Category : Search result: mortgage crisis


Australia's $10bn housing crisis fix as ownership plummets

The Australian government announces a landmark $10 billion housing package as new data reveals home ownership is becoming a distant dream for millions. Exclusive analysis shows the true scale of the affordability crisis gripping the nation.

US shutdown threat to Florida housing market

Exclusive analysis reveals how political gridlock in Washington could freeze Florida's booming housing market, leaving buyers and sellers in limbo as mortgage approvals stall and economic uncertainty grows.

Homebuyers Abandon Purchases at Record Rate

Britain's property market faces unprecedented turmoil as nearly 40% of home sales collapse before completion, with buyers retreating amid economic uncertainty and soaring costs.

UK House Prices See Biggest Drop in Over a Decade

New data reveals UK house prices have fallen at their fastest rate in over 12 years as soaring mortgage costs and economic uncertainty hammer the property market, creating a 'renter's revolution'.

Mortgage Miracle: Slash £2,000 Off Annual Payments

Discover how savvy homeowners are saving thousands by switching to cheaper mortgage deals as interest rates shift. One borrower's story reveals how you could cut your payments dramatically.

Nat Barr grills minister over housing crisis

In a fiery television exchange, Sunrise host Natalie Barr confronts Home Affairs Minister Clare O'Neil about Australia's worsening housing affordability crisis, with young Australians facing what many call an 'impossible dream' of home ownership.

Las Vegas Housing Crisis: Prices Soar as Affordability Crashes

The Las Vegas Valley faces a severe housing affordability crisis, with soaring prices, stagnant wages, and a critical shortage of homes pushing ownership out of reach for many residents. Experts warn of long-term social and economic consequences.

Labour's housing revolution: 1.5m new homes promised

Exclusive: Labour unveils radical plan to tackle Britain's housing crisis, promising the 'largest increase in social and affordable housebuilding in a generation' and sweeping mortgage reforms to help generation rent onto the property ladder.

Labour's radical plan to fix UK housing crisis revealed

Exclusive: Labour unveils sweeping reforms to fix Britain's broken housing market, including a major planning overhaul and new powers for first-time buyers, as the party declares a 'moral mission' to make homes affordable again.

UK Housing Crisis: Homes Cost 8.3 Times Average Salary

New data reveals Britain's housing affordability crisis has hit a record high, with property prices soaring to 8.3 times average earnings. Experts warn of a 'broken market' as mortgage costs and stagnant wages create perfect storm for buyers.

SF Home Buyers Need $488k Salary Amid Housing Crisis

New data reveals the staggering income required to purchase a median-priced house in San Francisco has soared to over $488,000, highlighting a severe affordability crisis despite recent price corrections.

NatWest and RBS Slash Fixed Mortgage Rates

In a significant move, NatWest and Royal Bank of Scotland have announced sweeping cuts to their fixed-rate mortgage deals, offering hope to borrowers amidst the cost-of-living crisis.

Kevin McCloud's stark warning over UK housing crisis

Grand Designs presenter Kevin McCloud delivers a blistering critique of the UK's property market, expressing deep sympathy for young buyers and calling for urgent government action on the housing crisis.

First-Time Buyers Delay Cars for £59k Deposits

Exclusive research reveals the heartbreaking financial trade-offs young Britons are making. Soaring mortgage deposits are forcing a generation to delay car ownership and major life events, creating a 'generation locked out' of the property market.

US Home Price Surge Worsens Wealth Divide, Report Finds

Soaring house prices are creating a stark wealth divide across America. A new Zillow report shows that while homeowners see paper gains, affordability for first-time buyers has collapsed to its worst level in decades.

Teacher rejected for mortgage quits job for van life

A young teacher's dream of homeownership was crushed by a shockingly low mortgage offer. Discover how she turned rejection into liberation by quitting her job and buying a van to explore the UK.

New-Build Homes Now Cheaper Than Old Ones In UK Market Shift

A startling shift is occurring in the UK housing market. Exclusive analysis reveals new-build properties are now significantly cheaper than older homes in some regions, signalling potential market distress and a crisis in buyer confidence. Experts warn th

Fed's Lisa Cook faces mortgage investigation

US Federal Reserve Governor Lisa Cook is under investigation by the House Judiciary Committee over allegations of improper mortgage approvals during the pandemic. Discover the details of the claims and the Fed's response.

UK Property Market Plunge: Homebuyer Panic Hits Record

Exclusive: Britain's housing market faces a severe crisis as a record number of panicked buyers abandon purchases amid soaring mortgage rates and economic uncertainty. Property chain collapses hit unprecedented levels.

Pound Crashes to Record Low After Truss's Mini-Budget

The UK faces a severe economic crisis as the pound sterling crashes to a historic low against the dollar following Chancellor Kwasi Kwarteng's mini-budget, triggering emergency warnings from the Bank of England and soaring mortgage costs for millions.

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