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MYSTERIOUS: 46 | Mind Blowing Facts

Queensland's forecast budget surplus more than doubles to $4.3b off the back of a booming housing market

Queensland more than doubles its expected budget surplus after the booming housing market pumped billions of extra dollars into the state's pockets.

ABC News

This Real Estate Brokerage Believes The Residential Housing Market Is In Peril and 'Winter Is Coming'

Rising home mortgage interest rates, a lack of seller inventory and still high home prices have thrown the residential real estate industry and investment strategies into a tailspin.

Benzinga

Inflation and the housing market: What you can do as prices spike

Inflation isn’t done with the American public yet.

Tribune News Service

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Is the housing market about to crash? Here’s what experts are saying

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally is slowing. While demand and price gains are cooling, any correction is likely to be a modest one, housing economists and analysts say. No one expects…

Tribune News Service

Global housing market pain has echoes of a crash 30 years ago

When Covid sent the UK economy into lockdown in 2020, the government jumped in to help the property market by cutting a tax on purchases. The temporary measure triggered a kind of mania among buyers, who responded by bidding up average prices by £31,000 ($35,000) — more than double the…

Tribune News Service

Average UK house price hit record high of £296,000 in August

Housing market professionals are expecting house price growth to slow amid the recent rise in mortgage rates.

The Independent UK

Bellway reveals drop in housing demand and warns of a potentially shrinking market after mini-Budget

CEO tells The Standard the min-Budget is “pretty much 100%” to blame for drop off in housing market demand

Evening Standard

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Housing market expected to benefit as Hunt rips up mini-budget

Savills says move is ‘best feasible outcome’, but some experts say risk remains of ‘significant’ house price falls

The Guardian - UK

Teresa Ghilarducci: Looking to buy a house? It's not the worst time

As the housing market heated up during the pandemic, many would-be homeowners found themselves unable to buy despite making multiple offers or waiving inspections. Now, rising mortgage rates and low inventory may have them feeling quite depressed. In May, consumer sentiment about home-buying reached an all-time low. And yet if…

Tribune News Service

The Week Ahead: Is the housing market braking or breaking?

Imagine if the housing market were covered in the news like the stock market.

Miami Herald

Mortgage lenders ‘should feel confidence to put more products on the market’

Some of the downward pressure on house prices and transactions will be tempered following the Government’s U-turn, a housing market expert suggests.

The Independent UK

Housing markets tumbling, a signal that a wider recession is coming

ATLANTA — The housing market is cooling quickly across the country under the weight of rapidly rising interest rates, a reversal that will worsen any economic slowdown in the months ahead, several real estate experts are warning.

The Denver Post

Experts say ‘storm clouds are visible’ in the housing market

Mortgage market turmoil in recent weeks has compounded increasing economic uncertainty, the Royal Institution of Chartered Surveyors said.

The Independent UK

UK’s 13-year housing market boom to end in 2023, surveyors predict

RICS report says rise in repossessions will add to supply while soaring interest rates price buyers out of market

The Guardian - UK

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The Independent UK

‘Storm clouds gather’ over housing market as mortgage rates rise

Mortgage market turmoil in recent weeks has compounded increasing economic uncertainty, the Royal Institution of Chartered Surveyors said.

Insider UK

Scottish housing market outlook challenging, amid reduced market activity

New buyer enquiries in Scotland fall for third consecutive month

WEKU

With mortgage rates near 7%, the housing party is over. Now it's hangover time

Higher rates are dashing the dreams of some would-be homebuyers while others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.

The Guardian - UK

Barratt reports slump in new home orders as mortgage rates rise

Shares slide after developer warns of ‘less certain’ outlook as housing market hit by jump in borrowing costs

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The Guardian - UK

If the Tories U-turn on no-fault evictions, they’ll be guaranteeing misery for renters

Britain’s housing market feels like it’s stuck in the 19th century. Keeping cruel section 21 legislation will make it worse, says author Daniel Lavelle

Benzinga

As Home Rental Prices Continue To Jump More Americans Are Behind On Their Rent

With the national home sales inventory disappearing and rising inflation and mortgage interest rates, the rental housing market is busting at the seams attempting to meet demand. And in some states, 25% of the people lucky enough to find available rental property are now behind on their monthly payments.

Edinburgh Live

Edinburgh property: Five of the city's cheapest properties as average price hits £299,649

The housing market feels like it is in a flux as demand is high but mortgage rates have hit a 12-year high. However, as a property expert predicts things with settle down, we've found the cheapest flats on the market in Edinburgh

StockNews.com

Rising Interest Rates Is Bad News for These 2 Stocks

In its efforts to tame the persistently high inflation, the Fed has been aggressively hiking interest rates. However, the rising interest rates have dampened housing demand. With the Fed reiterating its hawkish stance, the housing market is expected to remain under pressure. Given this backdrop, it could be wise to…

The Guardian - UK

‘Kicking myself I didn’t move faster’: fear and panic grips housing market

In a Hertfordshire town, the slump has begun with buyers, sellers and estate agents tell of the effects of Kwarteng’s mini-budget

Edinburgh Live

Edinburgh property expert predicts end of year 'slowdown' in housing market

The interest rate on a standard five-year fixed rate mortgage has exceeded six percent for the first time since 2010 thanks in part to the new Westminster Government’s mini-budget last month.

The Independent UK

Average long-term US mortgage rates dip to 6.66% this week

Average long-term U.S. mortgage rates ticked down modestly this week after six straight weeks of gains pushed rates to heights not seen in more than a decade, before a crash in the housing market triggered the Great Recession in 2008

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