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The Latest Breaking News from Housing Market

Homebuyers retake the upper hand in the cooling real estate market

This is a sign of how fast the housing market adjusted to the surge in mortgage rates that started in March.

Axios

Prime property prices in urban locations ‘rising faster than in rural areas’

Urban housing markets are expected to perform more strongly over the second half of the year, Savills said.

The Independent UK

What does political turmoil in the Conservative party mean for London house prices?

Help with the cost-of-living crisis could be delayed due to the “changing of the guard” slowing the housing market

Evening Standard

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Is South Florida's Housing Market Too Hot?

Zoning laws, a limited housing stock, and inflation have created a major housing shortage in the bubble-prone region.

Reason

Leading Miami housing expert offers big fix for home affordability crisis

Ned Murray is concerned about Miami’s housing affordability crisis, what he called “an extremely dire situation.” As one of the leading South Florida experts on the topic, Murray has been warning about this monumental threat for years. City and county elected leaders know well his economic development and housing market…

Miami Herald

Housing market ‘defied any expectations of a slowdown in June’

Across the UK, the average house price in June was a record £294,845, Halifax said.

The Independent UK

These companies have laid off 2,200 workers in Texas so far this year

Recession fears are beginning to create ripples in the Texas economy, especially in the pandemic-era hot housing market fueled by historically low interest rates.

Tribune News Service

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Telsey Advisory Cuts Price Target On This Home Furnishing Company - Read Why

Telsey Advisory Group analyst has lowered the price target of RH (NYSE:RH) to $285 from $375, implying a 33% upside. The analyst maintained an Outperform rating. The company announced a revised outlook for 2022, noting that demand trends have fallen due to macro headwinds such as rising interest rates and declining luxury home sales. The…

Benzinga

Southern California housing prices will fall, some experts say. The question is how much

Rising mortgage rates have slowed the housing market across the nation and Southern California. Sales are down, inventory is rising and many prospective buyers and sellers have a simple question: Will home prices fall?

Los Angeles Times

Housing Beat: Mortgage Rates Creep Down, Inventory Expands And Who Wants A Vacation Home Anymore?

The U.S. housing market closed June with a decline in mortgage rates, a bump-up in pending home sales, a growing number of available properties for sale and an evaporating enthusiasm for vacation homes.

Benzinga

Average UK house price hits new record high but there are ‘signs of a slowdown’

The housing market has retained a surprising amount of momentum given the mounting pressure on household budgets, Nationwide Building Society said.

The Independent UK

Conor Sen: Homebuilders still find plenty of demand in a cooling market

Surging mortgage rates have finally cooled off the housing market. The cooldown, though, is coming unevenly, accentuating differences between the existing home market and new construction.

Tribune News Service

Barclays Deepens Hosuing Market Share By Acquiring Mortgage Lender Kensington For ~$2.8B

Barclays PLC (NYSE:BCS) extends its reach in Britain's housing market with the acquisition of specialist lender Kensington Mortgage Company for 2.3 billion pounds ($2.8 billion), reported Reuters. Kensington is being sold by its private equity owners, Blackstone Inc (NYSE: BX) and Sixth Street. The deal would be funded from existing resources and reduce its core capital ratio…

Benzinga

The housing market squeeze pushes renters into bidding wars

Rising mortgage rates and a wave of millennials put more pressure on the rental market. Rents have soared by double digits, but landlords say they're also struggling with higher costs.

WEKU

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AAP

Regulators eye housing as rates increase

Australia's Council of Financial Regulators is keeping a close watch on developments in the housing market as interest rates increase.

Birmingham Post

UK housing market is 'house of cards', says property expert

Average annual house prices in Britain have risen again, new ONS data shows

Tribune News Service

Big, boxy apartment buildings are multiplying faster than ever

Amid the materials shortages, price hikes and other craziness of the housing market last year, something remarkable happened. U.S. builders completed more apartments in large multi-unit buildings than ever before.

The Independent UK

May house sales down around 5% on a year earlier

The figures could be a sign of the impact of rising mortgage rates and living costs on the housing market, according to some experts.

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ABC News

Queensland budget handed down by Treasurer Cameron Dick, health the big winner with coal royalties increasing

Handing down his third budget, Treasurer Cameron Dick reveals Queensland will deliver a net operating surplus at the end of this month, thanks to surging coal and oil prices and a booming housing market.

AAP

Budget figures reveal Qld housing pressure

There is little relief for those at the bottom of Queensland's housing market, with state budget figures showing how hard it is to find a stable home.

The Conversation

Ontario must commit to affordable housing for all, not attainable housing

During his provincial election victory speech on June 2, Ontario Premier Doug Ford said he aimed to build more housing to make the housing market more “attainable” for everyone.

The Independent UK

Housing market slows retreat from rising seas, bigger storms

Hot real estate markets have made some homeowners wary of participating in voluntary flood buyout programs

Miami Herald

The Week Ahead: Disrepair or renovating confidence — a check on the state of housing

The American housing market has weathered the COVID-19 pandemic in good health. It has been able to flourish despite (or in some places because of) infection rates, protective measures and changing lifestyles.

Benzinga

Housing Beat: Mortgage Rates Soar While Housing Starts Drop

It was a seesaw week in the U.S. housing market, with mortgage rates taking off like a rocket while housing starts sank like a rock.

Los Angeles Times

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same'

Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost.

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