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The Latest Breaking News on Real Estate

Hobart rental market listings jump 37pc in a year, but reasons unclear

Hobart has seen a big jump in the number of properties on the rental market in the past year, but the reasons are unclear and many properties are still unaffordable.

ABC News

Bankrate: Existing-home sales, prices decline again

The housing market remained soft in April, 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. The number of sales in April was off 3.4% from last month and…

Tribune News Service

Real Estate Pioneer Samuel Zell Has Died At 81

Zell left a legacy and an impact in the real estate industry as well as he took his company public in the New York Stock Exchange.

Zenger

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Michael Gove says £20m hub at derelict Mansfield Beales store will help town fulfil ‘potential’

The large department store closed its doors in 2019 after Beales went into administration and has remained vacant ever since

Nottingham Post

International students faced with housing and cost-of-living stress say they were misled about Australia

International students say they are being blamed for the rental crisis, but they're also facing housing stress and exploitation. Their horror stories are being shared back home and other students are now ditching plans to come to Australia.

ABC News

Rent increases are skyrocketing, but negotiations are still happening. Here's how people are doing it

If a rent increase is on the cards, here's how you can get on top of it without straining your relationship with the landlord.

ABC News

A few cities are regaining residents after shrinking during the pandemic

The vast majority of American cities are shrinking, but new data shows that a few are regaining residents after population declines early in the pandemic — bolstered, perhaps, by the rapid construction of new homes.

Tribune News Service

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Federal judge says Clarence Thomas ethics complaints mishandled more than a decade ago

WASHINGTON — The federal courts’ policymaking body in 2011 mishandled ethics complaints surrounding financial disclosures by Justice Clarence Thomas, a sitting federal judge testified Wednesday.

Tribune News Service

Sam Zell dies at 81; Chicago real estate tycoon owned Tribune Co.

The billionaire, known as “the grave dancer” for picking up distressed assets, once owned the Tribune Co., which went into bankruptcy.

Chicago Sun-Times

South Shields hotel sold out of administration to Yorkshire firm with plans to invest

The Sea Hotel near Ocean Beach Pleasure Park had continued to trade after insolvency specialists were called in last year

Birmingham Post

Hull's world class connectivity flagged to investors at UKREiiF

Real estate and investment professionals hear all about city's digital advantages as opportunities outlined

Birmingham Post

Wirral Council accused of 'unreasonable behaviour' as developer wins appeal

The 32 flats will be built on an old fire station

Liverpool Echo

Northern Ireland builder spared jail over shoddy work that cost thousands to repair

Judge Geoffrey Miller KC told accused “you are, like the foundations of the building work you carried out, a man of straw”

Belfast Live

Extending East Lothian farmworkers cottage will 'improve its environmental footprint'

The Ballencrieff cottage was originally built to house farmworkers in the 1930s and has a large garden which was provided at the time so tenants could grow their own fruit and vegetables

Edinburgh Live

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Wales Online

Selling Sunset season 6 release date and time, full cast list and how many episodes

When is Selling Sunset season 6 coming out on Netflix? Everything you need to know as Chrishell Stause and co return to screens with new agents Bre and Nicole

The Guardian - AU

Real estate agents push back against Australian privacy law changes designed to protect personal data

Real Estate Institute of Australia president says ‘another component of risk that might prove detrimental to free enterprise’

The Guardian - AU

Clover Moore warns NSW government against sale of state-owned land

Exclusive: Sydney’s lord mayor calls plan to sell unused parcels to develop housing ‘disappointing’

The Guardian - UK

Era of ‘massive’ UK house price rises nearing end, says OBR economist

David Miles says working from home, stalling population growth and higher interest rates will shape market

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Wales Online

'Unprecedented' strain on council's homelessness team as calls soar

Cardiff Council figures also showed that progress had been made despite major challenges

The Independent UK

Home sales, prices fell in April as limited listings, elevated mortgage rates frustrate buyers

Sales of previously occupied U.S. homes fell again last month, more evidence that many prospective homebuyers are being held back by a persistently low inventory of homes for sale and elevated mortgage rates

Tribune News Service

Real estate Q&A: Does my neighbor have to pay for water damage?

Q: The upstairs neighbor in my high-rise condominium had a leaking toilet, and the water damaged my ceiling. The repairs cost me over a thousand dollars. It took several phone calls and follow-ups to get him to fix the leaking toilet, and now he refuses to pay for the necessary…

Evening Standard

Sunak rules out building on green belt after Starmer backs move as he warns of housing crisis

The Prime Minister wants to ‘make sure our green spaces are protected’ after being accused by Sir Keir Starmer of killing off the dream of home ownership by failing to build

Tribune News Service

Millennials and homebuying: Real estate adapts to the largest generation

Millennials are the largest generation in the U.S., and everyone has been expecting members of this massive demographic cohort to reshape the housing market. So far, however, it hasn’t quite happened.

Chicago Tribune

Chicago’s rental market is stabilizing but seeing some of the fastest price increases in the US

Bidding wars. Lack of inventory. Offers above asking price. All characteristics of the hot local housing market, these trends are now also showing up in Chicago’s rental market.

Edinburgh Live

New Edinburgh town with 7,000 homes set for outskirts of the city

The highly anticipated West Town near Gogar is set to deliver 7,000 homes and the development has moved one step closer after the council announced an agreement with the land owners

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