Housing Industry News
A collection of Housing latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Housing Market's Hidden Risk: Mortgage Buydowns As A Threat To The Industry (BATS:ITB)
Housing affordability has sharply deteriorated, with median income well below what's needed for the median home price. Rising interest rates and increased use of mortgage buydowns, especially temporary ones, pose mounting risks for both consumers…
Prestige housing markets lead the downturn with double-digit declines
A year ago, prestige real estate agent Rob Curtain took an offer for the owners of a clifftop home in Flinders, on Victoria's Mornington Peninsula, of $10.25 million, which the owners didn't accept due to family circumstances at the time. Six weeks…
Hedge fund shorts Australia's housing market, targets REA
A Sydney-based hedge fund is targeting Australia's largest real estate listings company, REA Group, betting that the Reserve Bank's aggressive interest rate cycle and sweeping tax changes announced in the budget will intensify the slump in property…
San Diego's housing market splits as starter home prices slip
Prices for San Diego's so-called ' starter homes ' are falling, according to the First American Data & Analytics Home Price Index. But it's not all good news. The big picture: That drop is due to higher mortgage rates impacting lower-budget buyers…
High mortgage rates dampen central Indiana housing market, expert says
INDIANAPOLIS (WISH) — The central Indiana housing market is feeling the impact of high mortgage rates. Buyer demand has been dampened by significant, steady increases in mortgage lending rates, adding continued affordability pressure to home…
Maine's September housing market broke the usual mold
Each month, when Maine Listings and the Maine Association of Realtors release their reports on the state of the housing market, there are a few facts that can almost always be relied on: Cumberland County will be the most expensive county in Maine…
Winter comes early for US housing market as sales continue to dip
READ MORE: Home sellers are slashing prices across the country US home sales plummeted in September as high mortgage rates continued to price buyers out of the market, forcing sellers to offer discounts and incentives to close deals. Existing-home…
New Help to Buy scheme could slow housing market, warns Bellway
Bellway has warned the government's revival of the Help to Buy scheme could further slow the housing market in the near term by encouraging housebuyers to delay decisions. The FTSE 250 housebuilder said Labour's new equity loan scheme, Your First…
The housing market could finally become affordable again. Here's what it would take
Americans facing high housing costs could see some normalization of prices in the years ahead, though a new report cautions that the timeline varies widely based on market dynamics and across different metro areas. Redfin released an analysis last…
Protest as Meopham farmland housing plans go to inquiry
Campaigners have gathered outside a planning inquiry which is looking into plans for up to 150 homes in a Kent village, amid residents' concerns about development on agricultural land. The proposal by Taylor Wimpey South East for land west of…
Protest as Meopham farmland housing plans go to inquiry
Phil Harrison, in Gravesend and Tanya Gupta, South East Campaigners have gathered outside a planning inquiry which is looking into plans for up to 150 homes in a Kent village, amid residents' concerns about development on agricultural land. The…
Hezbollah launches housing compensation program for war-hit families
Oct. 13 (UPI) -- BEIRUT, Lebanon, Oct. 13 (UPI) -- Iran-backed Hezbollah announced Tuesday a financial assistance package for families and displaced people whose homes were destroyed, severely damaged or rendered uninhabitable during the war with…
Zacharia's first spin at White House podium draws rocky reviews
White House press secretary Katie Zacharia was met with a barrage of criticism following her first briefing in her new role, leading some to question the future of her tenure shortly after she was tapped for the job. Zacharia on Tuesday delivered a…
White House asks Guilfoyle to resign amid mounting scandals
White House press secretary Katie Zacharia said on Tuesday the Trump administration has asked U.S. Ambassador to Greece Kimberly Guilfoyle to resign. The news comes after President Trump told reporters on Monday that he was considering firing…
Trust running Shambellie House near Dumfries to cease trading
The trust which took over Scotland's former national museum of costume has announced it will cease trading in January. Shambellie House at New Abbey near Dumfries closed in 2013, with its contents transferred to Edinburgh. A trust was set up two…
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