sydney and Melbourne activists demand ‘soft density’ to ease housing crisis

Disparate groups frustrated by lack of affordable properties are taking the fight to Nimbys as they campaign to relax planning curbs and reinvigorate suburbs

Evening Standard

Resurfaced gems: 10 homes in London up for sale for the first time in years – including a listed Moorish villa

Right place, right time? These homes haven’t been on the market in decades – so a little modernising may be in order

The Hindu

The remarkable surge of interest in plotted developments is an outcome of the pandemic

High- and ultra-high-net-worth individuals are increasingly investing in weekend homes or private villas, built in the peripheries of cities

Evening Standard

London house prices: the best and worst-performing London areas — and what to do if you have to move now

Current house price adjustments follow years of significant increases in value. Here’s which London boroughs have outperformed the rest in recent years

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