Category : Search result: mortgage affordability


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.

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.

AI Housing Crisis: Australia's Looming Robodebt Disaster

Exclusive: Australian politicians are recklessly embracing AI for housing policy without proper safeguards, risking a disaster on the scale of the Robodebt scandal. Experts warn of devastating consequences for vulnerable citizens.

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.

Racing Chiefs Confront MPs Over Gambling Reform Threat

Leading figures from British horse racing, including Jockey Club chief Nevin Truesdale, confront MPs over dire financial threats posed by proposed gambling affordability checks. The industry warns of a potential £250 million loss and 4,000 job cuts.

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.

Australia's Radical 2% Deposit Home Scheme Launches

Australia launches a radical £1.2 billion housing initiative, enabling first-time buyers to purchase with just a 2% deposit. But will this ambitious scheme cool the market or fuel a price surge? Exclusive analysis inside.

Sydney House Prices Hit Record $1.6M Average

New data reveals Sydney's average house price has soared to a staggering $1,629,515 AUD, defying interest rate pressures and cementing its status as Australia's most expensive property market.

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.

Bank forgives £1m debt for terminally ill cancer patient

Bank of Scotland clears £1,000,000 debt for terminally ill cancer patient Ian Pritchard after his emotional appeal went viral. Discover how this act of compassion brought relief to a family facing unimaginable hardship.

Indian Minister's 'Buy Australian Homes' Remark Sparks Fury

Indian Commerce Minister Piyush Goyal faces backlash after suggesting wealthy Indians could purchase Australian properties to ease pressure on the local housing market, a comment labelled 'tone-deaf' during a severe affordability crisis.

Australia's Rental Nightmare: 42 Tenants Per Property

A perfect storm of soaring immigration and plummeting construction has ignited an unprecedented rental crisis across Australia, with desperate tenants now facing off against dozens of competitors for a single home.

£10,000 Bonus for New Homeowners in Govt Scheme

Exclusive: New homeowners could receive a life-changing £10,000 bonus under a radical government proposal to boost property ownership and slash mortgage costs. Find out if you qualify.

Deported fraudster jailed for £1.3m property swindle

Anopkumar Maudhoo, an illegal immigrant and serial fraudster, has been sentenced to six years for orchestrating a sophisticated property scam that netted over £1.3 million from victims across London and the South East.

UK House Prices See Sharpest Annual Drop Since 2011

New data from Nationwide reveals UK house prices fell by 5.3% annually in December 2023, marking the most significant decline in over a decade as higher mortgage rates continue to dampen the property market.

DOJ Investigates Trump Over Alleged Mortgage Fraud

The US Department of Justice has launched a criminal investigation into Donald Trump and the Trump Organisation, examining potential bank and insurance fraud linked to a controversial $100 million mortgage on a New York skyscraper.

Reeves Scraps Landlord Tax Relief to Fund NI Cut

Chancellor Rachel Reeves delivers her first Budget with a major blow to landlords, scrapping the mortgage interest tax relief to fund a cut in National Insurance for millions of workers.

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