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 Stagnant Housing Market Is About to Face a 7% Mortgage
Mortgage rates are closing in on 7% for the first time since the beginning of last year, promising more pain for prospective home buyers already wincing at record-high home prices and an uncertain economy. Last week, 30-year fixed rates averaged…
Southwest Florida housing market recalibrates as prices rise
Southwest Florida faces a housing market that is still in recalibration mode after the COVID-19 pandemic, according to Florida Gulf Coast University's September Regional Economic Indicators report. Residential active listings were down 21% in July…
Bessent grilled on AI, bond market in tense House hearing: 3 takeaways
Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent…
Maine senators push for Senate to take up House whale bill championed by lobster industry
Maine's two senators are urging the Senate Commerce Committee to take up and advance House-passed legislation that would extend a pause in rulemaking on protections for the right whales in an effort to safeguard the state's lobster industry. The…
Mortgage rates surge to 7.22% as rising costs impact Connecticut housing market
Connecticut real estate and mortgage experts say higher rates appear to be cooling some of the competition among homebuyers.
Sheffield homes evacuated after discovery made at house
Homes have been evacuated after bomb disposal experts were called following a discovery at a house in Sheffield. South Yorkshire Police said a 100m (328ft) cordon had been put in place around the property on Mapplebeck Road in High Green following…
Brisbane still the best place to sell a house despite slowing market
Brisbane remains the best place to make a buck reselling property despite a declining market, with sales in the city returning the highest profit of any capital in the June quarter. The city has held that title for two years, with sellers pocketing…
House sinks Al Green bid to impeach Trump
House lawmakers voted Tuesday to sink a Democratic effort to impeach President Trump over the administration's aggressive deportation agenda. Sponsored by Rep. Al Green (D-Texas), the resolution accused Trump of abusing his powers by launching an…
Mayor of London Sadiq Khan sworn into House of Lords
The Mayor of London, Sir Sadiq Khan, has taken his place in the House of Lords. Sir Sadiq, who has become Lord Khan of Tooting, took the oath in the upper chamber at the start of business as he became a Labour member of the Lords. Lord Khan has…
Housing downturn ends record profit run for sellers
The latest sales figures from Cotality show Brisbane properties made a median of $525,000 profit at resale in the June quarter. Brisbane is the most profitable capital for sellers, despite a national downturn in property prices. Cotality's head of…
Watch live: Bessent faces House questions on economy
Treasury Secretary Scott Bessent will testify Tuesday before the House Financial Services Committee on the state of the U.S. financial system, as President Trump's economic agenda faces scrutiny amid the Iran war and tariff battles. Trump's latest…
Meta Touts the Cost-Saving Benefits of Latest In-House AI Chips
Meta Platforms Inc. plans to begin deploying a new in-house artificial intelligence chip in data centers during the first half of next year, a move it says will save money and energy when running AI models. The company, which first announced plans…
Somali Muslims defrauded by housing scheme claiming to be 'sharia-compliant'
State officials alleged that Benoit and Legatt “targeted Minnesota's Somali Muslim community” using “highly abusive” land contracts that levy hidden fees by upcharging Somali clients on loans and tacking on past due…
Housing proposed for green belt site near Harrogate
Joe Willis Local Democracy Reporting Service Plans for 150 homes on green belt land near Harrogate would address a 'severe' housing shortage in the area, according to a developer. Forward Investments LLP has submitted an outline application for…
Housing proposed for green belt site near Harrogate
Plans for 150 homes on green belt land near Harrogate would address a 'severe' housing shortage in the area, according to a developer. Forward Investments LLP has submitted an outline application for land south of Smithy Close and west of Thirkhill…
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