Real Estate | LATEST STORIES
NSW in Need of 150,000 Trade Workers in the Next 15 Years: Report
For NSW, it’s not so much a case of “build it and they will come” as a case of “where will they come from to build it.”
Realtors Split as New York City Seeks to Shift Broker Fees to Landlords From Tenants
A new bill will transform the market dynamics in one of the nation’s most sought-after rental markets, but controversy has arisen over what exactly it will do.
Average 30-Year Mortgage Rate Dips Slightly
Many would-be home buyers have delayed purchasing in hopes of lower interest rates.
Building Permits for Apartments Declined Nearly 30 Percent Since Pandemic: Report
Persistently high interest rates are restricting the ability of businesses to borrow money to invest in real estate construction.
NSW to Publish Housing Approval Figures by Each Council to Speed Up Building
The number of approvals and their timeframes of approvals will be published as NSW tries to reach its housing commitments.
Homes in California’s Big Cities Cost 10 Times More Than Average Income
Some of the highest disparities between wages and housing prices are in Northern California, especially Silicon Valley.
Western Australia Landlords Restricted to Increasing Rents Once a Year
The rental reforms comes as Perth is experiencing the tightest rental market in the country.
Laden With Debt, Gen Z Faces Daunting Housing Market
The obstacles holding younger generations back include historically high home prices, stagnant inflation, debt and spending habits, and wages.
Home Ownership Costs Highest in 17 Years, at Almost 35 Percent of Average Income: Report
Elevated home prices and mortgage rates caused home ownership costs to grow faster than wage increases, creating an affordability crisis.
Opinion: State Budgets Tinkering Around the Edges of Our Housing Crisis
The reason why we are struggling to build new homes is because the states have loaded their tax systems onto the housing sector.
Iowa Utility Board Approves Eminent Domain for Controversial CO2 Pipeline
The total project spans five states: Iowa, Minnesota, North Dakota, South Dakota, and Nebraska. It will slice through 2,500 miles of land.
California to Help 1,700 First-Generation Homebuyers With Down Payments
Those who receive assistance have 90 days to find a home.
House Prices to Increase Another 5 Percent by Year’s End: KPMG
KPMG expects a rise of 5.3 percent across capital cities and 4.5 percent across the country by December.
First-Time Buyer Mortgage Payments Have Jumped 61 Percent in 5 Years
Typical first-time buyers are having to fork out over £400 more per month on their mortgage repayments, according to Rightmove.
Housing Starts Drop in May as Builders Remain Wary of Elevated Interest Rates
The Midwest region saw the biggest drop, with housing starts crashing by more than 19 percent in a single month.
Housing Affordability Remains a ‘Pain Point’ for Too Many Americans: White House Economist
White House showcases efforts to reduce housing costs heading into November’s election.
US Home Foreclosure Filings Jump 3 Percent in May: Report
New Jersey had the highest foreclosure filing rate, followed by Illinois, Delaware, Connecticut, and Florida.
Discounts to Public Transport, Car Rego Part of Queensland’s Latest Budget
The government has also increased first home buyer grants in an electoral bid to target young families.
