Brookfield Asset Management Ltd. and Abu Dhabi investment firm Lunate are setting up a residential developer to build premium housing across the Gulf, in a report that did not date the announcement. The venture is aimed at expanding the two firms' presence in the region's real estate markets, according to the report.
Los Angeles has 60 days to approve 398 homes at Woodland Hills Country Club or face a lawsuit seeking at least $19.9 million, according to a letter the club's attorney, Dave Rand, sent to the city on a Friday. Rand said the city's denial violated Assembly Bill 2011 and the Housing Accountability Act, and the letter invokes AB 712 to extend any limitation period by 60 days.
A RETR analysis published in a HousingWire report identified 3,729 matches between real estate agents and mortgage loan officers in which the agent's top loan officer shared the agent's name. California accounted for 40% of the matches, and California, Florida, Texas and Arizona together accounted for nearly 71% of the dual-licensed professionals identified.
eLEND launched CreditEdge, expanding eligibility for FHA cash-out refinances to credit scores as low as 500 and conventional loans below 620, subject to automated underwriting approval. The New Jersey-based mortgage lender said loans on primary residences must be locked by Dec. 31, 2026, and are available through its retail, wholesale and nondelegated correspondent channels.
MLSListings, a Northern California-based multiple listing service, joined a lawsuit against Compass International Holdings in an amended complaint filed on Friday, according to HousingWire. The amended complaint reiterates claims from an initial complaint filed in mid-October by six MLSs, which seek to continue enforcing their cooperation rules without violating antitrust law and to bar Compass from challenging those rules.
Wafra and Hunt Companies announced on Monday the launch of Strata Land Partners, a platform led by former Landsea Homes president Michael Forsum that starts with about 1,300 single-family lots. The venture will offer land financing to public and private homebuilders, with Wafra's roughly $30 billion in assets under management behind it and no disclosed capital commitment.
A September survey by Coldwell Banker found that 82% of parents with children aged 5 and under are already saving or considering saving for a child's down payment, in a report that did not date the event. Fourteen percent had already saved for a down payment, compared with 20% who had saved for college. The report cited a 30-year fixed mortgage rate above 7% for the week ending October 29 and Atlanta Fed data showing $126,849 in income was needed for affordable homeownership as of August.
Longbridge named Larissa Morrell to lead product development as the reverse mortgage lender expands beyond traditional loans, according to an interview with HousingWire's Reverse Mortgage Daily that did not date the event. Morrell said the company's HELOC for Seniors product generates about $5 million a month in volume and that Longbridge plans to widen its distribution through wholesale partners.
Oxford Economics forecast on October 14, 2026 that US housing starts would fall 2.4% in 2027, with mortgage rates near 7% and unsold homes weighing on builders. The firm projected real GDP growth of 2.5% for 2027 and median existing-home prices rising 3.7%, with data center construction driving business investment.
Home REIT served formal notice to terminate its investment manager as part of cost-cutting measures during its managed wind-down, the company said in a trading update on November 2, 2026. The company exercised the six-month notice under its investment management agreement on October 21, 2026, and began the process of appointing a new AIFM.
AVID Property Group matched Warburg Pincus' A$2.24 billion ($1.57 billion) takeover proposal for Australia's Ingenia Communities on Monday, Ingenia said, lifting its offer to A$5.50 per share from A$5.40. The bid matches Warburg Pincus' sweetened proposal of October 28 and sits 15.5% above Ingenia's last close before AVID's first indicative proposal on October 26.
More than 2.3 million UK households will reach the end of fixed-rate mortgage deals in 2027, according to data collected by UK Finance, as the Bank of England is widely expected to raise its base rate to 4% from 3.75% on November 5. Mortgage approvals fell to a near three-year low in September, and the Office for Budget Responsibility said household disposable incomes would fall 0.6% next year after inflation.
Hong Kong's renovation and construction sector said a new Building Maintenance Support and Services Council would draw legitimate consultants and contractors back to the market, in a report that did not date the event. Industry representatives said the body, headed by Financial Secretary Paul Chan Mo-po, would increase scrutiny of tendering and could lower costs for homeowners over time.
Australian home values fell for a seventh consecutive month, with combined capital city values down 1.4% in October, Cotality data showed. Cotality research director Tim Lawless said capital city home values were down 8.1% since March, with Brisbane and Perth leading the declines. Four interest rate hikes this year have weighed on demand, and a fifth is widely expected at the Reserve Bank's decision on Tuesday.
Australian home values fell for a seventh straight month in October, with capital city prices dropping 1.4% as rate hikes curb demand.
Adds national figures (down 1.2% in Oct, 6.7% below peak, 2.8% y/y) and sales data to the known capital-city decline story.
RentCafe reported that the number of US households earning at least $1 million a year that rent an apartment or house grew 229% when comparing Census Bureau estimates for 2020 to 2024 with those for 2016 to 2020. The apartment-search website said that outpaced 193% growth in millionaire homeowner households over the same period, with Southern metros gaining fastest.
Hong Kong's housing crisis is forcing many residents into cramped and undignified living conditions, with some living in subdivided units or 'cage homes'. The average public housing wait time has reached 5.5 years, leaving many struggling to afford even basic shelter in one of the world's most expensive property markets.
Passengers in Great Britain face significant disruption due to 10 days of engineering works over the Christmas period. London's Paddington station will close, impacting services to the west of England and Wales until January, while Birmingham New Street station will be closed for five days.
A 2,000-year-old tradition of heated platform-beds, known as the kang, used in northern China offers lessons for modern energy efficiency. Connected to kitchen stoves, these beds store and slowly release heat, providing warmth with less fuel.
Eight out of 10 properties in London's most exclusive neighborhoods are selling below asking price, according to Coutts. Prime central London property prices dropped 5% in the third quarter of 2026, with some homes selling at a 10% discount.
Hong Kong retirees are finding that Shenzhen, a mainland Chinese city, is becoming increasingly expensive. A meal that once cost 300 yuan now costs up to 600 yuan, while Hong Kong prices remain significantly higher. Other mainland cities like Guangzhou and Zhongshan offer more affordable options.
