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The Latest Breaking News on Real Estate

Is now a good time for first time buyers to apply for a mortgage? Mortgage brokers' advice on 2023 market

First Time Buyers can now borrow up to 4 times their income

Dublin Live

‘A national disgrace’: Thousands of complaints about damp and mould in England social housing

The Housing Ombudsman received 5,838 complaints about leaks, damp and mould in the three years to March 2022, figures show

The Independent UK

Taylor Wimpey warns of further sales fall in 2023 as first-time buyers struggle

CEO tells The Standard house prices probably peaked in September before shockwaves from the ’infamous’ mini-Budget hit the market

Evening Standard

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Thousands of complaints about leaks, damp and mould in social housing in England

The Housing Ombudsman received 5,838 complaints about leaks, damp and mould in the three years to March 2022, figures show

The Independent UK

Extension of rent freeze for private tenants planned

Opposition politicians and industry bodies hit back at proposals

Insider UK

Dad cooking young son's tea horrified as rat appears in kitchen next to him

Jamie Burns said he doesn't now what to do any more, claiming nothing has been done to solve the family's problems

Liverpool Echo

The new Nottinghamshire council homes left in limbo after foundations issues

The council said it was working with a contractor to complete a 'new and full investigation'

Nottingham Post

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Dubbo landlords making the highest rental yields amid housing crisis, CoreLogic data shows

Dubbo landlords are making the biggest profit margins in NSW, with the cost of rent rising a further eight per cent in the past year, according to CoreLogic data.

ABC News

Refinancing kicks up a gear as rates bite

Rising interest rates have prompted a surge in refinancing as borrowers look to lock in a better deal.

AAP

Berkeley's People's Park is again in a fight for the ages, now over UC student housing

People's Park — among California's most contested and colorful patches of public land and a '60s era symbol of free speech and community power — is again embroiled in a battle for the ages, this time involving the University of California, Berkeley, a key environmental law and the acute student…

Los Angeles Times

London first-time buyers spend two-thirds of take-home pay on mortgage payments — the most in 33 years

Sharpest quarterly rise in repayments:earnings ratio leaves new entrants to the property market the worst-off since 1990

Evening Standard

Bold plans for community-led housing revolution on council land across Liverpool

Seven city sites already identified where vacant land and properties could be turned into new homes for communities

Liverpool Echo

Kojonup mixed farm sells for state record of $100 million, experts say WA farmland could be highly undervalued

Experts say the state's farmland could be significantly undervalued, following a surprise nine-figure sale in the Great Southern region.

ABC News

Lightfoot’s plan to ‘reimagine La Salle Street’ takes shape

The City Council’s Finance Committee approved a $5 million grant program to entice neighborhood restaurants and “cultural” establishments to open downtown.

Chicago Sun-Times

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Liverpool Echo

Calls to stop landlords refusing to rent to people on benefits

One councillor found more than 65% of landlords on one website refused to rent to people on benefits

The Conversation

Canada's ban on foreign homebuyers is unlikely to affect housing affordability

As of Jan. 1, 2023, foreign buyers are banned from buying homes in Canada for two years under the Prohibition on the Purchase of Residential Property by Non-Canadians Act. The ban was passed in June 2022, but only came into effect this month.

ABC News

National rents soared by 10.2 per cent last year. Here’s how much rent costs in Australia’s most expensive and affordable suburbs

Tenants endured the biggest-ever rent increases last year, with national rents jumping by 10.2 per cent.

Tribune News Service

New — and old — strategies for cash-strapped home buyers

Housing prices have more doubled during the past decade, and mortgage rates have done the same in less than a year. So what's a cash-strapped home buyer to do?

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news in one place.

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Tribune News Service

Dallas-Fort Worth’s 38% decline in new home construction is the largest since 2009

The end of 2022 marked the largest decline in quarterly North Texas home starts since the Great Recession as buyers pulled back due to higher mortgage rates and affordability challenges.

Tribune News Service

‘Housing will remain weak throughout the winter,’ economist says

There is one troubling word that Freddie Mac’s chief economist Sam Khater uses to describe the winter 2023 housing market: weak.

Reuters

Resetting ties, UK's Sunak to have private dinner with Scotland's Sturgeon

British Prime Minister Rishi Sunak will travel to Scotland and meet first minister Nicola Sturgeon on Thursday for a private working dinner, as part of efforts to reset the two nations' strained ties.

ABC News

Higher interest rates for struggling borrowers set to compound mortgage woes

Hundreds of thousands of the most vulnerable mortgage borrowers risk being locked into uncompetitive interest rates as falling property values reduce or remove their ability to refinance.

Daily Record

Extension of rent freeze for private tenants backed by SNP/Green Government

The rent cap expires on March 31 but Scottish ministers can seek parliamentary approval to extend the legislation for two six-month periods if necessary

Belfast Live

Northern Ireland councils get new powers to fine landlords

Councils can fine on breaches concerning tenancy deposits, receipts, and notice to quit a tenancy.

Wales Online

Homes Under The Hammer bargain seaside house that had Martin Roberts 'in a state of shock'

The journey of the renovation of this Welsh terrace has been a long one, with the BBC's popular property show Homes Under The Hammer having to revisit twice over almost eight years

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