Housing Industry News
A collection of Housing latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Zillow economist gives somber outlook on housing market, mortgage rates
The U.S. housing market could face another difficult stretch as stubbornly high mortgage rates keep potential buyers on the sidelines, as Zillow has warned that the slowdown may get worse before it gets better. Newly pending home sales fell 17…
New home loans dropped by a record 15% as Australia's housing market downturn deepens
New mortgage loans dropped by a record 15% in the September quarter as the housing market downturn deepened, led by a 30.6% dive in lending to investors, official figures on Wednesday showed. The Reserve Bank's five interest rate hikes and stagnant…
Democrats press White House on prediction market betting by staff
Two Democratic senators are pressing the White House to disclose whether employees have used inside information to trade on prediction market platforms. Sens. Elizabeth Warren (D-MA) and Jeff Merkley (D-OR) sent a letter to White House counsel Will…
High borrowing costs and low demand create 'most-balanced' housing market in 10 years
INDIANAPOLIS — October brought high borrowing costs and low demand to the central Indiana housing market. However, experts are calling this the most balanced market in a decade. That's according to Dan Brown, a realtor with F.C. Tucker. He…
Why is Scotland's housing shortage getting worse?
It is three years since Scotland's largest cities declared 'housing emergencies', followed months later by the nation as a whole. Since then, homelessness has hit record levels while the cost of renting or buying property has continued to rise. The…
Why is Scotland's housing shortage getting worse?
Phil Sim, Andrew Picken and Aimee Stanton, BBC Scotland It is three years since Scotland's largest cities declared 'housing emergencies', followed months later by the nation as a whole. Since then, homelessness has hit record levels while the cost…
Taylor Wimpey cuts housing targets in 'subdued' market
Shares in Taylor Wimpey slipped on Wednesday after the housebuilder blamed the “subdued” property market for cuts to its housing and profit targets. The London-listed builder said rising mortgage rates caused by the Iran war are…
House Republicans quash effort to impeach Defense Secretary Hegseth
Add Boston.com on Google (opens in a new tab) Add Boston.com as your preferred source on Google to see more of our stories. WASHINGTON (AP) — The House on Tuesday turned aside a resolution to impeach Defense Secretary Pete Hegseth, halting…
This ain't your parent's housing correction. It will be much worse
Commonwealth Bank chief executive Matt Comyn will hardly be thrilled about the downturn that has started in the housing market and is about to spread across the rest of the economy. Australia's banks are a mirror of the economy, with leverage. When…
Legacy Housing Names McCallon as CFO, Succeeding Langbert
Legacy Housing appointed Darren McCallon as chief financial officer, succeeding Jon Langbert. Langbert resumed his retirement on Nov. 6, the company said Tuesday. McCallon has been CFO of Fortune Insurance, overseeing that company's sale to…
US House blocks bid to impeach Defence Secretary Pete Hegseth, for now
Bernd Debusmann Jr, White House reporter and Ana Faguy, on Capitol Hill An effort to impeach US Defence Secretary Pete Hegseth for waging war on Iran without congressional authorisation has failed on Capitol Hill. A majority of the House of…
US House blocks bid to impeach Defence Secretary Pete Hegseth, for now
An effort to impeach US Defence Secretary Pete Hegseth, accusing him of waging war on Iran without congressional authorisation, has failed on Capitol Hill. A majority of the House of Representatives agreed to refer impeachment articles to a…
House Republicans quash effort to impeach Defense Secretary Hegseth
WASHINGTON — The House on Tuesday turned aside a resolution to impeach Defense Secretary Pete Hegseth, halting an effort to remove the Pentagon chief for his conduct in office and his handling of the war in Iran. The vote came as Republicans…
House rejects Hegseth impeachment as GOP selects Jordan and Thune as leaders
The political shakeup in Washington continues today as Republicans chose their leaders for the next Congress. After hours of closed-door discussion, Senate Republicans reelected John Thune as their leader, and, in the House, Republicans selected…
House Republicans select Brian Jack as new campaign chief
A House Republican in the room told the Washington Examiner that both candidates pushed for the NRCC to get involved in House primaries to protect incumbents in future cycles. The move would mark a strategic departure from the committee's current…
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