- A buyer pulled out of a shared-ownership home after the developer failed to satisfy planning conditions, leaving him stressed and unexpectedly out of pocket.
- The Prospect Place development — about 130 affordable homes — cannot be occupied until road-safety, ecology and other pre-occupation conditions are met, say the council and developer.
- He’s received some compensation but still faces costs (storage, a tied cashback mortgage), has involved his MP, and says lack of transparency caused “sleepless nights.”
Latest stories in Real Estate.
- Vanessa Banh bought a $347K fixer-upper in Modesto and converted the four-bedroom house plus garage into four separate Airbnb units—she’d rather rent them all out than live in one.
- She financed the buy with a hard‑money loan, refinanced to conventional, and used income from wholesaling flips to fund renovations.
- Renovations cost roughly $60K for the house and about $108.5K for the garage conversion; the rentals brought ~$3.5–4.5K/month earlier ( ~$1–1.5K cash flow), and the new garage studios now rent around $2,000 each.
- Hundreds of incoming University of Exeter students say they’ve been left without on‑campus rooms if they missed the 31 July housing guarantee, even though the university met its on‑time commitments.
- Many affected students are deferring or scrambling for private lets — local agencies report hundreds of calls from first‑years.
- The squeeze reflects a rise in student numbers and a shortage of purpose‑built student housing in Exeter.
- Builders ordered to halt an 80-home Sapcote development after Blaby Council issued a 56-day stop for breaching planning conditions.
- Council says key environmental safeguards were missing — including badger protection, biodiversity zones, water management and a construction traffic plan.
- William Davis Homes says it has paused work, submitted the needed reports and is cooperating with the council, but could face fines or court action if rules aren’t met.
- Slight easing: home prices are now seen falling a bit less in 2026 (around 3.4% vs 3.5% earlier), but overall prices are still expected to decline into 2027.
- Deeper pain for activity: property investment (about a 20% drop this year) and home sales are forecast to fall more sharply than previously thought.
- Policy stance: Beijing is focused on containing financial risks, finishing stalled projects and clearing excess inventory rather than engineering a quick market rebound.
- 30-year mortgage rate edged up to 6.66%, very close to this year's high of 6.69%.
- Higher rates can add hundreds to monthly payments and are prompting some buyers to delay purchases.
- 15-year rates rose to 5.98%; mortgage costs generally track inflation, Fed policy and the 10-year Treasury yield.
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